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Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement (21802 Views)

Naira Appreciates To ₦‎1,280/$ At Parallel Market / Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate / Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window (2) (3) (4)

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Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Alexis11: 6:07am On Mar 22
Tinubu will turn Nigeria conditions around for good.

2 Likes

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Yankee101: 6:07am On Mar 22
Control the price of goods that are pegged at an exchange rate of 1800 already

4 Likes

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by DrAkpamudehe: 6:07am On Mar 22

I can't be deceived. Until it goes below 800$ then I will give tunubu a pass mark. Until then, Apc and agbadorians should furck off

1 Like

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by everythingtall3: 6:08am On Mar 22
let it be stable, good one but bad time for business owners....

1 Like

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Funkyswagzz(m): 6:09am On Mar 22
Its now that the fg have started taking the right step dunno what he was smoking floating the naira
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Oshkosch: 6:13am On Mar 22
Don’t be deceived by the cosmetic and artificial appreciation of the Naira. We can only say uhuru has come when the Naira falls below 1000 to the dollar.
I don’t trust this propaganda government at all.
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Kukutente23: 6:13am On Mar 22
chopnaira:

Nlfpmod
https://dailytrust.com/naira-appreciates-to-n1382-after-7bn-fx-settlement/
Las Las dey had to peg the naira just like Bubu and Emefiele did.
So what was the point of the mumu floating and propaganda about reforms about?
Tinubu just suffered Nigerians for nothing
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Ofunaofu: 6:21am On Mar 22
EponObi:
No surprise to some of us who spotted the talent of Cardoso very early. Yemi Cardoso is Asiwaju's biggest and most valuable assets in this administration. I place him very far ahead of Tunji Ojo, Umahi, and Wike. The man got the hardest job in Africa and he's delivering.

The most amusing part of his journey is how simply he corrected the rot in the CBN and out financial systems. Genius is simplicity. The headmaster for a reason cool

Wale Edun needs to catch up. We are on the right track - I've always said it.

Some mumus will come to this thread to ask "why hasn't it reflected in the price of commodities in the market?" You people should ask your greedy and wicked market merchants and the importers, who will tell you they stocked their warehouses when dollar was very high - even those that haven't restocked since last year.

At some point the FG will go after merchants who refuse to let their prices reflect the economy reality.



The way you guys shower praise on these individuals makes me wonder.

How do you measure performance and growth?

How much was Naira exchanging for a dollar when Tinubu took the oath of office?

How much is it exchanging today?

Nigerians can only take these people seriously when the naira begins to appreciate below the #700 to a dollar when Tinubu took over. Not crashing the Naira to over #1900 to a dollar with its attendant negative economic impact, then begin to appreciate it to where it is today, and you are rolling out the drums, praising the same people who made the Naira worthless. 

Right now, you are blaming the marketers and importers, accusing them of being greedy. Who provided them that opportunity? Tinubu, through his thoughtless economic policies

12 Likes 3 Shares

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by DenreleDave(m): 6:21am On Mar 22
Meti99:
😅APC
Audio Promises Continues

Obirodent everywhere

3 Likes

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by tragergeorge(m): 6:22am On Mar 22
Rumundele:
Tinubu na real jagaban, this man don almost recoup the money spent on the election
How
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Newton1045: 6:23am On Mar 22
Nigerians are so wicked, Igbo traders making calls in the market to hear if dollar is going up...... They quickly double the prices


Now Dollar is down, they say old stock.

I swear to God, if I be Tinubu I ll jail dozen for years for their silly actions.

They make east unliveable. They spreading such attitude everywhere

13 Likes 2 Shares

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by bluefilm: 6:23am On Mar 22
Alexis11:
Tinubu will turn Nigeria conditions around for good.

You wish undecided
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Kingzjayzee: 6:28am On Mar 22
Honestey:
Gradually Gradually N1 = $1 Loading....
what century please?
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Wainey: 6:29am On Mar 22
Ofunaofu:


The way you guys shower praise on these individuals makes me wonder.

How do you measure performance and growth?

How much was Naira exchanging for a dollar when Tinubu took the oath of office?

How much is it exchanging today?

Nigerians can only take these people seriously when the naira begins to appreciate below the #700 to a dollar when Tinubu took over. Not crashing the Naira to over #1900 to a dollar with its attendant negative economic impact, then begin to appreciate it to where it is today, and you are rolling out the drums, praising the same people who made the Naira worthless. 

Right now, you are blaming the marketers and importers, accusing them of being greedy. Who provided them that opportunity? Tinubu, through his thoughtless economic policies 
You should rather ask how much was spent to keep the naira at 750.

Truth is that, we can't subsidize the naira for a long time.

