Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,166,681 members, 7,865,735 topics. Date: Thursday, 20 June 2024 at 02:43 AM |
Nairaland Forum / Nairaland / General / Business / Naira Slides Further As Demand Outweigh Supply (17947 Views)
Naira Slides To 405/$ Amid Tight Dollar Supply / Naira Appreciates As Demand For Dollar Gets Low / Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Re: Naira Slides Further As Demand Outweigh Supply by Redfruit(m): 7:35am On Sep 28, 2016 |
Lexusgs430:Na starch she carry firm am up? Wetin dey do you na de ja vu'......The breast i used i palpated last nyt aint firm joor |
Re: Naira Slides Further As Demand Outweigh Supply by Redfruit(m): 7:36am On Sep 28, 2016 |
SycophanticGoat:INSPECTED, PALPATED, AUSCultated and percussed it. Na expired condensed milk full that thing.....Nafdac needs to do something biko |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 7:37am On Sep 28, 2016 |
GeoOla25: Seriously, how stupid did we get to believe he will pull that feat?? And it's painful that zombies support a leader that got f9 in maths with a forged certificate. |
Re: Naira Slides Further As Demand Outweigh Supply by lastpage: 7:41am On Sep 28, 2016 |
ellovee: The Greed and penchant for anything "foreign" by our people. We produce nothing yet, we love everything even more than those who produce it! The Naira will continue to slide..... until that time when the efforts of the f :od Govt at local production begins to yield fruit while the Govt itself clamps-down seriously on those importers of anything foreign. Lastpage! 3 Likes |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 7:42am On Sep 28, 2016 |
It's incredible when I see some "Nigerians" celebrating the fall of Naira... No Westerner would ever celebrate the depreciation of their own currency e ven if the President isn't from the party they support. I am amongst the lucky few who earn in dollars and my income has tripled almost quadrupled in the last few months. But I can not be joyous over the devastation of my national currency. WE WOULD ALL SUFFER for it. ' I am a big fan of Buhari and I feel he means well but exempting Kyari, Buratai from prosecution doesnt speak well of his anti-corruption stance 4 Likes 2 Shares |
Re: Naira Slides Further As Demand Outweigh Supply by Originalsly: 7:49am On Sep 28, 2016 |
dunkem21:What was the rate when the Hero took office?...you can pretend not to read this...or not to know the rate then. By Christmas the Naira should be back to the 200's max. |
Re: Naira Slides Further As Demand Outweigh Supply by achieverme(m): 7:49am On Sep 28, 2016 |
amagunnerfan: Didn't he say that? |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 7:53am On Sep 28, 2016 |
Let naira continue sliding am very happy about it, nonsense |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 7:57am On Sep 28, 2016 |
From 440 to 445 to 452........is this geometrical enough! I'm not impressed! 1000 is achievable |
Re: Naira Slides Further As Demand Outweigh Supply by shiimah: 8:00am On Sep 28, 2016 |
$1 = #1000....... D change they promised us. |
Re: Naira Slides Further As Demand Outweigh Supply by Deepfreezer(m): 8:01am On Sep 28, 2016 |
As it is ritenow. If i ballin with just 10,000 USD naira go full everywhere. BUHARIs government is the worse ever in Africa. |
Re: Naira Slides Further As Demand Outweigh Supply by onatisi(m): 8:18am On Sep 28, 2016 |
banttieman:exactly the point. I have been telling people that this is the time to start exporting. This naira crash is a blessing in disguise 3 Likes |
Re: Naira Slides Further As Demand Outweigh Supply by Nairadays: 8:25am On Sep 28, 2016 |
erico2k2: The over dependence and dollarisation of the Nigerian Economy is what am saying. It's becoming nauseating and the unavailability of the green back due to it's high price now might help Nigeria look inward and help local content grow. No problem, this your mentality of dollar on the rise, send $10 dollars home and it'll be ok will be defeated one day and the ever green land of Nigeria will rise from the doldrums. |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 8:25am On Sep 28, 2016 |
banttieman:SHUT UP!! People like you hardly grow in life |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 8:26am On Sep 28, 2016 |
onatisi: Exactly the point. The funny thing is that those that do not trade USD/NGN cry most. Mr brother keep making the money. 2 Likes |
Re: Naira Slides Further As Demand Outweigh Supply by breakeven: 8:28am On Sep 28, 2016 |
The Naira is falling the way the dullard will fall very soon. |
Re: Naira Slides Further As Demand Outweigh Supply by amagunnerfan: 8:28am On Sep 28, 2016 |
achieverme:He didn't say that. It was the twisting of headline by a journalist. But if you insist, then provide the exact quote of what he said by one of the topmost media houses. |
Re: Naira Slides Further As Demand Outweigh Supply by muri4mig(m): 8:38am On Sep 28, 2016 |
dunkem21:It is a lie. Before your corrupt hero was chased out of his corruption den, the dollars was already exchanging for N215. It is only the gullible that will believe your lies that it is PMB policies that is making the Naiira to witness this free fall. We shall bounce back from this mess that you guys plunge us into. 1 Like |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 8:38am On Sep 28, 2016 |
Chosen1984: Google is your friend pal, it's been all over the news recently. The problem with you is you do not read. You only follow blindly. I have just hinted u to be careful and you rain curse on me already. I will remind you someday. https://www.informationng.com/2016/09/mmm-crashes-in-zimbabwe.html It's only a matter of time before it crashes in Nigeria. 4 Likes |
Re: Naira Slides Further As Demand Outweigh Supply by Lexusgs430: 8:52am On Sep 28, 2016 |
Redfruit: Nah the alcohol blind your imagination. Better unripe mangoro's............. |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 8:53am On Sep 28, 2016 |
banttieman:shut up again! CBN/SEC sponsored bloggers put a blackmail and you fall to it! Mmm in Zimbabwe is doing good! This is their official website ea-. Zimbabweans are shocked at the level of wicked reporting all to get Mmm down in Nigeria. My brother the only thing that works in Nigeria today is MMM! That information was a false.
