Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,166,098 members, 7,863,851 topics. Date: Tuesday, 18 June 2024 at 07:49 AM

Naira Situation Worsens, Falls To N270/$ - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Situation Worsens, Falls To N270/$ (30323 Views)

Naira Falls As Dollar Scarcity Worsens / Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira "Strenghtens" To N270/Dollar At Parallel Market (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)

Re: Naira Situation Worsens, Falls To N270/$ by ShowYourCertificate: 6:42pm On Dec 17, 2015
experimentist:
You dey all these Ekpa people dem?!

Their chicken brain no gree reason say Jonathan and his PDP goons don F up the economy already. Na God save us, dollar for don reach #500 if not for Sai Baba..

Ope o!
Yimu. If Jonathan were in power the naira will improve against the dollar. It's always like that under the PDP government. The dollar might rise during election period but after elections, the naira bounces back. Unfortunately that's no longer the case as our dullard president seems clueless.

10 Likes 2 Shares

Re: Naira Situation Worsens, Falls To N270/$ by akigbemaru: 6:42pm On Dec 17, 2015
dollar against naira
Re: Naira Situation Worsens, Falls To N270/$ by hexy40: 6:44pm On Dec 17, 2015
ikechukwu354:


will u shut up my friend

Sorry sir, if you read peoples comment you will find out that what I said was true and they have started blaming it on jona already. Why E pain you like this wey u dey tell person shut up for social media, all these buhari followers na dictators sha

3 Likes

Re: Naira Situation Worsens, Falls To N270/$ by godoluwa(m): 6:44pm On Dec 17, 2015
SAI BARBER!!!
cc 2pointsonly
walahi,

1 Like

Re: Naira Situation Worsens, Falls To N270/$ by juman(m): 6:45pm On Dec 17, 2015
They are handling the economy in a panicky way.

But if the oil price linger at these low prices for very long time what will the apc do?

The economy would just collapse.

2 Likes

Re: Naira Situation Worsens, Falls To N270/$ by Goldencollins: 6:47pm On Dec 17, 2015
MadCow1:
Thanks to Jonathan and Dasuki



When Oil Prices were at 120 USD per barrel, Jonathan & Pay-Pay in collaboration with Dasuki, Jim Nwobodo, Bafarawa, Odili and cohorts were busy sharing our money like 'WHOT'. angry

Now wey Oil Price na 32 USD per Barrel, wetin una expect.




I believe that BUHARI is a right man for Nigeria now, but it seems like we waited 6 years too late to elect him. angry


Just imagine if Jonathan had won the last election, Dasuki and co would be chilling somewhere enjoying their loot and even planning on looting more and we Nigerians would have been ignorant and oblivious to it.



#GodPunishPDP.. angry

just like your name says.......

6 Likes 1 Share

Re: Naira Situation Worsens, Falls To N270/$ by ifyalways(f): 6:50pm On Dec 17, 2015
Next year's gonna be tough, fasten your seat belts fellas.

7 Likes 1 Share

Re: Naira Situation Worsens, Falls To N270/$ by appini: 6:50pm On Dec 17, 2015
ShowYourCertificate:
But APC said they are going to revamp our economy. They said a litre of fuel will be sold for N40 and the price of the naira against the dollar will improve. So are you implying the APC don't know anything about economics before making such promises?

Let that hypocrite dey deceive himself.Buhari is synonymous to failure

7 Likes

Re: Naira Situation Worsens, Falls To N270/$ by anonimi: 6:54pm On Dec 17, 2015
ShowYourCertificate:
But APC said they are going to revamp our economy. They said a litre of fuel will be sold for N40 and the price of the naira against the dollar will improve. So are you implying the APC don't know anything about economics before making such promises?



www.nairaland.com/attachments/2236329_fbimg1426964019374_jpegf0426a8233bbbeb8b2d08838e693f36e



www.nairaland.com/attachments/2237434_fbimg1427059348560_jpeg09666d80956d9202db07f66f939bdb38



www.nairaland.com/attachments/2241285_apc20val_jpegd8974d69b37695e4b5dcc89fbc62a3e2

2 Likes 1 Share

Re: Naira Situation Worsens, Falls To N270/$ by SeverusSnape(m): 6:55pm On Dec 17, 2015
hexy40:
It's jonathan's fault! It's the fault of the past administration. Although I can't yet figure out how jona caused it but am sure A.P.C supporters will manage to link it to him some how
Cc: PassingShot modath and omenka and other zombies

6 Likes 2 Shares

Re: Naira Situation Worsens, Falls To N270/$ by buchilino(m): 6:57pm On Dec 17, 2015
Warlord3000:
Haa shocked

It's expected sha...

