Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,158,557 members, 7,837,145 topics. Date: Wednesday, 22 May 2024 at 05:44 PM

Naira Tumbles To 391/dollar - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Tumbles To 391/dollar (29550 Views)

Naira Tumbles To 503 On Parallel Market / Naira Tumbles To 490 As Dollar Shortage Continues / Naira Tumbles To 360 As Dollar Supply Dries Up (2) (3) (4)

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

Re: Naira Tumbles To 391/dollar by orobs93(m): 4:15am On Feb 19, 2016
But why are they using differnt grammar to classify dis naira issue
naira falls
Naira tumbles
Naira drops
Naira slides
Naira fumbles
Naira killed
Naira back slides

5 Likes

Re: Naira Tumbles To 391/dollar by badonkadonk: 4:16am On Feb 19, 2016
Waiting for the day $1 = #1000.. Na dat tym I go go change the dollar wey dey my hand...

3 Likes

Re: Naira Tumbles To 391/dollar by Nobody: 4:21am On Feb 19, 2016
The problem is that thanks to the fall in oil price....we no longer have the dollars to buffer up the naira.

When the oil price was above $100.....we had enough dollars to keep the naira up. It was when the bottom fell off in July 2014...that the naira began falling. We have been here before....in 1983.

We have to use this opportunity wisely. Get off our dependency on oil....and become an industrial nation. It is our only hope.

8 Likes

Re: Naira Tumbles To 391/dollar by femiero: 4:22am On Feb 19, 2016
Buhari left govt in 1984 and has not improved himself in any way since them. Not even common computer school or all the advance diploma northerners goes to get from UK. Now some gullible Nigerians went ahead to rig him in premised on the hatred for GEJ. Now you are reaping the benefits. Soon price of foodstuff will follow. It's then you will know it is crass ignorance to hand over govt to an illiterate.

17 Likes

Re: Naira Tumbles To 391/dollar by 49cents(m): 4:25am On Feb 19, 2016
All they wanted was power.
They didn't continue the Auto policy: or YouWin and thought body language is enough

4 Likes

Re: Naira Tumbles To 391/dollar by Lamexx(m): 4:25am On Feb 19, 2016
Chei

1 Like

Re: Naira Tumbles To 391/dollar by Brunel(m): 4:27am On Feb 19, 2016
We were promised $1=#1
sad embarassed sad

3 Likes

Re: Naira Tumbles To 391/dollar by Nobody: 4:30am On Feb 19, 2016
[quote author=urboy1 post=43050712][/quote]

What site was this from?
Re: Naira Tumbles To 391/dollar by Nobody: 4:33am On Feb 19, 2016
RichYoungNigger:
It will affect some people but not Nigerians living in the U.S
This is what we pray for.

I love Buhari so much.
I wish he will be the president for 60 years

For shizzle ma nizzle grin

It also benefits the small boys in Blighty too wink
Re: Naira Tumbles To 391/dollar by Nobody: 4:36am On Feb 19, 2016
Wizprodigy:
It's now 400 to a dollar. By next week tuesday 500 naira should have been achieved.
Naira keeps reminding me of one nursery rhymes tagged "London Bridge".

Pray do tell the source of your data or is it just a wag?
Re: Naira Tumbles To 391/dollar by RichYoungNigger(m): 4:37am On Feb 19, 2016
EgunMogaji:


For sizzle ma nizzle grin

It also benefits the small boys in Blighty too wink

Blighty ??
You mean yahoo boys ?

3 Likes

Re: Naira Tumbles To 391/dollar by oyinkinola: 4:39am On Feb 19, 2016
[s]
kilokeys:
Ajala travel all over the world

He travel he travel.

Where is his O level.
Blinded by sentiment and nepotism we opted for someone our fathers warned us about.

What has the old man close to his grave got to lose?

