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Naira Plummets To All-time Low Of 472/dollar - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Plummets To All-time Low Of 472/dollar (18556 Views)

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Re: Naira Plummets To All-time Low Of 472/dollar by mattsvibes: 8:28am On Sep 29, 2016
hmmmmmmmm
Don't worry it still going to be N550 per $1

It part of change
Next time when you want to vote for change


Ask may be it postive or Negative change
Life is like a two sided coin
Re: Naira Plummets To All-time Low Of 472/dollar by iamzizou: 8:28am On Sep 29, 2016
Are you staying outside nigeria and want to send naira to nigeria?
Let's do business as you'll be crediting my euro account and i'll be crediting your recipient (rate: above western union and moneygram but below black market)

call or whatsapp : 08060980406


let's negotiate
Re: Naira Plummets To All-time Low Of 472/dollar by babniyen(m): 8:30am On Sep 29, 2016
I am wondering on who continues to buy this dollars at such a high exchange rate. My opinion is to monitor the purchasers of the dollars because i am sure it is not for legitimate import business. School fees ppl cannot be responsible alone for this surge. How much will goods bought at this galloping exchange rate be sold for in Naira. Is it speculators then a crash is imminent. Just thinking aloud.
Re: Naira Plummets To All-time Low Of 472/dollar by okeyscrib(m): 8:33am On Sep 29, 2016
ThundrCork:
Buhari should ban the use of dollars in this country and watch dollar nosedive to N1 to a dollar. Buhari should effect this to complete the change he has introduced else watch a dollar cost over a N1000 before year end.
Did you really attend the four walls of a schoolhuhhuhhuh??
Re: Naira Plummets To All-time Low Of 472/dollar by borntosuccess(m): 8:34am On Sep 29, 2016
but what I don't understand is why ar people not protesting?
Re: Naira Plummets To All-time Low Of 472/dollar by Nobody: 8:40am On Sep 29, 2016
From 440 to 445 to 452 to 460 to 472 almost approaching 500

5--------7--------8---------12 What nature of increment is this? This is not geometrical!

1000 is not too far tho undecided
Re: Naira Plummets To All-time Low Of 472/dollar by DrMuzungu(m): 8:51am On Sep 29, 2016
When I visited Nigeria back in 2015, the rate was N175 for $1... sad
Re: Naira Plummets To All-time Low Of 472/dollar by Worksunlimited: 8:52am On Sep 29, 2016
Adesiji77:
http://punchng.com/naira-plummets-time-low-472dollar/ lalasticlala, dominique
We are slowly getting there... Patiently waiting for it to hit #1000..
Re: Naira Plummets To All-time Low Of 472/dollar by mrjojo: 8:53am On Sep 29, 2016
Nigeria my country, Perfect time to start earning in USD, where is my laptop
Re: Naira Plummets To All-time Low Of 472/dollar by MrPresident1: 8:56am On Sep 29, 2016
Rilwayne001:
cry cry cry cry cry cry cry cry cry cry cry mo ku embarassed

But mrpresident, it's not the time to laugh now, this thing gradually going to #500 cry shocked
Fi okan ara e bale Rili .

Almighty Allah will take care of His own cheesy grin
Re: Naira Plummets To All-time Low Of 472/dollar by ThundrCork(m): 9:04am On Sep 29, 2016
okeyscrib:
Did you really attend the four walls of a schoolhuhhuhhuh??
No I didn't. Is that a crime huh
Re: Naira Plummets To All-time Low Of 472/dollar by danmasani101: 9:04am On Sep 29, 2016
omojoshy:
Let it fall to 1000/1dollar. Na una sabi. We want it that Way. Those who carried their children abroad should as well relocate there. We don't need any import. Let's sit here and create all that we need, and shelve appetite for foreign goods. If Nigeria is not OK for you, leave through the closest border.

I don't understand why people will take their pregnancy and go and give birth to their children abroad. ITS SICKENING. Wastefull. When we have doctors here. Millions are born here daily. Let me see if they will not sleep with their wife again when dollar gets to N1000.
Keep blaming other people when all you listed above is been done by Buhari.... His children are schooling abroad, he goes abroad for vacations, medical treatments, his wife has taste for designer stuffs.

