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Nairaland Forum / Nairaland / General / Business / US$1 Now Exchanges for N241: Where Is Buhari? (24887 Views)
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Re: US$1 Now Exchanges for N241: Where Is Buhari? by estyvino(m): 8:41am On Jul 14, 2015 |
texazzpete: For ur sake! Condom should be made free 5 Likes 2 Shares |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by ndividual: 8:41am On Jul 14, 2015 |
So the question is, for someone who has savings in the bank, isn't now the time to convert to dollars until this thing stabilizes? 1 Like |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Olufemiolaolu(m): 8:44am On Jul 14, 2015 |
korel9:Small boy mentality. U dey abusw ur grandfather mate. |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Vado(m): 8:50am On Jul 14, 2015 |
biafranqueen: You are right. We can only hope things turn around and get better. This govt should put together an economic team already sef. 1 Like |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Frankiss44(m): 8:52am On Jul 14, 2015 |
omogin: FAINTS |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Chigold101(m): 8:57am On Jul 14, 2015 |
StOla:keep crying... dont get to work... |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by feedburner(m): 9:00am On Jul 14, 2015 |
stop trading blames and accept that the zoological republic is a failed state. why is dat if u ask people to comment on Nigeria (abominable zoo) issue then end it with this phrase '....but in Nigeria, the reverse is the case.'? A failed state. |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Nobody: 9:06am On Jul 14, 2015 |
Leave Buhari out if it, not his fault. Nigeria is far too dependent on oil, and oil prices are on a steady decline. |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Nobody: 9:07am On Jul 14, 2015 |
feedburner: Nnamdi Kanu, how is the weather in London ? |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by feedburner(m): 9:09am On Jul 14, 2015 |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by PAINGAIN: 9:10am On Jul 14, 2015 |
People keep saying nigeria does not export but we keep forgetting that to export u have to produce/manufacture first. What has any govt done to support aba traders dat manufacture aba made goods? Has d govt made it compulsory that every state government should have atleast 60/70% of innoson made cars at all times? What about nnewi auto parts? I believe that igbos hold d key to our economy and every govt should encourage/support them bcus only d igbos can make nigeria to compete with china when it comes to exports. Since we have neglected all d natural resources in our land I think this is d way to go. |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by RapLawd(m): 9:18am On Jul 14, 2015 |
worksmart: Oga, why do you always mention me please Modifiermodified: Soryy, Na now I understands... Erm... If he like, make whatever that follow take place ASAP, Nigeria is a failed nation that was built on injustice... Ever wondered why every administration or any president Nigeria ever had is always struggling to keep Nigeria one? It's because it has never been, not is and will never be one... the high time we understand and accepts our differences the better for us all as we will part ways in a friendly manner... Nigeria has expired!! |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by GreatHorizon: 9:29am On Jul 14, 2015 |
Vado: Story! Which bank card charges that? |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by peeparty(m): 9:38am On Jul 14, 2015 |
worksmart: my brother this one chance wey we enter nobi here oo |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by EmekaBlue(m): 9:38am On Jul 14, 2015 |
what do u xpect frm an illeterate heading a whole country this challenging current times...Very soon he wil appoint dullardos frm north then destroy the naira finally |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Nobody: 9:40am On Jul 14, 2015 |
nwaenugu: Even further, with Iran nuclear deal about to be sealed, millions of barrels held down by Iran would flood the market. Not sure if APC is aware of the impending oil glut |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by tirith(m): 9:44am On Jul 14, 2015 |
Things just keep getting worse |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Safari29: 9:46am On Jul 14, 2015 |
Pls If I Buy Smt Online In Dolar How Much Will I Be Charged To A Dolar In Naira |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by amanze15(m): 9:55am On Jul 14, 2015 |
Xetima:and u are sudanese abi?! |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Krasid(m): 10:16am On Jul 14, 2015 |
dyabman:He should do something.He is the President. |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by dagr8(m): 10:30am On Jul 14, 2015 |
Take note of the emboldened part in the article below.It is different from official price urshawmoore:The naira hit another record low of 241 against the dollar at the parallel market on Monday as the Central Bank of Nigeria’s restrictions on foreign exchange sale fuelled unofficial trade in dollars, Reuters reported. The ban on importers from accessing the Nigerian foreign exchange markets for the importation of 41 items had led to the volatility of the naira-dollar exchange rate at the black market. Since June 23 when the new forex rule became operational, the naira has fallen by 10.5 per cent from 218 to 241 against the greenback. Foreign exchange dealers said the artificial scarcity of the United States currency still pervaded the market. The new forex rule had led to huge demand at the parallel market, causing dealers to hoard the dollar in anticipation of further fall in the naira Economic analysts had said the CBN needed to devalue the naira to allow the local currency achieve an equilibrium price against the dollar. The central bank had however said it would not be focusing on the thinly-traded parallel market when determining the exchange rate, adding that people preferred to use the unofficial market for undocumented transactions. Foreign investors had been on the sideline, waiting for the CBN to devalue the naira before investing in naira-denominated assets. Local and foreign analysts had predicted that the naira might hit 250 against the dollar at the parallel market any time soon if the artificial scarcity trend continued. The central bank appears to be in a fix as the spread between the official and parallel market continues to widen by the day. Meanwhile, stocks fell to a more than three-month low and the naira on Monday, Reuters reported. The local bourse, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, dropped for the ninth consecutive day as investors shed banking, consumer and oil shares. |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Nobody: 10:31am On Jul 14, 2015 |
StOla: How much was a Naira to a Dollar when NOI handed over? Was it N241? Stop being silly |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by kraftykc(m): 10:39am On Jul 14, 2015 |
betty202020: Bros, in February due to the oil slump and constant mismanagement the naira was forecasted to end at 267 against the dollar. After every bit of magic, even if oil goes back to 150 dollars per barrel next month, naira go still fall more. Thank GEJ, this is his legacy. |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Vado(m): 10:42am On Jul 14, 2015 |
GreatHorizon: Direct charges via PayPal. |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by applord: 10:48am On Jul 14, 2015 |
texazzpete: With this level of reasoning, you must be one of the presidential cows that belong to the duaara dullard 3 Likes |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by worksmart(m): 10:57am On Jul 14, 2015 |
Nigeria is only failing because the neo-colonialist imperialists countries like America is constantly destabilizing Nigeria by removing all competent leaders that ever emerged. RapLawd: |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by talkwithlola: 10:59am On Jul 14, 2015 |
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Re: US$1 Now Exchanges for N241: Where Is Buhari? by OlusoGreat(m): 11:03am On Jul 14, 2015 |
I love Nigerians .. They never disappoint me Always in a haste Which goat accelerates without first moving back? Which gold glisters without going through hell fire? Its our own time to endure .... Please be patient |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Tex42(m): 11:07am On Jul 14, 2015 |
omogin:Kai! Nigerians get bad mouth o! |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Nobody: 11:10am On Jul 14, 2015 |
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Re: US$1 Now Exchanges for N241: Where Is Buhari? by Sagamite(m): 11:13am On Jul 14, 2015 |
[size=18pt]FRESH AIR!!![/size]] GEJ till 2059! We want a cretin in Aso Rock. 1 Like |
Re: US$1 Now Exchanges for N241: Where Is Buhari? by Tex42(m): 11:18am On Jul 14, 2015 |
Hmmm! A $ =N241?! I think we should just go back to using cawries as a legal tender. Eheeh! What of trade by barter? 1 Like |
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