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Nairaland Forum / Nairaland / General / Investment / Naira(NGN) At 680 What I Think Is The Real Change In Price (912 Views)
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Naira(NGN) At 680 What I Think Is The Real Change In Price by Bitbibx: 11:57pm On Nov 11, 2022 |
Contrary to the general view that the appreciation of the naira is due to NGN strengthening, actually I think is the other way round, its due to dollar weakening
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Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Nobody: 5:32am On Nov 12, 2022 |
Do you think dollar will still rise from now till December? |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Munamoqel: 6:55am On Nov 12, 2022 |
LagosInter:why would it rise ? More dollars coming in by December from dispora for Christmas . Limitations on naira cos it will be in deposit accounts instead of circulation.. Cameron also changing cefa . inflation going down in US . It will crash futher . NNPC pumping more crude .sold at 840 . |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Nobody: 7:08am On Nov 12, 2022 |
Munamoqel: Does naira in deposit account pose a threat? Aren't transfers availabl? |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Munamoqel: 7:14am On Nov 12, 2022 |
LagosInter:yes na . The illegal naira that is supposed to be chasing dollars will be diving into the bank . Once the new naira is out no need to buy dollars again under pressure . |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Bitbibx: 8:26am On Nov 12, 2022 |
There is no indication of that happening, with the inflation figure, high energy and low consumer consumption figures. LagosInter: 1 Like |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Nobody: 11:15am On Nov 12, 2022 |
Bitbibx: Ok tnx |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Nobody: 11:16am On Nov 12, 2022 |
Munamoqel: Why would they put it in banks? They kept it away from banks since. So they might prefer to buy dollars instead |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Munamoqel: 11:25am On Nov 12, 2022 |
LagosInter:no they have stop buying dollars cos of instability .they properties and commodities which.are.more stable .the BDC don't have enough dollars to fed the need ! If I have 1bn to change to dollars I will not buy at the speculative price of 880 to make a loss in week to 500 I will.buy 10000 bag of rice 10000 bags of beans ,10000 bag of maize this are are more real than papper dollar ! 1 Like |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by alphabbey1(m): 11:54am On Nov 12, 2022 |
LagosInter:You are saying thanks to someone that doesn't know what he's saying. Check dollar's rate on Monday to confirm he's just a clown giving clown analysis.... |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Nobody: 11:57am On Nov 12, 2022 |
alphabbey1:hmm You mean dollar will still rise? |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Nobody: 11:57am On Nov 12, 2022 |
Munamoqel: Those commodities are not not easily transferable or convertible to cash 1 Like |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by alphabbey1(m): 11:58am On Nov 12, 2022 |
LagosInter:Its already rising. Contact any bdc near you. You will know |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Nobody: 12:14pm On Nov 12, 2022 |
Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by loucbou: 1:05pm On Nov 12, 2022 |
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Re: Naira(NGN) At 680 What I Think Is The Real Change In Price by Munamoqel: 2:11pm On Nov 12, 2022 |
LagosInter:very very easy at better margins . |
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