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Nairaland Forum / Nairaland / General / Business / Naira Crashes To 1,030/$ As Speculators React (28248 Views)
Naira Maintains Steady Falls As Speculators Scoop Dollars / Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX / Naira Crashes To Record Low At Official Market (2) (3) (4)
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Re: Naira Crashes To 1,030/$ As Speculators React by Calitoscassius(m): 9:51am On Nov 07, 2023 |
MindOnMatters00:And next monfh and the next and the next, what about next year? And the year after? they are just clueless |
Re: Naira Crashes To 1,030/$ As Speculators React by Blaze14k: 9:52am On Nov 07, 2023 |
ogododo: Exactly I wonder why tinubu is shying away from production it doesn't make sense |
Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 9:52am On Nov 07, 2023 |
AroOkigbo:After he import the oil...who will buy the oil ? Shey be na NIGERIA Aliko Dangote will get paid by Nigeria, that same money will still be pumped into the system. Because Dangote major market for his business is Nigeria, so large chunk of the money NIGERIA will be paying Dangote will still be pumped back to the economy. So even if Dangote brings his oil from Russia or Gaza... Na still Nigeria go buy, oil consumption in naija is the biggest in Africa. Do you understand now Mr man ? 1 Like |
Re: Naira Crashes To 1,030/$ As Speculators React by Samade7: 9:53am On Nov 07, 2023 |
Naira doing like Chelsea; 1 win 3 loss. 1 Like |
Re: Naira Crashes To 1,030/$ As Speculators React by online4business: 9:55am On Nov 07, 2023 |
A rich country depending on a business man to help stabilize the naira? Nigerians are waiting for sunset in the east. Wish I was in 9ja would have brought more dollars... Easy profit in less than 30 days. Until legislooter and polifithians stop borrowing, looting and buying cars and others in dollars naira will be on a free fall. Free stuff and his gangs of paid patriotic should be more interested in how their legislooters spend their money. 1 Like |
Re: Naira Crashes To 1,030/$ As Speculators React by Atk1nson(m): 9:55am On Nov 07, 2023 |
Ikaeniyan0: Nigeria will devalue more as we go into Dec & Jan. Nigeria will be delisted from many key indices in Jan 24, fundamentals of the economy remain the same. A significant amount of crude is now used to settle oil-back loans, even Dangote refinery cannot get feedstock. 1 Like |
Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 9:56am On Nov 07, 2023 |
jaxxy:After he imports the oil... Who is he selling the oil to ? Shey be na NIGERIA...abi is he selling to America. We go pay am na...normal level We are paying someone who will still pump 80% of that money to the Nigeria economy via his investments and business |
Re: Naira Crashes To 1,030/$ As Speculators React by payaseriy: 9:57am On Nov 07, 2023 |
Kachidubem:in your village Abi ? Ur papa dey hoard dollar ? Always pointing fingers wen it doesn't favor u and claiming genius when it favors u |
Re: Naira Crashes To 1,030/$ As Speculators React by FireUpNow(m): 9:57am On Nov 07, 2023 |
The naira is really swimming against the tides of dollars. |
Re: Naira Crashes To 1,030/$ As Speculators React by jaxxy(m): 9:59am On Nov 07, 2023 |
Kachidubem: selling fuel to or kerosene to? |
Re: Naira Crashes To 1,030/$ As Speculators React by Ikaeniyan0: 10:00am On Nov 07, 2023 |
Atk1nson:I disagree with you, the naira will strengthen more against the dollar Dangote will get 6 million barrels of crude from the NNPCL in December. |
Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 10:00am On Nov 07, 2023 |
payaseriy:Better go and sell that your small 50 dollars to the nearest aboki for 50k....or else it might turn to 25 kpa soon Yesterday,person don loose 1.5 million asap Stop playing. God bless Nigeria God bless the Naira |
Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 10:01am On Nov 07, 2023 |
jaxxy: |
Re: Naira Crashes To 1,030/$ As Speculators React by Nobody: 10:03am On Nov 07, 2023 |
