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Naira Crashes To ₦1,210 To US Dollar - Business (8) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Crashes To ₦1,210 To US Dollar (36899 Views)

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Re: Naira Crashes To ₦1,210 To US Dollar by Available9: 9:05pm On Oct 23, 2023
As a Yoruba Muslim, carry go agbado...we are behind you...5000 naira to a dollar is our target
Re: Naira Crashes To ₦1,210 To US Dollar by saysoo: 9:05pm On Oct 23, 2023
If not for wickedness, anger and vendetta, why should Tinubu imprison Emefiele? They sustained this monetary policy. Now see where his pride and ego is taking Nigerias economy to. This mam built no Lagos.
Re: Naira Crashes To ₦1,210 To US Dollar by PepeXKermit: 9:06pm On Oct 23, 2023
mrvitalis:
On your mandate we shall stand

Maybe most of you don't understand this

If you earned 200k as at may 29th .... The value of your salary is now about 100k
Lmao.
Re: Naira Crashes To ₦1,210 To US Dollar by SirLakes: 9:06pm On Oct 23, 2023
Some idiots are saying it will stable.... how??

The demand for Naira is zero, we are not exporting, we are importing virtually everything, food, agricultural produce, like everything. It is cheaper to bring foods into the country than to grow because the cost of production is very high.

We deserve what we are getting grin grin
Re: Naira Crashes To ₦1,210 To US Dollar by Salvador1: 9:08pm On Oct 23, 2023
Forex scarcity is driving the Nigerian economy to its burial ground.

Nigeria desperately needs Forex.

The Easiest, Fastest and Interest Free way for Nigeria to Raise 10 Billion Dollars is to Convince at least 1 million Nigerians in the Diaspora to Invest $10,000 each Back Home Asap.

ONLY 1 CANDIDATE in the 2023 elections had that Level of Support and Following.

Many people choose poison because it was served in their tribal or religious glass.

Mad people everywhere!
Re: Naira Crashes To ₦1,210 To US Dollar by SirLakes: 9:13pm On Oct 23, 2023
Love800:
Can somone educate me pls

Wat is the disadvantage as naira is rising?
It will favour me (you) and my (your) family grin
Re: Naira Crashes To ₦1,210 To US Dollar by grandstar(m): 9:17pm On Oct 23, 2023
Anaya4life:
The problem is that our inflation is mostly caused by the excess cash in the system. Eg CBN printing cash indiscriminately, politicians having so much cash etc
It is excess cash in the system.

High interest rates will mop it up.
Re: Naira Crashes To ₦1,210 To US Dollar by ArcSEMPECJ(m): 9:17pm On Oct 23, 2023
abhosts:
This is beginning to look like some people somewhere are sabotaging the economy. Call Buhari to account for our depleted foreign reserves.
Face your front Mr Man.....

Who is the President of Nigeria.huh??

What concerns Buhari with Tinubu's pro failureshuh?

Anyway, the only person sabotaging the economy is your Brian that went and voted another failure as President .....lols
Re: Naira Crashes To ₦1,210 To US Dollar by ogbe88(m): 9:19pm On Oct 23, 2023
Shijawesss:
Muslim-muslim ticket ..

We need a Christian leader to change this country

All the Muslims leaders have failed us

Anyway God bless the good people of Southsouth and Southwest
U are not well.
Re: Naira Crashes To ₦1,210 To US Dollar by Tohmey(m): 9:19pm On Oct 23, 2023
People operating dormicilary account, becareful oh. . Before CBN will liquidate all of you and close down all the account
Re: Naira Crashes To ₦1,210 To US Dollar by ogbe88(m): 9:20pm On Oct 23, 2023
iwaeda:
https://leadership.ng/just-in-naira-crashes-to-n1210-to-us-dollar/
A coup is coming.

Many Ronu leaders will do frog jump on that day.
Re: Naira Crashes To ₦1,210 To US Dollar by Omalicious1: 9:30pm On Oct 23, 2023
iwaeda:
https://leadership.ng/just-in-naira-crashes-to-n1210-to-us-dollar/
Abeg, is CBN really floating the naira? Because its like na the opposite dey happen
Re: Naira Crashes To ₦1,210 To US Dollar by yarimo(m): 9:32pm On Oct 23, 2023
Felabrity:
Tinubu is the most clueless thing on earth

Yarimo stop supporting rubbish you said no
grin grin

Re: Naira Crashes To ₦1,210 To US Dollar by naijaboy756: 9:32pm On Oct 23, 2023
So Buhari is actually better than someone
Re: Naira Crashes To ₦1,210 To US Dollar by Edusouls(m): 9:41pm On Oct 23, 2023
fineboynl:
Nigeria needs to be divided. Northerners are bonding this country down. They vote base on ethnic And religious line. Now see where we are now. The hatred between ourselves and low IQ of black peoples is our biggest problem

This will continue to get worst as people rushing to save there money in dollars.

