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Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months (9922 Views)

Naira Depreciates To ₦‎1,300/$ In Official Market / Naira Plunges To N1,900, Rebounds To N1,354 Then Dips To N1,700/$ / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens (2) (3) (4)

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Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by MichaelSokoto(m): 11:00am On Sep 28
richmond500:
smh.
I am a supporter of Tinubu govt but I am not blind like u bruh.

Tinubu policies is anti people, none of his policies has yeilded any positive result.

Inflation, currency depreciation, loss of Jobs, insecurity, political instability, companies shutting down. All these are not something we want to see. Tell urself the truth abeg
Bless u baba!
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by lexy2014: 11:04am On Sep 28
helinues:


Same way you have destroyed this forum with daily senseless trolling monikers

Should you be opening your mouth to be talking about something you mastered

Rabbish

Does that negate what he said about tinubu?

1 Like

Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by lexy2014: 11:05am On Sep 28
richmond500:
smh.
I am a supporter of Tinubu govt but I am not blind like u bruh.

Tinubu policies is anti people, none of his policies has yeilded any positive result.

Inflation, currency depreciation, loss of Jobs, insecurity, political instability, companies shutting down. All these are not something we want to see. Tell urself the truth abeg

Why are u supporting him?
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by lexy2014: 11:08am On Sep 28
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by very4tune8: 11:13am On Sep 28
richmond500:
Oh sorry.
Knowing that u are jobless and always on nairaland 24/7, I felt I should just mention u. Since I am not sure other people may reply me cos I don't know if they work on Saturday.

But as for u, e sure me die say even Monday morning, u go reply person. grin

Bro your comment pain am die.
APC fit never pay monthly alawee for the job that he does on this forum.
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by richmond500: 11:15am On Sep 28
lexy2014:


Why are u supporting him?
He is better in nation building than the three candidates.

Atiku could be good but his motives are just to make his friends rich and it might come with a very heavy cost to bear, not like Tinubu own was better sha, but Atiku made his own clear and I am not ready to support that agenda. I'll rather support Tinubu with no known intentions that support Atiku whose intentions are known and is only for the elites.

Obi has heart sha but he is definitely clueless, You will hardly find an economist or nation builder in his midst, he only moves with comedians, protesters and movie actors. I like him but Nigeria is too complex to be in the hands of such a person who hasn't fixed his own circle, also Obi is too petty for me.

I know little about Kwankwasor and I have no issue with him for now.
So it's hard to admit but only Tinubu and Kwankwasor ended up having my support
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by RemiClitHoris: 11:20am On Sep 28
richmond500:
Oh sorry.
Knowing that u are jobless and always on nairaland 24/7, I felt I should just mention u. Since I am not sure other people may reply me cos I don't know if they work on Saturday.

But as for u, e sure me die say even Monday morning, u go reply person. grin
Hahahahahahaaaaaa.

This man you are very wiket. I doubt if you will make heaven.

Abeg leave Hell-Anus alone o. His mother have complained and cried to no avail how her only son have become useless in life.
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by RemiClitHoris: 11:24am On Sep 28
helinues:


Wow, so productive you have been monitoring how active I have been on this forum

It's just so funny when I read people saying they have been monitoring my activities as they are just too productive while I am not even aware of the existence of their monikers or the person behind it. We have got lots of mansions on people's head oo

That's 3daful oo
Oboy that man said the truth. You are jobless man living on Nairaland 24/7 supporting Tinubu and his wicked policies.

Go get a job. Do your mother a favour and save her from this tremendous torment you have subjected her to.
Get yourself a job, even if it's a POS operating job.
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by Oghene86: 11:25am On Sep 28
BeeBeeOoh:


https://www.thecable.ng/naira-depreciates-to-n1700-at-parallel-market-lowest-level-in-seven-months/amp/

He should just resign, there is nothing more for him to do simple, those clapping for can see how it's going, by December it will be 2000 to a dollar
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by Oghene86: 11:27am On Sep 28
RemiClitHoris:
Oboy that man said the truth. You are jobless man living on Nairaland 24/7 supporting Tinubu and his wicked policies.

Go get a job. Do your mother a favour and save her from this tremendous torment you have subjected her to.
Get yourself a job, even if it's a POS operating job.

