Chinkoalhaji34:
Wow, this is good news for Nigerians as the Naira appreciates and the dollar crashes after the CBNs decision to hike interest rates.

Calitoscassius:
Cement is still 1200 in my area.

Ashirioluwa:
But the prices of our products are still on the high side.

ezechi24:
Most of these tinubus zombies are actually more daft and stupid than an actual zombie.

How can you be celebrating dollar at 1450 to naira, thesame dollar you protested against when it was 150 in 2012 ...are you people this evil and dumb?.

Biggaboi:

When it comes to prices of goods and services in Nigeria the law of gravity doesn't apply😂

Benwallt:


They should have gunned you down

ThatCEO:
You cannot use the barrel of a gun to bring down dollars

I was going to the BDC in zone 4 Abuja yesterday, some EFCC/DSS goons blocked the road to zone 4 and asked me to make a U-turn

Anybody who has studied FX candlesticks for a minute will see that prices goes down for a while before continuing its upward journey.

Sanusi said d reason he was sacked was because he demanded that NNPC remit their dollars. You people's only source of FX is oil, yet NNPC go release one dollar

Now you have borrowed billions of dollars from ADB against future oil production

Binance r filing smart. If they wait for CBN to ban them, it means they now have to wait and lobby for CBN to unban them. But if they ban themselves, they wait a few weeks, naira crashes further n they simply unban themselves n continue trading That way, no illiterate can blame them.

All the BDCs r given $62M per month, is it for beans n dodo?
My aunt who has a drugs production company, by now, I know only her needs at least $1M monthly to buy raw materials

Boys have simply ported to other exchanges, d old men don't know how easy it is to move funds across crypto exchanges n continue life as if nothing ever happened. You only need just one working exchange, and I know at least one exchange that Nigeria can't mess with Una wan die...I won't mention Names.

Make una enjoy Jare, see you at ₦3000 naira to dollar

t2luv1:


Jesus H. Christ can at least enjoy the good news. Look at your miserable family lineage and tell us when that ever happened ? Doggone it I freaking hate stupid posts. Look at my previous postings Lord knows I am not in the bag when it comes to this administration, but when good things happen c'mon people be happy.

InvertedHammer:

/
Some people don't understand how it works. Months of hyperbolic crash and they are rejoicing over a few days retracement

It is coming down to a good price for speculators to jump right back in.
It did N450 to N1200 (wailing) down to N950( jubilation) and flew to N1900 (more wailing) and now retracing to N1450(jubilation)

What happens after it finds supports and enters a supply zone?
/

/

Halo22:
I hope all these hullabaloo about dollar would bring down the cost of commodities in the market. The direct effect should be positive for the common man.

Babastrong:


post=128694644]Pls drop further.
No reasonable person wants to see depreciation because it caused a lot of turmoil.
The things blabulu should have done before floating the Naira he is now trying to do after causing severe haemorrhage with his callous,nonsensical statements and policies.
Nigeria and its currency CANNOT withstand the severe damage a free floating of its currency will cause.
Assuming minimum wage in all sectors was about 100k from present 21k or 30k and the average earner was on 450-500k salary,then a free float would have sailed through and be absorbed[ki
lo

Richtaiwo:
The Obis praying for the fx to be 2000/$ because gringory lost election will be very sad with this news. They will soon start crying everywhere.

ThatCEO:
You cannot use the barrel of a gun to bring down dollars

I was going to the BDC in zone 4 Abuja yesterday, some EFCC/DSS goons blocked the road to zone 4 and asked me to make a U-turn

Anybody who has studied FX candlesticks for a minute will see that prices goes down for a while before continuing its upward journey.

Sanusi said d reason he was sacked was because he demanded that NNPC remit their dollars. You people's only source of FX is oil, yet NNPC go release one dollar

Now you have borrowed billions of dollars from ADB against future oil production

Binance r filing smart. If they wait for CBN to ban them, it means they now have to wait and lobby for CBN to unban them. But if they ban themselves, they wait a few weeks, naira crashes further n they simply unban themselves n continue trading That way, no illiterate can blame them.

All the BDCs r given $62M per month, is it for beans n dodo?
My aunt who has a drugs production company, by now, I know only her needs at least $1M monthly to buy raw materials

Boys have simply ported to other exchanges, d old men don't know how easy it is to move funds across crypto exchanges n continue life as if nothing ever happened. You only need just one working exchange, and I know at least one exchange that Nigeria can't mess with Una wan die...I won't mention Names.