I will go buy dollar tomorrow
chai u don talk finish , ur an intelligent person, northern Nigeria is completely ruined and they pulling us down fast, coupled with low blacks I.Q, Guy blacks are natural disaster
Re: Naira Crashes To ₦1,210 To US Dollar by Lightorder: 9:46pm On Oct 23, 2023
Jagaban of Borgu. Una think say na omo ibo una dey do. Una go chọp breakfast tire
Re: Naira Crashes To ₦1,210 To US Dollar by ogbonti: 9:55pm On Oct 23, 2023
abhosts:
This is beginning to look like some people somewhere are sabotaging the economy. Call Buhari to account for our depleted foreign reserves.
Tinubu is printing trillions of naira and changing to dollars and stealing it that’s what’s happening right now
Re: Naira Crashes To ₦1,210 To US Dollar by darediamond(m): 10:02pm On Oct 23, 2023
abhosts:
This is beginning to look like some people somewhere are sabotaging the economy. Call Buhari to account for our depleted foreign reserves.
No it is not Buhari this time. It is the puppet scam president that is forced on us all that is responsible for the Deliberate Devaluation to pave way for Britain to plunder the Economy.
Re: Naira Crashes To ₦1,210 To US Dollar by darediamond(m): 10:05pm On Oct 23, 2023
iwaeda:
https://leadership.ng/just-in-naira-crashes-to-n1210-to-us-dollar/
Time to Run away from Nigeria to any of the Currency Arbitrage Useful Neighboring Nations as the Devaluation Of Naira Tinubu Embarks On Will Likely results into Civil War soon!!!
Re: Naira Crashes To ₦1,210 To US Dollar by ogbe88(m): 10:07pm On Oct 23, 2023
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Re: Naira Crashes To ₦1,210 To US Dollar by Bigchristo: 10:09pm On Oct 23, 2023
abhosts:
This is beginning to look like some people somewhere are sabotaging the economy. Call Buhari to account for our depleted foreign reserves.
Nobody is sabotaging anything, they should go and ask those economists who manage Nigeria economy during OBJ Yaradua and Good Luck Jonathan administration to seek help otherwise the dollar keep falling Free fall those in office have zero ideas of how to manage it, this is what happens when offices are being given to people based on connection instead of giving those who merited it, believe it or not if the US have the likes of Ngozi Okonjo Iweala they won’t let her leave because of tribalism they know her potentials, but here is tribalism over everything our eyes go soon clear
Re: Naira Crashes To ₦1,210 To US Dollar by lendahand(m): 10:11pm On Oct 23, 2023
123readygo:
Hmmmmmmm.

My only regret is selling all my money in July at 730. Now I would have been cashing in
can't you jump in again??
Re: Naira Crashes To ₦1,210 To US Dollar by FireUpNow(m): 10:12pm On Oct 23, 2023
Tinubu is a very wonderful man and all thanks to him making the USD run faster than the Nigeria Naira without looking back at the shortest possible time.
Re: Naira Crashes To ₦1,210 To US Dollar by micflo28(m): 10:16pm On Oct 23, 2023
This people are leading us astray
Re: Naira Crashes To ₦1,210 To US Dollar by Karleb(m): 10:22pm On Oct 23, 2023
emmaodet:
You can't blame the citizens much.
There is little a citizen can do if the government is bad.
Good citizen is directly proportional to good government.
There is little citizens can do when there are not stable 24hrs electricity to run a factory or company that produces jobs and taxes for government.
There is little a farmer can produce when his security is not guaranteed in the farm and bad roads to bring harvested crops to cities and no post harvest storage on ground for crops that can't be sold in days time.
I closed my vegetable oil factory last year due to power issues.
Many have closed and many will still close
Aside from those that have closed, many won't start because of these underlying factors.

The only industry that moves regardless of the economy is the religion industry.

Make God forgive me.
Re: Naira Crashes To ₦1,210 To US Dollar by lendahand(m): 10:34pm On Oct 23, 2023
pansophist:
Last year or so, when one USD exchanged for N500, there was a social media uproar. The internet was filled with anger and sadness about the state of Nigeria.

Fast forward to today, it's over N1200 per dollar, and Nigerians didn't make a fuss about it, which just goes to show that the masses have given up on the country.
that's it oo... There's that point at which suddenly you become numb to pain...Nigeria is at that point currently...
Re: Naira Crashes To ₦1,210 To US Dollar by emmaodet: 10:36pm On Oct 23, 2023
Karleb:
Aside from those that have closed, many won't start because of these underlying factors.

The only industry that moves regardless of the economy is the religion industry.

Make God forgive me.
grin
Re: Naira Crashes To ₦1,210 To US Dollar by freshboi88: 10:55pm On Oct 23, 2023
opamoses1:
Naira is finding its real value. No more padding it with $1.5 billion monthly.

It will surely stabilize then healing can begin.
Ode
Re: Naira Crashes To ₦1,210 To US Dollar by Etimemy: 10:56pm On Oct 23, 2023
Tinubu is a hopeless
Re: Naira Crashes To ₦1,210 To US Dollar by cococandy(f): 10:57pm On Oct 23, 2023
This is so scary
Re: Naira Crashes To ₦1,210 To US Dollar by freshboi88: 11:02pm On Oct 23, 2023
Despite this, government will not look inward and adjust to the present reality and reduce the cost of governance. The funny things govt will still be funding pilgrimage to mecca and Jerusalem for some select few.
Re: Naira Crashes To ₦1,210 To US Dollar by ufotunang: 11:11pm On Oct 23, 2023
See what APC and Tinubu has caused... nawaoooo... incompetent people in government
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