Naira Drops To 242.5 Against Dollar - Business (2) - Nairaland
Nairaland Forum › Nairaland General › Business › Naira Drops To 242.5 Against Dollar (17696 Views)
| 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 ![]() |
| Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:43pm On Jul 16, 2015 |
ChinoJeff: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: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: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 ![]() |
| 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 I foresee a strong competition very soon between the Nigeria currency and that of Zimbabwe....lolz ![]() |
| Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:48pm On Jul 16, 2015 |
dame16: kilokeys: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 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: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: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: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 |
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| 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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