Naira Hits All-Time Low Of ₦1,152/$1 In Black Market - Business (4)

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Naira Hits All-Time Low Of ₦1,152/$1 In Black Market - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Hits All-Time Low Of ₦1,152/$1 In Black Market (22260 Views)

Dollar Hits All-time Low, Crosses N1,500 At Official Market / Naira Hits Record Low Of N1,348.63 /$1 At The Official Market / Naira Falls To All-time Low Of 527 Naira To A Dollar (2) (3) (4)

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Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Benwallt(m): 7:46pm On Oct 19, 2023

Dollar watchers will just give themselves heart attach over nothing

1 Like

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by paragons: 7:47pm On Oct 19, 2023

Enough of this blame game , could an expert in the house kindly advise on the way forward . I need an expert in economy to tell us how this situation can be salvaged .In all honestly , is everyone raising their hands in helplessness while this situation continues? do we know effect of all this , businesses are closing , there is massive inflation , people are suffering .....someone should profer a solution instead of criticizing we need solution not criticisms what is the way forward

1 Like 1 Share

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by yarimo(m): 7:47pm On Oct 19, 2023

AllDModsAreMaad:

Ele ribu, that is what you are.

Shebi that 30k wey dem dey pay you dey do you for one month abi?

shataaaaap focus on TINUBU CSU certificate please

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by blingxx(m): 7:48pm On Oct 19, 2023

Treasure17:
Arrest Tinubu now.

Tinubu is too influencial, nobody can do anything to him, believe it or not he's that powerful

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by SonofGod231: 7:50pm On Oct 19, 2023

Na so diesel dey follow naira craze.
It's biting in. cry

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by drealcivilceno(m): 7:50pm On Oct 19, 2023

orisa37:
BANKERS ARE THE TRADERS IN THAT MARKET. I MEAN BANKERS ARE THE BLACK MARKETERS IN THAT MARKET.

Only if you know!

Banks are cashing out big time... Civilians are made to slave!

2 Likes

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by IzRayl: 7:52pm On Oct 19, 2023

I don't need a quote from you neither do I need your opinion.....as long as the money is my account,you're just spilling trash

Lukepeter:

If you have to mention you making it; it means you ain't.

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Karleb(m): 7:52pm On Oct 19, 2023

Heading for the moon. 🚀🚀

APC will never know peace in this life

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by George234(m): 7:53pm On Oct 19, 2023

Tinubu is working. Let him continue borrowing money 🤑🤑🤑🤑

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Austineva(m): 8:01pm On Oct 19, 2023

What do you expect from a Zoological country 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Tufia!

Biafra remains the only solution

1 Like

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by HeroicMeastro: 8:02pm On Oct 19, 2023

Taylor94:
Good for bitcoin

I just pray make Luno no swallow my coins because Omo even if it happens wetin I wan do

Before December I pray dollar get to 2k

Since we wanted a working government una say no

Any which way it will favor me oo

Thanks for bringing Tinubu the dullard

So which one is the working government? And guaranteed that that particular govt would work from day one?
Stop been insensitive, don't be a pathetic slowpoke!

1 Like

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Wellington123: 8:05pm On Oct 19, 2023

Brushstrokes20:
Dammmmmmmmnnnn it!
# a stitch in time saves nine...
If only brave Khaki boys can do the NEEDFUL!
The shyyythole keeps Crumbling by the seconds

The tog Guys in kaki are also enjoying themselves so why would they?

The Nigerian masses are on their own

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Dsimmer: 8:06pm On Oct 19, 2023

orisa37:
BANKERS ARE THE TRADERS IN THAT MARKET. I MEAN BANKERS ARE THE BLACK MARKETERS IN THAT MARKET.

They should be rounded up and jailed then!

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by tesppidd: 8:06pm On Oct 19, 2023

DLSReigns:
"Tinubu will handle the economy, Shetima will handle security " what went wrong pls. I guess I am missing something.

I remember "Buhari will handle security, Osinbajo will handle economy"

3 Likes

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by MichaelSokoto(m): 8:08pm On Oct 19, 2023

pendusky:
Jesu...

So, someone actually in 2014 advised me to buy dollars and store... that if Buhari win dollar will double...

I didn't want to take that risk, Buhari that was promising us 1N/$, then in GEJ era it was 180-190/$ that's about N18k/100$

The guy took loan, buy more than 5,000 dollars and store in his account...

Last time I heard from the guy, he was on his way out of the country.

If you have money, buy dollar and store, in 2years, dollar will reach N3,000/$

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by VeeVeeMyLuv(m): 8:10pm On Oct 19, 2023

mrprince01:
Like play like play.. naira don de turn sh*tcoin, abeg when are we buying the dip?

There is no buying deep.

With regards to oga at the top, it is too late to bend crayfish when it becomes dry, u can't remove from them, it has already calcified inside him.

My brother, Just b expecting 10k to $1 soon.

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Evolutionism: 8:10pm On Oct 19, 2023

Make e reach N50,000 Abeg grin

Make my Investments dey increase dey go well.

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by modernWays: 8:11pm On Oct 19, 2023

pendusky:
Jesu...

So, someone actually in 2014 advised me to buy dollars and store... that if Buhari win dollar will double...

I didn't want to take that risk, Buhari that was promising us 1N/$, then in GEJ era it was 180-190/$ that's about N18k/100$

The guy took loan, buy more than 5,000 dollars and store in his account...

Last time I heard from the guy, he was on his way out of the country.

If you have money, buy dollar and store, in 2years, dollar will reach N3,000/$

You and the other ignorant buying dollars when you have no business with it are the real economic saboteurs we are talking about. You will all packed up dollars in the market, making it difficult for importers of goods and foreign students who needed it the most to access.

