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Naira Gains Heavily Against Dollar In The Parallel Market (4038 Views)
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Icceyfrosh12(m): 5:49pm On Apr 02, 2024 |
Naira which was at 1900 per dollar as of last week made it heavily against Dollar today and is now at 1295 as of today Naira may fall back to 800 by June if it continues this way. Credit: Jolin stories on Facebook 5 Likes |
lordm(m): 5:58pm On Apr 02, 2024 |
If you have dollar please sell.
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excanny: 6:39pm On Apr 02, 2024 |
So N5 is heavy gain? You dey craze, walahi. 10 Likes 1 Share |
Onyeka90210(m): 7:18pm On Apr 02, 2024 |
excanny:Be like garri don blind this one finish 6 Likes |
jasent(m): 7:41pm On Apr 02, 2024 |
lordm:lol. Then never tell you? |
Kiapk: 8:48pm On Apr 02, 2024 |
lordm:very very bad advise. Advise due to political sentiments. The Naira will crash again. It sad that a slow gain of the Naira is giving you guys erection, even though ur senator Tinubu met it at a far lower rate. I'm not an Igbo man. As a matter of fact, i don't like the igbo man as much as u do. Although it inappropriate to say i hate an entire tribe because of a few bad eggs. But i always state the obvious. Sentiment aside, Tinubu is wrecking this country. u know it but choosed to console yourself with "we have to turn the country hard, to make it better for the future..." same fallacies since 2015 Tufiakwa 7 Likes |
ForValour: 8:57pm On Apr 02, 2024 |
lordm:The same advice Charles gave to nigerians when he was CBN governor, then naira was about 175. We all know how the story ended 1 Like |
grandstar(m): 9:07pm On Apr 02, 2024 |
The government should redenominate the Naira. It should remove 3 zeros.
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Kelklein(m): 9:14pm On Apr 02, 2024 |
Before you start jumping up and down, ask yourself should dollar be more than N300..🤔🤔🤔
7 Likes |
Kelklein(m): 9:21pm On Apr 02, 2024 |
Before you start jumping up and down, ask yourself should dollar be more than N300..🤔🤔🤔 Did you know that it is irresponsible leadership that took the dollar up.. To be very objective, the current government deserves commended for removing the multiple intermediary rates.. before now, dollar es through at least 4 different hands before reaching the BDCs, and also regulating the activities of the BDCs.. It shows a government that is 'aware', responsive and responsible.. before now, the president might not even be 'aware' that there are multiple exchange rates.. May we never experience that kind of leadership in Nigeria ever again. |
Peakdesign23(f): 9:25pm On Apr 02, 2024 |
Dry bone shall rise again.☺️
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free2ryhme: 9:29pm On Apr 02, 2024 |
Icceyfrosh12: I went to a Gtbank today and boldly displayed electronically buying $1 @ N1200 |
OkCornel(m): 10:13pm On Apr 02, 2024 |
300 naira to the USD as promised by Jagaban. Nothing less! 1 Like |
OkCornel(m): 10:15pm On Apr 02, 2024 |
Kelklein: At all o. Jagaban promised 300 to the USD in the “short term” as of April 2023. 1 year later, sycophants want to gaslight Nigerians into celebrating 1,200 to the USD. Interesting ain’t it? 3 Likes |
Joey4321: 11:10pm On Apr 02, 2024 |
OkCornel: I'm not a Tinubu fan. But calm down. The guy is making the right moves |
OkCornel(m): 11:34pm On Apr 02, 2024 |
Joey4321: No one held Tinubu at gun point when he made that promise. Or the one below… 3 Likes |
okeke6969: 1:55am On Apr 03, 2024 |
excanny: Can you imagine the lunatic. Their propaganda as usual. 2 Likes |
Gadafii: 5:01am On Apr 03, 2024 |
Imagine celebrating 5 naira gain over dollar in a country where even 100 naira can't even buy anything reasonable 😂😂🤌🤌 Until the naira is below 400/$ tinubu remains a failure, even buhari didn't fail woefully like this in his first 365 days in office 5 Likes 1 Share |
Xxxxtentacion2: 6:55am On Apr 03, 2024 |
Paid jobbers naira that will still fall...
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Roboto11: 8:01am On Apr 03, 2024 |
Kelklein: What do you produce for export as an individual,? |
heykims(m): 8:33am On Apr 03, 2024 |
Kiapk:Rubbish |
keymatt(m): 9:36am On Apr 03, 2024 |
Dem zombies will soon call this big achievement. ![]() ![]() ![]() ![]() ![]() ![]() 2 Likes |
keymatt(m): 9:42am On Apr 03, 2024 |
Kelklein:No mind them. ![]() ![]() ![]() ![]() 1 Like |
azpekuliar: 11:25am On Apr 03, 2024 |
Icceyfrosh12: The Naira was not N1,900 last week. 1 Like |
PARADIZEPRIEST: 11:28am On Apr 03, 2024 |
AMEN AND SO SHALL OUR NAIRA CONTINUE TO GAIN POWER OVER DOLLARS TO KILL ECONOMIC SABOTUEURS FOREVER IFSHA ![]() 1 Like |
BreconHills(m): 1:02pm On Apr 03, 2024 |
Kiapk: On what basis will it crash? You can't just make a statement without backing it up. The rate you guys love to quote 650 was achieved by subsidising the market by 1.5bn every month. That has gone. The aviation and The reserves are rising daily on the back of reduction in oil subsidy and higher than expected oil prices ( thanks to Ukraine) . Naira denominated bonds are being heavily oversubscribed ( in ordinary English foreigners are using USD to buy naira) And this is just the beginning. If you hold USD now without having USD obligation you are simply being foolish. The days of investing in the USD as an asset class without obligation are gone. This is just the beginning. |
MichaelSokoto(m): 1:23pm On Apr 03, 2024 |
BreconHills:Mr. Lecturer sir, wat was dollar to naira wen alaye took over? Don't bother providing evidence, Jez simple explanation from u sir! 1 Like |
Jeon(f): 2:37pm On Apr 03, 2024 |
.
3 Likes |
Globad(f): 4:13pm On Apr 03, 2024 |
excanny: It would have been heavy if it was a loss? |
BreconHills(m): 8:16pm On Apr 03, 2024 |
MichaelSokoto: Let reply your question since we are in the season of questions. Let us assume that the NGN was 650 to the USD. How much was being used to maintain that price per month? Let me help you. The answer is $1.5bn. If you factor that into the rate - then the NGN was never ever 400 or 650 or whatever you all use as your holy benchmark. Secondly, what was the speculators arbitrage? $200 that's the difference between the official rate of 450 and the black market of 650. Today that arbitrage is next to nothing. When you factor arbitrage cost and the $1.5bn, the current rate of 1250 - 1300 is far lower than your magic abracadabra 650. Nigeria is a far better position today than it has been in many years. Yes it's painful but you can't make omelettes if you don't break eggs. |
OkCornel(m): 9:20pm On Apr 03, 2024 |
BreconHills: 300 naira to the USD in the “short term” Jagaban - April 2023 |
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