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Naira Trades At ₦1,520 Per Dollar - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Trades At ₦1,520 Per Dollar (25101 Views)

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Re: Naira Trades At ₦1,520 Per Dollar by ernie1234(m): 3:17pm On Jan 31
Irresponsible government

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by Anunakeeh: 3:17pm On Jan 31
GBPUSD:
The second most religious nation on earth. They'd rather keep praying than think of a solution.

So unfortunate you can't choose your country before birth.

Life is not fair.
Re: Naira Trades At ₦1,520 Per Dollar by CockPit: 3:17pm On Jan 31
GBPUSD:
The second most religious nation on earth. They'd rather keep praying than think of a solution.

So unfortunate you can't choose your country before birth.

Life is not fair.

My brother. Religion has done so much damage to the minds and mentalities of the average Nigerian, expecially the womenfolk who love their pastors so much.

Next, they will tell you it is signs of the end time.

8 Likes

Re: Naira Trades At ₦1,520 Per Dollar by Matrix137(m): 3:18pm On Jan 31
GanagiBitrus:
Which Way Nigeria!

Some people who saw everything wrong with $1=₦216,
are now seeing nothing wrong with $1=₦1,500
Lol Nigerian Albert Einstein must also be among cheesy

3 Likes

Re: Naira Trades At ₦1,520 Per Dollar by yewit37486: 3:18pm On Jan 31
Throwback:
Tinubu made it clear that the dollar should trade for whatever value those who are demanding it are willing to pay for it.

The question then is why are Nigerians so concerned about the naira value of the dollar?

The exchange rate is not a value of our local economy.

We were never a bigger economy than the USA when our Naira traded higher to a dollar on the 1960s and 1970s.

The UK is not a bigger economy than the USA despite the exchange rate between the British Pound and the US Dollar.

The government should focus on our local economy and achieving local sustenance, and ignore the exchange rate speculators.

As long as the average Nigerian can get all their needs and have enough left for savings and investments for the future, the exchange rate would be nothing but a number, just as it was when we had a higher exchange rate but a poorer economy compared to the US economy.

Nigerians depend on items majority of which are imported because local production is not economical or viable, so they would naturally be concerned about the exchange rate. Duh.

Seems you've missed the memo. The average Nigerian is struggling with BASIC needs, before we even talk about them meeting all their needs. It's not easy to be a government defender these days, I salute your courage in continuing to do so against all odds. Kontinu. It comes around eventually.

8 Likes

Re: Naira Trades At ₦1,520 Per Dollar by EdiskyHarry: 3:18pm On Jan 31
Throwback:
Tinubu made it clear that the dollar should trade for whatever value those who are demanding it are willing to pay for it.

The question then is why are Nigerians so concerned about the naira value of the dollar?

The exchange rate is not a value of our local economy.

We were never a bigger economy than the USA when our Naira traded higher to a dollar on the 1960s and 1970s.

The UK is not a bigger economy than the USA despite the exchange rate between the British Pound and the US Dollar.

The government should focus on our local economy and achieving local sustenance, and ignore the exchange rate speculators.

As long as the average Nigerian can get all their needs and have enough left for savings and investments for the future, the exchange rate would be nothing but a number, just as it was when we had a higher exchange rate but a poorer economy compared to the US economy.
You are really funny, I wish you understand how this thing works .

6 Likes

Re: Naira Trades At ₦1,520 Per Dollar by Anunakeeh: 3:18pm On Jan 31
MichaelSokoto:
dis is kitchen-fresh shégé banza!

ronu oooo!

grin

grin grin grin

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by DARLINGTON869(m): 3:18pm On Jan 31
Throwback:
Tinubu made it clear that the dollar should trade for whatever value those who are demanding it are willing to pay for it.

The question then is why are Nigerians so concerned about the naira value of the dollar?

The exchange rate is not a value of our local economy.

We were never a bigger economy than the USA when our Naira traded higher to a dollar on the 1960s and 1970s.

The UK is not a bigger economy than the USA despite the exchange rate between the British Pound and the US Dollar.

The government should focus on our local economy and achieving local sustenance, and ignore the exchange rate speculators.

