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Nairaland Forum / Nairaland / General / Business / Naira Depreciates To ₦1,300/$ In Official Market (25065 Views)
Naira Depreciates To N1,305/$ In Parallel Market / Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens (2) (3) (4)
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Re: Naira Depreciates To ₦1,300/$ In Official Market by NOwazobia: 8:25am On Apr 24 |
StOla:Why do you keep on defending and consolidating your ignorance...! 5 Likes 1 Share |
Re: Naira Depreciates To ₦1,300/$ In Official Market by tnerro1(m): 8:28am On Apr 24 |
The naira is weak and needs help, just like a big brother defending his younger brother, cardi b should come out openly and say he will defend the naira for the benefit of the masses. There is no shame in that. P/s. Una go try throw small apology to Emefeli sha 4 Likes 1 Share |
Re: Naira Depreciates To ₦1,300/$ In Official Market by tctrills: 8:29am On Apr 24 |
StOla:Your anger is misplaced. It should be with the Tinubu government that can't seem to do anything right. 2 Likes |
Re: Naira Depreciates To ₦1,300/$ In Official Market by theredaddy: 8:29am On Apr 24 |
dettolgel: I cross the road with my eye opened common sense suppose tell you Maybe if i was born yesterday i would have believed explaining or shalaying will solve anything when dealing with Obedient/children of hate I mean what explanation has not being giving to sensitize the PUBLIC, besides why do we have to convince people to think good towards there country, No matter the number of times arsenal as failed me, i am still hopeful & optimistic arsenal will carry cup every season ... i can't just fathom why a Nigerian living inside Nigeria wil be jubilating and speculating the downfall of his/her country ... is that not madness |
Re: Naira Depreciates To ₦1,300/$ In Official Market by tnerro1(m): 8:31am On Apr 24 |
NOwazobia: Ignore him, he ate agbado for breakfast lunch and dinner, he is not in his right senses 1 Like |
Re: Naira Depreciates To ₦1,300/$ In Official Market by sonnie10: 8:33am On Apr 24 |
Cardi B only succeeded in doing palliative for BDC people with our foreign reserve. 2 Likes 1 Share |
Re: Naira Depreciates To ₦1,300/$ In Official Market by theredaddy: 8:34am On Apr 24 |
zinaunreal: You are entitled to your opinion, but at the end of the day his achievement are there to define him .... anybody for ur generation get 1st class The man has 4yrs , he never even complete 1yr only fools will make such hasty judgement |
Re: Naira Depreciates To ₦1,300/$ In Official Market by ThunderFireAgba: 8:34am On Apr 24 |
RuggedBiafran:Bro, no relent. Dey apply pressure Thunderfire Agbadorians worldwide 1 Like
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Re: Naira Depreciates To ₦1,300/$ In Official Market by Gboom: 8:35am On Apr 24 |
AqualinaXYZ:I agree 100% with you. Law of gravity is abnormal to Nigerians |
Re: Naira Depreciates To ₦1,300/$ In Official Market by zinaunreal(m): 8:43am On Apr 24 |
theredaddy: What he cant achieve in one year he cant do it in 4 years lets not fool ourselves here. Nigerias problem is easy to solve na them no wan solve am . I have educated your lame brain . School wastage. I and my sister have a firstclass(law) . if you know know who you dey follow cap close mouth empty brain 3 Likes 1 Share |
Re: Naira Depreciates To ₦1,300/$ In Official Market by InvertedHammer: 8:46am On Apr 24 |
/ I hope Timmi loaded at around N1050 as advised. /
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Re: Naira Depreciates To ₦1,300/$ In Official Market by MrBONE2(m): 8:48am On Apr 24 |
AqualinaXYZ: ![]()
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Re: Naira Depreciates To ₦1,300/$ In Official Market by Jlow2: 8:49am On Apr 24 |
Naira gains was not actually by production or exports, but by cbn supporting the naira ,by flooding the forex market with dollars, so it remains unpredictable that’s why the gains in naira did not reflect in the markets and prices of foods and commodities, you only see it on paper, it’s oluwole economics 3 Likes 2 Shares |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Lavor234: 8:51am On Apr 24 |
@ this point Tinubu has to have a new economic team |
Re: Naira Depreciates To ₦1,300/$ In Official Market by theredaddy: 8:53am On Apr 24 |
zinaunreal: Thats your opinion, its just like saying becos you didnt meet 4.0 GP in year 1 you can't never graduate with 1st class ... shey e make sense You sure sound like someone with Bsc in Law, how is that your sister she is now popular e remain you |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Caleycash(m): 8:54am On Apr 24 |
Beverlyjean:Same question is what you should ask about your naira appreciating yet prices of goods and services remain the same, infact even rising!, the whole country is abnormal!, strange things happen in Nigeria daily... so you want someone who earns in dollars as freelancer or trader to be on the losing side??, you too check am naa, is there anything normal there? 1 Like |
Re: Naira Depreciates To ₦1,300/$ In Official Market by ojonugba2014(m): 8:56am On Apr 24 |
Most of my earning na from crypto ( dollar) Dollar dropped, price of commodities no drop. I sold $100 ( usdt) on Bybit p2p yesterday night for #127,700 I happy I going out to buy rice ND other food item this morning. Make dollar go back to 2k/$ make we rest. With just my $5k I WL be living like a village King. Dollar wea fall from 1800 to 1100. Price of goods is almost the same . Na greedy people flood this country. 2 Likes |
Re: Naira Depreciates To ₦1,300/$ In Official Market by spartachico(m): 8:56am On Apr 24 |
Lol Raise ham Raise ham Raise ham |
Re: Naira Depreciates To ₦1,300/$ In Official Market by ivandragon: 9:01am On Apr 24 |
