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Nairaland Forum / Nairaland / General / Business / Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting (19200 Views)
Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs / Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt / Naira Hits Record Low Of N1,348.63 /$1 At The Official Market (2) (3) (4)
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Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by MorataFC: 8:14am On Jul 21, 2023 |
Ok |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by bunnae(f): 8:14am On Jul 21, 2023 |
PissInside:oya enter market and see what you can buy with it. It favors no one jare. You are just better off when compared to those earning stagnant salaries. 14 Likes 3 Shares |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Beverlyjean(f): 8:14am On Jul 21, 2023 |
This man is very determined to break buharis records in record time 1 Like |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by saintbillion(m): 8:15am On Jul 21, 2023 |
PissInside:How much u dey spend on expenses? Hehehe. Or do u know the meaning of favouring? 3 Likes 1 Share |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Funkyswagzz(m): 8:15am On Jul 21, 2023 |
My fellow agbado people what is happening 2 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by eldoradoxx: 8:15am On Jul 21, 2023 |
Those who were telling Nigerians how Tinubu is the smartest person alive to be President can now see that even the semi literate Buhari was far better than Tinubu. When we warned Nigerians against voting Tinubu (just like we warned against voting Buhari), they called us 'IPOB'. 15 Likes 2 Shares |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by IdJack(m): 8:15am On Jul 21, 2023 |
Wahala, now the whole Country is facing economic hardship. Kindly, check my signatures for new updates. 2 Likes 2 Shares |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by justking(m): 8:16am On Jul 21, 2023 |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by flourish01(m): 8:17am On Jul 21, 2023 |
It is well.... |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by babaalagbo11(m): 8:17am On Jul 21, 2023 |
Hmmm naija what a country 2 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Steinmann: 8:17am On Jul 21, 2023 |
#DAY 54 (STOLEN MANDATE) PRAYER: Lord give us the leader we voted for. Petrol is now #630 Dollar is now over #800 We don't want a NEBUCHADNEZZAR 4 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Sangoamadioha1: 8:18am On Jul 21, 2023 |
slawomir: See this one cutting his nose to spite his face. Tell me after the nonsense you wrote, if you wouldn't still buy the fuel like others. You dey suffer but you dey happy say Tinubu dey mess up like say after Tinubu Nigeria no dey again. 3 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Zadicuszuranda: 8:18am On Jul 21, 2023 |
It can bro. what it cant take is the clueless druggie at the helm of affairs oluwaseyi0: 6 Likes 1 Share |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Illegal1(m): 8:18am On Jul 21, 2023 |
omoh..........honestly,i taught dis people(APC)were joking wen they said tinubu will continue frm were buhari stoped.. truth be told,i'm begining to miss buhari. dis tinubu wen i dey see so,go worst pass buhari... 8 Likes 1 Share |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Kion: 8:19am On Jul 21, 2023 |
Surely it will hit 2000 per dollar soon |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by 77up(m): 8:19am On Jul 21, 2023 |
slawomir:You remain the most foolish person on nairaland presently. You don't need you to tell us, we already knew that you Senseless lots happy about bad things , bad news is always good news to you all but what you forgot to know is that , everything happening is expected, Nigeria will be great , you all will be put to shame. 3 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Calitoscassius(m): 8:19am On Jul 21, 2023 |
ATEAMS:So what keeps food on the table,money in the pocket, rent paid, petrol cost affordable, school fees paid and insecurity problems solved? |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Branco6(m): 8:21am On Jul 21, 2023 |
Wahala |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by SpatialKing(m): 8:21am On Jul 21, 2023 |
Even the cost of corn 🌽 has increased 3 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by imbless: 8:21am On Jul 21, 2023 |
Faber: Please sir can I message you? |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by sihamey: 8:21am On Jul 21, 2023 |
Thank God I earn in dollars, the higher the rate the more money I earn. This will favor me and my family. If you are not earning in dollars enjoy the renewed shege in peace 3 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by eldoradoxx: 8:22am On Jul 21, 2023 |
oluwaseyi0:Exactly. The City Boy was obviously a village boy compared to Obi when it comes to understanding the dynamism of economic variables. You don't devalue your currency and leave it to float on the dictates of forces of demand and supply when you are importing, prices of imported goods like petrol will continue to skyrocket at alarming rate. No Volume of dollar you inject Into Nigerian economy will saturate it. People thinking that fuel price will end at #617 per liter should wake up. Recent changes in exchange rate to dollar will manifest in upward price changes soon. 4 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by clinician2x: 8:23am On Jul 21, 2023 |
004gist: U don't understand what I am saying. Tinibu said he has floated the naira and unified the exchange in the first 1 week of his regime. Why are we still having two separate exchange rates? He dragged the official rate from about 400 to equal the then black market rate of about 750 so that there is no more black market rate. So what is happening today? 3 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Illegal1(m): 8:23am On Jul 21, 2023 |
babaalagbo11:omoh.........i swr dis con3 dn tire me. |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by OneMillionBTC: 8:23am On Jul 21, 2023 |
See, provided there is still arbitrage between the official market rate and black market rate, someone is taking advantage of Us. If I can buy from banks at say 750, I will want to quickly sell to black market at 840. Even with a 90 naira arbitrage, I will gain 90 million naira if I sell one million dollars today. I don't know why CBN is behaving funny like they don't know our political leaders can use this or are even using this gap to their personal selfish gain. The solution to this is to allow everyone buy and sell dollars at the bank. If we have access to dollars at the official bank rate, no body will go to black market selling at a higher price. This will force the black market rate to come down very close to the official rate. If we have any arbitrage between the two markets, the highest gap should be 5 naira..... My take 6 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Elvis2kay: 8:24am On Jul 21, 2023 |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by obiekunie01: 8:24am On Jul 21, 2023 |
clinician2x: my broda i no understand this a.gbadorian gofment of deception fa!!! na them take their rotten teeth smelling tongue tell us say them don float naira that there is no more forex dual gate! now we are still hearing black market! THIS CBN GOVERNOR WILL MAKE EMEFIELE LOOK LIKE A GENIUS! AND WHITE POWDER SNIFFING DRUGLORD WILL MAKE BUHARI LOOK LIKE BEST THING AFTER MOI-MOI! 2 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by marvellous2222: 8:24am On Jul 21, 2023 |
sihamey:I don't expect you to talk like this, you enjoy this grace of God doesn't mean you wish other negativity.... 1 Like |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Gondonu: 8:25am On Jul 21, 2023 |
Nigerian money is not shit money. |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by ogmask: 8:25am On Jul 21, 2023 |
oluwaseyi0: It is a bad combo. Nobody does that. There's a saying that "if you want to eat an elephant you have to start from somewhere". Combining the subsidy and naira float is like swallowing the whole elephant which of course will choke. 2 Likes |
Re: Naira Hits N860/$ Record Low On Black Market Ahead Of Central Bank Meeting by Omazik: 8:26am On Jul 21, 2023 |
The Jagaban is working |
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