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Nairaland Forum / Nairaland / General / Business / Naira Falls To N370 Per Dollar (37600 Views)
Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira Falls Against US Dollar / Naira Falls To 325 On Dollar Shortage -punch (2) (3) (4)
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Re: Naira Falls To N370 Per Dollar by playtheblues(f): 1:04pm On Feb 18, 2016 |
Please borrow some megabytes and type more. Please. Please. adipemcanis1: |
Re: Naira Falls To N370 Per Dollar by Stevebamdex(m): 1:04pm On Feb 18, 2016 |
mrlaw93: Comakoletit |
Re: Naira Falls To N370 Per Dollar by Nobody: 1:04pm On Feb 18, 2016 |
LordAdam: 1£ to 505? Is it SR, GTI or STI |
Re: Naira Falls To N370 Per Dollar by OneManLegion(m): 1:04pm On Feb 18, 2016 |
godoluwa: What is the right step? |
Re: Naira Falls To N370 Per Dollar by ajebuter(f): 1:05pm On Feb 18, 2016 |
Plus234: Bros, beer is a luxury Just mention bottle water and sachet water Bottle water: N60 Pure water: N10 Sai Chanji...... |
Re: Naira Falls To N370 Per Dollar by Kjking(m): 1:06pm On Feb 18, 2016 |
Ask4bigneyo:I've you on ma facebook |
Re: Naira Falls To N370 Per Dollar by elohorayodele: 1:08pm On Feb 18, 2016 |
LordAdam: is £ really 500? |
Re: Naira Falls To N370 Per Dollar by udatso: 1:09pm On Feb 18, 2016 |
vigasimple:Tell me another joke |
Re: Naira Falls To N370 Per Dollar by LordAdam: 1:11pm On Feb 18, 2016 |
jusRadical: elohorayodele: If you read the link I provided, you would not ask this question. Here is the link again -- https://www.naij.com/734705-naira-depreciates-drastically-black-market-see-new-rate.html This is the quote of interest. "The currency also depreciated against the British pound to N505 per pound on the black market." -Lord |
Re: Naira Falls To N370 Per Dollar by Nobody: 1:13pm On Feb 18, 2016 |
playtheblues: Well, if you understood my posts properly, you would see that I am not into critiquing the government....even though they do have problems...rather...I am into critiquing the way our economy has functioned. When we got independence....our economy was based on selling raw materials to Western countries. The idea then was that this would be temporary.....eventually we would industrialse. And we were making great strides in the 1970's.The problem was that in 1973...oil prcies went up to really high levels....and thus...we became oil dependent. In my opinion, this government needs to free us from oil.Sorry....I meant to free us from raw materials dependency. We need to become a producer nation like China, and Japan....using our raw materials as the basis of a new industrial revolution. That should be the PMB blueprint. And the blueprint of every subsequent government. Thank you for your extra megabytes. http://www.nytimes.com/2012/03/11/opinion/sunday/friedman-pass-the-books-hold-the-oil.html?_r=0 |
Re: Naira Falls To N370 Per Dollar by 9jatatafo(m): 1:14pm On Feb 18, 2016 |
Terrible |
Re: Naira Falls To N370 Per Dollar by Nobody: 1:15pm On Feb 18, 2016 |
iAmCharis:I don't really know how that PayPal works sef, one day amma ask for orientation on it. It was about 197. I paid the Naira into his GTB account, they would pay him @ the prevailing bank rate. The guy just withdraw the money immediately, before e go loose value. |
Re: Naira Falls To N370 Per Dollar by maleeks(m): 1:15pm On Feb 18, 2016 |
ronald4lif: Thank you, but WU and Moneygramm dont disburse foreign currency anymore |
Re: Naira Falls To N370 Per Dollar by ronald4lif(m): 1:15pm On Feb 18, 2016 |
ajebuter: PMB is not responsible for squeezing forex, fall in oil prices is and the economy would not have been different were GEJ still in power. GEJites should give us a break. The man was a big time disaster. 1 Like |
Re: Naira Falls To N370 Per Dollar by ronald4lif(m): 1:22pm On Feb 18, 2016 |
