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Nairaland Forum / Nairaland / General / Business / Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window (18458 Views)
Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market / Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window / Forex Transactions On Investors & Exporters Window Hit $7.62bn (2) (3) (4)
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Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by phr0nesis(m): 6:54pm On Jun 21, 2023 |
Wow |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Streetdoctor: 6:54pm On Jun 21, 2023 |
sotall:I just took a walk around d hood and streetdoctor, mehnnnn nothing I mean absolutely nothing is working. See how people were folding their hands as if Nigerian is mourning one great man that just died. It is finished 1 Like |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Streetdoctor: 6:55pm On Jun 21, 2023 |
sthecy:What do u expect drug baron to do, perform magic? 2 Likes |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Nobody: 6:57pm On Jun 21, 2023 |
hopexter:the lesser the demand for dollar by Nigerias in our fx market the higher the value of naira and vice versa. Just like the price of garri in an open market. If no one comes to buy garri and the sellers are much, sellers would naturally reduce the price of the garri to any potential buyer. But this is not always the rule all the time. 4 Likes 1 Share |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by docsholz(m): 6:57pm On Jun 21, 2023 |
These man's policies will only make the rich richer and the poor poorer 3 Likes |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by hopexter(m): 6:59pm On Jun 21, 2023 |
franciskaine: Thank you very much. Now that is lowered, does that mean it is floating? |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by scally11: 7:00pm On Jun 21, 2023 |
Nigerians are the most st....d people on earth. Before the removal of subsidy on petrol they already removed on diesel, gas, kerosene and what did they do with the money? Ur guess is as good as mine. This past few days they have been hailing tinubu as the best thing after macdonalds while students are crying now. No forex for school fees. We tell them before, tinubu go tax poor to pay rich. While some people go dey shout on your mandate 7 Likes 1 Share |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Nolevel666: 7:01pm On Jun 21, 2023 |
Kobicove:Na bad thing if e float come down? Must it be floating up always? Those who buy things in foreign currencies will understand What one used to buy for 4500 before buhari and his cbn governor imposed restrictions on domestic card payments is now 8000+ Only those earning in foreign currencies will enjoy it. 1 Like |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Tianamen1: 7:01pm On Jun 21, 2023 |
Nigerians love effizy too much so that no economic progress can be made. Taxing houses, cars, clothes, and phones is the easiest way to stabilise the Naira. Tax things that are imported that are not necessary. If a family has two cars, they should pay a small tax. Once the family buys a third car, that third car should be taxed heavily. Every additional car should be taxed at a higher rate. The same goes for houses. So far, a house is not a rental. Every additional house must be taxed heavily. Tax revenues must then be used on basic education, housing, or healthcare for everyday Nigerians. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Streetdoctor: 7:01pm On Jun 21, 2023 |
hopexter:Lolssssss, what do u know about economy and markup 2 Likes 1 Share |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by hopexter(m): 7:03pm On Jun 21, 2023 |
Streetdoctor: You know yet you said rubbish😌 |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by stanluiz(m): 7:04pm On Jun 21, 2023 |
That's why IMF president was hailing Tinubu for officially devaluing the naira. 2 Likes |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Gbogbowa: 7:07pm On Jun 21, 2023 |
datola:dollar to naira is going to be stable between 800 and 850 and nothing will change until fuel importation stop even Dangote has lost his position as Richest man in Africa 1 Like |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Snitch24(m): 7:10pm On Jun 21, 2023 |
I still don't understand why the cbn website says otherwise |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by pquaver(m): 7:10pm On Jun 21, 2023 |
chatinent: All this long lamentations because we no vote obi.. Get it into your thick skull.. Obi is theworst of them all.. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Gbogbowa: 7:12pm On Jun 21, 2023 |
franciskaine:the naira will continue to fall as long as we are import dependent most of our building materials, supermarket items ,tools and machine including fuel are imported so no relief for the naira 1 Like |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Streetdoctor: 7:16pm On Jun 21, 2023 |
hopexter:I deal in figures and facts and whenever I see someone that knows about economy I will know. Tinubu does not know anything about economy, he only relies on people which does not go well as a president of Nigeria and coupled with the facts that he met a dead economy |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Image123(m): 7:22pm On Jun 21, 2023 |
It's expected in free float. Only an ignorant person will expect an immediate drastic and permanent reduction. What should be expected even is a shooting up first, then slowly coming down in months till it settles around 450 to 650. Then if our economy, infrastructure, security and jobs continue to see steady improvement. It should come down much further in years. 1 Like |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Blaze14k: 7:23pm On Jun 21, 2023 |
Tianamen1: Bro you sound like you angry with those that drive cars. What's up wiv the tax tin? 1 Like |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Vlibray: 7:24pm On Jun 21, 2023 |
SmartPolician: yes, but where are the agricultural produce ?. We need to up production first |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Beverlyjean(f): 7:25pm On Jun 21, 2023 |
They said dropped " SLIGHTLY " ... propaganda regime...una go hear am 2 Likes |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Ofunaofu: 7:26pm On Jun 21, 2023 |
Let the poor breathe..........don't suffocate them |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Tianamen1: 7:30pm On Jun 21, 2023 |
Blaze14k: I am only trying to help. I left Nigeria in November 2021. I am in the process of getting my green card now. I still love my country of origin and want the best for it. ps I predicted all that is happening as early as 2016 and started proffering my solution then. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by bitbillionaire: 7:33pm On Jun 21, 2023 |
stanluiz: Of course, IMF, World Bank and co are very happy with Tinubu for making Naira fall drastically through the so called floating. Because that simply means the interest Nigeria is going to pay on all her foreign debt will skyrocket! 2 Likes 1 Share |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by condralbedez: 7:39pm On Jun 21, 2023 |
sthecy:Tinubu might be worst than Bunari, mark my words 3 Likes 2 Shares |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by chatinent: 7:42pm On Jun 21, 2023 |
pquaver: I didn't mention Obi, uncle. Obi is a terrible politician. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by easytig(m): 7:46pm On Jun 21, 2023 |
God bless you 🙏 chatinent,you summed It all up,things are gradually falling apart,it's just a matter of time for corruption to finally kill Nigeria. chatinent: 3 Likes 1 Share |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Nobody: 7:50pm On Jun 21, 2023 |
Gbogbowa:ain't taking brief for the policy either, as I'm not a fan of this recent govt. Just explaining the policy in simple terms. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by isArray: 7:50pm On Jun 21, 2023 |
datola:I don't think everyone can seamlessly get it at the same rate from a bank, except it is sufficient, but the black market will always be available at a higher rate 1 Like |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Nobody: 7:52pm On Jun 21, 2023 |
hopexter:it's floating because no one fixes the price again. If the demand for dollar is so high that d sellers choose to sell for #2000, you and I will have no choice. 1 Like |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by easytig(m): 7:55pm On Jun 21, 2023 |
I walked round the hood and a ram seller told me he has sold only one ram at a loss out of the sixteen he brought from the north.all his customers the previous years are no where to be found.people price his rams,and just walk away with renewed hopelessness Streetdoctor: 3 Likes 1 Share |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Blaze14k: 7:56pm On Jun 21, 2023 |
Tianamen1: Don't you think before the president tax people that drive cars he should build alternative means of transportation like train stations. I believe the country u live in have the necessary infrastructure to make your life easier. We spend more and earn less.. I believe he should make the country more productive to balance economy 1 Like |
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