10 Likes 1 Share

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Kukutente23: 6:35am On Mar 22
sleek214:

I keep telling people, a better Nigeria start with the people not the leaders. The leaders will be forced to do the right thing if the people do the right thing. The probability of good children changing their bad/ evil parents to become good parents is very high while the probability of good parents changing their bad/ evil children to become good children is low.
So how will bad parents raise good children

3 Likes

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by ivandragon: 6:36am On Mar 22
Good development.

350-400 is the goal.
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Ofunaofu: 6:39am On Mar 22
Wainey:
You should rather ask how much was spent to keep the naira at 750.

Truth is that, we can't subsidize the naira for a long time.

When the Naira was crashing against the dollar at an alarming rate, we were told by this government and their supporters that the Naira was finding its true value.

So what's happening? Is the naira appreciating to its true value now?

All this propaganda being dished out won't help this government; rather, it will destroy it.

Which one is subsidizing the naira? Every country defends its currency.

5 Likes

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Birniwa(m): 6:42am On Mar 22
In the past, every time Naira appreciates, the Dollar fights back even harder. But this time I tell you, we won't see anything like that. Thanks to Cardoso and his efforts of decimating the Binance's dollar speculators who have always been the driving force of our currency woes.

16 Likes

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Wainey: 6:44am On Mar 22
Ofunaofu:


When the Naira was crashing against the dollar at an alarming rate, we were told by this government and their supporters that the Naira was finding its true value.

So what's happening? Is the naira appreciating to its true value now?

All this propaganda being dished out won't help this government; rather, it will destroy it.

Which one is subsidizing the naira? Every country defends its currency. 
calm down, Binance was also playing it's part against the naira.

One thing is for sure, subsiding the naira is not good for the country, u can imagine some companies sell their products in dollars while operating in Nigeria, that is because they aren't sure about the value of the naira.
If we are going to be economically strong, we have to make these investors have faith in our currency.

6 Likes 1 Share

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Teymanhenry(f): 6:47am On Mar 22
FG should set up a committee that will check and control the market commodity prices. Only then will this dollar valuation directly affect the prices of our commodities. These market people are making our lives a living hell

7 Likes 1 Share

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by DenreleDave(m): 6:49am On Mar 22
Our resident nairaland Obirodent won't be happy about this..

5 Likes

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Indispensable85(m): 6:50am On Mar 22
Naira will never go below 1k again.
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Sheriman(m): 6:53am On Mar 22
tiswell:
Naira appreciation wen nor dey ever affect the high cost of goods and services in Nigeria,is that one appreciation?
I wonder oooo price of commodities still remains high
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by correkguy: 6:54am On Mar 22
Good news. But why cant we have access to the dolar is its falling?
Banks wont sell, aboki wont sell
Abi naira is only appreciating on news? No wonder things are still costly
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by tophempire: 6:57am On Mar 22
WE EXPECT PRICES TO START CRASHING... AND LET DOLLAR KEEP FALLING
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by RickyJesus: 6:59am On Mar 22
adamusuleiman1:


Even the Malam is telling people to dump the dollars they are hoarding as the naira will keep rising in value.
But technically he can still advice same even if he has some privileged information about the naira still falling in value in relation to the dollars later.

It's a win win for him, he is just advertising his market.

1 Like

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by femicyrus(m): 7:01am On Mar 22
teamoneline:
Next make the judiciary autonomous. Thank you
Can they pay themselves without funding from government?
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by gigabyte13: 7:01am On Mar 22
Another gbas gbos for the enemies of Nigeria.
Na small small
Na heart attack go keeeee all of una.
Una mind no go touch ground

3 Likes

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by VanuatuWycombe: 7:03am On Mar 22
EponObi:
No surprise to some of us who spotted the talent of Cardoso very early. Yemi Cardoso is Asiwaju's biggest and most valuable assets in this administration. I place him very far ahead of Tunji Ojo, Umahi, and Wike. The man got the hardest job in Africa and he's delivering.

The most amusing part of his journey is how simply he corrected the rot in the CBN and out financial systems. Genius is simplicity. The headmaster for a reason cool

Wale Edun needs to catch up. We are on the right track - I've always said it.

Some mumus will come to this thread to ask "why hasn't it reflected in the price of commodities in the market?" You people should ask your greedy and wicked market merchants and the importers, who will tell you they stocked their warehouses when dollar was very high - even those that haven't restocked since last year.

At some point the FG will go after merchants who refuse to let their prices reflect the economy reality.



The guy and his team are trying though but let’s praise that Ibo guys that did the investigation on CBN too. They did a very wonderful job.

4 Likes

Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Trustyourself: 7:04am On Mar 22
teadrake:
Before April, Naira will likely trade N800 against the 1USD.

Does that call for celebration?
Re: Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement by Brushstrokes20: 7:06am On Mar 22
Awesome.👍👍👌👌👏👏.. Keep up the pace! 💯💯🙌

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