Yesterday it was N340 and i was screaming......
Can anyone suggest what can be done?The Naira is on a FREE FALL!!!
Tuesday, February 16, 2016
The Naira Needs Help...OMG!
Yesterday it was N340 and i was screaming......
Can anyone suggest what can be done?The Naira is on a FREE FALL!!!
76 comments:
Disclaimer: Comments And Opinions On Any Part Of This Website Are Opinions Of The Blog Commenters Or Anonymous Persons And They Do Not Represent The Opinion Of StellaDimokoKorkus.com
Pictures and culled stories posted on this site are given credit and if a story is yours but credited to the wrong source,Please contact Stelladimokokorkus.com and corrections will be made..
If you have a complaint or a story,Please Contact StellaDimokoKorkus.com Via
Sdimokokorkus@gmail.com
Mobile Phone +4915210724141
Subscribe to:
Post Comments (Atom)
Nigeria!!! Which way?
ReplyDelete*Larry was here*
Cbn rate still 199??? How na?? Kai western union is killing me why isn't it going up as well hian
DeleteBuhari is the way..
DeleteStella, its simple.
DeleteProvide power and all the businesses that left nigeria will cm back.
Things will be cheaper cos the cost of production will drop as everyone uses generator to produce. Then we can now export. Also interest rate in japan is 4%, 9ja is 26%. How can we even compete?
All these people saying buy made in nigeria...do u know alot of things are cheaper outside than the obes made in nigeria?
Give it wings to fly
ReplyDeleteThis is such a disgrace
ReplyDeleteA whole giant of Africa is falling and there seems to be no way out.
Ass of Africa.
DeleteA bag of pure water is now 150.. Na God hand we dey ooo.
DeleteIt's not a shame, it's a wake up call but buhari seem to be still sleeping on motion
DeleteChange dole. Change is here. I am still positively positive. God is the only solution now. Prayer changes all things.
ReplyDeleteis well o.
ReplyDeleteIt gets worst to get better.
ReplyDeleteExactly dear.
DeleteWe'll just have to wait it out.
#WhiteDiamondOut
Hope in an hopeless situation.
DeleteKeep saying rubbish
DeleteIt's get worst to get better
Oil price would soon get to $10 a barrel. Maybe when it gets to $5 the president will start doing things right instead of blaming blaming blaming
Change is here. Yeye government
ReplyDeleteSmelling one.
DeleteThis country is in a BIG mess...
ReplyDeleteHelllllllllllllllllllllpppppppppp
ReplyDeleteI will have to relocate
It's well, even in the well.
ReplyDelete#WhiteDiamondOut
Can someone please explain the difference between the CBN and Parallel rate? If I'm changing from Pounds to naira, which rate will be used? Naira to pounds nko?
ReplyDeleteAre you blind or just decided to put shit in your eyes?
DeleteOde @ anon 14:05 You didn't have to be rude. I'm asking because when I use world remit, it uses CBN rate! The gap between the CBN rate and parallel rate is widening. I want to know why this is happening.
DeleteParallel means black market rate as in bureau De change.
DeleteParallel market is black market and where u get d most rate... if u see someone or you coming to Nigeria it best to come with cash and then get d black market rate
DeleteIf you use western union or remit you are short changing urself if you changing to Naira blc they will transfer at cbn rate.
Cbn rate only favours you if you changing from naira to another currency. Most banks wont give you dollar or pound now so they will direct you to blackmarket which is higher. Them too get sense . World remit only if its emergency. If not if u bringing foreign currency then change through black market / parelle
Transfer your money directly from UK to you ur account in Nigeria using agents at 460. Don't use western union or money gram.
DeleteWord remit ke....you are cheating yourself. So many transfer agent in london will give you a better rate. They wont give you 460 but can give you 440 naira to a pound. Stay away from western union, bank transfer or Remit ....at least for now
DeleteSomeone please tell me why there's no electricity. Please. ....
ReplyDelete*Ayah Shehu *
OMG!
ReplyDeleteBuhari should just throw in the towel. by resigning.
The situation is totally hopeless with him in charge
Hmmmmmmm, how won't it fall when the economy is down. You all wanted change?!!! Change is here!!!
ReplyDeleteIt is only God's intervention dt can help us in dis country.
ReplyDeleteNaija Naira's falling down, falling down falling down 2x
ReplyDeleteMay God help us.
Nothing...other than it shld keep falling,that way id gain 50 and spend 50.both ways,its a win win 4me
ReplyDeleteHahahahahaha..,
ReplyDeleteI will make one dollar equivalent to one naira!!..,
They were calling Jonathan clueless...who is the clueless one now?...