Ikaeniyan0: Na every week dem godey clear backlog? |
Re: Naira Crashes To 1,030/$ As Speculators React by Ikaeniyan0: 10:04am On Nov 07, 2023 |
emmachukwu99:It depend on the CBN. |
Re: Naira Crashes To 1,030/$ As Speculators React by Atk1nson(m): 10:05am On Nov 07, 2023 |
Ikaeniyan0: ok, wait and see |
Re: Naira Crashes To 1,030/$ As Speculators React by Ikaeniyan0: 10:07am On Nov 07, 2023 |
1 Like 1 Share |
Re: Naira Crashes To 1,030/$ As Speculators React by stagger: 10:08am On Nov 07, 2023 |
This Aminu Gwadabe guy, is he a lifetime president? He has been president of ABCON for as long as I can remember. 1 Like |
Re: Naira Crashes To 1,030/$ As Speculators React by Coolcat95: 10:12am On Nov 07, 2023 |
IVORY2009: The one's wey mumu pass na dem full nairaland |
Re: Naira Crashes To 1,030/$ As Speculators React by SpatialKing(m): 10:13am On Nov 07, 2023 |
magoo10: Na Statistics we go chop |
Re: Naira Crashes To 1,030/$ As Speculators React by sonofthunder: 10:13am On Nov 07, 2023 |
Kachidubem: 🤣🤣🤣🤣🤣 |
Re: Naira Crashes To 1,030/$ As Speculators React by SpatialKing(m): 10:14am On Nov 07, 2023 |
Ikaeniyan0: Story |
Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 10:14am On Nov 07, 2023 |
The site of Dangote refinery is already sending down shivers to dollar hoarders They will learn the hard way This is the biggest refinery in Africa...it will enable us generates more FX ,coz other nations will also buy from Nigeria...and they will be needing the NAIRA to buy oil in Lagos Nigeria ...but if they bring in dollars sha , we will collect sha Naira will gain massively 1 Like
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Re: Naira Crashes To 1,030/$ As Speculators React by nairalanda1(m): 10:14am On Nov 07, 2023 |
Make more things at home, export more homemade products, see naira crash to N10 to one dollar. |
Re: Naira Crashes To 1,030/$ As Speculators React by nairalanda1(m): 10:16am On Nov 07, 2023 |
Kachidubem: Dangote refinery is not going to help the naira much. The currency would still be weak. We need to do more than have one refinery or eight working. We still import stuff we can make at home...including electronics. Until your APC government diversifes the economy, nothing will happen. |
Re: Naira Crashes To 1,030/$ As Speculators React by zionstaar75: 10:16am On Nov 07, 2023 |
Patriotsleague:well said 1 Like |
Re: Naira Crashes To 1,030/$ As Speculators React by airsaylongcome: 10:16am On Nov 07, 2023 |
Kachidubem: Lol! Some of you really believe the propaganda hook, line and sinker 2 Likes 1 Share |
Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 10:17am On Nov 07, 2023 |
nairalanda1:Yes o Tinubu just dey use obi playbook ...bad guy... I'm still an obidient. But I'm loyal to my country first. God bless Nigeria God bless the Naira |
Re: Naira Crashes To 1,030/$ As Speculators React by sonofthunder: 10:17am On Nov 07, 2023 |
Kachidubem: It's still not as simple as that from my point of view. We need to up our production capacity so that local refiners don't deplete crude oil being exported. Even the Crude exports needs to go up. We should be looking to produce as much as 3.5 million barrels/day for both export and local refineries. 1 Like |
Re: Naira Crashes To 1,030/$ As Speculators React by Goodoldays(m): 10:17am On Nov 07, 2023 |
Patriotsleague: There is difference between staring at reality,see things for what they are,that is not evil.It’s one been real to himself When people were telling you guys the naira will fall this week,it simply means the approach to the problem employed by Tinubu is not sustainable.So my friend be real and stop day dreaming |
Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 10:19am On Nov 07, 2023 |
sonofthunder:Do t worry , we will produce ...Be positive ! By the way Dollar is now 995 at parallel market God bless Nigeria. |
Re: Naira Crashes To 1,030/$ As Speculators React by MindOnMatters00(m): 10:20am On Nov 07, 2023 |
Calitoscassius: 😂😂😂 Bros leave them. |
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