NewStats: 3,261,538 , 8,174,313 topics. Date: Thursday, 29 May 2025 at 03:16 PM 72x24

The exchange rate between the naira and dollar fell to N1,100 on the black market according to traders who sell forex per inflow.

Nairametrics obtained this morning quotes from select traders who confirmed quotes between N1,100-N1,110 for inflow. Inflows are forex transactions sold or bought over the wires.

The exchange rate at the official Nigerian Forex Market fell to the lowest ever point of N848/$1 on Tuesday marking a turning point in Nigeria’s exchange rate crisis.

This is a developing story….

Source: Nairametrics

Ok

Tinubu is a maximum clueless disaster

Before that criminal will launch the Banzia phrase hunger go don shift some people waist oo

May the strongest survive.

Tinubu is a disgrace to the south .
Imagine Buhari being economically better than U

KillIgbohoN0W:



Source: Nairametrics

Mynd44 seun nlfpmod

Tinubu has collapsed the economy.

That's part of the plan to grow(or rather swell) the economy.
Maintain lower forex rates then allow inflation ravage the country until 1USD goes for N2500. After that, calculate the size of the economy by computing Naira value of economy divided by lower I&E rates N770.

Tinubu is a genius indeed. He built Lagos and will do so for Nigeria.

The economy is heading for a total collapse.
Mainwhile, South Africa is preparing to displace Nigeria as Africa's biggest economy.

When They said we'll miss Buhari, una think say na play.....


Pepper don enter their eyes, even agbadorians no dey see better days again.

If you counter them about Tinubu's bad policies, they'll tell you PO would've have done the same.

Well if he would've done the same, then why didn't you vote him in?

You guessed the Answer right---- TRIBALISM

Can this economy still be redeem?

It looks like it's getting worst and worst per hours if not minutes

Tinubu is the most useless human being on earth



Tinubu you’re over 90yrs please don’t ruin the future of the young people



Instead of you to ruin 260million lives it’s better you kick bucket before 2024



I’m so sad right now

It will favor me and my family

Grandstar, this your post below when we had a riveting discussion in July in this thread below? How competent is the CBN so far, and how has inflation been arrested so far 4 months after??
https://nairaland.unblockandhide.com/7769524/620-per-litre-isnt-what/13#124544003

grandstar:


I like your response.

However, you may find this hard to believe but there is nothing to fear. A very competent CBN governor will arrest the Naira's fall and inflation spiral.

Tinubu has a history of appointing very competent technocrats and I am sure this will be no different. He should however hurry up!

Gerrard59, on one of your points/axioms, I completely yield today 18/10/2023💯. Truly and evidently you can NEVER lose betting against Nigeria true true. I exchanged some of my dollar stash a day before Cardoso lifted the ban on 43items. I still had some sort of optimism that despite the fact that I knew/know the guy is a dud, I thought he would still whip up some market sentiment that would create FUD driving the rate down a bit for like a month. I no know say he go pour petrol inside fire. I exchanged it at 1030, and less than a week later we are at 1070/1075 with 1200 very likely by next week. Smh

heading gradually to 1500 naira on or before MARCH 2024 and if the economic egg heads led by The APC led federal criminals continue without a corresponding viable ways to stimulate the economy, naira will likely be 2500 naira to 3000 naira to a Dollar in December 2024

Only Tinubu can do this..

KillIgbohoN0W:


Source: Nairametrics

I said in June just a few days after President Tinubu took over that this year will be the saddest for Nigerians, because using artificial intelligence we discovered that both dollars and fuel will all be above 1,000 naira by December 2023, and if not for the return of fuel subsidy both predictions are correct
It will not get better soon and I am sorry it is the plain truth
And don't forget Dangote is now a fuel importer

CodeTemplar:
That's part of the plan to grow(or rather swell) the economy.
Maintain lower forex rates then allow inflation ravage the country until 1USD goes for N2500. After that, calculate the size of the economy by computing Naira value of economy divided by lower I&E rates N770.

Tinubu is a genius indeed. He built Lagos and will do so for Nigeria.

It is well

🤔

Best time to earn in dollars. Shout out to all forex traders in the house...

Ignore the fake news. Naira is trading for 300 to the USD just as Tinubu promised earlier in April this year.


https://hallmarknews.com/president-tinubu-seeks-urgent-reform-in-monetary-policy-regime/amp/

USD will exchange for 200 naira next year.

Tinubu is a genius. Tinubu till 2031

😂😂😂😂

Naira to Nigerians:
I am going higher yes I am
I am going higher this year
I am going above the shadows
Into the realm of greatness
I am going higher yes I am
I am going higher this year

WHERE IS YOUR PRODUCTION LINE, EVERYONE SPEAK ENGLISH WITHOUT THINK WHAT THE ENGLISH CAN DO

Its ok, we're heading there.
Any thing yoruba, I wash my hands

D

Lobatan

God have Mercy

Book Our Apartment here :

https://nairaland.unblockandhide.com/7810806/imranshortlet-baruwa-ipaja-lagos-state

And someone will come out to say that people are praying or happy for the government to fail. The APC policies are simply not working and something should be done ASAP please.

Dollar rate fuel prices are two critical things in our economy and so far this istration is handling both very poorly

KillIgbohoN0W:


Source: Nairametrics

They might be an implosion the way things are going...

Tinubu is a disaster. If care is not taken, we may miss Buhari.

Seunmsg sh^me on you for ing évil government

Yarimo and benuejosh karma is coming

Only way, the hard way...

We must go back to the basics - fight corruption & insecurity, provide stable power and other stimulants to boost local production, investments, industry & agriculture.