As long as the average Nigerian can get all their needs and have enough left for savings and investments for the future, the exchange rate would be nothing but a number, just as it was when we had a higher exchange rate but a poorer economy compared to the US economy.

I actually don't know what to tell you. I am not a proponent of insulting people. But you horrible analysis all in the name of saving the face of a clueless president says it all. One sachet of pure water as I speak is #30 naira....#30 NAIRA OOO! and you are here spitting this gibberish because he was your choice candidate.

19 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by Sonfethopia: 3:19pm On Jan 31
Ibbawa:
Na problem o that is why I am now selling data because as a salary earner your wages are getting smaller in value every month.

Get your data for 400 for GB. Valid for 30 days. Receive before you pay

Contact is what's app zero, eight, one, two, zero, three, one, one, one, six, five


Which one be recieve before u pay. Dont do that. U better go and open a vtu website where the payment will be done online by itself.

2 Likes

Re: Naira Trades At ₦1,520 Per Dollar by CockPit: 3:19pm On Jan 31
Tareq1105:


Lala trupu, ile lon bo.

I pity those trading in dollars bcuz they would suffer very soon.

Continue the pity ok .

O ma ka loju e!

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by onuman: 3:21pm On Jan 31
Don't worry, the man who built Lagos, Bola Ahmed Tinubu, is in charge - Bayo Onanuga.
One month from now it will be $1=N2000.
Before Tinubu became president, it was $1=N750.
Before Tinubu formed his APC alliance, the rate was $1=N150.

Tinubu's alliance is like THUNDER that struck Nigeria.

5 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by Willie2015: 3:21pm On Jan 31
Throwback:


Why should exchange rate of the dollar cause a rise in the cost of living inside Nigeria?
That is the problem the government needs to address.
Eliminate importation of the commodities we should never be importing, like our fuels.
Are we importing agricultural products?

Exchange rate will affect cost of living in Naija..
Cos we dont produce...
Most machines are procured from overseas....
U need to import tractors ... spraytubes... driptapes...
and other modern farm equipments... from India..china etc
In fact some of our seeds are imported...

15 Likes

Re: Naira Trades At ₦1,520 Per Dollar by IgnobleJay: 3:22pm On Jan 31
Na everybody go chop breakfast

Remax Powerbanks available…

Payment on delivery 🚚 delivery 📦

1 Share

Re: Naira Trades At ₦1,520 Per Dollar by Throwback: 3:23pm On Jan 31
Willie2015:


Exchange rate will affect cost of living in Naija..
Cos we dont produce...
Most machines are procured from overseas....
U need to import tractors ... spraytubes... driptapes...
and other modern farm equipments... from India..china etc
In fact some of our seeds are imported...

Good points.

These are the things any Nigerian government should worry about resolving, apart from increasing the minimum wage to ensure needs can be meet and savings made.

Let the exchange rate take care of itself.

2 Likes

Re: Naira Trades At ₦1,520 Per Dollar by FireUpNow(m): 3:23pm On Jan 31
$1 to #2k loading. Up CSU first class accounting graduate the master strategist 😃😃😄😄😆🤣

2 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by Flier: 3:23pm On Jan 31
Naira should be pegged before its late
Re: Naira Trades At ₦1,520 Per Dollar by CockPit: 3:24pm On Jan 31
yewit37486:


Nigerians depend on items majority of which are imported because local production is not economical or viable, so they would naturally be concerned about the exchange rate. Duh.

Seems you've missed the memo. The average Nigerian is struggling with BASIC needs, before we even talk about them meeting all their needs. It's not easy to be a government defender these days, I salute your courage in continuing to do so against all odds. Kontinu. It comes around eventually.

You dey educate the dullard.

He is asking a brainless question like he did not realize Nigeria is sn import dependent country.

5 Likes

Re: Naira Trades At ₦1,520 Per Dollar by Dougad: 3:25pm On Jan 31
Can we not get these daily updates? Jesus Christ! Una dey put panic for my heart

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by yewit37486: 3:26pm On Jan 31
CockPit:


You dey educate the dullard.

He is asking a brainless question like he did not realize Nigeria is sn import dependent country.