Don't mind the idiot that his pregnancy should have been aborted, but rather coming here to torment people with their comments
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by Originalsly: 11:28am On Sep 28
Monday it will hit a lower level.... it will be going down hill for the next month. Again.... convert Naira to USD to cushion the blow... to compensate for inflation.
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by Kaiser20: 11:39am On Sep 28
And some stupid APC Nairaland supporters say make Nigerians No Protest, Joke.
Only Protest will create fear in Tinubu
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by yinkeys(m): 11:44am On Sep 28
Kaiser20:
And some stupid APC Nairaland supporters say make Nigerians No Protest, Joke.
Only Protest will create fear in Tinubu
Protests will only lead to people getting shot
We have unenlightened policemen
Like zombies who don’t think of the long term effects of their actions
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by ufotunang: 12:05pm On Sep 28
richmond500:
I think say Dangote fuel go ease the pressure on naira?
E be like na now the naira deh feel the most pressure
.its nigeria becoming a producing economy that will appreciate the naira against the dollars..more exportation and less Importation of goods..and nigerians to value patronize and buy what they have in their own country Nigeria...not everytime nigerians traveling abroad to school in foreign universities, go for medical treatment in foreign hospitals abroad, buy foreign SUV cars, Prado jeeps, buy foreign rice, foreign toothpick , foreign fuel, disel, kerosene and other foreign things..all this put pressure on the dollars and make the naira to depreciate against the dollars

1 Like

Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by ufotunang: 12:07pm On Sep 28
1700 naira to a dollar...Tomorrow now the incompetent Tinubu will tell nigerians to be patient that his economic policies are working....It's a pity
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by LordIsaac(m): 12:09pm On Sep 28
easyfem:
i have a sound friend that told me that TINUBU is working and that make me weak that nigeria are not ready for change , as long as we have some st**pd individual that still believe in this goverment, then its finished
It's the population. It can't be better than their leaders; the leaders come from the people.
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by InvertedHammer: 12:28pm On Sep 28
/
Take unnecessary emotion out of business.

Some people (probably not any better) will advise others into poverty.

Buy dollars around $1000! But some of you chose to listen to these two ladies below. Oh well ..

Pocohontas and doggedfighter grin grin

Tinubu and Cardoso have reset their brains.

/

1 Like

Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by obaidan: 12:30pm On Sep 28
Tinubu u do this one....no fear Mr. President they will still vote for u 2027, iwo lo kan, nothing wey anybody wan do.

They are ur slaves, dont worry when u are gone, ur child Seyi will still dominate their children they u ruled over then and their fathers
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by theredaddy: 12:54pm On Sep 28
richmond500:
I think say Dangote fuel go ease the pressure on naira?
E be like na now the naira deh feel the most pressure

is it that you dont watch news or nepa no give una lite from amukoko,

Didnt you read Nnpc and marketers threatening to import fuel more, to curb Dangote monopoly undecided
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by fortune1968: 12:54pm On Sep 28
I'm tired . I can no longer feed myself and my family with ordinary Titus fish or egg ! No more three meals or regular meals !
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by Dwightventures(m): 12:56pm On Sep 28
No further comments my lord!

Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by richmond500: 12:58pm On Sep 28
theredaddy:


is it that you dont watch news or nepa no give una lite from amukoko,

Didnt you read Nnpc and marketers threatening to import fuel more, to curb Dangote monopoly undecided
I don't sit in front of tv, doesn't matter if nepa give light or not, I never on tv for like a week now.

Though I heard the news of fresh import and the news never included NNPCL
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by Acme45: 1:11pm On Sep 28
richmond500:
He is better in nation building than the three candidates.

Atiku could be good but his motives are just to make his friends rich and it might come with a very heavy cost to bear, not like Tinubu own was better sha, but Atiku made his own clear and I am not ready to support that agenda. I'll rather support Tinubu with no known intentions that support Atiku whose intentions are known and is only for the elites.

Obi has heart sha but he is definitely clueless, You will hardly find an economist or nation builder in his midst, he only moves with comedians, protesters and movie actors. I like him but Nigeria is too complex to be in the hands of such a person who hasn't fixed his own circle, also Obi is too petty for me.

