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Naira Drops To 242.5 Against Dollar - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Drops To 242.5 Against Dollar (17704 Views)

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Re: Naira Drops To 242.5 Against Dollar by priscaoge(f): 5:43pm On Jul 16, 2015
Odimma.....Still expecting them to fulfill their campaign promises embarassed lipsrsealed
Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:43pm On Jul 16, 2015
ChinoJeff:
No comment until I see that change that some clueless Nigerians have been disturbing my neighbourhood with.

God please Bring Back Goodluck to Nigeria. BBGN.
IT IS PARTLY HIS FAULT
Re: Naira Drops To 242.5 Against Dollar by Drgleave: 5:43pm On Jul 16, 2015
Hehehehe, soon it'll be 580.6 Naira to 1 Biafran Dollar.
Re: Naira Drops To 242.5 Against Dollar by STARGREEN(m): 5:44pm On Jul 16, 2015
CHANGE!!!
Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:44pm On Jul 16, 2015
Obijulius:
Buhari is the epitome of Cluelessness.

Only a Dullar_d will support the old fool. A man who promised to stabilise the international price of crude oil.

Nigeria is in its final days.
And you people refuse to blame GEJ and his predecessors....who did not transform our economy....because if they had...we won't be here.
Re: Naira Drops To 242.5 Against Dollar by sorom4: 5:45pm On Jul 16, 2015
Naira fit turn to tissue paper under this administration!
Re: Naira Drops To 242.5 Against Dollar by Neplusultra(f): 5:45pm On Jul 16, 2015
As at yesterday, mallams didn't even have enough dollars to change for people!
Re: Naira Drops To 242.5 Against Dollar by eye2sabi(m): 5:46pm On Jul 16, 2015
Hmmm ok na
Re: Naira Drops To 242.5 Against Dollar by Rastamann: 5:46pm On Jul 16, 2015
Nigeria we hail thee...
Re: Naira Drops To 242.5 Against Dollar by Adminisher: 5:46pm On Jul 16, 2015
illiad:
AND NO ONE IS SCREAMING CLUELESS ANYMORE



NORTH AND SW




TWO PROBLEMS OF NIGERIA
Cluelessness is the cause of this. I am surprised that your support for a clueless man has made you clueless as well. The current government has started spending nothing so it wad the previous government that squandered your children's money importing Palm oil, rice that you don't need and petrol that you should be exporting. When I see thoughtless posts like yours I get tired for Nigeria. Is it an IQ problem or a cowardice problem?

Okay let me try to explain things to you. If you spend all your money today you won't have anything to spend tomorrow so tommorrow always feels the effect of today's mistakes. I hope that is now clear?.
Re: Naira Drops To 242.5 Against Dollar by arabbunkum: 5:47pm On Jul 16, 2015
The country is on an autopilot.
Re: Naira Drops To 242.5 Against Dollar by sunnyuche1(m): 5:47pm On Jul 16, 2015
Now, this is madness!
Re: Naira Drops To 242.5 Against Dollar by thaoriginator: 5:48pm On Jul 16, 2015
Buhari is doing great cleaning up GEJ's smelly mess huh
Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:48pm On Jul 16, 2015
Where is Robert Zimbabwe (Not Mugabe) please?
I suspected a foul-play when he visited the Eagle Square for Buhari's Presidential Inauguration shocked

I foresee a strong competition very soon between the Nigeria currency and that of Zimbabwe....lolz tongue
Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:48pm On Jul 16, 2015
dame16:
I miss jonathan cry cry cry cry cry cry cry
kilokeys:
Hypocrisy at its peak

Shekau slaps civilians and they faint.. They make headline news.. Everybody criticizing GEJ


Boko boys slaughter hundreds in just weeks.. And pple say its d signs of the End time

Buhari.. Chai
If GEJ was still around...the problem would still be happening.

You Jonah slaves forget simple economics....the oil price drop is due to the fact that we are still dependent on oil.

(Something which GEJ's transformation agenda forgot to correct)

Because oil prices have dropped....Nigeria no longer has the forex to buffer the naira..

Hence the fall in the naira.

Your Hero contributed to the issue....by not expediting action on diversifying the economy. By the end of his tenure...we were still oil dependent as we were in the beginning.

You people should stop blaming Buhari. For once....this isn't his fault.
Re: Naira Drops To 242.5 Against Dollar by Adminisher: 5:49pm On Jul 16, 2015
bushdoc9919:
IT IS PARTLY HIS FAULT
It is not partly his fault. It is wholly is fault. You guys go and read your economics books. Anyway the guy is going down. The new government will start releasing details of corruption during his era and an international dragnet will soon be pit in place with the cooperation. When they finish with them if you see governments 1 kobo you won't touch it.
Re: Naira Drops To 242.5 Against Dollar by fkpboss: 5:50pm On Jul 16, 2015
MuRAModu Buhari.....#5000 for unemployed youths, #1 to $1......Since my oga jona couldn't take care of it, who will ?
Re: Naira Drops To 242.5 Against Dollar by kilokeys(m): 5:50pm On Jul 16, 2015
bushdoc9919:
If GEJ was still around...the problem would still be happening.

