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Naira Drops To 242.5 Against Dollar - Business (2) - Nairaland x5h4

Naira Drops To 242.5 Against Dollar (17447 Views)

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priscaoge(f): 5:43pm On Jul 16, 2015
Odimma.....Still expecting them to fulfill their campaign promises embarassed lipsrsealed
Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:43pm On Jul 16, 2015
ChinoJeff:
No comment until I see that change that some clueless Nigerians have been disturbing my neighbourhood with.

God please Bring Back Goodluck to Nigeria. BBGN.

IT IS PARTLY HIS FAULT
Drgleave: 5:43pm On Jul 16, 2015
Hehehehe, soon it'll be 580.6 Naira to 1 Biafran Dollar.

7 Likes

STARGREEN(m): 5:44pm On Jul 16, 2015
CHANGE!!!
Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:44pm On Jul 16, 2015
Obijulius:
Buhari is the epitome of Cluelessness.

Only a Dullar_d will the old fool. A man who promised to stabilise the international price of crude oil.

Nigeria is in its final days.

And you people refuse to blame GEJ and his predecessors....who did not transform our economy....because if they had...we won't be here.
sorom4: 5:45pm On Jul 16, 2015
Naira fit turn to tissue paper under this istration!

1 Like

Neplusultra(f): 5:45pm On Jul 16, 2015
As at yesterday, mallams didn't even have enough dollars to change for people!
eye2sabi(m): 5:46pm On Jul 16, 2015
Hmmm ok na
Rastamann: 5:46pm On Jul 16, 2015
Nigeria we hail thee...
isher: 5:46pm On Jul 16, 2015
illiad:
AND NO ONE IS SCREAMING CLUELESS ANYMORE



NORTH AND SW




TWO PROBLEMS OF NIGERIA





Cluelessness is the cause of this. I am surprised that your for a clueless man has made you clueless as well. The current government has started spending nothing so it wad the previous government that squandered your children's money importing Palm oil, rice that you don't need and petrol that you should be exporting. When I see thoughtless posts like yours I get tired for Nigeria. Is it an IQ problem or a cowardice problem?

Okay let me try to explain things to you. If you spend all your money today you won't have anything to spend tomorrow so tommorrow always feels the effect of today's mistakes. I hope that is now clear?.

2 Likes 1 Share

arabbunkum: 5:47pm On Jul 16, 2015
The country is on an autopilot.

1 Like 1 Share

sunnyuche1(m): 5:47pm On Jul 16, 2015
Now, this is madness!
thaoriginator: 5:48pm On Jul 16, 2015
Buhari is doing great cleaning up GEJ's smelly mess

1 Like

Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:48pm On Jul 16, 2015
Where is Robert Zimbabwe (Not Mugabe) please?
I suspected a foul-play when he visited the Eagle Square for Buhari's Presidential Inauguration shocked

I foresee a strong competition very soon between the Nigeria currency and that of Zimbabwe....lolz tongue

2 Likes 1 Share

Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:48pm On Jul 16, 2015
dame16:
I miss jonathan cry cry cry cry cry cry cry
kilokeys:
Hypocrisy at its peak

Shekau slaps civilians and they faint.. They make headline news.. Everybody criticizing GEJ


Boko boys slaughter hundreds in just weeks.. And pple say its d signs of the End time

Buhari.. Chai

If GEJ was still around...the problem would still be happening.

You Jonah slaves forget simple economics....the oil price drop is due to the fact that we are still dependent on oil.

(Something which GEJ's transformation agenda forgot to correct)

Because oil prices have dropped....Nigeria no longer has the forex to buffer the naira..

Hence the fall in the naira.

Your Hero contributed to the issue....by not expediting action on diversifying the economy. By the end of his tenure...we were still oil dependent as we were in the beginning.

You people should stop blaming Buhari. For once....this isn't his fault.

3 Likes 1 Share

isher: 5:49pm On Jul 16, 2015
bushdoc9919:


IT IS PARTLY HIS FAULT

It is not partly his fault. It is wholly is fault. You guys go and read your economics books. Anyway the guy is going down. The new government will start releasing details of corruption during his era and an international dragnet will soon be pit in place with the cooperation. When they finish with them if you see governments 1 kobo you won't touch it.
fkpboss: 5:50pm On Jul 16, 2015
MuRAModu Buhari.....#5000 for unemployed youths, #1 to $1......Since my oga jona couldn't take care of it, who will ?