maleeks: Oh I see. How do you intend to reimburse the money back to the sender. Through WU or his Nigerian bank account? I think he should consider and receive the payment in same bank rates and it would be better you deposit the money in his local account coz WU or MG transaction charges will cost too much for you. There really has to be a consideration on his part. |
Re: Naira Falls To N370 Per Dollar by buddylawson: 1:22pm On Feb 18, 2016 |
God pls save us |
Re: Naira Falls To N370 Per Dollar by grandstar(m): 1:24pm On Feb 18, 2016 |
adipemcanis1: GEJ would have done a much better job. Buhari, from day 1 has refused to allow the naira to depreciate. With export earnings collapsing , this is the economic equivalent of defying gravity. Sanusi,Soludo and now Utomi have all condemned Buharinomics! 1 Like |
Re: Naira Falls To N370 Per Dollar by Fulaboy(m): 1:24pm On Feb 18, 2016 |
MuhdG:Nipa na pasa boko bro zan biyoma kawai mu koma gida |
Re: Naira Falls To N370 Per Dollar by Nobody: 1:29pm On Feb 18, 2016 |
Kachisbarbie:197? Babe check that thing well or kukuma give me the branch address. |
Re: Naira Falls To N370 Per Dollar by Nobody: 1:31pm On Feb 18, 2016 |
grandstar: GEJ would have still done the same thing...restrict dollars,and enforce TSA. (Keep in mind that TSA and emefiele were both GEJ ideas......). The problem is that we do not have enough dollars....because oil prices have fallen. Unless you have a better idea....we have to accept the fact that our economy is oil-linked....and we have to break the link. Which is why pmb Has to do more than sing diversify. (GEJ had a lot of achievements....when oil price was at $112per barrel....and you compare him with Buhari who when he took over ...oil was at $50 and falling? ) |
Re: Naira Falls To N370 Per Dollar by warrenweste(m): 1:32pm On Feb 18, 2016 |
maleeks: Open a domiciliary account and tel him to transfer it to your dorm |
Re: Naira Falls To N370 Per Dollar by dotcomnamename: 1:35pm On Feb 18, 2016 |
LordAdam: How about Euro? |
Re: Naira Falls To N370 Per Dollar by MrGerald(m): 1:35pm On Feb 18, 2016 |
godsluvee:Pray for us sinners 1 Like |
Re: Naira Falls To N370 Per Dollar by erico2k2(m): 1:39pm On Feb 18, 2016 |
Boss13:Do U eat cassava ? |
Re: Naira Falls To N370 Per Dollar by Nobody: 1:41pm On Feb 18, 2016 |
4Play:....i disagree with you. Previous government from the bad man,IBB, OBJ till Jonathan have implored what you advocated. It leads to the mess we are presently. The question is what does Nigeria produce? Is it all these Aba made shoes which can't compete with shoes from Niger Republic? Nigeria is a service-driven state. Even this girl called Dr. Ngozi Iweala did not understand basic economics principles,talkless of a girl,Kemi Adeosun with Bsc. |
Re: Naira Falls To N370 Per Dollar by maleeks(m): 1:41pm On Feb 18, 2016 |
warrenweste: so, you mean if i have a domicilliary account, the exhange rate wouldn't be the same as that WU or Moneygramm |
Re: Naira Falls To N370 Per Dollar by mrlaw93(m): 1:41pm On Feb 18, 2016 |
Stevebamdex:Where sir! |
Re: Naira Falls To N370 Per Dollar by Chukzyfcb(m): 1:43pm On Feb 18, 2016 |
dotcomnamename:Euro is 390, see the rates below DOLLAR POUND EURO 1 Like
|
Re: Naira Falls To N370 Per Dollar by LordAdam: 1:43pm On Feb 18, 2016 |
dotcomnamename: N390 |
Re: Naira Falls To N370 Per Dollar by warrenweste(m): 1:43pm On Feb 18, 2016 |
maleeks: it wont,u wil just withdraw your dollars n head to the nearest bureau de change to convert it |
Re: Naira Falls To N370 Per Dollar by Chukzyfcb(m): 1:45pm On Feb 18, 2016 |
maleeks:Omo there's notin that you'll do that the rate wouldn't be 197...I'm also in such state of confusion. Our banks don't give dollar again, they only accept. Be it western union, dom account, moneygram. Na 197 ohhh, na to find who dey come naija give am the currency give u. Na I'm sure pass |
Re: Naira Falls To N370 Per Dollar by maleeks(m): 1:46pm On Feb 18, 2016 |
warrenweste: thanks alot bro, you just solved my worries |
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