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Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM (10592 Views)

Naira Falls To ₦‎1,260/$ In Parallel Market / Naira Appreciates From 1310/$ To 1300/$ In Parallel Market / Naira Bounces Back, Appreciates To N470/$ In Parallel Market (2) (3) (4)

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Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Themanleshey: 6:52am On Dec 08, 2023
My question is how many people can afford to have 1000 naira when 1 naira is equivalent to 1 pounds?

How many people was able to buy a car when it was sold for 1200 naira ?

You just keep shouting dollar this naira that lol una mumu well well .

Y’all better go and hustle hard and forget this dollar ish !

2 Likes 1 Share

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by phr0nesis(m): 6:55am On Dec 08, 2023
PotatoSalad:
Remember, Tinubunomics 🧏🏾‍♂️
He did it in Lagos, he'll do it in Nigeria, they said.
He developed Lagos, he'll make Nigeria better than dubai, they said.
Give him time, they said.

You guys haven't seen anything yet. Whether you support Peter Obi, Atiku, or Tinubu, everybody go buy jeans 15k.
Food that was 850 at some restaurants, is now 2,000+
Bread of 3h is now 1,200+

When we said it'll touch everyone, it wasn't pessimism. It's reality.
Now ask yourself with all sincerity, was floating the naira that was well praised by his supporters worth it?
The bread did not even maintain its quality at ₦1,200

2 Likes

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by bayelsaowei(m): 6:55am On Dec 08, 2023
Where is that useless Reno to speak to this...

Very useless old man..

8 Likes 1 Share

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by GlocusDan: 6:59am On Dec 08, 2023
This government has failed. From the first step of a man, you will know if he is wise or foolish.
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by PotatoSalad(m): 7:03am On Dec 08, 2023
phr0nesis:

The bread did not even maintain its quality at ₦1,200
I watched a restaurant i used to get food from increase their prices by almost 200 naira every week. Food that was 3500 in october, turned to 5k last week. No change in quality o.
Same ol' food.

3 Likes

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Acidosis(m): 7:07am On Dec 08, 2023
It is well.
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Queengee: 7:08am On Dec 08, 2023
g
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by BreakingNews21: 7:14am On Dec 08, 2023
The Parallel Market is a evil construction of Satan! 🤨 😈
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by ChybuzzDD(m): 7:15am On Dec 08, 2023
Brendaniel:
I was laughing when Tinubu supporters were claiming that with what Tinubu has done the dollar will keep falling and were threatening everyone to start selling their dollars.

I knew Tinubu and his appointees were using cosmetic approach to handle it and it will clean off after a while.

The major FX problem is not based on importation as Tinubu supporters have been made to believe, it mainly lies with corruption perpetrated by the same government and their cronies with a few outside of government.

A thief cannot stop a thief.

T!efnubu is a thief, and unfortunately, he can't stop corruption and stealing in his government.

It'll be a free for all looting, just like during sleepy Buhari's tenure

5 Likes

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Brushstrokes20: 7:17am On Dec 08, 2023
👀👀👀eBOLA is hell bent on sinking the doomed contraption💯

The shyyythole from fry pan to fire 🔥✅
# useless govt of self serving THIEVES AND CHRONIC KLEPTOS! undecided
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by gladdensir(m): 7:20am On Dec 08, 2023
Themanleshey:

My question is how many people can afford to have 1000 naira when 1 naira is equivalent to 1 pounds?

How many people was able to buy a car when it was sold for 1200 naira ?

You just keep shouting dollar this naira that lol una mumu well well .

Y’all better go and hustle hard and forget this dollar ish !

Your mumu no too much?

5 Likes 1 Share

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by AZControversial(m): 7:20am On Dec 08, 2023
cheesy

N2,000 is the goal! We can do it!!!

4 Likes

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Nobody: 7:21am On Dec 08, 2023
Renewed hope grin grin grin.
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Brushstrokes20: 7:25am On Dec 08, 2023
The shyyythole is on a cliff edge!
# eBOLA is all shades of disasters!✅💯
A stitch in time saves nine, 9️⃣
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by appini: 7:25am On Dec 08, 2023
Na japa guys get this December

2 Likes

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Evolutionism: 7:35am On Dec 08, 2023
Useless and Evil people.