With his recent trip to USA with more than 100 cronies & family members (delegates), do you have an idea how much dollars was spent
Re: Naira Plummets To All-time Low Of 472/dollar by Papertrail11(m): 9:25am On Sep 29, 2016
babniyen:
I am wondering on who continues to buy this dollars at such a high exchange rate. My opinion is to monitor the purchasers of the dollars because i am sure it is not for legitimate import business. School fees ppl cannot be responsible alone for this surge. How much will goods bought at this galloping exchange rate be sold for in Naira. Is it speculators then a crash is imminent. Just thinking aloud.
one of the major problem of this dollar to naira stuff is this hausa northern cabal speculators they are worse than niger delta avengers cos they are economic saboteurs. ...I watch a lot of bloomberg and I see hw people in newyork stock exchange value and devalue stocks its based on occurences and not just mere speculation no be today people dey use dollars or spend it but this people have trown themselves to street corners haraasing people on d need to buy dollars as if na food


we also have the emefiele incompetence problem who has in the past mentioned it that there is a large level of speculation done by bdc if yhat is the case ban the bdc and let the banks strictly be in vharge of dlar sales bdc in my opion should be so minute dat dey should control about 2per of fiancial currency market cos if yu get them full autonomy they would destroy the economy.....


buhari should do quick and with a matter of urgency sack emefiele saw him talk om tv sometymes and boi ohh Gawd he talks incompetent
Re: Naira Plummets To All-time Low Of 472/dollar by Rilwayne001: 9:31am On Sep 29, 2016
MrPresident1:
Fi okan ara e bale Rili .

Almighty Allah will take care of His own cheesy grin
Ameen cry smiley
Re: Naira Plummets To All-time Low Of 472/dollar by 989900: 9:41am On Sep 29, 2016
This is so so sad. angry sad

Pump prices increase is inevitable if this continues. Minimum wage at $40 for a whooping 22 working days?!! sad

Buhari and APC's goodwill with the people is as good as snapped already, if this tide does not turn for good ASAP.

This is terrible! A big shame!
Re: Naira Plummets To All-time Low Of 472/dollar by xtervaganza(m): 9:52am On Sep 29, 2016
E no go better for buhari and all his supporters
Re: Naira Plummets To All-time Low Of 472/dollar by babniyen(m): 9:59am On Sep 29, 2016
Papertrail11:
one of the major problem of this dollar to naira stuff is this hausa northern cabal speculators they are worse than niger delta avengers cos they are economic saboteurs. ...I watch a lot of bloomberg and I see hw people in newyork stock exchange value and devalue stocks its based on occurences and not just mere speculation no be today people dey use dollars or spend it but this people have trown themselves to street corners haraasing people on d need to buy dollars as if na food.




we also have the emefiele incompetence problem who has in the past mentioned it that there is a large level of speculation done by bdc if yhat is the case ban the bdc and let the banks strictly be in vharge of dlar sales bdc in my opion should be so minute dat dey should control about 2per of fiancial currency market cos if yu get them full autonomy they would destroy the economy.....


buhari should do quick and with a matter of urgency sack emefiele saw him talk om tv sometymes and boi ohh Gawd he talks incompetent
I am still wondering. Are the BDC printing Naira. To hoard you will have to buy with Naira. So where is this Naira coming from.
Re: Naira Plummets To All-time Low Of 472/dollar by Pchidexy(m): 10:25am On Sep 29, 2016
omojoshy:
Let it fall to 1000/1dollar. Na una sabi. We want it that Way. Those who carried their children abroad should as well relocate there. We don't need any import. Let's sit here and create all that we need, and shelve appetite for foreign goods. If Nigeria is not OK for you, leave through the closest border.

I don't understand why people will take their pregnancy and go and give birth to their children abroad. ITS SICKENING. Wastefull. When we have doctors here. Millions are born here daily. Let me see if they will not sleep with their wife again when dollar gets to N1000.
****Buhari can go to London for treatment abi. His children can go abroad for schooling. Buhari and his ministers can afford to use foreign cars and computer.
****
Re: Naira Plummets To All-time Low Of 472/dollar by Nobody: 10:40am On Sep 29, 2016
Pchidexy:
You are an idiot! Buhari can go to London for treatment abi. His children can go abroad for schooling. Buhari and his ministers can afford to use foreign cars and computer.

