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Naira Falls To Record Low Of N1,515 /$1 At The Black Market - Business (5) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Falls To Record Low Of N1,515 /$1 At The Black Market (21578 Views)

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Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by CockPit(m):
NEIGHBOUR:
Bros, out of the three major candidates, can you pick out any of them that didn't play ethnoreligious card at the last election.?
Non of the present politicians care about the people.
Just eye service. We know their backgrounds.
Bros. We don pass theorizing stages and we are in the ralm of the pratical.

We had APC for the past 8 years who failed woefully. We should not have rewarded them with another mandate.
Now, they know they can get away with non-performance and trample on the masses and still get re-elected.

I am not a party person but Tinubu helpen enthrone Buhari just for the selfish reason of becoming the president and nothing more.

He kept quiet while herdsmen massacred the people and Buhari damaged the country.

I would have vote for anyone thag is not APC or PDP.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by gaby(m): 8:27pm On Feb 01, 2024
Throwback:
It is not a serious economy to have allowed the obvious flaws that sabotage it.

No single economic security is being implemented as far as I am concerned.
Thanks for understanding where I keep driving at even though it is at variance with what you think and believe in about Nigeria and her leaders.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Anatolia: 8:31pm On Feb 01, 2024
ask4bk:
For those wondering wetin concern us with another man currency...
Nigeria produces almost nothing. Most things come from outside and outside deals with dollars. The higher it goes, the costlier the things you'll need to basically survive in the country.

On top of it, your naira income remains stagnant either from your work place or work hustle. If you could sustain your family with 70k monthly when babablu entered, today you'll need 150k.


For the greedy folks happy naira is falling coz they earn in Fx... Just know that even if dollar is 100 naira, you'll still buy your iPhone in naija for N140k. Your dollar will still have its value, but the naira falling will destroy the live of millions of Nigerians who hold a volatile currency like naira. If the naira increases, you with your dollar and the poor man will also have easier life.

Its not about having more naira when you change dollar, but about the purchasing power of the naira.

What do I know?
You all will still say "may the naira fall favour me and my family" when it favours no one.
Supported! Tinubu intentionally chose to destroy the purchasing power of Nigerians by floating the naira. In other words, we committed economic suicide.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Trimjos: 8:39pm On Feb 01, 2024
lwisee:
Just leave them, we are all in it together.
And if they don't wish Nigeria well because they've escaped to the UK,
IT WILL NOT BE WELL WITH THEM.
Fuul. After voting a thief with coconut head and you have starting seeing the consequences, you now know you are in the suffering together.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by millionboi2: 8:39pm On Feb 01, 2024
fuckJones:
The naira has gained about N200/$ within 15 minutes against the Dollar.
As dem dey rush post bad news, make we sef dey rush post good news.
mumu
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by bluefilm: 8:40pm On Feb 01, 2024
Balabluu grin

I stand on his manhood mandate, so I have absolutely nothing to worry about
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by millhouse: 8:43pm On Feb 01, 2024
pocohantas:
Yes it has dropped to N1380 thereabout.
for where ? Still bought @ 1450 today
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Morbeta11(m): 8:46pm On Feb 01, 2024
DatNiggaDaz:
Lift the standing Robinhöod abi na hoodman up grin grin
I no dey hear.....Jagaban built Lagos again😂😂😂😂
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by DatNiggaDaz: 8:47pm On Feb 01, 2024
Morbeta11:
I no dey hear.....Jagaban built Lagos again😂😂😂😂
grin grin
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by DatNiggaDaz: 8:49pm On Feb 01, 2024
spartachico:
Shettima raise ham raise ham
no be small thing o. Dem don tire grin grin

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by naturefellow(m):
Hope y'all are buying $$$ for N150. Oh, no! You don't have need for dollar undecided