Why would you be keeping other country currency when we don't spend it in Nigeria?

4 Likes

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Sleekfingers: 8:12pm On Oct 19, 2023

Yujin:

Lol. He mad more than the average minimum wage of a Nigerian in a single transaction that didn't last up to 10 minutes. That's how useless the Nigerian government has become. In sane countries, a month's salary will be worth something.

I am telling you.....he made 36,000 is less than 10minutes.

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by nnamdi640: 8:15pm On Oct 19, 2023

DLSReigns:
"Tinubu will handle the economy, Shetima will handle security " what went wrong pls. I guess I am missing something.

Don't mind them, this is another Buhari pro-max

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by VeeVeeMyLuv(m): 8:15pm On Oct 19, 2023

paragons:
Enough of this blame game , could an expert in the house kindly advise on the way forward . I need an expert in economy to tell us how this situation can be salvaged .In all honestly , is everyone raising their hands in helplessness while this situation continues? do we know effect of all this , businesses are closing , there is massive inflation , people are suffering .....someone should profer a solution instead of criticizing we need solution not criticisms what is the way forward

They know the solutions crystal clearly. They know the right thing to do, but their already ingrained calcified character won't let them do it.

But they have sworn not implement those policies that will boost the economy and strengthen the naira.

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Kachidubem: 8:16pm On Oct 19, 2023

pendusky:
Jesu...

So, someone actually in 2014 advised me to buy dollars and store... that if Buhari win dollar will double...

I didn't want to take that risk, Buhari that was promising us 1N/$, then in GEJ era it was 180-190/$ that's about N18k/100$

The guy took loan, buy more than 5,000 dollars and store in his account...

Last time I heard from the guy, he was on his way out of the country.

If you have money, buy dollar and store, in 2years, dollar will reach N3,000/$

Does it still matter much... coz inflation will still chop that money.... lemme give you a quick example

In 2017, we used to buy PS4 console for 75k\85k... even if I had saved in dollars then... if I want to buy that PS4 today , it cost almost triple now self ,some sell for 200k plus

So what exactly did I gain... nothing much
So if dollar get to 3000 per dollar, expect the cost of things to triple also

8 Likes 1 Share

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by tete7000(m): 8:16pm On Oct 19, 2023

juman:
We were living fake lives before.
The government is adjusting to the realistic level of the economy.

I have faith in jagaban.
He is experienced administrator.
He knows what he is doing.

Mumu. I guess you are one of those who just got a juicy political appointment. They are already borrowing to reward you.

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Fujiyama: 8:17pm On Oct 19, 2023

juman:
He is experienced administrator.
He knows what he is doing.

^^^
The evidence says otherwise.

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by tete7000(m): 8:17pm On Oct 19, 2023

Kachidubem:

Does it still matter much... coz inflation will still chop that money.... lemme give you a quick example

In 2017, we used to buy PS4 console for 75k\85k... even if I had saved in dollars then... if I want to buy that PS4 today , it cost almost triple now self ,some sell for 200k plus

So what exactly did I gain... nothing much
So if dollar get to 3000 per dollar, expect the cost of things to triple also

At least relative to time in question, the buying power of your money remains the same, it doesn't depreciate.

7 Likes

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Blake755: 8:19pm On Oct 19, 2023

What is the way forward 🤦🏾‍♂️🤦🏾‍♂️☹️☹️

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Fujiyama: 8:20pm On Oct 19, 2023

Yujin:

Lol. He mad more than the average minimum wage of a Nigerian in a single transaction that didn't last up to 10mins. That's how useless the Nigerian government has become. In sane countries, a month's salary will be worth something.

^^^

People need to think long and hard about this.

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Emetex22(m): 8:21pm On Oct 19, 2023

Taylor94:

Lol

You can’t see them in this kind of thread

If you wan see them mention Peter Obi they’ll fly like bats they’re

😆 🤣 😂 😹, very true, even IPOB mention, their BP heightens

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by Theunbothered: 8:22pm On Oct 19, 2023

DLSReigns:
"Tinubu will handle the economy, Shetima will handle security " what went wrong pls. I guess I am missing something.

Where has Shettima even gone?

I haven't seen the mugu since he picked up one indecent book on his trip to the USA.

2 Likes

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by paragons: 8:23pm On Oct 19, 2023

What is the way forward please ?

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by BannedUser: 8:23pm On Oct 19, 2023

Kachidubem:

Does it still matter much... coz inflation will still chop that money.... lemme give you a quick example

In 2017, we used to buy PS4 console for 75k\85k... even if I had saved in dollars then... if I want to buy that PS4 today , it cost almost triple now self ,some sell for 200k plus

So what exactly did I gain... nothing much
So if dollar get to 3000 per dollar, expect the cost of things to triple also

You have not said the part where, by saving in dollars, he now has ₦5.5m instead of ₦950,000

Haba, can you even run a simple business?

4 Likes

Re: Naira Hits All-Time Low Of ₦1,152/$1 In Black Market by VeeVeeMyLuv(m): 8:23pm On Oct 19, 2023

Yujin:

Lol. He mad more than the average minimum wage of a Nigerian in a single transaction that didn't last up to 10mins. That's how useless the Nigerian government has become. In sane countries, a month's salary will be worth something.

See Vietnam that Reno Omokri was comparing our country with in trying to justify the continous weakening of naira.

Their min wage is 4.68 million VND/month (according to Take-Profit.org). It equates to roughly 200 US dollars per month

While that of Nigeria is just 30000naira less than$30.

They are not ready to review wages upward.

2 Likes

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