Naira Falls To 230, Dollar Supply Dries Up - Business (4)

Naira Falls To 230, Dollar Supply Dries Up - Business (4) - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Falls To 230, Dollar Supply Dries Up (23031 Views)

Re: Naira Falls To 230, Dollar Supply Dries Up by Nobody: 8:49am On Jul 02, 2015

Bollove:
Change is happening and Buhari has forewarned us to brace up for the challenges of next few months in order to have years of enjoyment.

Bad structure need to be demolished to institute a better one ... you don't build good structure over bad foundation.

Naira is not retuning against the value.

Brace ur self for the worse, the Daurd dull.ard will destroy Nigeria.

2 Likes

Re: Naira Falls To 230, Dollar Supply Dries Up by Aristo3146(m): 8:51am On Jul 02, 2015

parallel market is not a basis of ascertaining the value of a currency...OP take note stop misleading people.

Re: Naira Falls To 230, Dollar Supply Dries Up by Nobody: 8:52am On Jul 02, 2015

Mrcdorv:
To all you who are throwing yab on our able president,you need to get tthis. to your head....everyday raising of dollar against dollar is a result of past misappropriate spending and empty of Nigeria treasury bill.Gej,turn Niggeria economy upside down so blame it on him ok.Now is not able the past but the present and the future let join hand together think of final solution and also encourage the present goverment and not the blame blame blame!!!.

And ur still blaming good luck.

hypocrite

3 Likes

Re: Naira Falls To 230, Dollar Supply Dries Up by MyMentor: 9:01am On Jul 02, 2015

# = $, Xpect d change.

Re: Naira Falls To 230, Dollar Supply Dries Up by Nobody: 9:13am On Jul 02, 2015

We decried a man, who held up the dollar steady for the last part of 5 years with the only time naira losing ground to the dollar being from last year 4th quarter, 2014 due to crashing oil markets.

Now in less than 1 month of PMB the naira has lost 16 per cent of its value with a free fall envisaged.
Money forecast indicates the Naira is likely to shed 50 per cent of its value trading at no less than 290-300 to a Dollar before the end of the third quarter of 2015.

Hmmmmmmm.

Please define cluelessness again?

4 Likes

Re: Naira Falls To 230, Dollar Supply Dries Up by 9jatatafo(m): 9:17am On Jul 02, 2015

APC and PMB are learners! We wanted change and here we have change. Waiting patiently for N1/$1. Nigeria is a country that solely depends on oil export and produce nothing. We import virtually everything even to matches and tooth picks. Country running for over a month without ministers. I just pity this country and PMB's administration.

2 Likes

Re: Naira Falls To 230, Dollar Supply Dries Up by inkz: 9:17am On Jul 02, 2015

dusting my passport

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by repogirl(f): 9:18am On Jul 02, 2015

Chei, instead of figuring the best and quickest ways to boost economy, SnAIl Buhari is busy whining, pointing fingers and setting up Probe comittees, and appointing his brothers

First things first, appoint the ministers na, atleast that move might boost the NSE, everywhere is just dry and crumbling, haba!

And Nigerians are gullible fools, hopeless dreamers, I wonder how low we have to hit before Nigerians finally realise the sh'it we are in for?

At this rate, the naira will devalue to N300 to a dollar by this years end and Nigerians will still be saying Buhari will perform. Rubbish!

3 Likes

Re: Naira Falls To 230, Dollar Supply Dries Up by Haywhymido(m): 9:24am On Jul 02, 2015

MKO4ever:
These days we have more touts on nairaland than the intelligent ones, this guy above me belongs to the former

he sure do.

Re: Naira Falls To 230, Dollar Supply Dries Up by owagbeba: 9:27am On Jul 02, 2015

Is there no official channel for an SME to source forex at official 199 rate, other than the Black market?

At 230 for a dollar, cost of import will be high; and this extra cost can't be transferred to consumer. They are squeezed enough already.

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by jogsman01(m): 9:27am On Jul 02, 2015

MKO4ever:
These days we have more touts on nairaland than the intelligent ones, this guy above me belongs to the former

and u see the likes he's got compared to urs

u re the one missing some fact here dude

Re: Naira Falls To 230, Dollar Supply Dries Up by AbuMaryam1(m): 9:33am On Jul 02, 2015

tendernexx:
Is it when we devalue the naira that the economy will grow and lical manufacturers will achieve quality production and efficiency and subsequently compete with the developed world?
I dont think so.

Devaluing of currency has it on role in economy development, do you know why American companies are manufacturing from China? Do you know why America want China to value it currency?

Re: Naira Falls To 230, Dollar Supply Dries Up by chamboy(m): 9:34am On Jul 02, 2015

Gbese Re ooo

Re: Naira Falls To 230, Dollar Supply Dries Up by keandre: 9:45am On Jul 02, 2015

nw 198.9

Re: Naira Falls To 230, Dollar Supply Dries Up by Nobody: 9:52am On Jul 02, 2015

IGBOSON1:
It's like an old fashioned steam train in the night.....out of control, thundering through the eerie darkness and going deeper into the misty fog before it! The train whistle blasts intermittently by unseen ghostly hands, echoing into the night as all the passengers -with their hearts in their mouths- grip the sides of their seats in sheer panic! The news gradually spreads from one carriage to the next that the driver and his coal-shoveling assistant have panicked and gone AWOL, leaving the passengers on their own to deal with the impending doom that lies before them!

Suddenly coming into view in the distance as the train clears the misty fog that enveloped it......the precipice; a sad end to a journey that started off so well!