Even my Dogs are living comfortably and reason well than most Nigerians.
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by phr0nesis(m): 7:43am On Dec 08, 2023
PotatoSalad:

I watched a restaurant i used to get food from increase their prices by almost 200 naira every week. Food that was 3500 in october, turned to 5k last week. No change in quality o.
Same ol' food.
At least the food remained the same there. What would you about us who witnessed increase in price and a dip in quality. The country is just messed up

1 Like

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Revolva(m): 7:48am On Dec 08, 2023
e do red oo baba tinubu e don red oo fire get red fire get red
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by FireUpNow(m): 7:53am On Dec 08, 2023
What happened to the pegging of $ to #750? The matter don red for Tinubu and his administration. He be dey think say Lagos gra gra style go work for Federal level. We dey observe in HD
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Diligence: 8:06am On Dec 08, 2023
Just few days to go - 31st December 2023! All blames on But/ Emefiele expire!

From 01-Jan-24...any blame or PIM, the real revolution might just ensue!

People want to see either results or resignations!

1 Like

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by nedekid: 8:14am On Dec 08, 2023
IkeIgboNiile:
What does this really mean? Is it that $1 =#1200?
Yes.
Also that Nigerians are getting poorer.
Diminishing purchasing power.
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by iLegendd(m): 8:14am On Dec 08, 2023
No matter how the Naira falls, God will keep us, including you, on the winning side.

We should all try to make money from better currencies and bring them home to develop our surroundings. If Naira doesn't favor you, other currencies should.

4 Likes

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Kukutente23: 8:14am On Dec 08, 2023
VikingKing:
FreeStuffsNG, I'm waiting for you to come and justify this. Come and tell us how your useless principal plans to convince foreigners to invest in Nigeria when the country is on a steady free fall? APC minions, a time will come when people will start to stone some of you. We're almost there.
Really? That's the guy!!
Chai!! Does he even own a pressing iron?
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by nedekid: 8:22am On Dec 08, 2023
ChybuzzDD:


A thief cannot stop a thief.

T!efnubu is a thief, and unfortunately, he can't stop corruption and stealing in his government.

It'll be a free for all looting, just like during sleepy Buhari's tenure
Did you not see the name of the person in the president's entourage? The person said to be his personal confidant, Gilbert chagouri?
Naija has been handed over to guymen, the treasury, central bank, ports, airspace, oil etc.
We took our yams and kept in the custody of goats.

3 Likes

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by ogbonti: 8:22am On Dec 08, 2023
BreakingNews21:
The Parallel Market is a evil construction of Satan! 🤨 😈

when Wike is building VP Shettima house with N15 Billion which he collected and is using that money to buy all available dollar to hide for himself - why wont dollar rise against the naira ? na basic economics - when DEMAND (for dollar) rises, PRICE (exchange rate against naira) rises

Dem don come from Dubai- they have all priced the properties they want to buy - so its time to loot the billions of naira, convert it to dollars and go buy properties in Dubai --- so black market is aware of this move - na him make naira fall because too much naira is chasing fewer dollars!

4 Likes

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by femi4: 8:49am On Dec 08, 2023
IkeIgboNiile:
What does this really mean? Is it that $1 =#1200?
yes from 1400 to 1200.....in few weeks it will now jump to 1450.

Seems naira is doing long jump, cos that the sport where you move back in order to get a better lift

1 Like

Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by BigBlackPreek(m): 8:49am On Dec 08, 2023
This people doesn't even care about all these, it seems irrelevant to them and that's why they won't talk about it until it gets to 5000 to 1dollar
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by Luzo(m): 9:06am On Dec 08, 2023
Abeg who de interested in buying Pi here? E small Sha but I wan hail am.
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by online4business: 9:12am On Dec 08, 2023
Righthussle:
Don't worry our Arrester has arrested dollars Naira will rise again. Just keep paying your tithe. 😄😄😄😄😄


If you're reading my comment, I have a message for you.

MIRACLE HEALING IS FAKE. Don't patronize miracle healers. Go to hospital if you're sick
No difference between drug companies and miracle healers ooo.

The best you can do is eat right exercise and Aviod unhealthy lifestyle.

If you don't do these miracle centre and drug companies go use you caught cruise big time.

Drug companies kill more people like miracle healers.
Re: Naira Falls To ₦‎1,200/$ In Parallel Market, Gains 11% In NAFEM by sukkot: 9:20am On Dec 08, 2023
dangote refinery done start yesterday, dont worry by february naira will be at 500 to 1 dollar

1 Like

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