Oga I think you are a slave.
Come you don take your drugs today?


I will advise you stay off WEEDS.

Did you see me supporting Buhari here or don't I have a right to my own opinions?

Is it only Buhari that travels abroad for medical treatment? Ordinary wedding takes our musician abroad.

Stay off weed bro, it's not good for your health.
Re: Naira Plummets To All-time Low Of 472/dollar by mdaada: 10:51am On Sep 29, 2016
omojoshy:
Let it fall to 1000/1dollar. Na una sabi. We want it that Way. Those who carried their children abroad should as well relocate there. We don't need any import. Let's sit here and create all that we need, and shelve appetite for foreign goods. If Nigeria is not OK for you, leave through the closest border.

I don't understand why people will take their pregnancy and go and give birth to their children abroad. ITS SICKENING. Wastefull. When we have doctors here. Millions are born here daily. Let me see if they will not sleep with their wife again when dollar gets to N1000.
You obviously don't understand the power of a British or an American passport
Re: Naira Plummets To All-time Low Of 472/dollar by Toks2008(m): 11:21am On Sep 29, 2016
Izonpikin:
buhari never start with us yet oo..when he is done with us many would understand why an old uneducated man shouldn't rule any country..nigerians are being punished..

And to add fuel to fire buhari is trying to use military strength on the very region responsible for our forex...

Please let us enjoy our punishment... cheesy
I am an APC member but a non partisan one.

We actually voted Buhari because of his anti-corruption stands which has made us look so unwanted by international community just like United states Voted Obama because they were tired of wars and sending their children to war.

As we can see, he is not doing badly in that area but its just unfortunate that the back drop is what no one ever envisaged.
Re: Naira Plummets To All-time Low Of 472/dollar by Izonpikin: 11:31am On Sep 29, 2016
Toks2008:
I am an APC member but a non partisan one.

We actually voted Buhari because of his anti-corruption stands which has made us look so unwanted by international community just like United states Voted Obama because they were tired of wars and sending their children to war.

As we can see, he is not doing badly in that area but its just unfortunate that the back drop is what no one ever envisaged.
grin grin grin grin...he is not doing badly you say??...

buhari is a two faced hypocrite..corruption under buhari is as clear as day light..he should work on structures and abandon this media corruption fight...we are not babies anymore...
Re: Naira Plummets To All-time Low Of 472/dollar by Toks2008(m): 11:39am On Sep 29, 2016
Izonpikin:
grin grin grin grin...he is not doing badly you say??...

buhari is a two faced hypocrite..corruption under buhari is as clear as day light..he should work on structures and abandon this media corruption fight...we are not babies anymore...
As it stands, i can no longer support his presumed competence but when it comes to tackling corruption lets give it to him.He has a pedigree of zero tolerance to corruption and even as a young lad of 10 years i could see the way he performed in 1983 to 85.

There is too much suffering in the land tho not peculiar to Nigeria alone but the already worse situation has made it extremely terrible.

I just pray for this country cos no need cursing her with the already sad state.
Re: Naira Plummets To All-time Low Of 472/dollar by JamesFCI(m): 12:31pm On Sep 29, 2016
To help with your issues,

My company Foreign Currency Innovations based in London specialise in making international payments.

Here at FCI we offer a fully regulated service which allows you to exchange your Naira into USD with no transaction fees without the use of a letter of credit. We are able to exchange Naira for up to $5,000,000 USD per day at a rate of 424 to 1 Dollar and the funds will reach your beneficiary within a 2-3 day time-frame.

My contact email is james.gilbert@fci-ltd.co.uk - Please get in touch if you would like to discuss further.
Re: Naira Plummets To All-time Low Of 472/dollar by Pchidexy(m): 12:39pm On Sep 29, 2016
omojoshy:
Come you don take your drugs today?


I will advise you stay off WEEDS.

Did you see me supporting Buhari here or don't I have a right to my own opinions?

Is it only Buhari that travels abroad for medical treatment? Ordinary wedding takes our musician abroad.

Stay off weed bro, it's not good for your health.
**** What has weed got to do with your slave mentality. If you like eating poo we don't enjoy it. So Bleep off!