Bat, the cbn governor and supporters of apc are just airheads whose only bragging rights are that they are in government. Exchange rising or falling is actually secondary to the main problem Nigeria has which is the rising cost of living and diminishing purchasing power. This administration would do itself a favour by setting realistic targets. The 2014 budget of N4.9trn has outperformed the 2023 budget of N21trn. The government needs to ask itself why? How can a government have a budget that was over 300+ times its predecessor but has performed 1000 times worse. Bat and apc need to drop thier shoulder and focus on getting the country back to EQUIVALENT pre-2015 levels first, then work from there. Those giving blind support to missteps of this administration are not helping matters. That was the same way they blindly supported buhari. 1 Like |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Maliqcious: 9:03am On Apr 24 |
StOla:because the downward indicator seems like a Fugazi |
Re: Naira Depreciates To ₦1,300/$ In Official Market by zinaunreal(m): 9:05am On Apr 24 |
theredaddy: Emilokan go upgrade. I have two degrees one in nursing 1 Like |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Growing(m): 9:05am On Apr 24 |
This is exactly what happens when people focus on symptoms not root cause. What is the root cause of naira devaluation? Money printing. As long as money is printed virtually out of nothing, or even worse, out of debt, devaluation is a given. Everybody should educate themselves on what central banks actually do with the government when it comes to money printing. Let them pursue aboki, pursue Binance executives, do everything except stop printing money to stupor, naira will keep getting devalued. Look at history, there was a time when naira was more valuable than dollar. Money printing not Binance, not aboki, will take naira above 2k per dollar and even beyond. Printing money the way it is currently done should be a crime against humanity. Enough said. 3 Likes |
Re: Naira Depreciates To ₦1,300/$ In Official Market by ThunderFireAgba: 9:06am On Apr 24 |
Donaldoni:cc: Seun cc: Obinoscopy Rule 2 Rule 3 1 Like 2 Shares |
Re: Naira Depreciates To ₦1,300/$ In Official Market by dettolgel: 9:07am On Apr 24 |
theredaddy: I was right because of all the things you wrote up there, there is no single statement that addressed the issues I raised. Rather you were busy making it personal. I will humor you and come down to your level maybe we can make a head way. 1. Are you optimistic that Arsenal will do well down the road because you believe that they have the right players and right coach and that after every defeat the coaching team go back to the drawing board to review their error and try to adjust for the next game or you based your loyalty on blind trust? 2. If you invest in a company and year in year out they have been bleeding cash without any strategic move to turn things around will you continue to throw money in it or will only continue to throw money in it if you are certain that the new steps they took will yield profit? 3. If your answer to any of the above is solely based on blind loyalty then I am sorry to tell you, you are the type that can easily be manipulated into wearing suicide vest. By the way, because you weren't born yesterday does not automatically make you right. You could be old as Bleep and still be as dumb as a rock. 3 Likes 1 Share |
Re: Naira Depreciates To ₦1,300/$ In Official Market by iLegendd(m): 9:09am On Apr 24 |
Since goods have refused to depreciate in price, let it go back to 1900/$ so that those of us who mostly hold Dollars will smile too. Also, I want it to appreciate to 1000/$ to enable me convert my Naira to Dollar. I'm happy with any direction it takes. I'm only upset with market women. 2 Likes |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Caleycash(m): 9:11am On Apr 24 |
theredaddy:No body is wishing the economy to fail!... we all wish it well which should be realistic and showing in our day to day lives, you can't wish naira to rise yet prices of goods and services are the same and even rising, Where's the growth in the economy??, just deceiving ourselves while we languish in penury!, if it falls at least it's commensurate to the money we earn that's not wishing the country ill but being realistic! |
Re: Naira Depreciates To ₦1,300/$ In Official Market by garfield1: 9:12am On Apr 24 |
IfnobeGod20: Sorry how else do you want them to go into production apart from investing heavily in agriculture,restricting imports and encouraging local production through support for dangote,bua,innoson,Allen onyema giving financial grants to thousands of local businesses |
Re: Naira Depreciates To ₦1,300/$ In Official Market by ThunderFireAgba: 9:13am On Apr 24 |
nairalanda1:..And their land is desert(non-arable), but naija with oil and fertile land, ZERO input on its citizens!! |
Re: Naira Depreciates To ₦1,300/$ In Official Market by dettolgel: 9:14am On Apr 24 |
theredaddy: Please can you tell me one country that was built solely on "good-wishes" ? If there is any country that prayer and good-wishes could build that would have been Nigeria as far as the 90s Catholic church till date still pray for Nigeria after every mass. Other churches have organized prayer nights likewise Mosques. In fact 31st December in Nigeria is nothing but a prayer night for Nigeria by majority of Nigerians, yet this good-wishes is yet to surpass the "bad-wishes" of the few on NL and twitter space? Senior man abeg no dey disgrace yourself online. ![]() 3 Likes 1 Share |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Caleycash(m): 9:18am On Apr 24 |
Available9:You're right but even in tautology, you don't say depreciate upwards or appreciate downwards, that's incoherent tautology!... what's your aim in correcting him that replied instead of the moŕòn that made the initial blunder?? |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Treadway: 9:18am On Apr 24 |
dettolgel:well said. Very good analogies👌...Nothing more to add 2 Likes |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Timmi: 9:21am On Apr 24 |
InvertedHammer: My friend, the current rate is caused by the dollar appreciation against all currencies - pound, euro, etc. and has nothing to do with Nigeria fiscal or monetary policy. It is too early to roll out the drum. |
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