Friday, 30 September 2016
Breaking: Naira crashes to 493 naira per dollar


As trading resumed at the parallel market on Friday 30 September 2016 morning, the naira exchanged at a demoralizing 493 naira per dollar at the parallel market - against the 420 naira per dollar it traded Friday last week.

Although the official exchange rate remains relatively unchanged at 305 naira per dollar, businesses have complained over the difficulties involved at sourcing for forex at banks and licensed BDCs at the CBN price.

Speaking to Somtoo Okoye blog, a businessman at Iweka Electronics Market in Onitsha who gave his name as Ubaka said on Thursday:
"Forget the official rate thing. We've not being able to source forex at that amount (CBN rates).

"The banks always tell you there's no forex for withdrawal let alone for selling at official rates but you see them selling to aboki BDC operators who still go and sell to us using the black market price."

Source: http://www.somtoo.com/2016/09/breaking-naira-crashes-to-493-naira-per.html

lalasticlala

What's breaking about this news? Naira is always expected to crash daily. We dey used to am o

conductor1:


Source: http://www.somtoo.com/2016/09/breaking-naira-crashes-to-493-naira-per.html

lalasticlala

The national Assembly should immediately commence impeachment proceedings against this incompetent President before this thing crash to N1000.

When it gets to N1000 to $1 the president will delete the 2 zeros in the naira then the $1 become equivalent to N1 the campaign promise fulfilled. Case closed

It's 475 buying and 490 selling na

Seems the target is 1000.

If this Buhari continue till 2019, we may need wheelbarrow to be carrying money to the market jst to buy food stuffs

#ZimbabweLoading

Dyt:
It's 475 buying and 490 selling na

See. Don't vex me this morning.

And who told you BDCs keep 15 difference between buying/selling rates? Continue reading that rubbish on that fx site.

conductor1:

See. Don't vex me this morning.

And who told you BDCs keep 15 difference between buying/selling rates? Continue reading that rubbish on that fx site.

After you have vex?

-:[

I weep 4 my beloved country

It is finished

Whatever you want to be so far you are determined and focused, you can achieve it. Regardless of the current economic trend there are specific groups of people that make decent income through legitimate means; their secret is that they build a passive stream of income that doesn't require their full attention while they go about their daily activities. This is the way they do it; with as little as N1,000 ($2) investment you can build a sustainable stream of income and guaranteed financial freedom using a tested and trusted system, all you need are the following:
1). Internet Enabled phone,
2). Local Nigerian bank account, and
3). G-mail address.
Once these three requirements are in place you are already qualified, PM me through my signature on WhatsApp, you'll be added to the group where you learn everything about the program and how to join .
NOTE: You are not paying any money to me, I'm currently benefiting from the extra stream of income this program provided and I feel you should be a part of it.
..and remember no good thing comes easy........but we've made it simpler for you.
Contact me on watsapp +2348130620480 for further details

[quote author=Tunababa8v post=49798032]Whatever you want to be so far you are determined and focused, you can achieve it. Regardless of the current economic trend there are specific groups of people that make decent income through legitimate means; their secret is that they build a passive stream of income that doesn't require their full attention while they go about their daily activities. This is the way they do it; with as little as N1,000 ($2) investment you can build a sustainable stream of income and guaranteed financial freedom using a tested and trusted system, all you need are the following:
1). Internet Enabled phone,
2). Local Nigerian bank account, and
3). G-mail address.
Once these three requirements are in place you are already qualified, PM me through my signature on WhatsApp, you'll be added to the group where you learn everything about the program and how to join .
NOTE: You are not paying any money to me, I'm currently benefiting from the extra stream of income this program provided and I feel you should be a part of it.
..and remember no good thing comes easy........but we've made it simpler for you.
Contact me on watsapp +2348130620480 for further details[/

Please kindly send to saheeb4u@gmail.com

Tunababa8v:
Whatever you want to be so far you are determined and focused, you can achieve it. Regardless of the current economic trend there are specific groups of people that make decent income through legitimate means; their secret is that they build a passive stream of income that doesn't require their full attention while they go about their daily activities. This is the way they do it; with as little as N1,000 ($2) investment you can build a sustainable stream of income and guaranteed financial freedom using a tested and trusted system, all you need are the following:
1). Internet Enabled phone,
2). Local Nigerian bank account, and
3). G-mail address.
Once these three requirements are in place you are already qualified, PM me through my signature on WhatsApp, you'll be added to the group where you learn everything about the program and how to join .
NOTE: You are not paying any money to me, I'm currently benefiting from the extra stream of income this program provided and I feel you should be a part of it.
..and remember no good thing comes easy........but we've made it simpler for you.
Contact me on watsapp +2348130620480 for further details

But where is lalasticlala now?

Tunababa8v:
Whatever you want to be so far you are determined and focused, you can achieve it. Regardless of the current economic trend there are specific groups of people that make decent income through legitimate means; their secret is that they build a passive stream of income that doesn't require their full attention while they go about their daily activities. This is the way they do it; with as little as N1,000 ($2) investment you can build a sustainable stream of income and guaranteed financial freedom using a tested and trusted system, all you need are the following:
1). Internet Enabled phone,
2). Local Nigerian bank account, and
3). G-mail address.
Once these three requirements are in place you are already qualified, PM me through my signature on WhatsApp, you'll be added to the group where you learn everything about the program and how to join .
NOTE: You are not paying any money to me, I'm currently benefiting from the extra stream of income this program provided and I feel you should be a part of it.
..and remember no good thing comes easy........but we've made it simpler for you.
Contact me on watsapp +2348130620480 for further details

pharsh007@yahoo.com

hmmm...i dey laugh oooo

KingsCity:


The national Assembly should immediately commence impeachment proceedings against this incompetent President before this thing crash to N1000.

No. The NASS should not be invited yet. Let me hama first. With just $4k from my online biz, I will be counting in millions when it crashes N1,000 to $1. Don't blame me for this o. Blame Buhari that promise N1 to $1.

When will this whole thing stop?

So, this my $150 don pass 70k rn.....off to Abokkis house

CosmicJames:
No. The NASS should not be invited yet. Let me hama first. With just $4k from my online biz, I will be counting in millions when it crashes N1,000 to $1. Don't blame me for this o. Blame Buhari that promise N1 to $1.

Lol, no be small thing my broda.....$4k, u are in big money ooo