FYI: If you can't start asking relevant questions about what happened to the monies from subsidy, savings from various govt stingy measures and all the Bleep this government is doing, then I'm afraid I have been chatting with a ****
Re: Naira Plummets To All-time Low Of 472/dollar by kingviny:
HOW TO SAFEGUARD YOUR HARD EARNED NAIRA FROM FURTHER LOOSING VALUE.

THE ROOT CAUSE

So long as we cannot produce most of the things we import from abroad, our naira will continue to receive uppercut from the almighty dollar. It is a simple economic case of scarcity and speculation. Dollar is scarce and people are ready to pay any amount for the little that is available. Some people are also hoarding it apart from the stringent government regulation over provision of dollars to dollar users. With these pressures, we pray it doesn't get to N1000 to $1.

THE PRACTICAL IMPACT

If you had kept N200,000 in your savings account last year. As at today, your money is merely worth N90,000 (interest included)

This is because last year, $1 was N200, and now at N475/$1, your cash asset is worth (200 /475 x 200) N84,210. If your bank is generous, you might earn an interest of say N5,790 over the duration of keeping your money untouched to make it N90,000. You have practically lost N110,000!

Due to the wickedness of the past governments and the cluelessness of the present government, your sweat has now been eroded by 55% and it might even go down further before the end of the year!

You may think you still have N200,000 plus interest in your account, but if you withdraw that money today and use it to buy things in the market with inflation hitting an unimaginable 50% (forget about the fake 17% data from government), then you will know that things are no longer at ease.

THE SOLUTION

To secure your cash asset from further loosing value and to allow your money work for you so that it can be growing at an exponential rate compared to bank's snail rate, then you need to talk to our currency investment analyst right now.


Call:- 07081516945 , 08109946200, winwin.investment2016@gmail.com

If you don't take action right now with the way things are going in this country (hyper inflation and job losses) it might be too late!

CALL/MAIL NOW, THERE IS A SURE WAY OUT.

DON'T ALLOW THE NIGERIAN GOVERNMENT TO TURN YOU INTO A PAUPER, ACT SMART!
Re: Naira Plummets To All-time Low Of 472/dollar by Nobody: 1:42pm On Sep 29, 2016
Pchidexy:
You are an idiot! What has weed got to do with your slave mentality. If you like eating poo we don't enjoy it. So Bleep off!

FYI: If you can't start asking relevant questions about what happened to the monies from subsidy, savings from various govt stingy measures and all the Bleep this government is doing, then I'm afraid I have been chatting with a zombie!
I can understand what you are passing through as I checked your Moniker.


The frustration facing you and your generation unborn require 21 days of fasting, prayer and deliverance.

Get well soon Ewu!
Re: Naira Plummets To All-time Low Of 472/dollar by okeyscrib(m): 1:56pm On Sep 29, 2016
omojoshy:
Let it fall to 1000/1dollar. Na una sabi. We want it that Way. Those who carried their children abroad should as well relocate there. We don't need any import. Let's sit here and create all that we need, and shelve appetite for foreign goods. If Nigeria is not OK for you, leave through the closest border.

I don't understand why people will take their pregnancy and go and give birth to their children abroad. ITS SICKENING. Wastefull. When we have doctors here. Millions are born here daily. Let me see if they will not sleep with their wife again when dollar gets to N1000.
sometimes I question if Nigerians such as yourself have a brain
Re: Naira Plummets To All-time Low Of 472/dollar by Nobody: 3:35pm On Sep 29, 2016
atmy1:
If the problem is scarcity of dolars then i propose that all nigerians working abroad earnibg foreign currency should start pumping dollars into the market by selling their dollars enmasse and keeping their money in naija
If only the govt could stabilize the naira a bit. When I was in just 2 months ago I changed dollars for a friend at 340 naira. Now it's 475 naira. Who will send his dollars in such a scenario. I have some naira in my Nigerian account. had I know, I will have changed all that money just two months ago and made millions in profit. Im like one of those that used to have hope in Nigeria. But right now I think Nigerian economy is finished. Naira is now in free fall. 340 to 475 in just 2 months. Mr president how far. sad
Re: Naira Plummets To All-time Low Of 472/dollar by acorntree(m): 4:20pm On Sep 29, 2016
please nairalanders how can I change my saving account in naira to dollar account . my lifes saving is gradually becoming worthless. I have hope in Nigeria before but now I think this country is cursed.
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