Make una enjoy Jare, see you at ₦3000 naira to dollar

t2luv1:


Enjoy the pre-intimacy before the main course Okay

Katakata10:
Hmmm

ïgbos won’t like this

Procashtips:
By next week, we go know how far.

Alot don't understand the Forex/crypto market..

It's always up and down and when what's pushing a particular pair down isn't real economics, nature (market forces) will prevail.

Smart ones are bulling at every milestone.

opamoses1:


https://businessday.ng/markets/currency-watch/article/dollar-crashes-to-n1450-after-cbn-hikes-interest-rate/?amp=1

freeGiftOfGod:
Good news.

Better news is, Jesus loves you. Come to Him today.

ThatCEO:
You cannot use the barrel of a gun to bring down dollars

I was going to the BDC in zone 4 Abuja yesterday, some EFCC/DSS goons blocked the road to zone 4 and asked me to make a U-turn

Anybody who has studied FX candlesticks for a minute will see that prices goes down for a while before continuing its upward journey.

Sanusi said d reason he was sacked was because he demanded that NNPC remit their dollars. You people's only source of FX is oil, yet NNPC go release one dollar

Now you have borrowed billions of dollars from ADB against future oil production

Binance r filing smart. If they wait for CBN to ban them, it means they now have to wait and lobby for CBN to unban them. But if they ban themselves, they wait a few weeks, naira crashes further n they simply unban themselves n continue trading That way, no illiterate can blame them.

All the BDCs r given $62M per month, is it for beans n dodo?
My aunt who has a drugs production company, by now, I know only her needs at least $1M monthly to buy raw materials

Boys have simply ported to other exchanges, d old men don't know how easy it is to move funds across crypto exchanges n continue life as if nothing ever happened. You only need just one working exchange, and I know at least one exchange that Nigeria can't mess with Una wan die...I won't mention Names.

Make una enjoy Jare, see you at ₦3000 naira to dollar

Toluajib:
It's crashing heavily would go below 1k this month 9 month pain about to be over

opamoses1:


https://businessday.ng/markets/currency-watch/article/dollar-crashes-to-n1450-after-cbn-hikes-interest-rate/?amp=1

Toluajib:
It's crashing heavily would go below 1k this month 9 month pain about to be over

ThatCEO:
You cannot use the barrel of a gun to bring down dollars

I was going to the BDC in zone 4 Abuja yesterday, some EFCC/DSS goons blocked the road to zone 4 and asked me to make a U-turn

Anybody who has studied FX candlesticks for a minute will see that prices goes down for a while before continuing its upward journey.

Sanusi said d reason he was sacked was because he demanded that NNPC remit their dollars. You people's only source of FX is oil, yet NNPC go release one dollar

Now you have borrowed billions of dollars from ADB against future oil production

Binance r filing smart. If they wait for CBN to ban them, it means they now have to wait and lobby for CBN to unban them. But if they ban themselves, they wait a few weeks, naira crashes further n they simply unban themselves n continue trading That way, no illiterate can blame them.

All the BDCs r given $62M per month, is it for beans n dodo?
My aunt who has a drugs production company, by now, I know only her needs at least $1M monthly to buy raw materials

Boys have simply ported to other exchanges, d old men don't know how easy it is to move funds across crypto exchanges n continue life as if nothing ever happened. You only need just one working exchange, and I know at least one exchange that Nigeria can't mess with Una wan die...I won't mention Names.

Make una enjoy Jare, see you at ₦3000 naira to dollar

InvertedHammer:

/
Some people don't understand how it works. Months of hyperbolic crash and they are rejoicing over a few days retracement

It is coming down to a good price for speculators to jump right back in.
It did N450 to N1200 (wailing) down to N950( jubilation) and flew to N1900 (more wailing) and now retracing to N1450(jubilation)

What happens after it finds supports and enters a supply zone?
/

/

Lacash:
We are already seeing the impact as the prices of goods and commodities really crashed down today. God bless Tinubu, God bless Nigeria 🙏🙏

Katakata10:
Hmmm

ïgbos won’t like this

sportskid:
Many of the BDCs in my State are not selling or even buying. This government is funny, they want to use guns to repair the Economy by force? Let's see how things unfold

Lacash:
We are already seeing the impact as the prices of goods and commodities really crashed down today. God bless Tinubu, God bless Nigeria 🙏🙏

Richtaiwo:
The Obis praying for the fx to be 2000/$ because gringory lost election will be very sad with this news. They will soon start crying everywhere.