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Naira Strengthens To ₦1173 At Official Market - Business (2) - Nairaland 1cc6u

Naira Strengthens To ₦1173 At Official Market (22603 Views)

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ehissi(m): 11:07am On May 29, 2024
a
chiefolododo(m): 11:07am On May 29, 2024
Strengthens
pacesetting: 11:07am On May 29, 2024
Even cryptocurrency never fluctuate like this

2 Likes

LadyExcellency: 11:07am On May 29, 2024
The difference is money-tripping

1 Like

Mikuni(m): 11:08am On May 29, 2024
This is a lie

3 Likes 1 Share

kolamilan(m): 11:08am On May 29, 2024
Official and unofficial (black market) are different na
michoim(m): 11:09am On May 29, 2024
Na official we dey chop
khattab02: 11:09am On May 29, 2024
Hehehehe.. na democracy day joke abi na weytin?






Trial and error economy, I no dey fit believe anything from una again ooo
DeLaRue: 11:09am On May 29, 2024
The naira should stabilise around 1200 by the 3rd quarter and progressively improve to 1100 by first quarter of 2025 and so on.

The CBN should not be in a hurry to bring it down aggressively only to see it go up again.

Stability around a mid price point is better than going from extreme lows to extreme highs in quick successions.

3 Likes

Paraman: 11:10am On May 29, 2024
ChybuzzDD:


Based on what exactly

Most of you propagandists and praise-singers don't read at all.

How can you boldly ask this IQ reducing question

Last week the MPR was raised again and a lot of other steps that is taking by the FG, but you're here asking base on what exactly
Meti99(m): 11:12am On May 29, 2024
Naira had never been this unstable as it is in the last one year

1 Like

Devaro: 11:12am On May 29, 2024
Keep deceiving the fools

1 Like 2 Shares

khattab02: 11:12am On May 29, 2024
E be like say Dem done come to do another deceiving again ooo. Dem don come again ooo






All of the shaddy politicians

1 Like

Blaze14k: 11:12am On May 29, 2024
Na magic

1 Like

OKOATA(m): 11:13am On May 29, 2024
DeLaRue:
All I know is in a few months, the naira should stabilise around 1200.
Lol and does it affect the cost of living? Whether it's 1200 or 1800 what difference does it make? Make una dey deceive unaselfs.

1 Like

Peejayz: 11:14am On May 29, 2024
Devaro:
Keep deceiving the fools
abeg which platform is this
yhygajo(m): 11:14am On May 29, 2024
If you have a million dollar to try, i might tell you so you can get in on the action

GreaterFuture:
I sense some Unique, Reversely Unique Opportunities with this, buy I can't pin to any, yet.

People would be making money one way or the other, with this situation, but I don't know
Do you know any? Can you share or explain

1 Like

Sonofgod1990(m): 11:14am On May 29, 2024
One of my yahoo guy just cashed out about 1200k euros dis morning... am sure of about 100k into my bank . GOD THANK U OO
Trustyourself: 11:16am On May 29, 2024

1 Like

Blaze14k: 11:16am On May 29, 2024
Paraman:
700/$ before the end of July

What tinubu is doing now clearly shows he is using Nigerians to make money. How can you tell me dollar can possibly crash with speed of light and still go back up again and you feel there nothing wrong. You guys voted in a criminal

1 Like

Emeka71(m): 11:16am On May 29, 2024
alanto:
For real?
Anyhow things.
JuanDeDios: 11:17am On May 29, 2024
tunjijones:
Wonder why it keeps going up and down.

I know some people don't like this news.
If it's going up and down, nobody should like it, including you.

1 Like

Trustyourself: 11:17am On May 29, 2024
Paraman:
700/$ before the end of July



Do you have access to official rate
Blaze14k: 11:18am On May 29, 2024
tunjijones:
Wonder why it keeps going up and down.

I know some people don't like this news.

It's simply means business, a dubious one per se
sewa36447(m): 11:18am On May 29, 2024
This is Tinubu One Year Anniversary magic. If they can maintain it at N300/$ for one year, we can now give Tinubu an applause.
CountinBlessins(m): 11:18am On May 29, 2024
Paraman:
700/$ before the end of July

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
JuanDeDios: 11:19am On May 29, 2024
Bacteriologist:
The unified exchange rate has been deunified.

Or why are we having such spread between official and black market rate?

APC Tinubu and Voodoo economics are like 5 and 6 grin
And that's a problem. If it's N1,173 : N1,480, I'm really really concerned because it means arbitrage is automatically back. I hope the CBN fixes whatever distortions have led to this.
Ashirioluwa: 11:23am On May 29, 2024
tunjijones:
Wonder why it keeps going up and down.

I know some people don't like this news.

What’s good about the news? Please tell me.

How many Nigerians can get dollars at the official market rate?

Most Nigerians who need dollars for one thing or the others will go to black market, and the black market rate as of this morning is almost 1500 naira.

The western union rate is $1 to 1465 naira as of this morning.

Government officials and politicians can buy at official rate, but the general public will have to use black market to get dollars.
InvertedHammer: 11:23am On May 29, 2024
/

Misleading headline.

/
Kingrshd3: 11:23am On May 29, 2024
tunjijones:
Wonder why it keeps going up and down.

I know some people don't like this news.

Yes óòoo
JuanDeDios: 11:23am On May 29, 2024
SmartyPants:


Because one leads and the other follows[b] after a short adjustment period[/b]. I think that's fairly obvious.
Well, I hope so. This gap is too wide - it's not normal in a floating regime. Something not right is going on or has gone on. I hope the CBN steps up.
vibratingpenis: 11:23am On May 29, 2024
grin

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