Bro I like your description. Do you write stories? I would like to read them.

Re: Naira Falls To 230, Dollar Supply Dries Up by maxddude(m): 9:55am On Jul 02, 2015

Get this BRAND NEW LG Washing Machine for 50k instead of 70k.
www.nairaland.com/2421160/brand-new-lg-5k-front
You might never get this easy chance to own a washing again!!!

Re: Naira Falls To 230, Dollar Supply Dries Up by Nobody: 9:59am On Jul 02, 2015

mtchewww 1naira= 1$ my swt ass

Re: Naira Falls To 230, Dollar Supply Dries Up by musicwriter(m): 10:14am On Jul 02, 2015

One of the things the CBN should do to help this situation is start encouraging
more dollar inflows anyhow they can. Example; by allowing Nigerians receive
paypal payments. So far, Nigerians wire millions of dollars per day overseas in
purchases, but we're not allowed to receive. The CBN should get paypal and
the rest of those payment platforms to allow Nigerians receive money as well.
This will certainly help, no matter how little.

CBN stop being dumb!. Get dollar from all sources possible!. You have not exhausted all avenues to get dollar!.

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by Nobody: 10:18am On Jul 02, 2015

buhari, do something!

Re: Naira Falls To 230, Dollar Supply Dries Up by ajepako(f): 10:18am On Jul 02, 2015

Bollove:
Change is happening and Buhari has forewarned us to brace up for the challenges of next few months in order to have years of enjoyment.

Bad structure need to be demolished to institute a better one ... you don't build good structure over bad foundation.

Another blind 'Buharoid' who refuses to behold what is hitting him right on the nose!

Bro! Nigeria is nose-diving...wake up and stop 'saint-fying' Buhari..

He has no power against what is coming..

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by ajepako(f): 10:21am On Jul 02, 2015

loomer:
Who do we run to?

Try 'President Michelle of West germany'

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by ajepako(f): 10:25am On Jul 02, 2015

Ola17:
My eyes don dey clear small small.

GEJ must be laughing his a.ss off on how gullible we were.

I love your honesty bro!

It takes a real man to admit his mistake

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by chesterlee(m): 10:36am On Jul 02, 2015

Why is Buhari reluctant to appoint a Finance minister?

The Economy is worsening by the day.

Maybe he's looting.....

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by IGBOSON1: 10:36am On Jul 02, 2015

Ontarget:
Bro I like your description. Do you write stories? I would like to read them.

^^^Thanks Bros! I just like reading scary novels.....like those of Stephen King!

Re: Naira Falls To 230, Dollar Supply Dries Up by IGBOSON1: 10:40am On Jul 02, 2015

Ricadob:
Feels like an excerpt from a Chinua Achebe Novel

^^^Gracias mi amigo!

Re: Naira Falls To 230, Dollar Supply Dries Up by 989900: 10:45am On Jul 02, 2015*

AbuMaryam1:
Nigerian Economy as its doesn't stressed the need of $1/N 1, we need to grow the Economy and even devalue the naira more and encourage local manufacturers on quality production, efficiency etc. Then we would start competing with the developed world.

Where do you people get this insane idea?

Why don't we just devalue the Naira to N1000 to $1 to "encourage local manufacturers on quality production, efficiency etc. Then we would start competing with the developed world."

Then when MTN asks you to pay N200/min for calls, or PMS sells for N600/litre and we will all "live happily ever after"?

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by eaglechild: 10:47am On Jul 02, 2015

Buhari's first month in office is the WORST ever of any president in the history of Nigeria.

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by 989900: 10:48am On Jul 02, 2015

CBN: N196.xx

Interbank: N212-N21x

Parallel MKT: N230.

#spotthefraud#currencyracketeering

Re: Naira Falls To 230, Dollar Supply Dries Up by MKO4ever(m): 10:48am On Jul 02, 2015

jogsman01:
and u see the likes he's got compared to urs

u re the one missing some fact here dude

Simple!
Isn't that a confirmation that we have more touts around? comment from one tout will attract 'likes' from other fellow like-minded touts

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by eaglechild: 10:49am On Jul 02, 2015

IGBOSON1:
^^^Thanks Bros! I just like reading scary novels.....like those of Stephen King!

You are a Stephen King fan!

I thought as much.

That write up mirrors Stephen King.

Re: Naira Falls To 230, Dollar Supply Dries Up by Femistico(m): 10:51am On Jul 02, 2015

aswear things are nt like dis oo during Gej regime..what's wrong in dis country and dis baba started taking pix up nd down without minister of finance who can handle our economy

#babaonechance pls do something

1 Like

Re: Naira Falls To 230, Dollar Supply Dries Up by erico2k2(m): 10:54am On Jul 02, 2015

AbuMaryam1:
Nigerian Economy as its doesn't stressed the need of $1/N 1, we need to grow the Economy and even devalue the naira more and encourage local manufacturers on quality production, efficiency etc. Then we would start competing with the developed world.

eh devalue what.if I hear am.was this not what the post govt did and we say he was clueless. sad

1 Like

1 2 3 4 5 Reply

Naira Slides To 405/$ Amid Tight Dollar Supply • Naira Gains On Fresh Dollar Supply, Now 390/dollar • Naira Tumbles To 360 As Dollar Supply Dries Up • 2 • 3 • 4

Tony Elumelu Hits The Gym To Keep Fit (Photos) • Naira Extend Gains Against Dollar Across FX Markets • Saloon Or Viewing Centre