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Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ - Business (2) - Nairaland p5x4u

Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ (24343 Views)

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Iyajison: 10:24am On Apr 26, 2024
Hehehe


Emergency lovers of Nigeria
Over to you
SoNature(m): 10:24am On Apr 26, 2024
Tinubu cannot give what he doesn't have!

12 Likes 2 Shares

Shattuck(m): 10:24am On Apr 26, 2024
Damn cardoso what is happening
CrossRhodes: 10:24am On Apr 26, 2024
Hold you dollars tight....

Propaganda no dey save dollars oo

15 Likes 1 Share

Amumaigwe: 10:24am On Apr 26, 2024
post=129642410:


Source: https://www.google.com/amp/s/punchng.com/dollar-demand-pushes-naira-to-1420/%3famp

Dollar will peak at #2500 this time. The 'abitoshaker' holding it back is destroyed.

5 Likes

Zeezenho: 10:24am On Apr 26, 2024
Oluwole boys think say propaganda can run economy. .

11 Likes 1 Share

anonimi: 10:27am On Apr 26, 2024
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock

ThiefNuibu and his band of Lagos rogues are the real enemies with their looting spree that they have upgraded to Abuja.

Know your enemies to fight them accordingly.

14 Likes 4 Shares

Golan007: 10:27am On Apr 26, 2024
Malam used the word Greenback abi?

1 Like

Kaiser20: 10:27am On Apr 26, 2024
Some Yoruba guys at the Bar yesterday said that they are Tired defending Tinubu online, he is just a propaganda president full of lies and brainless.

14 Likes 4 Shares

Henix(m): 10:27am On Apr 26, 2024
Who doesn't know that what CBN has been doing is not sustainable

12 Likes 1 Share

Saao(m): 10:28am On Apr 26, 2024
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock
maybe she understands the basis than the government.

17 Likes 2 Shares

anonimi: 10:28am On Apr 26, 2024
Zeezenho:
Oluwole boys think say propaganda can run economy. .

Where is that smooth talker Osinbajo with his governance is not rocket science balablu town hall vibes

6 Likes 2 Shares

CrossRhodes: 10:29am On Apr 26, 2024
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock
You are dull indeed...
So it's Aisha you want to blame and not the clueless CBN man?

You are very dull indeed, if you know nothing about economics shut your gob and view comments.

Emotions and economics no dey mix

21 Likes 2 Shares

bobbybrown007: 10:29am On Apr 26, 2024
After Mr tinubu power grid, the next CBN governor to be taking to court will be this current one. Because all what they are saying and doing is very clear to a blind man.

No government will be as good as what past president of Nigeria did to maintain the stability of the economy just the way obasanjo handled the economy.

3 Likes

Blaze14k: 10:30am On Apr 26, 2024
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock

Why do you keep making yourself look more stupid than you already are

14 Likes 1 Share

Blitzking: 10:30am On Apr 26, 2024
post=129642410:


Source: https://www.google.com/amp/s/punchng.com/dollar-demand-pushes-naira-to-1420/%3famp
Sold my stash 2 days ago
Hezmatosky: 10:31am On Apr 26, 2024
grin grin grin grin grin grin grin
anonimi: 10:31am On Apr 26, 2024
virginboy1:
Una don start again.

2024 Year of Naira Vs Dollar rise and fall battle... lipsrsealed

I just hope last last Naira Truimphs sha undecided

Renewed hope of light at the end of the tunnel propaganda?

Or renewed hopelessness of realising that ThiefNuibu is clueless about the economy and propaganda won't help him at the federal level?

Which one of the two above

5 Likes 2 Shares

CrossRhodes: 10:31am On Apr 26, 2024
virginboy1:
Una don start again.

2024 Year of Naira Vs Dollar rise and fall battle... lipsrsealed

I just hope last last Naira Truimphs sha undecided
Hope? grin cheesy

So I have a car without an engine, ooh I hope this car takes me to benin from sokoto..... grin cheesy

Hope you say!?

