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Naira Falls To Record Low Of N1,515 /$1 At The Black Market - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Falls To Record Low Of N1,515 /$1 At The Black Market (19307 Views)

Naira Hits Record Low Of N1,348.63 /$1 At The Official Market / Naira Hits All-Time Low Of ₦1,152/$1 In Black Market / Naira Falls To All-time Low Of 527 Naira To A Dollar (2) (3) (4)

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Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Chibuezem(m): 7:12pm On Feb 01
Tntsi:
The land of Nigeria was soaked in blood during the reign of pmb due to nepotism , tribalism, sectionalism and all sorts . We saw the dire consequences in the nation.

Nigeria desperately needed a sense of healing , justice , equity and sanity so we could begin to santize the land and come out from the consequences of the blood shed.

Instead of that we are thrown into a group of criminals who hijacked the institutions, alter and remove the ancient landmark of the nation thereby desecrating the land.
And you are expecting life in the nation? You need to go wash your head.

If tinubu and shettima like, let them go sleep on papa Adeboye bed, with marathon fasting and night vigil, it will yield to nothing.

The dearth in the land are the consequences of desecrating the land.
Tinubu , his criminal gang of grab it and run with it politicians, the criminals in the judiciary, inec etc are major cause of the dearth in the land

For the nation to have a hope to revive, the altar desecrated must be repaired.
The desecrators of the land must leave.

Individuals here and there with clean hands, will do good, but as a nation, you are deceiving yourself.

Tinubu and his gang are operating with a cursed mandate. Nothing real can come from it. It will propaganda? empty noises, one step forward and 50 steps backwards.
Until the desecrators of the land are taken away, forget Nigeria.
To be frank, Nigerians have not experienced pain above their tolerance level. They will still vote tribalism, nepotism, partialism come 2027.

9 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by deji17: 7:12pm On Feb 01
It's better than that this evening. N 1,390

1 Like

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by eepeepook: 7:13pm On Feb 01
This thing can happen two to three times in one day? Shocking.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Roger3D(m): 7:14pm On Feb 01
It's all because of Tinubu and his stupid policy to float the Naira. Buhari was totally against such policy and made sure the CBN never tried it when he was president but take a look at what we have now. Utter madness. The naira will become a worthless piece of toilet paper by December under Tinubu. Why did you guys elect this man?

7 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by gaby(m): 7:14pm On Feb 01
pocohantas:


Yes it has dropped it N1380 thereabout.

Good one for all.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by SirLakes: 7:15pm On Feb 01
2,000 where is you

1 Like

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by ybalogs(m): 7:16pm On Feb 01
It is already out of hand. Nah God hand we dey now.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by anungangampu: 7:16pm On Feb 01
Very soon Nigeria will start competing with USA and South Africa in onlyfans

1 Like

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Pastoshizzy(m): 7:18pm On Feb 01
Oga..shun the naira, hug the dollar.
Kapish?
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Kobicove(m): 7:18pm On Feb 01
This news is making me depressed
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by ceejay80s(m): 7:19pm On Feb 01
Pls I am begging, kill us
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Starprince009: 7:19pm On Feb 01
Nairametrics
Home Breaking News
Naira rallies at black market now N1450/$1, official market also gaining
Chris Ugwu by Chris Ugwu 3 hours ago
Naira, Dollar

The exchange rate between the naira and dollar appears to have rallied at the black market trading at around N1450/$1 according to some sources.

Some however quoted at around N1,515 per dollar when we inquired as strong demand on the parallel market, also known as the black market continued to dictate prices and cause disparate pricing.

On cryptocurrency markets where forex is also trade unofficially, it rallied to around N1432/$1 when we checked in the afternoon.

However, Nairametrics also understands the exchange rate rallied to around N1,320/$1 during mid day trading at the official market.

I copied that from the link he idiot posted. He only quoted what suited him, he is one of the bad eggs Nigeria needs to do without because he jumps to all the bad news and share lies in order to artificially increases the price of dollar via speculation.

2 Likes 1 Share

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by ShootThemAll(m): 7:19pm On Feb 01
On your mandate we shall stand, Bola! On your mandate we shall stand, Bola, on your mandate, on your mandate grin... E go reach everybody in that una shithole country with tribal and religious bigots!

3 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by gaby(m): 7:21pm On Feb 01
Throwback:
Let them keep speculating and buying.

What would piss me off is if the Tinubu regime does not have an end game that will make those buying dollars and stocking it up, shed bitter tears of regret in the near term.

Even as a layman, I know series of actions I can take that would make cash dollars start appearing in refuse dumps in Nigeria as they would have become so useless to those stocking it up outside of the banking system, while those who have them in their domiciliary accounts will be offloading them within the approved banking currency exchange the sooner they get foreign remittances only into such accounts.