|
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 8:59am On Sep 28, 2016 |
Chosen1984: I hear you. So CBN/SEC paid Wikipedia to spool the history of a Russian criminal right? https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) I will leave you to enjoy while it lasts. But be sure to know I will come back to laugh at you for turning deaf ears. Thanks for your time. 4 Likes |
Re: Naira Slides Further As Demand Outweigh Supply by erico2k2(m): 9:04am On Sep 28, 2016 |
Nairadays:depends on which side of the fence you stand my friend.there are opportunities for few and all the BDCS plus those in government ate making a killing . Change your position and tap into this windfall people are getting prized out of towns and cities people abroad are buying up all the houses and lands's they are selling to ease the hardship Nigeria just found itself...I'm not making a statement of hate but anyone who earns forex either via trade or as salary would be smiling and I am sure you too would be happy if you salary was £3000 a month and U can send £1500 home. And this is fact . |
Re: Naira Slides Further As Demand Outweigh Supply by jbcul4ril(m): 9:12am On Sep 28, 2016 |
Educated Nigerians but Ignorant . How do you expect Naira to be strong when you buy and sell is foreign goods? 95% of what we consume are foreign goods meaning all your money are going abroad increasing demand for foreign exchange. We need to change our mentality about foreign goods so as keep our money in circulation within our Country and Economy and as well encourage local manufacturers. Our purchasing mentality even made a local rice producer to package local rice in foreign bags. We need change our mentality. China was in our situation over 30 years. They decided to make laws to secure their destiny; laws against corruption was one big decision they made, laws to consume what they produce was also another among others. Way Out: Buy Made In Nigeria to grow our Naira and Economy. 2 Likes 1 Share |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 9:12am On Sep 28, 2016 |
banttieman:shut up again! And read this: *"My name is Phoebe from Harare,Zimbabwe,MMM is thriving here and growing stronger by the day, I PHed and GHed successfully this month of September. I'm writing this message to all MMM Nigeria Participants, don't allow bloggers paid by Government and it's agencies cause you to panic and destroy what you've built in the past few months. We over here hear of your exploits and are happy for you, we have had our own share of propaganda by government and we know how they send spies to check out for our weak points, don't allow them win. MMM will live as long we allow it to, we hear you have been beaten by terrible schemes in Nigeria and that makes you scared of MMM, guess what, we too have had our own share. But we attest to what MMM has done for us here in Zimbabwe and Harare to be specific. Two things you must do now, one Provide even more and encourage your friends/prospects and fellow participants to do same. Secondly, know MMM for yourself because only then will you know how to reply critics when they launch their attacks and you'll be able to shake off Panic-which is the Number 1 factor that can pull down MMM. Don't let fear come in, pledge with only your spare money and keep spreading the word. We hear that over 120,000 Nigerians visited our MMM platform today, just to find out if MMM is still functional in Zimbabwe. Even if anything were wrong with Zimbabwe how would it affect Nigeria? I'll leave you with these words. MMM Zimbabwe is not crashed, MMM is alive in Zimbabwe and efforts are being made to ensure the system continues to survive. Don't follow those wrong communication, the only authentic is sent to your MMM account and no where else. Keep being strong, Long Live MMM."* COPIED |
Re: Naira Slides Further As Demand Outweigh Supply by Nairadays: 9:17am On Sep 28, 2016 |
erico2k2: You're right erico. No wahala thanks. |
Re: Naira Slides Further As Demand Outweigh Supply by lookmangiw(m): 9:20am On Sep 28, 2016 |
I believe there is more to this astronomical rise in the exchange rate than the forces of demand and supply. The government have made us to believe that they have ban majorly the commodities that have mounting pressure on forex. So where is the demand coming from......what are these folks seeking for dollars actually using it for? these are questions begging for answer |
Re: Naira Slides Further As Demand Outweigh Supply by Nobody: 9:23am On Sep 28, 2016 |
romeoetin: Nah so |
Re: Naira Slides Further As Demand Outweigh Supply by Bluesearoll(m): 9:24am On Sep 28, 2016 |
DAURA 2019 Loading............... |
Re: Naira Slides Further As Demand Outweigh Supply by queencalipso(f): 9:30am On Sep 28, 2016 |
Please has anyone seen onatis? Am a strong fan of his, I haven't seen his comment for days. Please come and tell us what will happen to naira next. It's almost half a thousand naira now. God help my country |
Re: Naira Slides Further As Demand Outweigh Supply by onatisi(m): 9:34am On Sep 28, 2016 |
banttieman:http://behindmlm.com/mlm/regulation/mmm-china-collapses-govt-issues-warning/
|
Re: Naira Slides Further As Demand Outweigh Supply by steric58(m): 9:39am On Sep 28, 2016 |
[quote author=Clone2020 post=49732792] If you want to send relatives money in Nigeria, I will buy your dollars @390/$ while you deposit into my US bank account. Dont even bother with western union and co, they exchange for 330/$. All transactions are done within 1 minute. Call or whatsapp, see contact in signature[/quote fiverr fund for sale via paypal contact me on 08161678235 |
Top 10 Import Portals To Source Your Quality Products From / How Lucrative Is Cold Room Business / OML 17: Niger Delta Deserves More – Tony Elumelu
(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. 46 |