CoronaVirusPro Helinues Madridguy Templarlandry Duro4chang LegendHero LeoDeKing Okoroawusa yarimo N3TRAL freestuffsng seunmsg moh247 ThatFairGuy1 denreledave Raskimonojendor silvernorgold mannabbqgreels = nlpolicewoman
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Smartguyboy(m): 9:01pm On Feb 01, 2024
Why can’t they swallow their pride and copy Peter Obi slogans “ From consumption to production
If you can’t produce anything it will keep getting worse. Just regret not buying $ with the money I fixed deposit.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by fastanddubious(m): 9:05pm On Feb 01, 2024
lwisee:
Just leave them, we are all in it together.
And if they don't wish Nigeria well because they've escaped to the UK,
IT WILL NOT BE WELL WITH THEM.
Stop all these wish nonsense. Was it their wish that made our currency so weak?
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Nobody: 9:07pm On Feb 01, 2024
So 2k usd is 3M naira now 😆
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by TruthsFM: 9:08pm On Feb 01, 2024
t2luv1:
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.
the bittered truths here’s that Tinubu will used 8 years and the same people lamenting will stay under the sun and rain to cast their votes for him in 2027.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by TruthsFM: 9:09pm On Feb 01, 2024
Jemex003:
Zombie that’s the news you all wanted everyday. Dollar dollar dollar!!!!!! Did you see Asian countries cry about Dollar or Euro?
it will soon reach 2k per dollar now. Keep your propaganda to yourself joor
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Thazard(m): 9:16pm On Feb 01, 2024
DatNiggaDaz:
Lift the standing Robinhöod abi na hoodman up grin grin
grin grin grin
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Slimdan360: 9:18pm On Feb 01, 2024
Angelfrost:
Geegpay dropped it's rate from 1500 to 1380 today... He is right.
But that geepay be like thief. They are buying for 1385 but selling for 1550. Na only their rate drop below 1400
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Ishilove: 9:26pm On Feb 01, 2024
Jimafe31:
Renewed shege banza grin grin grin grin

Where is vulture griller, Helinues and other Homo Erectuses promoting the cocaine sniffing criminal as president
They have gone silent
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Theoarhics: 9:27pm On Feb 01, 2024
A dollar will be 5,000 naira by middle of the year with the way things are going.
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by allison3154(m): 9:28pm On Feb 01, 2024
Baba said he will start running and now dollar is running faster than baba
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by dfrost: 9:32pm On Feb 01, 2024
Angelfrost:
Geegpay dropped it's rate from 1500 to 1380 today... He is right.
Angelfrost Geepay no dey streets.

Let's discuss. we pay up what we are owing with the current fx circulating, after that what next?

We have taken loan on our crude and gas already
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by dfrost: 9:37pm On Feb 01, 2024
lastkingsman:
Oil revenue has been mortgaged oh, it's finished
People still don't get it. Oil sector is gone for now (at least for ten years, or tenured as per agreement).
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by dfrost: 9:48pm On Feb 01, 2024
lwisee:
We are our own problem, here is the true value of Naira this evening.
Speculators will grand Nigerian Economy soon.
Chief there's no speculators doing anything. Fx will keep winning against the naira.

Na simple economics be that.

Vehicle? Imported
Plastic raw material? Imported
Toothpicks? Importers
Spare parts? Imported
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by shortIGBOman: 10:12pm On Feb 01, 2024
Wallade:
They can keep it in the house.
That's what they are doing. Una go wail tire grin grin
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by ufuosman(m): 10:19pm On Feb 01, 2024
🥹🥹🥹
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by ablejesus26(m): 10:27pm On Feb 01, 2024
This is not surprising.

Buhari saw why He said Nigerians will miss him.

What a disappointment.

Sack that one thats suppose to be doing I T as alajo claiming CBN chairman.

Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Alleyezonme: 10:34pm On Feb 01, 2024
Dollar no gree for anybody
Renewed hope of #2000
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by spartachico(m): 10:41pm On Feb 01, 2024
My brother even cruises and jokes aren't funny anymore these days,may God help us all
DatNiggaDaz:
no be small thing o. Dem don tire grin grin
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Nlandmodesfku: 10:43pm On Feb 01, 2024
Woe unto Tinubu and his gang of thieves for they brought hardship upon the people
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Etimemy: 10:44pm On Feb 01, 2024
Shame on those that are supported Tinubu
Re: Naira Falls To Record Low Of N1,515 /$1 At The Black Market by Jaycee07: 10:44pm On Feb 01, 2024
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.
Talk is cheap!
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