This is what you get when you give an illiterate old man power....
Ngwanu Buharia osetigo.,,
He will soon sell this country soon!..
Mtcheew...
Ehen, this woman cheated me yesterday she gave me 430 to 1 pound,I'm sending her this link.
ReplyDeleteWe shld patronise make in Nigeria goods.
ReplyDelete*made*
Delete2day I bought my bathing soap for 1,500 for one,something I got 1,100 last two weeks. May God help us here in naija. Salaries will not increase oh! I wonder how jobless people are coping. Lord,have mercy!
ReplyDeleteI500 cos u want to bleach...use our locally manufactured soap or use black soap like me.... I use that and coconut oil with Shea but and my skin glows like kilode...
DeleteOboyyy ehhhh... See gap
ReplyDeleteIt's not only help that naira needs, it needs deliverance. Let's use this Lenten season to fast and pray for our Economy. You can't even get a bag of rice for 11,000. I almost cried in the market yesterday after budgeting smoothly and planning to spend the rest cash on myself those market people changed everything for me, food stuffs are now so expensive. Lord help Your people.
ReplyDeleteWell done....God I pray for my country...
ReplyDeleteWe haven't seen anything. Let all the looters return all the stollen money abroad.
ReplyDeleteMake una siddon dey blame Buhari and keep praising the people that messed us up.
Stella,it will reach 1,000 to 1dollar. We haven't started o. Let's keep making jokes.
If all the looters return the money they stole it still won't help the economy. Know that..
DeleteThe country is dependent on oil and oil price has gone from 140 dollars (which is why the past administration had so much money to steal) to $30 a barrel ( which is why the government don't have any money at hand)
Best thing to do now is look onward and know how to move us out of this all
Do you know the list of people that have stolen??
Start counting down from obasanjo. Haven't you seen that the senate want to problem obasanjo for one of his frauds?? Not all but just one. Imagine other frauds he committed. Imagine the frauds of others for the past 16yrs..
Hell imagine the fraud from all those who have ruled us in the last 20yrs.. Even abacha messed up the economy if you don't know. They started collecting his loot since how many tears ago and still collecting
This is change Stella and change has come to stay
ReplyDeleteIf Buhari didn't take over. It would have been 4k to 1 dollar. What do you think is the effect of all these millions of dollars we hear everyday that has been stollen or seen inside sockaway? This is called a Rebound effect. After long hours of dancing the waist will be the one to feel the effect. Agbachaa egwu,onaa n'ukwu.
ReplyDeleteBig Fat lie. It even appreciated before he took over
DeleteLie of the century.
DeleteDollar wouldn't have gone this worst because they would have found a way to make things work with whatever they had left
This present administration knows nothing. He still thinks this was the 1970s
Emiefilie or what's his name...sack him.
ReplyDeleteBlackberry,pls shut up your pussy.FOOL
DeleteOnly the government can undo all of these... chai! And you idiot called pastors wife dare call me names when I said this government is up to nothing with the way things are turning out.... you see this? White Diamond and Co Oya o
ReplyDeleteBihari!
ReplyDeleteBihari!!
Bihari!!!
The man of change
This is serious,Buhari please do something.We're not seeing the change.
ReplyDeleteBut aba made things. Stella, it's so crazy right now
ReplyDeleteScarcity creates wants! The dollar is artificially scarce due to the measures presently put in place by the CBN. If said measures are relaxed, an increase in the supply of dollars would lead to a reduction in its cost on the parallel market(black market). Nigeria as a nation imports virtually everything we use hence the present policies aimed at reducing dollar consumption are just stupid. The naira can only rise if the nation as a whole veers towards production and exportation than this never ending importation we presently find our selves in. Truth is, most Nigerian made goods are not only inferior to their foreign counterparts, they are also markedly more expensive hence the urge for imported goods.
ReplyDeleteExactly...
DeleteCreating scarcity won't stop importation because we solely depend on it. And we can't start exporting so much items that we consume in a short period of time without putting some things in place..
Then again the cost of production in Nigeria is very very high. Compare prices of things from China and Nigeria and you will see the gap in price. Things from China only look expensive now because of the dollar issue but without it, it's very very cheap buying foreign things than made in Nigeria..
So cbn should relaxed that their policy because it isn't solving any issue.
The fall of naira is frustrating, where are the economists?....
ReplyDeleteGod will help Nigeria
ReplyDeleteGod will help Nigeria
ReplyDeleteOh dear!