Thankfully, you aren't anywhere close to being allowed to be a monetary policy formulator.

This your bricklayer idea wey dey your head go turn the dollar to aba made toilet paper at the speed of light.

So, say I am abroad and sending in my foreign remittance, you'd force me to turn it in so you and your cronies can loot it or else you'd make me trash it. Dey play, you here.

I'll keep my FX where I am domiciled. Come take am from my pocket or bank account.

This same archaic mentality is what the ones up there are playing ping pong with that's causing all these madness.

You think economies run on emotions, tribalism, etc?

6 Likes 2 Shares

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Image123(m): 7:21pm On Feb 01
The official rate should please follow suit; let them treat this madness strongly. One day bumper to bumper, the thieves closed market in Abuja and Lagos. SMH

1 Like

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by GreaterFuture(m): 7:22pm On Feb 01
It's back down now??

1 Like

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by sweetTai(m): 7:22pm On Feb 01
This is NOT good! Tinubu is failing badly.

4 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by abah001: 7:22pm On Feb 01
Naira keep falling like fallen breast

1 Like

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by sweetTai(m): 7:23pm On Feb 01
Very soon, Naira will be as worthless as a toilet paper.

2 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by t2luv1: 7:25pm On Feb 01
TruthsFM:
It will soon hit #2k per dollar. Tinubu bad economic policies destroyed Nigeria economy.

Even with all the suffering going on You want to wager that if the election was held today he would still get elected President. His tribal people will still vote for him. To them, it is all about a cult mentality. Blaming the Igbo for all their problems is always their fallback plan.

3 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by MasterShifu010(m): 7:25pm On Feb 01
One apc supporter above said he wishes apc has an end game to punish those hoarding the dollars , he also said he has a layman’s idea on how to make the dollar full every refuse dump , 🤣🤣🤣

1 Like

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by livinbygrace: 7:27pm On Feb 01
Abeg wetin be the work of EFCC ?I dont understand again.A bottle of beer in Benin Republic is been sold at the same price 500 cefa for the past 8 years and all other commodities remains at the same price,and they have no mineral resources,nothing unlike Nigeria with both mineral and human resources but no meaningful impact in the life of masses.
I ask again,what is the work of that good for nothing agency?

4 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by tnerro1(m): 7:28pm On Feb 01
Couldn’t tinubu have done one policy at a time, I mean start with the subsidy removal and then naira float. Why do the two at the same time, is there someone he is trying to show how to govern a country?

4 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by thisisit: 7:28pm On Feb 01
Am writing a bestseller titled....

HOW ETHNO-RELIGIOUS BIGOTS HEADED BY BAT (BUHARI AND TINUBU) DESTROYED NIGERIA...

PLACE YOUR ORDER NOW

3 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Khastro(m): 7:28pm On Feb 01
ISIS things
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Wallade(m): 7:28pm On Feb 01
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Angelfrost(m): 7:30pm On Feb 01
Ogene001:

Tinubu stockpile more than any other person. Be thinking that these people care about your well-being

Don't mind that confused clown...!

He is either blind or daft to know that his President and every top politician are the biggest culprits in this forex crisis.

1 Like

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by dfrost: 7:30pm On Feb 01
gaby:
I thought I read somewhere that it has halted to #1,340.


gaby you sef believe am? Na wa ooh 🤣

1. What are the measures?
2. Aside oil, what do we export?

Just got an info today that the gas from NLNG will be piped for 10 years as the money has been paid upfront. We are in deep shit honestly.

Na insider info be this ooh 😯. I shock 😤🥴

4 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by ogolemati: 7:31pm On Feb 01
grin grin grin grin grin grin grin grin dollar will crash back once the man that spent all his dollar to win election recovers all he spent

2 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by tnerro1(m): 7:32pm On Feb 01
Don’t feel sorry or pity anyone ooo, they are typical Nigerians, they will still vote for him tomorrow if there is an election

1 Like

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Angelfrost(m): 7:32pm On Feb 01
dfrost:


gaby you sef believe am? Na wa ooh 🤣

1. What are the measures?
2. Aside oil, what do we export?

Just got an info today that the gas from NLNG will be piped for 10 years as the money has been paid upfront. We are in deep shit honestly.

Na insider info be this ooh 😯. I shock 😤🥴

Geegpay dropped it's rate from 1500 to 1380 today... He is right.

4 Likes

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by mexxy1(m): 7:32pm On Feb 01
When asked a question, he replied, 'na statistics we go chop?'

Your house is on fire and you're on a 'private visit' somewhere else where you're neither recognised nor were you invited?

Very clueless bunch.

2 Likes

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