We know them nau, all these paid government agents. I absolutely detest them. Even a phool should know when to keep silent. Well, they will surely reap what they are sowing, so I encourage them to continue.

5 Likes

Re: Naira Trades At ₦1,520 Per Dollar by Bluearrow: 3:27pm On Jan 31
GBPUSD:
The second most religious nation on earth. They'd rather keep praying than think of a solution.

So unfortunate you can't choose your country before birth.

Life is not fair.
The black race would have been inexistent by now.

4 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by LordAdam16: 3:27pm On Jan 31
Throwback:
Tinubu made it clear that the dollar should trade for whatever value those who are demanding it are willing to pay for it.

The question then is why are Nigerians so concerned about the naira value of the dollar?

The exchange rate is not a value of our local economy.

We were never a bigger economy than the USA when our Naira traded higher to a dollar on the 1960s and 1970s.

The UK is not a bigger economy than the USA despite the exchange rate between the British Pound and the US Dollar.

The government should focus on our local economy and achieving local sustenance, and ignore the exchange rate speculators.

As long as the average Nigerian can get all their needs and have enough left for savings and investments for the future, the exchange rate would be nothing but a number, just as it was when we had a higher exchange rate but a poorer economy compared to the US economy.

Omo, Tinubu do this one.

"Exchange rate [is] nothing but a number!"

No b by force to comment.
Swallow your L in peace and quiet. Why misyarn in a misguided attempt to defend an unsalvageable catastrophe?

-Lord

10 Likes 2 Shares

Re: Naira Trades At ₦1,520 Per Dollar by francisbarrack(m): 3:28pm On Jan 31
spy24:
Tinubu and his economic team are failing so far

There failure is too early.
Re: Naira Trades At ₦1,520 Per Dollar by Halastershang(m): 3:29pm On Jan 31
SeeWahala:
Hehehe 😆

Na everyday dollar to naira dey fight gidigbo for our front and in our pockets grin Later them emilokan crooners go dey call us ipob whenever we shout say we warn them but dem no listen.

Now their mama and sisters for lagos streets no fit see food chop again, when them shout their pikin for nairaland go call them ipob too cheesy

I greet them specially with the hailing below wink
This one no be fight, this na flogging

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by bnanny: 3:30pm On Jan 31
cktheluckyman:


what stupid point are you making? You import virtually everything into the country with $ and you say we should not bother about the price of the $?
He's such a du*b boy

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by blueAgent(m): 3:32pm On Jan 31
bnanny:
This man doesn't know how to run government to prospect instead he just run down the little remains he met after Buhari disastrous 8 years of punishing Nigeria.
[b]Black can't rule i[/b]s true but this Apc government are vampires, block suckers pretending to be humans.

Very true.

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by bitbillionaire: 3:34pm On Jan 31
From the way things are going Naira will end up being worse than Zimbabwean Dollar.

I see Naira shooting above N5,000 per dollar before this year ends.

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by blueAgent(m): 3:36pm On Jan 31
Blitzking:
This country is about to be in lock down...to japa is already getting more difficult how many months will it take you to afford japa ticket

I tell u
Re: Naira Trades At ₦1,520 Per Dollar by icankel: 3:38pm On Jan 31
abhosts:
Fighting tooth and nail for power simply for the sake of power.
and the man is chilling somewhere in France hotel. Laughing to us at far

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by frankoben(m): 3:39pm On Jan 31
Nemere2020:


https://gazettengr.com/tinubus-monetary-policy-plunges-naira-to-n1520-per-dollar/

This is annihilation staring we the common and hungry Nigerians in the face. Where will our help come Oh Lord, obviously not from the destructive joy Slayer....El Presidente Emillio Kan a.k.a PBAT.
Re: Naira Trades At ₦1,520 Per Dollar by Heterodox(m): 3:41pm On Jan 31
At a point, no one will care grin
Re: Naira Trades At ₦1,520 Per Dollar by Brushstrokes20: 3:42pm On Jan 31
👀👀👀Dammmmmmmmnnnn it...# fire on the mountain 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
The shyyythole is sinking by the seconds...
I believe only Khaki boys can salvage the precarious situation!
# ENOUGH OF NONSENSE undecided

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