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Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Depreciates Barely 48 Hours After It Strengthened Against The Dollar (25542 Views)

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Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by chesterlee(m): 5:57pm On Nov 27, 2015
Buhari has finished us!!



Body language gone wrong...

Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by ucie: 5:58pm On Nov 27, 2015
[quote author=centvin008 post=40462467]The naira on Friday depreciated at the parallel market barely 48 hours after it strengthened against the dollar.

The News Agency of Nigeria (NAN) reports that the naira lost N2 to exchange at N242 to the dollar, as against its previous value of N240.

Meanwhile, the official inter-bank rate remained at N197 to the dollar.

Traders at the market said that in spite of the biweekly sale of forex to Bureaux de Change (BDC’s), the currency of the biggest economy in Africa continued to slide.

They attributed the development to the difficulty encountered by some BDC operators in disposing their forex due to the apex banks regulation on forex sales.

http://thenationonlineng.net/naira-depreciates-at-parallel-market-2/


[Apc we are still waiting for one naira to one dollar]
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by elmisti(m): 5:58pm On Nov 27, 2015
tollytexy:
Bad news for the economy cry cry .. Good news for dem yahoo boys.. where are u opa 6 ? Hehehe grin grin
LMAO!
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Soft10(m): 5:59pm On Nov 27, 2015
ishiamu:
Buhari came to kill, murder and destroy nigeria... angry angry angry
U sure ?
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by biafranqueen: 5:59pm On Nov 27, 2015
How can a leader lead from the sky.
This is the same thing he was doing in the 1980's that made IBB over throw him after putting him in.
Nigerian youths see how they play you for mugu?
Anyway he warned you but you refuse to listen!

Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Nobody: 6:00pm On Nov 27, 2015
what exactly is this Kemi of a woman doing? seems to have gotten worse since she was appointed.We don't have time for a novice manning such a crucial role ,if she is not up to the task, let her be replaced with someone in the mould of NOI.The situation of our economy is just too critical to be left in the hands of a novice
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Bollinger(m): 6:00pm On Nov 27, 2015
bigtt76:
Black Friday tinz naaaaa grin It will depreciate again towards Christmas period
Do you even know what you are talking about? Periods where people spend money is supposed to bolster a country's currency, not depreciate it.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Nicepoker(m): 6:05pm On Nov 27, 2015
Apc youths come and masturbate on this thread.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by odiphri: 6:06pm On Nov 27, 2015
Honestly. I don't understand what buhari is doing

Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Montaque(m): 6:07pm On Nov 27, 2015
It appreciates when the junketer jets in, and depreciates when he jet out, especially to those third world countries
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by carterkelly1(m): 6:09pm On Nov 27, 2015
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by biafranqueen: 6:14pm On Nov 27, 2015
henryutd:
Be patient.
Keep waiting...

Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by passionate88: 6:15pm On Nov 27, 2015
henryutd:
Be patient.
You serious?. Thought the dull.ar.d will hit the ground running
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by bigtt76(f): 6:20pm On Nov 27, 2015
You need to know the number of people shopping online NOT on Konga and Jumia BUT online stores in the US and UK from Nigeria. Most banks have now limited your foreign transaction limit to $1000/month na that go bolster our currency? Na waaa for you o!

Bollinger:
Do you even know what you are talking about? Periods where people spend money is supposed to bolster a country's currency, not depreciate it.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Willydilly(m): 6:21pm On Nov 27, 2015
Nawa ooooooo
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Bollinger(m): 6:26pm On Nov 27, 2015
bigtt76:
You need to know the number of people shopping online NOT on Konga and Jumia BUT online stores in the US and UK from Nigeria. Most banks have now limited your foreign transaction limit to $1000/month na that go bolster our currency? Na waaa for you o!
You know what? you are right. I often forget that Nigeria is always the exception.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Nobody: 6:29pm On Nov 27, 2015
veekid:
Buhari is working!!!
did you read the post? or are you one of Buhari's fans
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Nobody: 6:35pm On Nov 27, 2015
military is busy with boko haram.

OZAOEKPE:
I smell change in the air.....…......... The mad man is in malta flexing, and the economy is in disarray, God please give us military coup.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by magicminister: 6:49pm On Nov 27, 2015
bigtt76:
You need to know the number of people shopping online NOT on Konga and Jumia BUT online stores in the US and UK from Nigeria. Most banks have now limited your foreign transaction limit to $1000/month na that go bolster our currency? Na waaa for you o!
So so true.
They are stifling everything.
My pos transaction limit is 1000 usd and zenith bank charges me 1500N for ever transac.
Its crazy.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by stankezzy: 6:55pm On Nov 27, 2015
I de malta de enjoy , make una no disturb mee oo!!

Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Tedassie(m): 6:58pm On Nov 27, 2015
Our Naira is dying,he needs life support angry
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by bigtt76(f): 6:59pm On Nov 27, 2015
Wao @ the transaction charges shocked Wanted to pay for some servers when I discovered I kept hitting the pay now button but it was not going through. Had to call card services and they were like a limit of $1000 and I was like WTF and you didn't notify me? Its a Zenith thing though because other banks are still advertising the $2000 limit tin grin UBA charged me almost N238 to the dollar online (Zenith was N221). We go see dem finish grin

magicminister:
So so true.
They are stifling everything.
My pos transaction limit is 1000 usd and zenith bank charges me 1500N for ever transac.
Its crazy.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by omooba969(m): 7:03pm On Nov 27, 2015
No one on this thread has suggested ways to improve even their own situation talkless of the present situation in Nigeria but helpless youths complaining & moaning, blaming PMB for their woes.

PMB/APC seems to be the reason for their laziness while the gullible ones run to religious gatherings for breakthrough as if God is a magician; what's happened to hardwork & what's happened to your brains?

Truly, the Nigerian youth is not ready! cool
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by datigbogirl: 7:06pm On Nov 27, 2015
bigtt76:
You need to know the number of people shopping online NOT on Konga and Jumia BUT online stores in the US and UK from Nigeria. Most banks have now limited your foreign transaction limit to $1000/month na that go bolster our currency? Na waaa for you o!
$1000/day? I thought it was $300/day.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by NaijaCuzin: 7:10pm On Nov 27, 2015
cry Naira that was ones worthy(greater) than Dollar
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by seacoast(m): 7:15pm On Nov 27, 2015
Chai baba ... Kai baba ......... Hai baba..
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by bigtt76(f): 7:24pm On Nov 27, 2015
ATM withdrawals outside Naija $300 while online transactions and POS transactions $2000 max undecided

datigbogirl:
$1000/day? I thought it was $300/day.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Malawian(m): 7:25pm On Nov 27, 2015
cool cool

Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by datigbogirl: 7:34pm On Nov 27, 2015
bigtt76:
ATM withdrawals outside Naija $300 while online transactions and POS transactions $2000 max undecided
So which one is $1000/day you're talking about? And how much is d max per month pls.
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by ishiamu(m): 7:39pm On Nov 27, 2015
Soft10:
U sure ?
Yes ooo
Re: Naira Depreciates Barely 48 Hours After It Strengthened Against The Dollar by Nobody: 7:44pm On Nov 27, 2015
BUHARI-A = CHANGE!
CHANGE FROM GOODLUCK TO BADLUCK(APC).
We warned the Yorubas but they didnt listen. Yoruba elders warned their youths, but the wouldnt listed.
Now buhari have Buharize everythin. $1 is now N242. Fuel N300 per liter.
Inshort, everything have collapsed.
APC' SHAME! SHAME' APC!
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