Phantom233:
No be for dollar to crash o, I hope the phones we are buying 120k will return to 45k which it was before now. Talkless of Tv, refrigerator etc which have al risen by over 200% because of this so-called Dollar trash.

Exactly, that is the problem.

Tinubu is awesome!

How I wish Buhari made this kind efforts

As much as I'm happy abt the fall...what exactly was done to bring dollar down?
Not like we increased production/export or something

Damn! imagine how much you can make in forex trading with just a few pip move

Reality3080:
u igbos will never b satisfied even if it’s 1 naira to 1 dollar

The election loss is your driving force

Exactly,
NOT FOR THE LOVE OF THE COUNTRY THEY ALL CALLED ZOO.


WEERE PETER PETHIEF OBI WANTS TO RULE THE ZOO. 😆

LibertyRep:
As it is this morning on Geegpay

Remitano here

Max24:
Shame to the haters! They pray negative for the country but God is turning it to good. All their evil predictions and prophecies of their demonic pastors are going back to them. May all the good change in this administration favour me and my family !

An economist knows that these things are temporary fixes. They're only buying time.
When they exhaust all the fixes, dollar will gradually go back to its original rate.
We need more industries, foreign investors and export. That's the only way to truly appreciate the Naira

Enemy of the state won't like this they will come up with another excuse now ....keep watching.....

"Failure have no joy".

Dem don start to dey build kwashoko borehole in all community wey no send dem as a losers antics to save their failed faces.

Plus dem Minus dem nija go rise and we have already abandoned dem to dey cry up and down and after 2031 come dey blame politician for dem failed life.

If una like build your kwashoko borehole for my street I won't still support obi I no send you or ask you for borehole infact if una like build it in my compound I won't even thank you takless of supporting your Emperor who is building kwashoko boreholes to make people angry as if dem sen am

4+4=8

Nija for life.

.

Wetin concern u with naira,go and use ur biafra pounds...

keymatt:
These agbadorians are very funny they want us to celebrate mediocrity in the face of hunger they should take the Naira back to N180 where they met it in 2015 before we take their agbado govt serious.

koyeni:
As much as I'm happy abt the fall...what exactly was done to bring dollar down?
Not like we increased production/export or something

You have been learning economics from the man who receive advice from the mad man and his supporters.

Who tells you that it's just fiscal policy that influences the values of currencies?....its majorly monetary policy. Many countries have positive balance of trade but still have weaker currencies relative to Dollars.

Okay,from a lay man point of view,what increase happened to our imports within 2months of jumping from 900 to 1900??

Ofunaofu:


Mr. Cardoso, a genius

He will surely be a genius if the naira exchanges at N200 to a dollar where the APC met it in 2015.

Before it was where tinubu met it. Now it looks like it's going back to where tinubu met it with Nigeria in a better economic state.
Now you changed it to where APC met it lol.

Tinubu is doing wondes i hope this development will end the abject poverty im facing

Phantom233:
No be for dollar to crash o, I hope the phones we are buying 120k will return to 45k which it was before now. Talkless of Tv, refrigerator etc which have al risen by over 200% because of this so-called Dollar trash.

those ones will definitely crash soon.

It's locally produce good I don't trust because of how greedy Nigerians are.

PotatoSalad:

An economist knows that these things are temporary fixes. They're only buying time.
When they exhaust all the fixes, dollar will gradually go back to its original rate.
We need more industries, foreign investors and export. That's the only way to truly appreciate the Naira

What was your GDP when naira was 4naira to 1 dollars during Abacha regime??
What is your GDP now?
Forget all those mad men advice of production and currency value.Its purely monetary policy majorly!

pquaver:


But nathem happy pass say dollar is 1900

How?

Go read this thread to understand better because I sure say you don't what you are saying

https://www.nairaland.com/8060381/exchange-rate-what-now-true

keymatt:
These agbadorians are very funny they want us to celebrate mediocrity in the face of hunger they should take the Naira back to N180 where they met it in 2015 before we take their agbado govt serious.

You know that saying, anything that goes up in Nigeria never comes down.

This is the first of it kind, besides when it went up during buhari how much did it come down, even GEJ, or you forget there was a time Naira and dollar was the same.

GEJ met dollar- Naira @ 119, he left it at 230, that is almost 100% increase, oh! You think math was invented in your Geopolitical zone.

Nobody has ever forced this kind of reduction, before you quote me use your thinking cap, I don't respond to idiots.

tollyboy5:

Before it was where tinubu met it. Now it looks like it's going back to where tinubu met it with Nigeria in a better economic state.
Now you changed it to where APC met it lol.

Tinubu is APC and APC is Tinubu

flokii:
Something.that will still crash to around #750 in few months from now.

I'd say 3 weeks from now.

koyeni:
As much as I'm happy abt the fall...what exactly was done to bring dollar down?
Not like we increased production/export or something

tge demand for dollar reduced. People can't buy imported goods or import dependent produce fast enough to make the importers demand the old level of forex they used to. That means more dollar to meet lowering forex demand. Plus crude prices spiked a little. Export volume also jumped but is on a decline as I type this.

People saying N5000 to a dollar forgot that Nigerians have limited Naira to demand for forex driven goods.

I just hope and pray that the government should try and sustain this process because our national reserves is depleting but in as much ₦ is appreciating no problem but sustainability is the key. ₦ is coming of 700. Another thing is for prices of goods and services to drop. God bless Nigeria

I already changed at 1070 about 4 days ago on Lemifi. I believe it will settle around 600 when it's all said and done.

Tarrr... For which place

Ofunaofu:


Na Igbo Obidients make naira crash to N1900 to a dollar

Oh really? Why not kuku say na obi crash am naa?

prinsam30:



ur not even ashamed of ursef, u guys met it at 180 and now after shooting it up to 2k ur now celebrating 1k per dollar, can't u see how useless u all are

so you want it to be 180 in 2024?

2013 and 2024 na the same

Obidents will latch at any thing to lament. Keep at it. Lord is your strength. 7+ years to go.

Yourprick:
Road to 2k Keep your dollars closer

Oga news
Dollar is 1125.
Stop misleading people or better still come and sell your dollars to me for that 1070

Greedy Nigerians won't reduce their prices....
Thahs why I said and I maintain, Nigerians are the problems of Nigeria!!
Na we dey do ourselves

Let it come to 220 naira

CodeTemplar:
tge demand for dollar reduced. People can't buy imported goods or import dependent produce fast enough to make the importers demand the old level of forex they used to. That means more dollar to meet lowering forex demand. Plus crude prices spiked a little. Export volume also jumped but is on a decline as I type this.

People saying N5000 to a dollar forgot that Nigerians have limited Naira to demand for forex driven goods.

Thanks for your response

Basic123:

What was your GDP when naira was 4naira to 1 dollars during Abacha regime??
What is your GDP now?
Forget all those mad men advice of production and currency value.Its purely monetary policy majorly!

Ok.. you can bookmark this and come back in 3 months let's discuss.
A country that doesn't export goods or services and depends on imports dey play.
Me I don't care what magic they're doing. My only concern is how long can it hold.

Jayhome24:


Oh really? Why not kuku say na obi crash am naa?

No be me talk am o

I was merely reacting to a Nairalander

Dennisochampa:
Greedy Nigerians won't reduce their prices....
Thahs why I said and I maintain, Nigerians are the problems of Nigeria!!
Na we dey do ourselves

But if I bought my goods on high side like 1650 , do you expect me to come and sell it cheap when it is now 1070 naira