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CBN Confirms N410.25/$ As New Official Exchange Rate - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Confirms N410.25/$ As New Official Exchange Rate (27447 Views)

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Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Raalsalghul: 10:08am On May 26, 2021
And they are planning to increase pump price of fuel, times like this, I expect individual's to be wise.
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Teejay13(m): 10:12am On May 26, 2021
If they like they should place it at 1000. Unreasonable leaders.
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Nobody: 10:12am On May 26, 2021
Don't buy bitcoin buy dollar and hold 5 years later you will get your ROI when Dollar hits 1000 naira grin grin cheesy[color=#990000][/color]

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Re: CBN Confirms N410.25/$ As New Official Exchange Rate by daddytime(m): 10:15am On May 26, 2021
Who get dollars, euros, or pounds for sale?

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Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Ckonnet: 10:16am On May 26, 2021
iLegendd:
We warned them about Buhari, but they didn't listen.

I'm not supposed to complain because most of my money come in USD and GBP. Converting to Naira will look like money ritual.

Before 2023, it will be 1000/$.


Myopic reasoning, after converting it will you chew the money abi u no go use am buy skyrocketed whatever
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by adioolayi(m): 10:17am On May 26, 2021
You work from morning till night, round the clock, till end of the month...

You collect your hard earned salary, thinking you are atleast average earner...

You decide to flex small...only to find out your savings has no value of any sort.


We are finished.

2 Likes 1 Share

Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Jeferious: 10:17am On May 26, 2021
Wolfeye:
If you can get $ below 480 please show me where. LMFAO.
These old cargoes are just predictable.
Forget google, go and buy and show me where you will get it any less than 480.
The rate on Google is the official exchange rate. That's what the likes of Dangote and other well-connected individuals buy their dollars. It's not for the common man on the street, unless you fit wait for six months, and even at that, the rate is not guaranteed to be given to you.

#487 is the normal parallel market rate
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Trutherme: 10:25am On May 26, 2021
Export only crude oil and then at the same time import refined petroleum from other countries.

Person wey sell monkey and use the money buy dog still has something that squats in his home.

Thunder, why the delay? lipsrsealed lipsrsealed lipsrsealed

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Re: CBN Confirms N410.25/$ As New Official Exchange Rate by LifeOfTrigga(m): 10:32am On May 26, 2021
hisgrace090:
From one tell of sorrow to another.
but another joy for working boys wey get better maye until efcc been come reason m say what’s going on o
shocked
Omo!
shocked
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by CodeTemplar: 10:35am On May 26, 2021
The economy is in total disarray under these lifeless lot.

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Re: CBN Confirms N410.25/$ As New Official Exchange Rate by vcente(m): 10:35am On May 26, 2021
Donvic4u:


Which Canada's economy is tanking?
You don't know what you are saying sir
bro, Canada's economy is down by at least 11% since the covid 19, and its only recovering a little bit, now that oil prices are poised to guy higher. I should know, its a part of my job
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by jesmond3945: 10:39am On May 26, 2021
vcente:
Nigeria's problem is two fold, there is a lot of pressure on the cbn to turn our forex window into a free market, where only supply and demand can dictate the value of the naira. Unfortunately, such methods only work on stable political landscapes, like Canada, Australia and Japan. If Nigeria were to try that, we would end up owing more than we currently do, faster than you can blink. Nigeria is just a small fish in an ocean filled with sharks. N.b cbn should continue, Canada's economy has been tanking since the covid 19 pandemic
why do we leave who to blame and chase shadows? The problem with Nigeria is with buhari and his nepotism.

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Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Donpenny(m): 10:41am On May 26, 2021
The worse part is that once it goes up it never come down or normalize again. This is bad for someone earning in naira, it even affect salary earners the more. undecided

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Re: CBN Confirms N410.25/$ As New Official Exchange Rate by ELKHALIFAISIS(m): 10:45am On May 26, 2021
And they are campaigning for Tinubu bullion van thief that said he will employ 50 million jobless youths into Nigeria Army... Nigerians are the cause of their own unending problems

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Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Zhongkui: 10:47am On May 26, 2021
Facebook account for sale. 10+ years with over 3.5k friends
DM if you're a serious buyer
NB. No scam please
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Ojemalad(m): 10:50am On May 26, 2021
JESUS IS THE ONLY WAY.
Digitiminimi:
show us d way bro
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Justhere: 11:00am On May 26, 2021
that is the rate for the masses rate, what is our elite people rate?
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by shegzhkn: 11:12am On May 26, 2021
iLegendd:
We warned them about Buhari, but they didn't listen.

I'm not supposed to complain because most of my money come in USD and GBP. Converting to Naira will look like money ritual.

Before 2023, it will be 1000/$.


