Naira Depreciates To N355/$ - Business (2) - Nairaland
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Naira Depreciates To N520 Against U.S. Dollar As Retailers Examine CBN Action / CBN Meets BDCs As Naira Depreciates To N466/$ / Naira Depreciates To N375/$ In Parallel Market (2) (3) (4)
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| Re: Naira Depreciates To N355/$ by ngmgeek(m): 5:35pm On Feb 25, 2016 |
Fear...Hope... Fear and  |
| Re: Naira Depreciates To N355/$ by chinchum(m): 5:35pm On Feb 25, 2016 |
i knew the dark cloud cover is not over, what accounted for the appreciation is the drop in demand when it got to 400+, as the dollar tumbled down to Naira, demand surged upwards just again, and inevitably, it will go up again. 4 Likes |
| Re: Naira Depreciates To N355/$ by GeneralShepherd(m): 5:35pm On Feb 25, 2016 |
Forex is hardly ever steady! Even the dollar and the pound, this is a known fact. However, the instability of the naira is unprecedented, over the past three decades Naira has maintained a steady downward trend at an average 12% per annum. Given this reality, I believe it is time for us to swallow pill of not just devaluing the Naira but allowing market forces to determine it's price. This will eliminate the parallel market, currency speculation and rent seeking. Lastly, I want to stress that anyone blaming PMB alone for the fate of the naira is being unfair. PMB is not the sharpest tool in the toolbox but the blame should be equally distributed to all past Nigerian leaders! They are all dumb,clueless and irresponsible. All of them! 10 Likes |
| Re: Naira Depreciates To N355/$ by jtizie(m): 5:35pm On Feb 25, 2016 |
J |
| Re: Naira Depreciates To N355/$ by valencia25(m): 5:35pm On Feb 25, 2016 |
Which kin business be this.... 1 Like |
| Re: Naira Depreciates To N355/$ by wristbangle: 5:35pm On Feb 25, 2016 |
Honestly it's so bad. It's now 360 naira sef  3 Likes |
| Re: Naira Depreciates To N355/$ by blackpanda: 5:36pm On Feb 25, 2016 |
Wailers...oya do the needful!  1 Like 1 Share |
| Re: Naira Depreciates To N355/$ by ReskpetNobleman(m): 5:36pm On Feb 25, 2016 |
9ja winch way, blame Buhari  3 Likes |
| Re: Naira Depreciates To N355/$ by fearless2014: 5:36pm On Feb 25, 2016 |
Buhari is an IDIOT ! 10 Likes |
| Re: Naira Depreciates To N355/$ by jamesibor: 5:36pm On Feb 25, 2016 |
Burger01: Not in the short term. No economic fundamental to support it. 8 Likes |
| Re: Naira Depreciates To N355/$ by PTAwal: 5:36pm On Feb 25, 2016 |
Eleyi gidi gan |
| Re: Naira Depreciates To N355/$ by agbangam: 5:36pm On Feb 25, 2016 |
It is well, I sure know wit d new sherrif in town and Maximum patience and cooperation from Nigerians, we will surelly over dis trying tyms. @least one thing I haven't head for 7months now is d News of Money Missing.. Unlike d past administration were billions go dey disappear frm every sector 1 Like |
| Re: Naira Depreciates To N355/$ by xynerise: 5:36pm On Feb 25, 2016 |
Ike agulam |
| Re: Naira Depreciates To N355/$ by forgiveness: 5:36pm On Feb 25, 2016 |
I thought it went down to 200 naira yesterday huh! How come it is now 355 naira? I smell a rat *snuffing nose* 3 Likes |
| Re: Naira Depreciates To N355/$ by kingofchess(m): 5:37pm On Feb 25, 2016 |
dollar is telling naira that catch me if u can...lol 3 Likes 1 Share |
| Re: Naira Depreciates To N355/$ by eniolorunopa1: 5:37pm On Feb 25, 2016 |
na waoo, I was happy this morning when I saw# 240/$ |
| Re: Naira Depreciates To N355/$ by emzila(m): 5:37pm On Feb 25, 2016 |
I HOPE UBAH WILL ALSO CLAIM THIS ONE AS PART OF HIS INTERVENTION? MTCHEEEW 8 Likes |
| Re: Naira Depreciates To N355/$ by erico2k2(m): 5:38pm On Feb 25, 2016 |
Ok make we deal local |
| Re: Naira Depreciates To N355/$ by bolt000(m): 5:38pm On Feb 25, 2016 |
What kind of preposterous news is this  .. currently naira is 290 to the dollar3 Likes 1 Share |
| Re: Naira Depreciates To N355/$ by Jumizie13(f): 5:38pm On Feb 25, 2016 |
Haabaaaa! Its still #199 now. Just checked it now 1 Like |
| Re: Naira Depreciates To N355/$ by Joeace3000(m): 5:38pm On Feb 25, 2016 |
start earning in dollars selling on fiverr. Make use of the situation we are in now and make some extra money. book for a one on one training today. No gimmicks 1 Like |
| Re: Naira Depreciates To N355/$ by jamesibor: 5:38pm On Feb 25, 2016 |
NgeneUkwenu, over to you. economic fundamentals cannot be suppressed by market manipulations or propaganda. 9 Likes |
| Re: Naira Depreciates To N355/$ by mikkypel(m): 5:38pm On Feb 25, 2016 |
The thing dey change like APC 7 Likes 1 Share |
| Re: Naira Depreciates To N355/$ by diasporaman(m): 5:39pm On Feb 25, 2016 |
good news |
| Re: Naira Depreciates To N355/$ by Rotty32: 5:39pm On Feb 25, 2016 |
Use ur brain.. Queennikky: |
| Re: Naira Depreciates To N355/$ by jamesibor: 5:39pm On Feb 25, 2016 |
bolt000: In your dreams? Give me your contacts for that price, I'd like to buy some. 3 Likes |
| Re: Naira Depreciates To N355/$ by Burger01(m): 5:40pm On Feb 25, 2016 |
anonimi:Match never finish na  |
| Re: Naira Depreciates To N355/$ by Priest200(m): 5:41pm On Feb 25, 2016 |
We can never help ourselve in dis nation everytin na bussiness.... |
| Re: Naira Depreciates To N355/$ by AK481(m): 5:41pm On Feb 25, 2016 |
and some of you are happy. reason for the drop of the dollar is because most niger,benin republic and cameroun bdc trader are sneeking into our boarder and selling the dollars,so there is now an increase in the supply in the dollar.the sad news is the the gain they made wont be spent here in nigeria. no magic done by kemi or the dullard one. 1 Like |
| Re: Naira Depreciates To N355/$ by InvertedHammer: 5:41pm On Feb 25, 2016 |
/ This is the opportunity to sell the last dollars in anyone's possession. I said on Monday that dollar will probably head back up towards N400/$ to suck in the last speculators before falling to N200/$ eventually. It is going to be brutal. / 2 Likes 1 Share |
| Re: Naira Depreciates To N355/$ by martineverest(m): 5:41pm On Feb 25, 2016 |
Where are Ifeanyi uba hailers 4 Likes |
| Re: Naira Depreciates To N355/$ by TheSunSon: 5:42pm On Feb 25, 2016 |
Ubah you have proved your point,now sit back and watch them. 2 Likes |
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