Why Naira Continues To Fall As It Sells For 1,025 Naira Per Dollar

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  • Опубліковано 11 жов 2023
  • As Naira continues to decline, Nigerians may now have to further reduce their spending with the increase in domestic materials.
    Since the Central Bank of Nigeria allowed the naira to float at interbank market, there has been a further decline which has now led to manufacturers struggling to get raw materials with more companies planning to sack more workers or shut down.
    How can the average Nigerian now survive in the midst of this decline?
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КОМЕНТАРІ • 9

  • @HelenLoveGod_
    @HelenLoveGod_ 7 місяців тому +1

    I am furious, it’s not fair, this is mostly because of one word “ GREED”, smh!!

  • @rtdmyrs8030
    @rtdmyrs8030 7 місяців тому +1

    Your principal is now on the driver seat! He met the Naira at what rate. When Jonathan left, Naira was 200 to dollar and TVC was on his neck all the time! Now u have kept quiet on Tinubu ur pay master! Life😂

  • @kelechiowunnah1705
    @kelechiowunnah1705 7 місяців тому

    Nigeria don enter one chance.

  • @user-ig8vm7ur4x
    @user-ig8vm7ur4x 7 місяців тому

    Nigeria needs to declare a state of emergency to the int'l community to come to their rescue at this point bcos their government clearly don't have a solution to the situation they find themselves. Otherwise, it will get to a point where an average man will find it difficult to survive and may resort to anything possible.

  • @Fleandondeblizt5230
    @Fleandondeblizt5230 7 місяців тому

    Is only God can help us in this country from all this America and European Union why can't naira be higher than the dollar and Euro

    • @redman5250
      @redman5250 7 місяців тому +2

      God won't d shi

  • @t-point7569
    @t-point7569 7 місяців тому

    Dollar will hit 3k

  • @gameshunterworld4376
    @gameshunterworld4376 6 місяців тому

    😂😂😂😂😂

  • @atypicalafrican
    @atypicalafrican 7 місяців тому

    THIS IS THE FIRST PERSON I HAVE SEEN TALKING SENSE! The Naira is Undervalued and we have to much Liquidity.
    HAS EVERYONE FORGOTTEN THAT THE SUPREME COURT MOVED THE EXPIRY OF THE OLD NOTES TILL THE END IF THIS YEAR?
    We increased the Naira liquidity in Q4 2022 and didn't remove the old notes to balance things out, so we have excess Naira chasing limited Fx.
    By December when all the IJGB come home, they well bring Fx and by new years when the old notes expire it'll further strengthen the Naira.