Nazgul:
It's still on N1,606. The appreciation isn't massive.

Question is how sustainable is this appreciation? Something similar happened some months back. It even appreciated to 1k to $1. Then crashed after some weeks.

if you pay close attention to it in the last few days.
Then you will know the appreciation is massive, infact it is abnormal

just2endowed:
its normal. during december there seems to be significant inflow of dollars from abroad and every family will want to send money home to theior love ones. the inflow should stop by january.

You are right. Naira appreciated around this time last year too only to fall again in January.

Where is the appreciation?

Kpartners:
Let's see how far they can go
If it can be $1- #1,000 and remain stable for the next couple of years, it will be good

Look at the level we have gotten into, we now forget that once, dollars was $1=#150... infact, if Nigeria is well managed, naira can matched dollars one to one

lexy2014:


Is Binance no longer the problem?.

At what price did this administration meet dollar?

Binance was a speculative platform, it was a problem. And yes, this administration removed subsidy fraud on FX to harmonize the dollar rate.

Kukutente23:
Let us remember that APC took naira from 180 to 700 in 8 years, and then 700 to 1700 in 1 year before they start gaslighting

APC didn't take it from 180.
The 180 price was when the naira was defended and pegged to the dollar, we don't know the real price.
Though I'll appreciate it if it can come down to 400, anything less is not welcomed

oluayebenz:


1550... How many do you want? Let's deal

lets exchange contact first a lot of bad people dey here abeg let me know who wan sell to me ooooo

Bwanasaraw:


You are right. Naira appreciated around this time last year too only to fall again in January.

it didn't appreciate last year december

Call me when it returns to the level he met it before it tumbled.

richmond500:
APC didn't take it from 180.
The 180 price was when the naira was defended and pegged to the dollar, we don't know the real price.
Though I'll appreciate it if it can come down to 400, anything less is not welcomed

So what is the real price now?

PressMyButton:

Binance was a speculative platform, it was a problem. And yes, this administration removed subsidy fraud on FX to harmonize the dollar rate.

That's not what I asked you

1. Is Binance no longer the problem?.

2. At what price did this administration meet dollar?

What are you actually exporting that you want the naira to appreciate? Please tell us. Cheers.

Thank God.
We hope and pray for sustained appreciation of the Naira against all other foreign currencies
Kudos to all involved.

Redman44:
What are you actually exporting that you want the naira to appreciate? Please tell us. Cheers.

crude

It's appreciating cause its Yuletide period, people are selling dollars to celebrate

PressMyButton:

dey play.. There're more dollars inflows with euro bond and more FPI.

Costly dollars being borrowed via Eurobond. The issue is how sustainable can this be. This same thing happened early in the year and speculators initially panicked but now found out CBN and decided not to move an inch once CBN intervenes. For how long would we keep borrowing to sustain FX supply?

Abeg o, now way I wan convert my $ to Naira

See people that castigated GEJ for N211 dollars in 2015 jubilating over N1600 in 2024

Simply because he is our own tribesman!

What is the meaning of hypocrisy again please?

aylagos:
How much today I need dollar

1,595.

I don't sell dollars, just telling you the current rate.

aylagos:
lets exchange contact first a lot of bad people dey here abeg let me know who wan sell to me ooooo

Better make use of Escrow.

Forget all those drama. There is low demand for dollar now. Wait till January when people will travelling back

ajepako:

See people that castigated GEJ for N211 dollars in 2015 jubilating over N1600 in 2024

Simply because he is our own tribesman!

What is the meaning of hypocrisy again please?

Did anyone manipulate the dollar rate in 2015? Was it not manipulation that brought the Naira to its knees? Now, the manipulation has been nibbed in the board. We have every reason to be happy.

Kasieze:
Forget all those drama. There is low demand for dollar now. Wait till January when people will travelling back

that is not the rest, last year by this time, naira depreciated.

Redman44:
What are you actually exporting that you want the naira to appreciate? Please tell us. Cheers.

U actually do not need to shore up ur export to gain fx advantage on ur local currency... If u also reduce ur need for fx, ur local currency will appreciate... Example is saving massive fx by substitution geared investment like the Dangote refinery....

Nazgul:
It's still on N1,606. The appreciation isn't massive.

Question is how sustainable is this appreciation? Something similar happened some months back. It even appreciated to 1k to $1. Then crashed after some weeks.

Appreciations are usually gradual not rapid in most cases.

Cardoso type of P2P market is doing the magic. Also transparency and fairness in every sector of Nigeria then you will see Nigeria blossom, that's why they hate blockchain technology

kelvindj98:
Which one is why is naira appreciating. Una no want make e appreciate? When e dey depreciate una no ask question, Una just dey abuse Tinubu. Some of u Nigerians sef. U want bad things to keep happening so u can come here and be shouting Balablu, T-pain etc.

We need to know bro... that doesn't mean we are saddist just that we are tired of propaganda

lexy2014:


Is Binance no longer the problem?.

At what price did this administration meet dollar?

If finance wasn't curved the naira would already be hitting like 3k by now.......how did tinubu meet dollar isn't the issue,everyone knows naira has been devalued getting that pre tinubu rate isn't feasible except for people who want to keep deceiving themselves.....just take it as your ex gf that left you.

This is what they did March/April this year but it didn't last at all and no reason was provided

richmond500:
that is not the rest, last year by this time, naira depreciated.

The major depreciation of the naira happened early this year. By this time last year, it was just as depreciated as it was early in the year.