The storm before the still waters...

E go beta wink

E GO BETA, I THINK D I FIRST TIME HEARD DAT STATEMENT WAS IN 1980. 35 YRS LATER E STILL GO BETA. WEN WILL IT EVA GET BETA.

5 Likes

Re: Naira Situation Worsens, Falls To N270/$ by experimentist: 6:58pm On Dec 17, 2015
ichommy:
Common sense U no get grin i dey joke ni o.
you better be joking. or are you one of the Ekpa dudes
Re: Naira Situation Worsens, Falls To N270/$ by olutunde12(m): 7:00pm On Dec 17, 2015
Teejava:
Terrible shii.
How i go pay my canada school fees now?


I dont know if that was a joke. Mine is not that funny! I can no longer cope with my school fees and my course....... I dont know, I just hope God helps me. Will somebody tell your presidull that Nigeria Nd Nigerians are crying?

1 Like

Re: Naira Situation Worsens, Falls To N270/$ by ShowYourCertificate: 7:00pm On Dec 17, 2015
anonimi:




www.nairaland.com/attachments/2236329_fbimg1426964019374_jpegf0426a8233bbbeb8b2d08838e693f36e



www.nairaland.com/attachments/2237434_fbimg1427059348560_jpeg09666d80956d9202db07f66f939bdb38



www.nairaland.com/attachments/2241285_apc20val_jpegd8974d69b37695e4b5dcc89fbc62a3e2
You are really exposing these APC guys grin

10 Likes 2 Shares

Re: Naira Situation Worsens, Falls To N270/$ by experimentist: 7:01pm On Dec 17, 2015
ShowYourCertificate:
Yimu. If Jonathan were in power the naira will improve against the dollar. It's always like that under the PDP government. The dollar might rise during election period but after elections, the naira bounces back. Unfortunately that's no longer the case as our dullard president seems clueless.
mstchw! just wait and see how things unfold for.the better

Sai Baba! Change!

1 Like

Re: Naira Situation Worsens, Falls To N270/$ by Nobody: 7:01pm On Dec 17, 2015
godoluwa:
SAI BARBER!!!
cc 2pointsonly
walahi,
S.O.S
Re: Naira Situation Worsens, Falls To N270/$ by falseman(m): 7:03pm On Dec 17, 2015
endtimesblog:
shocked shocked shocked shocked shocked shocked


Nigerian blogger wey get adsense go be like.. make december 22 reach ooooooooooo



Omo see money shocked shocked shocked

You are wrong. The official exhange rate is still about N197 to a dollar which is still bad news to those exporting or receiving payments through banks. As long as you don't get physical dollar to exchange in black market this is no good news
Re: Naira Situation Worsens, Falls To N270/$ by godoluwa(m): 7:04pm On Dec 17, 2015
2pointsonly:
S.O.S
lmao

1 Like

Re: Naira Situation Worsens, Falls To N270/$ by ShowYourCertificate: 7:06pm On Dec 17, 2015
experimentist:
mstchw! just wait and see how things unfold for.the better

Sai Baba! Change!
Okay o, we are still waiting. Remember 7 months has passed o grin
Re: Naira Situation Worsens, Falls To N270/$ by buchilino(m): 7:07pm On Dec 17, 2015
OH GOD HAVE MERCY. 2016 WILL BE D LONGEST YEAR IN D HISTORY OF SO MANY NIGERIANS. N 2 MAKE MATTERS WORST, PMB LED GOVT PLANNING 2 REMOVE SUBSIDY IN 2016. ITS GOING 2 GET UGLY.
Re: Naira Situation Worsens, Falls To N270/$ by prinxel(m): 7:07pm On Dec 17, 2015
Some1 in d hux helepu me shout am 4 shange....Sai baba u r working, I'm waiting till #1000/$1 b4 I ask u of d change wen u promise us....Ewu, u think say na cows u dey lead abi?
Re: Naira Situation Worsens, Falls To N270/$ by Rexyl(m): 7:10pm On Dec 17, 2015
lanrei:
But exchange rate is still $1=N199 some banks will even do #195, especially Skye bank

Are you sure? Don't you know the banks too are taking the advantage of falling naira, competing with black markets for maximum profits.

