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Dollar Drops Below N400/$ For First Time In Seven Months - Business (4) - Nairaland

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Analysts Predict Naira Devaluation To N400/$ / Dollar Drops To 185 Naira A Day To Election / Shocking : Bill Gates Came To Nigeria And Dollar Drops To N182. How Possible? (2) (3) (4)

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Re: Dollar Drops Below N400/$ For First Time In Seven Months by simpleseyi: 8:05am On Mar 23, 2017
Tazdroid:
If Naira fit rise against so many odds, who are we? grin

It means that Emeka Ojukwu's manhood can rise again in while in the grave just as Mama Piss said.

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by simpleseyi: 8:06am On Mar 23, 2017
crackhouse:
Pls don't start. must u be stupid?

What you B.P., you may fall down and die suddenly when one dollar becomes 100 naira.

5 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Eddiecute86(m): 8:07am On Mar 23, 2017
Good news i must say but will it eventually affect the price of goods and services. We know that in Nigeria market price of goods moves with an escape velocity high enough to break away from the gravity so, once it goes up there is no coming down.

2 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Bizibi(m): 8:07am On Mar 23, 2017
Joavid:
I think there's a name for this kind of strategy. where a new Government make things worse at first, and then makes it better.

so the dumb and gullible electorate start to sing their praises forgetting how the same government made them go through hell.

I'm damn sure there's a name for this strategy.
that is Nigerians.......very easy to manipulate, easy to chew and spit out.
Funny set of beings

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by HonabFaj(m): 8:07am On Mar 23, 2017
FEC approves N80bn for Second Niger Bridge, roads construction in 12 states

Read more at: http://www.vanguardngr.com/2017/03/fec-approves-n80bn-roads-construction-12-states/

In as much as there is commitment and govt is doing the right things ,todays pain shall turn to happiness
May God Help Nigeria
PMB keep the good work going
#ANewNigeria
The success of governance is Nigerians success

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Jetleeee: 8:07am On Mar 23, 2017
codedslayer:


You dey suffer all these ipob touts. Lolzzz. They are very easy to deal with, just that they have hundreds of handles to back up.

I haven't even started sef. They're too easy to deal with I swear cheesy

They made sure my post on that ebonyi thread got deleted

Cry babies. They can't take insults but they can dish out insults

7 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by alizma: 8:07am On Mar 23, 2017
TPAND:
Buhari please return it back to what Jonathan left it at least
Jonathan left foreign reserve of $30b while he sold oil for over $100pb and now that oil is just $55pb, Buhari has build the reserve over $30b. just watch and see, before the end of the year Buhari would have reversed the high rate beyond your dreams.

4 Likes 1 Share

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Aburi001: 8:08am On Mar 23, 2017
omenkaLives:
Cc: Reno O'fuckery. embarassed

Reno and his slaves right now.. .
Some black market/currency speculators go soon dey jump inside Lagoon grin

This is a BAD MARKET for them tongue

3 Likes 1 Share

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Myself2(m): 8:09am On Mar 23, 2017
omenkaLives:
Cc: Reno O'fuckery. embarassed

Reno and his slaves right now.. .

Omenka omenka,omenka
How many damn times did I call your ass
Reno NEVER beefed the CBN governor Godwin Emefiele, don't forget this naira appreciation is a result of CBN's forex liquidity injection,so please look for another thing to attack Reno about

1 Like 1 Share

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Nusaf: 8:10am On Mar 23, 2017
Joavid:
I think there's a name for this kind of strategy. where a new Government make things worse at first, and then makes it better.

so the dumb and gullible electorate start to sing their praises forgetting how the same government made them go through hell.

I'm damn sure there's a name for this strategy.

So the govt reduced the price of crude oil and its output?

4 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by michoim(m): 8:11am On Mar 23, 2017
Glory be to God. PMB don come.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by VeeVeeMyLuv(m): 8:13am On Mar 23, 2017
omenkaLives:
They keep peeping in and disappearing through the back door without leaving a comment. No doubt they are butt hurt by this news.

Hopefully the momentum will be sustained and with time, if greed permits our market men and women, we'd start seeing a corresponding drop in the prices of goods.

Some analysts predicted we'd be outta the woods fourth quarter of the year, perhaps we just might before then..