5 Likes

NeckingNgulping(m): 10:31am On Apr 26, 2024
Tinubu will handle economy, Shettima will handle insecurity grin

3 Likes 1 Share

theredaddy: 10:32am On Apr 26, 2024
Anonimoux:
Nigeria and 'short term solutions to long term problems' ehn.
Who on earth uses reserves to subsidized a Foreign currency rather than looking for ways to earn the foreign currency. This country daftness dey shock me.


If you are so against short term measures what do nigeria have on ground that can compel a balance of trade

what are the things we have to export on ground for immediate earnings, if una dey talk make una dey try be realistic
seborrhic: 10:32am On Apr 26, 2024
Kaiser20:
Some Yoruba guys at the Bar yesterday said that they are Tired defending Tinubu online, he is just a propaganda president full of lies and brainless.
What has that got to do with the $ rise.
Whatsoever the government has to do to bring down this ₦ depreciation is welcome,even if the president is the devil.
People in Nigeria seem not to still grasp what the depreciation will do to the overall Nigerian economy and household,even despite having the dastardly experience early this year.
This one should go above party or individual affiliation.

1 Like

CrossRhodes: 10:32am On Apr 26, 2024
Blaze14k:


Why do you keep making yourself look more stupid than you already are
As in eh,
I'm guessing the writer must be retardedd or maybe it's 12 yrs old.
tegrianonigltd(m): 10:32am On Apr 26, 2024
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock


Because you all don’t understand economics, finance, just politics. Didn’t allow someone who has experience in banking, business ,finance, economics and politics to lead you.

Do you think they buy those experiences and put on CV??

Someone that was part of the economic team that wiped out national debt in 2000s, Una think say na small man?

Someone that did millions of pounds turnover business in the uk.

2 Likes

Donaldoni: 10:33am On Apr 26, 2024
Old news

Naira has appreciated to NGN1,300 on BYBIT cool
edungene7: 10:33am On Apr 26, 2024
We told those clowns jumping up and down celebrating the artificial rate that cordoso or corona virus is working you guys are a complete disgrace to your almata that is if you have any, propaganda can never out do the natural laws of demand and supply a country's currency value indicates her economy stability Nigeria is in deep shit APC should come out clean and tell the truth how they destroyed Nigeria through looting and massive corruption

2 Likes 1 Share

Niccoloimhotep(m): 10:33am On Apr 26, 2024
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock
ijiott, no hold your useless leaders able, dey there dey lament like arindin. People these days are just so stewpid and unable for their myopias. Na Aisha dey sell your crude Abi na she dey embezzle your resources. Oloriburuku alaini nkan se oponu akoda 😤

9 Likes 1 Share

mikeapollo: 10:34am On Apr 26, 2024
Namaster:
Tinubu did not understand the meaning of floating the Naira before they implemented it. The ARTIFICIAL Naira appreciation in the past few weeks is simply because the CBN had been furnishing BDCs with dollars at absurd rates.

Now that they've been called out for depleting the Foreign Reserves by trying to defend the Naira, they've cut back a little and Naira is finding its real baseline.

Fun fact: it's NOT there yet. The exchange rate will get worse.


I agree with you on the first paragraph! The Tinubu government is just cluelessly arrogant and arrogantly clueless! Totally confused set of people in government. You do not attempt to float your national currency in any developing nation because the imperfections in the currency market would make speculators to manipulate and skew the market against the citizens. What governments do is intervene and manage the exchange rate in a way that ensures price and other economic stability.
Now that the dollar had gotten to over N1,700 in recent past, there would be pressure from speculators to still push it towards that direction!

4 Likes 1 Share

CrossRhodes: 10:34am On Apr 26, 2024
Henix:
Who doesn't know that what CBN has been doing is not sustainable
Nairaland APC zombies don't know
Image123(m): 10:35am On Apr 26, 2024
Best performing currency in the world under attack. Very clear to see the deliberate attack. The sore losers will start asking for how much dollar is.
Yankee101: 10:35am On Apr 26, 2024
Tinubu has emptied his warehouse of naira to dollars
They’ve stopped ing the naira
Back to square one
Starpro87(m): 10:35am On Apr 26, 2024
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock

She is not an enemy, she was just saying the obvious. Some wise folks heeded the advise while some others took it with emotions.

Economies and nations don't grow by mere emotions and propaganda but by painstaking efforts that are geared toward yielding positive results.

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