1 Like

kilokeys(m): 5:50pm On Jul 16, 2015
bushdoc9919:



If GEJ was still around...the problem would still be happening.

You Jonah slaves forget simple economics....the oil price drop is due to the fact that we are still dependent on oil.

(Something which GEJ's transformation agenda forgot to correct)

Because oil prices have dropped....Nigeria no longer has the forex to buffer the naira..

Hence the fall in the naira.

Your Hero contributed to the issue....by not expediting action on diversifying the economy. By the end of his tenure...we were still oil dependent as we were in the beginning.

You people should stop blaming Buhari. For once....this isn't his fault.

Fooooooo*coughs*oool

How does this explain the recent mass slaughter by the bh boys.. Wasnt it dwindling before the open-teeth grandfather came in?

2 Likes

brirold(m): 5:50pm On Jul 16, 2015
This istration has spent 2months now and all we see is tribal appointment/inter party crisis/revenge(Find my certificate that was never there). I just hope something good will come out of all this. I knw pple will blame this on the past istration. I jst hope and pray dat dis istration meet up to 20% of the expectation placed on them by our beloved Nigerians.

1 Like

sunnyuche1(m): 5:51pm On Jul 16, 2015
Drgleave:
Hehehehe, soon it'll be 580.6 Naira to 1 Biafran Dollar.

biafra currency is pounds not dollars
yorke1: 5:51pm On Jul 16, 2015
The mumu President is confused

1 Like

Obipat(m): 5:52pm On Jul 16, 2015
Me likey, thank God I'm into exportation. Dollar pls keep rising. I changed 300 dollar and couldn't believe what I got
JustCalMeDBoss(m): 5:53pm On Jul 16, 2015
America has turn nigeria to its foot stool, I just saw on tv that buhari praises american-iranian deal of iran supplying 300,000 liters of crude oil more hard time for this economy. The president is the true definition of a DUMBFUUCK. Licking the asses of western super powers just to be in their right books. But one question for u guys what happens if Democrats looses the coming election. Cos americans don't like hilary one bit. The equation just got complex.

3 Likes

Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:55pm On Jul 16, 2015
Will buhari be able to make a dollar at par with the 1 naira?Obama will not allow that to happen.
Re: Naira Drops To 242.5 Against Dollar by Nobody: 5:55pm On Jul 16, 2015
kilokeys:


Fooooooo*coughs*oool

Thank you.

How does this explain the recent mass slaughter by the bh boys.. Wasnt it dwindling before the open-teeth grandfather came in?

That is not the subject under discussion....and Boko was still active in the dying days of GEJ's rule.

1 Like

989900: 5:55pm On Jul 16, 2015
This is impoverishment!
Hakagure: 5:56pm On Jul 16, 2015
Any one who thinks Buhari controls the exchange rate lacks and understanding of Economics and History (not insulting any one o, just trying to be factual), look back to Nigeria between 1981 to 1983 to understand the history, once Buhari left IBB stopped defending the fall of the Naira and implemented SAP in order to get forex via IMF loan, the rest is history, look at the Euro and the Swiss Franc to understand Economics of demand and supply, Euro used to be like 1.3 to a dollar, now its 0.9 to a dollar, has nothing to do with Political leadership.

Naira value is based on demand and supply, Naija no get the forex to defend the naira on the way down. Brace yourselves.... downward pressure on naira is still continuing. With a predominantly import based economy and crude prices still low, we need to hit the sweet spot and I am not sure where that is. I am thinking 243- 253 should bring stability , there will probably be even more import controls, more Aregbesolas not paying salaries, austerity is staring Nigeria in the face.

1 Like

GentleFrank(m): 5:56pm On Jul 16, 2015
So bad ...
gozmok1(m): 5:57pm On Jul 16, 2015
Slow dullardimho in action 1naira =1dollar

1 Like

free2ryhme: 5:57pm On Jul 16, 2015
grin
maximilian19(m): 5:57pm On Jul 16, 2015
dis is an insult to nigeria, wat a mess, n he still dont dont want to learn.


american invo say " is not we ( American), will do for nigeria, but what we (america) will do with nigeria.

and d presi dont wat to learn.


God have mercy on this nation
God bless nigeria
Unsad(m): 5:58pm On Jul 16, 2015
The naira dey drop. I pray make e no drop out

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Naira Now N225 In Paralllel Market On Friday 25th June 2015

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