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteYou are a medical doctor and you write this poor?...
DeleteMay God help this country...
The CBN is so annoying with their so called CBN rate!!! How can CBN peg their rate at N199 when the whole world is trading at N345??? meanwhile, when U pay for somethimg online, the same banks will exchange the currency at the black-market rate!!! Who is deceiving who??? The CBN needs to get it's acts right. Nigeria's CBN is an epitome of CLUELESSNESS!!!
ReplyDeleteThe Naira will keep falling if we keep relying on foreign based products. It has nothing to do with Buhari. Is it Buhari that made crude oil price fall or is it Buhari that drained our foreign reserve such that we cannot protect the Naira?
ReplyDeleteI think this bank rate thing should stop. Let's have the same rate as the black market rate. This will prevent people from importing things that are not needed.
As Nigerians, we need to focus on the future and not the 'now'. Let's work hard to build our Nation and stop depending on products from other countries.
Kindly list the things that aren't needed please
DeleteI would love to know the things we import that we don't need in the country..
You think it's easy to manufacture something in this country?? You all don't even know how the country runs but are quick to tell people to stop importing
It's like telling those abroad schooling to stop schooling abroad but come back to Nigeria to school. Since we have universities in Nigeria
Isn't it the same??
Until we learn to consume domestically produced goods, our Naira will continue to depreciate unless our income from crude oil somehow equates demand for forex. Jonathan and others before him laid the foundation for this mess that wants to cripple our economy. Nigerians are known to persevere and I am confident that, if Emefiele remains defiant of the cry to devalue Nigeria, things will get better eventually. Devaluing Naira will bring untold hardship to Nigerians because we import almost everything we consume.
ReplyDeleteIt's a bad time for our economy and we must all bear the grunt.
He should not devalue naira
DeleteBut he should make dollars available to Bureau the change
And give them a fix price
Anyone who goes beyond that price should be have their license revoked. And they should loose their Deposit of 35m naira
Explain to me what is made in Nigeria that doesn't need to get raw materials from abroad
Some of you don't know anything but have opinions that don't work
We can reduce importation by providing forex for importation of only intermediate goods. Regulating our secondary forex market is next to impossible, because majority of the BDCs are owned by bankers and their cronies.
DeleteWell well well!
ReplyDeleteWe are back to eat the vomit we decided to reject earlier. Two issues:
1. A certain government wanted to remove subsidy approx. 4yrs ago to date. The current set of rabble rousers battled him to a standstill in the name of politics. As a result we frittered x amount of usd on subsidy payments that could have gone to more productive areas of the economy like agriculture.
2. A certain Minister of finance in the last government said we should save our usd for a rainy day. Alas the basker mouth in Edo and a whole host of other short sighted people said what are we saving for when we are suffering now.
As it is we are suffering more. Until Oil price bounces up or the current government pulls its head out of the sand, stops playing politics and devalues the official rate.......we are in for a looooooonggg ride! Everybody brace up to fashi anything foreign. Worse still manufacturers will be laying people off for a while. Naija tighten your belt the ride has just started.
I remember the Osterity measure chant.
DeleteGod ll help us ooo,it is really getting out of hands. #First time commenting#
ReplyDeleteThe whole economy is a mess even with the exchange rate banks are ripping people off 😡😡😡
ReplyDeleteGod have mercy. It is well... My salary is almost worth nothing now
ReplyDeleteWe should stop importing things we can produce in this country. No country has developed by importing goods (even toothpicks!) from other countries. I pray the exchange rate gets to N1000/$ then, maybe just then, we will grow up! 55 year old baby! And people are here talking nonsense.
ReplyDeleteMake Buhari administration try wear the naira parachute to reduce the speed of the free fall. At least we go dey rest assured that the naira go land safely without scattering to pieces or better still make dem tell us were e go land make everybody bring mattress come put for ground wait for the fall. Dem think say to rule na guguru and groundnut.
ReplyDeleteWho said there is no way out? The problem with our government is that they like doing their so called hard work from the wrong direction.. How can devaluate our currency just to frustrate inportation and encourage home made products? When you know fully well we dony have the infrastructures in place to make it on our own... if we want to help the economy, it is very simple...reverse the decision of devaluation, and start building Nigeria from where it is suppose and needed. Devaluating wong change anything, it will only make us suffer with no result. Buhari has 4years in power, at most 8yrs but devaluating an economies currency takes far more longer than that to have it ls lts desired effect, with the right ammenities in place. I don talk my own....
ReplyDelete