God bless team PMB/PYO.
totally agree... somebody said reduction in prices will start the next time traders restock.
effect of govt policies these past two years have adversely affected the confidence and risk appetite of most of the productive population which resulted in economic apathy. confidence has to restored, there have to be renewed level of optimism.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Jammiiee(m): 8:13am On Mar 23, 2017
But why are ur kinds always very pessimistic and cynical. angry

Can never be pleased, either +ve or -ve, always complain and embittered angry angry
Quite a jaundiced view sad

Hmm, hope it's not political prejudice

Joavid:
I think there's a name for this kind of strategy. where a new Government make things worse at first, and then makes it better.

so the dumb and gullible electorate start to sing their praises forgetting how the same government made them go through hell.

I'm damn sure there's a name for this strategy.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Qyubee(m): 8:13am On Mar 23, 2017
Alhamdulillah!
Thank you Mrs Adeosun.
Much respect to Mr emefiele
Big salute to prof osinbajo.
Much love to PMB.
Don't rest till every Nigerian feel the positive impact of your govt.
Thanks to patriotic Nigerians (militants) in the ND and every other Nigerians for our resilience so far.
God bless nigeria!

2 Likes 1 Share

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Nobody: 8:13am On Mar 23, 2017
What a bunch of dimwits!!!! Some idi.ots are celebrating absolute bunkum.

One moro.onic f..o..ol is even comparing the Polytechnic graduate with Ngozi Iweala. What a world!!!

Until it's 200naira to $1 there is nothing worthy of celebration, unless you are DIM.WIT!!!
Re: Dollar Drops Below N400/$ For First Time In Seven Months by bigsmoke2(m): 8:14am On Mar 23, 2017
ItsQuinn:
NOOOOOOOOOOOO!!!!! sad sad sad cry cry cry cry
please dollar rise again! what is this? undecided
Enemies of progress

3 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by kechywillz(m): 8:15am On Mar 23, 2017
Good news,I love this
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Nobody: 8:15am On Mar 23, 2017
....It makes better sense if he blames increase on RIPPLE effects than dollar.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by freekick: 8:16am On Mar 23, 2017
Am impressed. Educate them more, they dont know nada. empty flat brains. Simple advantages in an increase in foreign reserve they dont know. GOD bless u.
SuperS1Panther:


The hoarding and speculation were also artificial in nature without any economic inducer.

OBJ used the same strategy for 8years and he built our Foreign Reserves from $3bn to 43bn with another $12bn in Excess Crude a/c.

The strategy will build foreign investors confidence with the growing reserves while meeting immediate dollar needs by CBN will help to curtail inflation and prices of goods as at today, while still guaranteeing productive activities of the manufacturing companies.

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Nusaf: 8:18am On Mar 23, 2017
alizma:

Jonathan left foreign reserve of $30b while he sold oil for over $100pb and now that oil is just $55pb, Buhari has build the reserve over $30b. just watch and see, before the end of the year Buhari would have reversed the high rate beyond your dreams.

U dey mind children of 8? He met the reserve at $47b, 6yr average price of crude at $100pb, yet, rather than increasing that reserve, he depleted it with nothing to show apart from cheap rice. Now, a 2yr average price of $40pb, the reserve is being increased with some to salvage the Naira and some confused human beings will be making some funy noise upandan.

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Josephamstrong1(m): 8:21am On Mar 23, 2017
smiley
God abeeg o.
Till N150 we pray thee.

Re: Dollar Drops Below N400/$ For First Time In Seven Months by TPAND(f): 8:21am On Mar 23, 2017
alizma:

Jonathan left foreign reserve of $30b while he sold oil for over $100pb and now that oil is just $55pb, Buhari has build the reserve over $30b. just watch and see, before the end of the year Buhari would have reversed the high rate beyond your dreams.

Olodo... Thats is what you were told, How many years did oil sell for over $100 during Jonathan's regime. Ignorance is dangerous. APC accused Jonathan of lack of will to save, with this administration pumping over $3.2billion into the forex market in just one month, are they not also towing Jonathan's route.

Completely confused administration.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by TheSCRYPT: 8:22am On Mar 23, 2017
Seenyo:
I hope GREEDY/SADIST traders allow nigerians feel this positve development via their commodities!...
Imagine even GARRI seller blaming dollar rise for increase in price!