I know little about Kwankwasor and I have no issue with him for now.
So it's hard to admit but only Tinubu and Kwankwasor ended up having my support
continue o, the devil you know is better than the Angel you don't know. Thank God say you and your family and community people are buying things from the market daily. It will affects everybody
I'm a business man, if exchange rates goes up I will increase prices of my goods.

1 Like

Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by IbeOkehie: 1:14pm On Sep 28
A devalued currency is an advantage under the following conditions:

1) The currency is in a free float....as in completely floated and trading in an open market like the dollar, pounds sterling or South African rand or Japanese Yen.

2) The economy is liberalized - all markets, resources and production is privatized, ALL prices are deregulated, ALL factors of production private, all restrictions on imports & exports are scrapped.

Nigeria has chosen not to implement such free market conditions. For example, while the black market rate is 1700/$, the government mandated CBN rate is at 1640/$, meaning the gap is growing again. This is how trouble starts. Just leave the market alone to find its level.

Good Luck to Nigeria.

1 Like

Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by theredaddy: 1:15pm On Sep 28
Freetech:
Nigerian youth remain gullible. Can't you understand, government won't subsidized your foreign lifestyle again with borrowed fund.

Exchange rate is a function of your productions and consumption

As long as you consume more than you produce, your national will receive the heat.

What happened in Nigeria and other Africa countries is to continue borrowing to finance the lavish life of the few, who is living America life in their country

If you want better exchange rate drop your taste for foregn goods and start producing, be satisfy with what you and keep on improving until you have what you want

We refuse to learn, im expecting 5k to a $, maybe then we will learn to look inward


Do even know how exorbitant it is to running business in Nigeria, do you know how bad Tinubu and cardoso are mess up the economy with dumbiest fiscal policies ever
Business are most suitable to run on loans, we the current CBN MPR @ 27% how many business can survive such interest rate,
with electricity tarrif so high, fuel high and tax increment how in the world did a dead brain Tinubu hope to promote local production
Protest, you see the useless govt being proactive and running, what as Tinubu govt done to support and protect farmers to upscale farming

Reality check, local production across all board are inadequate and below demands cos of govt incompetences, it is only logical to supplement with foreign goods, where there is abundance of local produce foreign taste will fade
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by theredaddy: 1:20pm On Sep 28
Walai:
Yoruba should handover economy management back to Igbo, I have said it severally here. They demonized Emefiele and brought in Cardoso. Now breeze don blow, fowl nyash don show. undecided


Is Emefiele real igbo ... abi no be so una dey discriminate undecided
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by richmond500: 1:21pm On Sep 28
Acme45:
continue o, the devil you know is better than the Angel you don't know. Thank God say you and your family and community people are buying things from the market daily. It will affects everybody
I'm a business man, if exchange rates goes up I will increase prices of my goods.
I am also a business man.
All I am saying is that Tinubu might be bad but somehow when u listen to his 7point agenda, he talked about things he wants to do and I had to support him.
Obi didn't say anything except carrying his own bags from the airport and quoting figures that everyone knows about, no single plan on how to savage the country, which made me believe he is just a sympathetic clueless man, Atikus plan wasnt for everyone but his friends.
At the end of the day, only Tinubu talked about his plan to include everyone.
You can't blame people for voting Tinubu when ur candidate didn't say anything.
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by theredaddy: 1:26pm On Sep 28
richmond500:
I don't sit in front of tv, doesn't matter if nepa give light or not, I never on tv for like a week now.

Though I heard the news of fresh import and the news never included NNPCL


is it that your tv spoil abi you no get sub, i cant understand how person no go On tv in one week ... whu die
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by richmond500: 1:32pm On Sep 28
theredaddy:



is it that your tv spoil abi you no get sub, i cant understand how person no go On tv in one week ... whu die
No be everybody deh enjoy putting on tv.
After work, most times I get tired and just retire to bed. I have my laptop and phone to press
Re: Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months by Ykc2(m): 1:47pm On Sep 28
femi4:
Can you make 22M in Nigeria in a year

It's even better if you are in the UK. That's 25M naira in a year
no austria is better for me my wife na Austrian lady

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