Most banks exchange rate starts from 245/$ on daily basis

This country's economy is collapsing, thus in serious need of redemption. Seems like all sectors are in disarray!

3 Likes 1 Share

Re: Naira Situation Worsens, Falls To N270/$ by ikkkkk: 7:10pm On Dec 17, 2015
experimentist:
mstchw! just wait and see how things unfold for.the better

Sai Baba! Change!

Keep experimenting by dear experimentist. But not with Nigeria's economy

1 Like

Re: Naira Situation Worsens, Falls To N270/$ by falseman(m): 7:11pm On Dec 17, 2015
12inches1:
that is black market rate (middle market). Stop passing wrong info. From CBN it's still under 200 naira to a dollar

This is no wrong info. CBN is actually making money from this official exchange rate. Instead of 270 bank will exchange at 196 which mean you lose about N74. They can as well decide to make it N100 to a dollar as official rate which means more suffering

1 Like 1 Share

Re: Naira Situation Worsens, Falls To N270/$ by donodion(m): 7:12pm On Dec 17, 2015
In all of this
..I wait to patiently see if the Nigerian Legislators WILL or Will NOT agree to salary as and allowance cut.

Gradually we are getting there...by force by thunder.
Re: Naira Situation Worsens, Falls To N270/$ by onac16: 7:12pm On Dec 17, 2015
the wind of change is blowing

1 Like

Re: Naira Situation Worsens, Falls To N270/$ by Ymodulus: 7:14pm On Dec 17, 2015
This news is wrong the dollar is now N284 / $1 thus evening.

It was N270 this morning.

2 Likes

Re: Naira Situation Worsens, Falls To N270/$ by ernieboy(m): 7:16pm On Dec 17, 2015
ShowYourCertificate:
Yimu. If Jonathan were in power the naira will improve against the dollar. It's always like that under the PDP government. The dollar might rise during election period but after elections, the naira bounces back. Unfortunately that's no longer the case as our dullard president seems clueless.
How will Jonathan increase the price of crude oil in the international market or don't you know that the fall of the naira is mainly due to the fall of oil price?
Re: Naira Situation Worsens, Falls To N270/$ by Easy023(m): 7:17pm On Dec 17, 2015
270N to 1D. God let thy Kingdom come.
Re: Naira Situation Worsens, Falls To N270/$ by msogunro: 7:18pm On Dec 17, 2015
It is #284 on the BLACK MARKET.

I still get #199 at banks.

Re: Naira Situation Worsens, Falls To N270/$ by Nobody: 7:19pm On Dec 17, 2015
MadCowost=41096139:
Thanks to Jonathan and Dasuki



When Oil Prices were at 120 USD per barrel, Jonathan & Pay-Pay in collaboration with Dasuki, Jim Nwobodo, Bafarawa, Odili and cohorts were busy sharing our money like 'WHOT'. angry

Now wey Oil Price na 32 USD per Barrel, wetin una expect.



You must ashamed of yourself.

So the problem of Nigeria is 2.1billion dollars (assuming the propaganda to be true)


Obj took over after Abacha plundered the country and what did obj do? Point fingers at Abacha?


Did you guys not know that gen did much harm to this company, oh sorry country? Was it not what you guys were shouting then?

Now your master want to increase PMS pump price to N97 with crude less than $35 in the international market.








I believe that BUHARI is a right man for Nigeria now, but it seems like we waited 6 years too late to elect him. angry


Just imagine if Jonathan had won the last election, Dasuki and co would be chilling somewhere enjoying their loot and even planning on looting more and we Nigerians would have been ignorant and oblivious to it.



#GodPunishPDP.. angry

Re: Naira Situation Worsens, Falls To N270/$ by sage2(m): 7:19pm On Dec 17, 2015
Who fails exams in a forged result?

(1) (2) (3) (4) (5) (6) (7) (8) (Reply)

FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives / How To Withdraw From Payza / POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 40
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.