Ma fren, the truth is he has to. Let us do a quick analysis. 
You ma fren, Mr. Seenyo owns a cassava farm. And you have to
eat not just cassava but rice beans, plantain, buy oil buy other
commodities, however, you only produce garri. Meanwhile, the
price of rice in the market is now three times the price, what do
you do to make sure you are also able to afford the rice and not
sell all your garri just to buy 1 cup (derika) or whatsoever you
call it in your area? Would you not increase your own price too?
Ok, let us look away from that. Imagine I used to after harvesting
the cassava, transport it to the processing site at N50, now PMS is
now N145/l , it has now increased to N150, should I still after
processing my garri, sell it at the same price as I used to? So you
see, ma fren, it is not the garri sellers fault.

School fees has increased because, chalk has increased(Markers),
materials for uniforms have increased, tailors price have increased,
we can go on and on...
Oil to process garri has increased, even water to wash the garri sef
has increased, engine oil for the grinding machine has increased, the
cost of maintenance for the grinding machine also has increased.
You see my friend, until we start producing these things in-country and
exchanging them for forex, my brother, we cannot blame the garri seller.

We can go on and on, please, do not blame the garri seller. I know what
the go through. Up till this moment,
garri processing is not automated.

Abeg no mind the typo

6 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Oblang(m): 8:23am On Mar 23, 2017
tuniski:
When will it be 197 to the dollar and inflation drop to under 10%? If this yeye govt achieve that by 2019, we will forgive them while sending them away.

U think ur insignificant vote will do jack in 2019 right? Dream on...

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Rick9(m): 8:24am On Mar 23, 2017
Nobody is talking about the price of food that is still on the high side.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by vozkini(m): 8:25am On Mar 23, 2017
Jetleeee:
Isn't it time for us to celebrate this beautiful woman?



The so-called polytechnic graduate cleaning up the rot madam Phiil-lip-ina aka Eteyemi from Havard caused grin

Omo wa na ni smiley



Remember dollar is 199naira when they took office. Mind you. They are fixing what they caused. You guys are seriously sentimental. Your parents and mine caused it. Tribalism and ethinicism.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by seedorfg(m): 8:25am On Mar 23, 2017
grin
Re: Dollar Drops Below N400/$ For First Time In Seven Months by freekick: 8:27am On Mar 23, 2017
I wonder o. A ma da fun e o. Bami bere lowo e o. O toju su mi o. In fact some people ways of thinking needs formatting ah swear.
Nusaf:


So the govt reduced the price of crude oil and its output?

1 Like 1 Share

Re: Dollar Drops Below N400/$ For First Time In Seven Months by chukdy(m): 8:29am On Mar 23, 2017
it's indeed a good news.

anyone interested in Lead Ore,Zinc Ore and Gypsum should contact me on my email; chukdy64@gmail.com
Re: Dollar Drops Below N400/$ For First Time In Seven Months by freekick: 8:31am On Mar 23, 2017
opal4real:
What a bunch of dimwits!!!! Some idi.ots are celebrating absolute bunkum.

One moro.onic f..o..ol is even comparing the Polytechnic graduate with Ngozi Iweala. What a world!!!

Until it's 200naira to $1 there is nothing worthy of celebration, unless you are DIM.WIT!!!
And why that your iweala no make am $1 to 100naira when crude was above $100pb, goat. abi naira apprct. during in tym, na weak weak then weak am before then run comot leave am for 217naira.

4 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by twosquare(m): 8:34am On Mar 23, 2017
tdayof:
Can banks increase their international limit already? Dollar is getting okay and can someone help with banks that accepts Paypal.
Only a few can see through the lies of the CBN. I can't rejoice at this reason that those who need the money can't get it. Banks blocks Paypal transaction, Facebook ads and the likes for Internet marketers and people into online business and ecommerce. No one can access anything....so, they are now shouting Naira appreciates whereas they have blocked and made hard some people's livelihood. Let them remove those plugs and make it available for people online, and see if the true value of the Naira will not be revealed instead of this artificial creation.

Cc Egunmogaji
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Nusaf: 8:34am On Mar 23, 2017
Oblang:


U think ur insignificant vote will do jack in 2019 right? Dream on...

U dey mind dem? Just 5%.

1 Like

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