Naira Continues Free Fall On Official Window, Trades N1482.57/$ - Business (3) - Nairaland
Nairaland Forum / Nairaland / General / Business / Naira Continues Free Fall On Official Window, Trades N1482.57/$ (14334 Views)
Naira Falls At Parallel Market, Appreciates In Official Window / Naira Continues Free Fall, Depreciates By 11% To N927.19/$ At Official Market / Naira Falls To Record Low At I&E Window, Trades ₦993/$ (2) (3) (4)
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| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Yankee101: 9:25am On Jan 31 |
Under Tinubu black market became cheaper than official rate 1 Like |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Acidosis(m): 9:25am On Jan 31 |
They sold a lie to you all about Igbos taking over Lagos, so you can vote Tinubu. Well, Igbos have been living in nearly every part of this country for decades without issues. They have been living peacefully even in the most remote places. However, small and "ordinary" invasion of Fulani and bororo herdsmen, the whole country wants to scatter. Lessons will be learnt sha. As per the exchange rate, this is just the starting point. We haven't even seen anything yet. I will only begin to complain aggressively when it gets to #3800. #1500 is nothing tbh. 6 Likes 1 Share |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by chickenfoot: 9:26am On Jan 31 |
Na wa o, naija which way na? |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by money121(m): 9:26am On Jan 31 |
bjdon: |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Willie2015: 9:26am On Jan 31 |
ogododo: Can you imagine... Bought at N1450 yersterday for aboki hand |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Yankee101: 9:27am On Jan 31 |
If you want to hire a ‘banker’ to take care of fiscal and monetary policies please don’t hire a marketer like Cardoso or Shettima Hire an operations staff that knows banking not a marketer that chases deposits only and doesn’t know banking operations That’s why we’re in this mess. At least Sanusi had operations experience, even the woeful Emefiele handled the exchange rates better cos he knew operations 4 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Angelfrost(m): 9:27am On Jan 31 |
BigBlackPreek: Trust me, God will do nothing! He has done enough. God gave all nations on Earth the same resources and abilities to increase regardless of their level of faith in Him. I will never understand what more you Nigerians want God to do for you... To spoon-feed you with manna from Heaven?!! Simple unite and save your nation from criminals, una say NO! You will rather vote in people based on their religion, party affiliation, and ethnicity, then come months and years later begging God to save your nation! Una nor dey shame?!! 8 Likes 1 Share |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Angelfrost(m): 9:33am On Jan 31 |
Inspirer1: Lol... Don't talk rubbish abeg. Get small shame. Singapore, India, America (yes, America), etc were all in worse situations decades ago. It took honest, patriotic, and sound leadership to galvanize the people and get their nations away from the brink of damnation. They didn't sit down crying hopelessly up to Heaven like religious morons. You citizens take sides with criminals and lowlifes all because they belong to your religion and ethnicity... You can't unite to elect sound leaders... Yet you want God to do for you what other nations do for themselves! SMH. Lessons must be taught and learned by every Nigerian. Let the Fittest survive. 11 Likes 1 Share |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by jaxxy(m): 9:37am On Jan 31 |
We are playing with fire. |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Solofresh2: 9:42am On Jan 31 |
TheFreshVanilla:  |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Yorubafonja: 9:42am On Jan 31 |
I blame ewedu for this 2 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by olisaEze(m): 9:43am On Jan 31 |
And with no parachute in sight! You can't side with a bunch of criminals and think that honor amongst thieves will keep you safe from the consequences. Foolishness has a price and we're all paying the bill! 1 Like |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by JasonScoolari: 9:43am On Jan 31 |
Angelfrost: 2 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by ceeceeco: 9:43am On Jan 31 |
Tinubu is a wealthy man, Nigeria is a wealthy nation, and now Tinubu who's a wealthy man is now the president of Nigeria that's a wealthy nation & yet there's no positive change in the country, rather things are getting worse. Thank God say I dun japa leave the country for good. 1 Like |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Anunakeeh: 9:43am On Jan 31 |
ogododo: Cc:Michaelsokoto Wey that your laughing frog meme 1 Like |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Angelfrost(m): 9:43am On Jan 31 |
LifeofDream: Can't be Geegpay. Those ones are very conservative. They try to be lower than official Black Market. |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by zinaunreal(m): 9:43am On Jan 31 |
I came here and got bashed after making a prediction Nigeria can never succeed under Tinubu no matter what he does. His destiny was to rule but also never to succeed as a leader Keep dreaming of a better Nigeria under him you go wait taya. If you like dont brace up next elections to flush him out 6 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by sportskid(m): 9:44am On Jan 31 |
Okoroawusa: It will reach 40k by the end of his first tenure. I love the way you love him 3 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by panpan(m): 9:44am On Jan 31 |
When the federal government takes external loans, they are indirectly taking money from the Nigerian population through naira devaluation, increase in the price of petroleum products, and general inflation. 3 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by musicwriter(m): 9:46am On Jan 31 |
I just changed money at N1,450/$1 this morning. We are heading to N2,000 now. The good sad News is that Cardoso, like Emefiele would learn that everything he believes as economic truth from Western learning isn't reality. Now, it seems they're chasing an equilibrium between supply and demand. But it's all Western perceptual construct, not reality. Instead of chasing the illusive equilibrium, they should chase CAUSES of poverty in third world countries 1 Like |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by tojahh(m): 9:49am On Jan 31 |
Ma statistics we go chop? 3 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by sportskid(m): 9:52am On Jan 31 |
Honestly, I dey pity Mr President ooo. This failure will be Epic 2 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by hotseat: 9:55am On Jan 31 |
With the seemingly endless free fall of our once highly revered Naira to becoming what they call "toilet paper" it's now apparent that the Ministers in charge of our economy were over-hyped. Tinubu, the Lord of the Manor, was over-hyped! Wale E-dunce, sorry Edun was over-hyped! Cadaver, sorry, Cardoso was over-hyped! Na joro jara joro Government be this one. We thought no one would be as clueless as Bubu but Tinu-bubu has proved us wrong! @hotseat 3 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Dpharisee: 9:56am On Jan 31 |
IgnobleJay:Going backwards! 2 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by ariesbull: 9:56am On Jan 31 |
Angelfrost:very shameless clowns always calling God 4 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Bobloco: 9:56am On Jan 31 |
alimiadedayo1: What is the official exchange rate, and what is the black market rate at the moment? What was the black market exchange rate before the official exchange rate met it and exceeded it? |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by wonlasewonimi: 9:57am On Jan 31 |
Tinubu sef dey collect euros working from Paris. 1 Like |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by ariesbull: 9:57am On Jan 31 |
hotseat:you don't know Lagos Ibadan media...they are hype men....very noisy corridor 2 Likes |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Beuberry(f): 9:57am On Jan 31 |
BigBlackPreek:It should scatter quick. I m not enjoying the country 1 Like |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by JasonScoolari: 9:58am On Jan 31 |
Beuberry:Dear Hypocrite, This is you.... Stop talking from both side of your mouth. 7 Likes 1 Share
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| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Trybes(m): 9:59am On Jan 31 |
Beverlyjean:What make you think revolution will end it. Hardly you see revolution these days the forces would stop that remember Niger, Mali |
| Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Beuberry(f): 9:59am On Jan 31 |
JasonScoolari:Even though you v always been a bad boy fighting for your favorite politician to just get to power but you v made sense. Tinubu has failed so far! This is a terrible performance. Naira needs to grow stronger than before. No stable power for the past one month in most cities, increase rate in kidnappers too. 3 Likes |
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