Nothing... He laughs at u guys at night
[/s]

[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

1 Like

Re: Naira Tumbles To 391/dollar by oyinkinola: 4:42am On Feb 19, 2016
[s]
femiero:
Buhari left govt in 1984 and has not improved himself in any way since them. Not even common computer school or all the advance diploma northerners goes to get from UK. Now some gullible Nigerians went ahead to rig him in premised on the hatred for GEJ. Now you are reaping the benefits. Soon price of foodstuff will follow. It's then you will know it is crass ignorance to hand over govt to an illiterate.
[/s]

2017 budget will beat record... ₦1 quadrillion!, all the social sectors will be substantially finance to trillions ₦, poverty will be completely eradicated and by the end of year 2018 Nigeria will be declared a developed state and classify one of the first three country in the index of human .
I know you will argue on how this can happen with the economics situation of today, low foreign reserve, low oil price, with depreciation of ₦.
yes oil price is down, foreign reserve is dry but we still have foreign looted fund reserve at hand! when recovered and well managed, it won't be problem to have money for this budget!
we can only pray that a $ hit ₦1000 and all $1 trillion looted recovered!
I know for sure that with the determination of this government and the support of foreign nation to help recovered all $ trillion looted it will happen.....$1 trillion recovered and change to ₦ will give us ₦1 quadrillion needed to financ that budget!
year 2017 bye bye to poverty!

1 Like 1 Share

Re: Naira Tumbles To 391/dollar by Nobody: 4:44am On Feb 19, 2016
RichYoungNigger:


Blighty ??
You mean yahoo boys ?

Blighty
From Wikipedia, the free encyclopedia
This article is about the slang term for Britain. For other uses, see Blighty (disambiguation).

A World War I example of trench art: a shell case engraved with a picture of two wounded Tommies nearing the White Cliffs of Dover with the inscription "Blighty!"
"Blighty" is a British English slang term for Britain or often specifically England[citation needed]. It was first used during the Boer War[citation needed], though it was not until World War I that the word spread widely.[1]

According to the Oxford English Dictionary, the word derives from "bilayati", a regional variant of the Urdu word "vilayati", meaning "foreign", "British", "English" or "European."[1] In India, vilayati came to be known as an adjective meaning European, and specifically English or British.[2]

2 Likes

Re: Naira Tumbles To 391/dollar by RichYoungNigger(m): 4:46am On Feb 19, 2016
EgunMogaji:


Blighty
From Wikipedia, the free encyclopedia
This article is about the slang term for Britain. For other uses, see Blighty (disambiguation).

A World War I example of trench art: a shell case engraved with a picture of two wounded Tommies nearing the White Cliffs of Dover with the inscription "Blighty!"
"Blighty" is a British English slang term for Britain or often specifically England[citation needed]. It was first used during the Boer War[citation needed], though it was not until World War I that the word spread widely.[1]

According to the Oxford English Dictionary, the word derives from "bilayati", a regional variant of the Urdu word "vilayati", meaning "foreign", "British", "English" or "European."[1] In India, vilayati came to be known as an adjective meaning European, and specifically English or British.[2]

Oh.
I now understand

2 Likes

Re: Naira Tumbles To 391/dollar by RichYoungNigger(m): 4:47am On Feb 19, 2016
oyinkinola:
[s][/s]

2017 budget will beat record... ₦1 quadrillion!, all the social sectors will be substantially finance to trillions ₦, poverty will be completely eradicated and by the end of year 2018 Nigeria will be declared a developed state and classify one of the first three country in the index of human .
I know you will argue on how this can happen with the economics situation of today, low foreign reserve, low oil price, with depreciation of ₦.
yes oil price is down, foreign reserve is dry but we still have foreign looted fund reserve at hand! when recovered and well managed, it won't be problem to have money for this budget!
we can only pray that a $ hit ₦1000 and all $1 trillion looted recovered!
I know for sure that with the determination of this government and the support of foreign nation to help recovered all $ trillion looted it will happen.....$1 trillion recovered and change to ₦ will give us ₦1 quadrillion needed to financ that budget!
year 2017 bye bye to poverty!

This mental illness that runs in your family dey affect you

29 Likes

Re: Naira Tumbles To 391/dollar by RichYoungNigger(m): 4:49am On Feb 19, 2016
oyinkinola:
[s][/s]

[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

Kid.
You can do better than this.
I've seen you post this particular shiit for more than 39 times.