Lol, you freelance ??
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Sonn(m): 11:18am On May 26, 2021
Where are these BUHARI'S SUPPORTERS and his ONLINE WARRIORS? come on and sing praises to your principal BUHARI, he has done it again. Shameless set of people!!!!
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by visionmediapro(m): 11:18am On May 26, 2021
Time for Affilliate Marketers to earn more�

Imagine making sales of $500 weekly from CPA/Affilliate marketing....that would be 200,000 Naira plus ...weekly...

Knowledge is really powerfully .
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by arsetalks(m): 11:20am On May 26, 2021
iLegendd:
We warned them about Buhari, but they didn't listen.

I'm not supposed to complain because most of my money come in USD and GBP. Converting to Naira will look like money ritual.

Before 2023, it will be 1000/$.

Please stop this we warned them nonsense. Who would we have voted? GEJ was a disaster and only reason you and your kind talk about him is 1. Ethnic bigotry 2. The fact that Buhari has been a disgrace.

GEJ was rightly voted out but you don't see it because of sentiments and nothing more.

2 Likes

Re: CBN Confirms N410.25/$ As New Official Exchange Rate by arsetalks(m): 11:21am On May 26, 2021
visionmediapro:
Time for Affilliate Marketers to earn more�

Imagine making sales of $500 weekly from CPA/Affilliate marketing....that would be 200,000 Naira plus ...weekly...

Knowledge is really powerfully .
I have done this for 13 years and I give glory to GOD for saving me through the internet.

However, you are really not earning more in the real sense of it.

My $2000 is bulkier in Naira but has reduced buying power. Basically things are even level despite making more naira or even worst as some things will be far more expensive than they were.

1 Like

Re: CBN Confirms N410.25/$ As New Official Exchange Rate by ShootThemAll(m): 11:23am On May 26, 2021
Sai Buhari... Man of integrity. 4+4+4 grin

#BunchOfTerrorists
#EndNigeriaNowToSaveLives

3 Likes

Re: CBN Confirms N410.25/$ As New Official Exchange Rate by optimusprime2(m): 11:27am On May 26, 2021
So this means the Nigerian Naira and CFA Franc are almost at the same value...
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Mcslize: 11:31am On May 26, 2021
Coldshisha:
Hahahahaaaa

So in black markets we are looking at 470

One day one bad news from Buhari

Let them Kuku increase petrol to the 350 they are speculating, a kill us once and for all

See you. 470? The last time I sold dollar, it was 477. That's because I didn't even bother to bargain. Be looking at 490 for black market.

1 Like

Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Nobody: 11:32am On May 26, 2021
That's the official rate, the real rate is 600
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by zolajpower: 11:33am On May 26, 2021
Coldshisha:
Hahahahaaaa

So in black markets we are looking at 470

One day one bad news from Buhari

Let them Kuku increase petrol to the 350 they are speculating, a kill us once and for all
No we re looking @483 sir ...... Just last week wed I change $50 for #23900 which translate to #478 to $50
So now that CBN has increased it it should be 480-83 naira . And my fiancee they send me $400 see money grin
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Nobody: 11:33am On May 26, 2021
ChiefSosa:
May Anybody still supporting this government die a very miserable death. The death will be so miserable that people will piss on his/her grave. Generations to come will also piss and spit on the graves.
Cc
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by Burruchaga71(m): 11:34am On May 26, 2021
Praise the lord.. Alaluya
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by zolajpower: 11:37am On May 26, 2021
optimusprime2:
So this means the Nigerian Naira and CFA Franc are almost at the same value...
If not more than now my brother .

2020 Feb on my way to Ghana I change #5000 to cfa5100 . Just a different of 100 grin

1 Like

Re: CBN Confirms N410.25/$ As New Official Exchange Rate by nnamdi640: 11:44am On May 26, 2021
Where are the foot soldiers? Let them come and defend their best president they voted for
Re: CBN Confirms N410.25/$ As New Official Exchange Rate by zolajpower: 11:46am On May 26, 2021
arsetalks:
Please stop this we warned them nonsense. Who would we have voted? GEJ was a disaster and only reason you and your kind talk about him is 1. Ethnic bigotry 2. The fact that Buhari has been a disgrace.

GEJ was rightly voted out but you don't see it because of sentiments and nothing more.
God bless you for the input

Now this is what I am talking about. The other day on the field guys almost pull my head out of my body simply because I told them GEJ sacked himself from office not because we wanted buhari . I was safe by the whisker when I eventually analyzed the way they all need to see that if GEJ never issued a statement that corruption is not the same thing a stealing , then we won't find ourself voting for buhari .
The year 1983 was when my late dad lost is job in Nigeria airways , a time my dad was not due for retirement . The former MD of Nigeria airways one col. Banfa retired him and field the Nigeria airways with the northern people . Buhari had never been my choice , because we had no credible candidate to take the number one sit from the two morons we have as contestants then , hence buhari winning the presidential election

3 Likes

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