You Jonah slaves forget simple economics....the oil price drop is due to the fact that we are still dependent on oil.

(Something which GEJ's transformation agenda forgot to correct)

Because oil prices have dropped....Nigeria no longer has the forex to buffer the naira..

Hence the fall in the naira.

Your Hero contributed to the issue....by not expediting action on diversifying the economy. By the end of his tenure...we were still oil dependent as we were in the beginning.

You people should stop blaming Buhari. For once....this isn't his fault.
Fooooooo*coughs*oool

How does this explain the recent mass slaughter by the bh boys.. Wasnt it dwindling before the open-teeth grandfather came in?
Re: Naira Drops To 242.5 Against Dollar by brirold(m): 5:50pm On Jul 16, 2015
This administration has spent 2months now and all we see is tribal appointment/inter party crisis/revenge(Find my certificate that was never there). I just hope something good will come out of all this. I knw pple will blame this on the past administration. I jst hope and pray dat dis administration meet up to 20% of the expectation placed on them by our beloved Nigerians.
Re: Naira Drops To 242.5 Against Dollar by sunnyuche1(m): 5:51pm On Jul 16, 2015
Drgleave:
Hehehehe, soon it'll be 580.6 Naira to 1 Biafran Dollar.
biafra currency is pounds not dollars
Re: Naira Drops To 242.5 Against Dollar by yorke1: 5:51pm On Jul 16, 2015
The mumu President is confused
Re: Naira Drops To 242.5 Against Dollar by Obipat(m): 5:52pm On Jul 16, 2015
Me likey, thank God I'm into exportation. Dollar pls keep rising. I changed 300 dollar and couldn't believe what I got
Re: Naira Drops To 242.5 Against Dollar by JustCalMeDBoss(m): 5:53pm On Jul 16, 2015
America has turn nigeria to its foot stool, I just saw on tv that buhari praises american-iranian deal of iran supplying 300,000 liters of crude oil more hard time for this economy. The president is the true definition of a DUMBFUUCK. Licking the asses of western super powers just to be in their right books. But one question for u guys what happens if Democrats looses the coming election. Cos americans don't like hilary one bit. The equation just got complex.
Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:55pm On Jul 16, 2015
Will buhari be able to make a dollar at par with the 1 naira?Obama will not allow that to happen.
Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:55pm On Jul 16, 2015
kilokeys:
Fooooooo*coughs*oool
Thank you.

How does this explain the recent mass slaughter by the bh boys.. Wasnt it dwindling before the open-teeth grandfather came in?
That is not the subject under discussion....and Boko was still active in the dying days of GEJ's rule.
Re: Naira Drops To 242.5 Against Dollar by 989900: 5:55pm On Jul 16, 2015
This is impoverishment!
Re: Naira Drops To 242.5 Against Dollar by Hakagure: 5:56pm On Jul 16, 2015
Any one who thinks Buhari controls the exchange rate lacks and understanding of Economics and History (not insulting any one o, just trying to be factual), look back to Nigeria between 1981 to 1983 to understand the history, once Buhari left IBB stopped defending the fall of the Naira and implemented SAP in order to get forex via IMF loan, the rest is history, look at the Euro and the Swiss Franc to understand Economics of demand and supply, Euro used to be like 1.3 to a dollar, now its 0.9 to a dollar, has nothing to do with Political leadership.

Naira value is based on demand and supply, Naija no get the forex to defend the naira on the way down. Brace yourselves.... downward pressure on naira is still continuing. With a predominantly import based economy and crude prices still low, we need to hit the sweet spot and I am not sure where that is. I am thinking 243- 253 should bring stability , there will probably be even more import controls, more Aregbesolas not paying salaries, austerity is staring Nigeria in the face.
Re: Naira Drops To 242.5 Against Dollar by GentleFrank(m): 5:56pm On Jul 16, 2015
So bad ...
Re: Naira Drops To 242.5 Against Dollar by gozmok1(m): 5:57pm On Jul 16, 2015
Slow dullardimho in action 1naira =1dollar
Re: Naira Drops To 242.5 Against Dollar by free2ryhme: 5:57pm On Jul 16, 2015
grin
Re: Naira Drops To 242.5 Against Dollar by maximilian19(m): 5:57pm On Jul 16, 2015
dis is an insult to nigeria, wat a mess, n he still dont dont want to learn.


american invo say " is not we ( American), will do for nigeria, but what we (america) will do with nigeria.

and d presi dont wat to learn.


God have mercy on this nation
God bless nigeria
Re: Naira Drops To 242.5 Against Dollar by Unsad(m): 5:58pm On Jul 16, 2015
The naira dey drop. I pray make e no drop out
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