"Naira crashes to an all-time low of N1005\/\u00a31, Nigerians react"

" Naira crashes to an all-time low of N1005\/\u00a31, Nigerians react \r\n\r\n The Nigerian currency has crashed to a historic low against the British Pound Sterling after crossing the symbolic N1000 mark at the parallel market.\u00a0\u00a0 \r\n\r\n The British Pound traded around N1005\/\u00a31 according to a tracker seen by Nairametrics on Sunday, November 7, 2022. Meanwhile, the Euro sold for about N865-N870\/$1.\u00a0 \r\n\r\n The rapid depreciation of the naira will likely affect inflation and encourage massive immigration of Nigerians to more stable economies.\u00a0 \r\n\r\n Reactions from Nigerians:\u00a0 Many Nigerians have had a lot to say about the development. Nairametrics presents some of the reactions seen on social media.\u00a0 \r\n\r\n Twitter user, OroGbiniie, complained about how the decline of the naira would affect the salary earned. \r\n\r\n Buwa Memeh expressed his displeasure with the government. He claimed that the naira crashing to N1000\/\u00a31 was due to the incompetence of the government. \r\n\r\n He\u00a0 said :\u00a0 \u201cIn @MBuhari\u2019s Nigeria, 1000 naira = 1 pound. The most incompetent President, Worst CBN governor, and most incompetent Finance Minister all serving at the same time and you expect Nigeria to grow.\u201d\u00a0 \r\n\r\nDr Idara Umoette complained about the massive increase in the price of imported products.\r\n\r\n She\u00a0 said : \u201cI thought this when the pound crossed the N1,000 mark. A skincare product that costs 80 pounds was 20-something thousand some years ago. Today? 80k pere.\u201d\u00a0\u00a0 \r\n\r\n \u201cLa Mer nko?? How much would the entire set of La Mer cost now? It\u2019s very painful to see the naira in tears like this.\u201d\u00a0 \r\n\r\n David O Aderinokun\u00a0 said : \u201cGod will seriously punish anybody that supports APC again, how the hell is \u00a31000 \u2013 N1,000,000.00? For the first time in my life, I\u2019m uncertain about the future. Which way Nigeria.\u201d\u00a0 \r\n \r\n \u00a0 "

"Naira crashes to an all-time low of N1005\/\u00a31, Nigerians react"

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