Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks - Business (2)

Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks (32078 Views)

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Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by sunkoye: 5:48pm On Aug 24, 2016

wen pple dont think well before taking important decisions.

simple demand and suppy theory he does not know... angry

2 Likes

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by worksmart(m): 5:48pm On Aug 24, 2016

Those supporting the blowing up of oil installations are the same people complaining about the worsening exchange rate.

Don't they realise that the two incidents are related?

2 Likes

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by oyinkinola: 5:48pm On Aug 24, 2016

Naughtysite:
CHANGE..

...Godwin Emefiele!

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Nobody: 5:48pm On Aug 24, 2016

Na yahoo yahoo sure pass

1 Like

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by eluquenson(m): 5:48pm On Aug 24, 2016

hmm

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Funjosh(m): 5:49pm On Aug 24, 2016

we are getting their. #500 is where we are going we will get their grin

4 Likes

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by oyinkinola: 5:49pm On Aug 24, 2016

fadafuqer:
Na yahoo yahoo sure pass

Godwin Emefiele in action!
https://www.nairaland.com/3304472/trader-monopolized-price-watch-godwin

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by nortcentrallord(m): 5:51pm On Aug 24, 2016

Oh Nigeria my country! what has though brought upon thyself?

1 Like

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Nobody: 5:51pm On Aug 24, 2016

What is this

1 Like

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by oyinkinola: 5:51pm On Aug 24, 2016

Funjosh:
we are getting their. #500 is where we are going we will get their

hoo yes, Emefiele will soon be removed!

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Nobody: 5:51pm On Aug 24, 2016

Let naira cross #1000 that $2.1billion must be recovered.

1 Like

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by legaxi(m): 5:51pm On Aug 24, 2016

This is today exchange rate

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by eph12(m): 5:52pm On Aug 24, 2016

oyinkinola:
...it seems that you people have short memory I warn and insit os simply removed of Godwin Emefiele and it's not go well for you people?
after several warning I take you to the nearest countries surrounding Nigeria the Cfa zones, to make you reason on how the monetary system is manage! but who listened?
Nigerian keep managing your Emefiele action on Naira!
here is one of my warning:https://www.nairaland.com/3306047/godwin-emefiele-clueless-must-sacked#48737994

here is the conversion of fcfa to Naira and the equivalent of it's denomination to Naira, you see the difference:
Coins:
50k=1fcfa
50kx5= 250k =N2.50k
50kx10=500k=N5.00k..............Nigeria currency Note
50kx25=1250k=N12.50k
50x50=2500k=N25.00k
50kx100=5000k=N50.00k..........Nigeria currency Note
50kx200=10000k=N100.00k.......Nigeria currency Note
50kx500=25000k=N250.00k
Fcfa currency Notes:
50kx1000=50000k=N500.00k.....Nigeria currency Note
50kx2000=100000k=N1000.00k..Nigeria currency Note
50kx5000=250000k=N2500.00k
50kx10000=500000k=N5000.00k
What a consumer(buyer) will protect on an economy like our, where is the money in the market that the buyer will protect! and when the money didn't have saver it will lead to what!.....not inflation?

Who is supposed to remove Emiefile? Jonathan? The person that replaces him won't do better abeg. We just feeling it now because government has been subsidising everything meanwhile government can't continue to do that or there won't be enough for capital projects

1 Like

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by eph12(m): 5:53pm On Aug 24, 2016

legaxi:
This is today exchange rate

Parallel market not interbank

2 Likes

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by nortcentrallord(m): 5:53pm On Aug 24, 2016

legaxi:
This is today exchange rate

Parallel market or inter bank rate? Be specific and be truthful to yourself.

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by oyinkinola: 5:54pm On Aug 24, 2016

eph12:
Who is supposed to remove Emiefile? Jonathan? The person that replaces him won't do better abeg. We just feeling it now because government has been subsidising everything meanwhile government can't continue to do that or there won't be enough for capital projects

...am I not warn you people that emefiele is lash!

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by islandmoon: 5:54pm On Aug 24, 2016

Clueless

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Iceberg3: 5:54pm On Aug 24, 2016

Buhari sef. Afonja sef.

Doghari sef. Thunda fayareth brown roof for their zombiesm

3 Likes

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Possican(m): 5:54pm On Aug 24, 2016

Certificate He no get how do you want him to perform. Now pursuing the GUY that NAMED HIS DOG grin

2 Likes

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by HonabFaj(m): 5:55pm On Aug 24, 2016

Mr Godwin Emefiele how market , hope you still understand the process it's getting worse day by day

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Iceberg3: 5:56pm On Aug 24, 2016

oyinkinola:
...am I not warn you people that emefiele is lash!

nepa bill

3 Likes

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Nobody: 5:56pm On Aug 24, 2016

I am just waiting till its 1000

1 Like

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by eph12(m): 5:58pm On Aug 24, 2016

oyinkinola:
...am I not warn you people that emefiele is lash!

Does that mean Buhari is clueless and useless for not being able to remove Emiefile?

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by gunvi: 5:58pm On Aug 24, 2016

Really, it shows that baba Daura (buhari) have no clue about ow to run this economy. Will he now want to blame GEO for his woos. huh

NO SOUND ECONOMY TEAM, COMPANIES ARE RETREACHING STAFF, MARKET IS NO GO AREA, HOSPITALS GROUNDED.we actually need God's intervention.The so called foolish APC av nothing to say now.

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Odogwucharles: 5:58pm On Aug 24, 2016

I don't know why I feel very strongly in my spirit that this country will never get better.

Our government and the CBN governement don't carea Nigeria.

This world should just kuku end and let everyone rest

4 Likes

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Alertz3(m): 5:58pm On Aug 24, 2016

As we await more hike on price of commodities and sservice.

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by Miles300: 5:58pm On Aug 24, 2016

I just said naira will be heading to 500 yesterday it's simple to forcast it .. Foolish govt

1 Like

Re: Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks by magabounce(m): 6:00pm On Aug 24, 2016

oyinkinola:
...it seems that you people have short memory I warn and insit os simply removed of Godwin Emefiele and it's not go well for you people?
after several warning I take you to the nearest countries surrounding Nigeria the Cfa zones, to make you reason on how the monetary system is manage! but who listened?
Nigerian keep managing your Emefiele action on Naira!
here is one of my warning:https://www.nairaland.com/3306047/godwin-emefiele-clueless-must-sacked#48737994

here is the conversion of fcfa to Naira and the equivalent of it's denomination to Naira, you see the difference:
Coins:
50k=1fcfa
50kx5= 250k =N2.50k
50kx10=500k=N5.00k..............Nigeria currency Note
50kx25=1250k=N12.50k
50x50=2500k=N25.00k
50kx100=5000k=N50.00k..........Nigeria currency Note
50kx200=10000k=N100.00k.......Nigeria currency Note
50kx500=25000k=N250.00k
Fcfa currency Notes:
50kx1000=50000k=N500.00k.....Nigeria currency Note
50kx2000=100000k=N1000.00k..Nigeria currency Note
50kx5000=250000k=N2500.00k
50kx10000=500000k=N5000.00k
What a consumer(buyer) will protect on an economy like our, where is the money in the market that the buyer will protect! and when the money didn't have saver it will lead to what!.....not inflation?

Jésus!!! Ur Grammer and analysis has further devalued the Naira!!!
We might wakeup tomorrow and hear that Naira is now 500 to 1 dollar!!! Dah!!!

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