You must enjoy sucking your dad's dick

21 Likes

Re: Naira Tumbles To 391/dollar by Cul4real(m): 4:52am On Feb 19, 2016
oyinkinola:
[s][/s]

[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]
So you prayed for naira falling to $1 to #1,000 when inflation has already make life difficult for the poor at $1 to #400? YOU HAVE THE SAME USELESS BRAIN WITH CBN GOVERNOR.

13 Likes

Re: Naira Tumbles To 391/dollar by oyinkinola: 4:55am On Feb 19, 2016
RichYoungNigger:


This mental illness that runs in your family dey affect you

...witchcraft! you know my family? hun-un, ok proof me wrong!
Re: Naira Tumbles To 391/dollar by FabioPeter: 4:56am On Feb 19, 2016
I wish it were that easy, if you take $1 trillion from any economy, there is likely going to be a meltdown.
It will take years to retrieve looted money and of course it will be in piecemeal.
Abacha's loot is still stuck all over the world despite treatise signed with these countries.



oyinkinola:



[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]
Re: Naira Tumbles To 391/dollar by DanielPop(m): 4:58am On Feb 19, 2016
Yes. Please see the nearest doctor fast. undecided
oyinkinola:



[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

15 Likes 2 Shares

Re: Naira Tumbles To 391/dollar by oyinkinola: 4:59am On Feb 19, 2016
Cul4real:
So you prayed for naira falling to $1 to #1,000 when inflation has already make life difficult for the poor at $1 to #400? YOU HAVE THE SAME USELESS BRAIN WITH CBN GOVERNOR.
....ok come out of your own suggestion on how a ₦=$!
Re: Naira Tumbles To 391/dollar by RichYoungNigger(m): 5:03am On Feb 19, 2016
oyinkinola:


...witchcraft! you know my family? hun-un, ok proof me wrong!

No need.
I will end up exposing myself

6 Likes

Re: Naira Tumbles To 391/dollar by Eluwilussit(m): 5:07am On Feb 19, 2016
Bishops10:
Bring back Goodluck Jonathan

Sharp, sharp o! In fact it is better to be eating our yams than this senseless suffering. grin grin

10 Likes 4 Shares

Re: Naira Tumbles To 391/dollar by oyinkinola: 5:12am On Feb 19, 2016
[s]
RichYoungNigger:


No need.
I will end up exposing myself
[/s]
[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]
Re: Naira Tumbles To 391/dollar by xtervaganza(m): 5:14am On Feb 19, 2016
oyinkinola:



[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]
sorry but you no get laakaye (sense)

20 Likes

Re: Naira Tumbles To 391/dollar by sunnyuche1(m): 5:19am On Feb 19, 2016
Jesus ! embarassed

2 Likes

Re: Naira Tumbles To 391/dollar by citizenisb: 5:26am On Feb 19, 2016
Re: Naira Tumbles To 391/dollar by divide9ja: 5:30am On Feb 19, 2016
The northerners are killing Nigeria
They are ruining Nigeria.

Boko Haram guys are being set free and given money.

The president is always out of the country.

Fulani are killing people.

Unarmed IPOB people are being shot.

B00hari is appointing people to the media instead of the economy.

Impeach the dullard

8 Likes

Re: Naira Tumbles To 391/dollar by Carter4luv(m): 5:36am On Feb 19, 2016
Buhardship

1 Like

Re: Naira Tumbles To 391/dollar by banmee(m): 5:39am On Feb 19, 2016
Bishops10:
Bring back Goodluck Jonathan

You do realise he is a major part of the problem?

2 Likes

Re: Naira Tumbles To 391/dollar by Nobody: 5:41am On Feb 19, 2016
banmee:


You do realise he is a major part of the problem?

Let's encourage them to speak so we can identify them.

They keep blaming Buhari when we are finding million dollars inside soakaway pits of Jonathans cronies.

4 Likes

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

Thanks To Nairaland My Money Was Sorted. / Nestlé Unveils N4.1bn Milo RTD Factory In Ogun State (Photos) / PHOTOS: Leather Inception Mission In Sokoto Is Full Swing

(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. 56
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.