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Nairaland Forum / Nairaland / General / Politics / A Dollar To Naira Now N1075.75 (8641 Views)
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Re: A Dollar To Naira Now N1075.75 by Godoverevery: 1:56pm On Mar 26 |
mrvitalis: So you need $500k cash to buy the machine?? Nawa oooo. |
Re: A Dollar To Naira Now N1075.75 by Hoelujohn: 1:56pm On Mar 26 |
mrvitalis:Do you know the BDC can actually make the naira 2500 overnight. They have the power over the rates. So if government paying them certain amount of money to bring the rates down, I think it's ok. For your info, I am a strong supporter of PO but anything that will make the economy better, I will support |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 2:10pm On Mar 26 |
Hoelujohn:BDC don't control rate oga they are too insignificant 10s if not 100s of millions of dollars exchange hands in Nigeria daily Bros enough you obviously don't know anything about the forex market 2 Likes 1 Share |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 2:10pm On Mar 26 |
Godoverevery:Have you imported anything before? |
Re: A Dollar To Naira Now N1075.75 by drlateef: 2:13pm On Mar 26 |
DaniellaDokubo: You are wrong. The foreign reserve is actually increasing. |
Re: A Dollar To Naira Now N1075.75 by PARADIZEPRIEST: 2:30pm On Mar 26 |
Only banks should sell forex stop hawking money on streets |
Re: A Dollar To Naira Now N1075.75 by Godoverevery: 2:38pm On Mar 26 |
mrvitalis: Yea and I didn't need raw cash USD to pay for the goods. |
Re: A Dollar To Naira Now N1075.75 by Babalegba(m): 2:48pm On Mar 26 |
rinzaugustine:Put your money where your mouth is .Buy dollars now. You should be able to sell at 3000 naira to dollar within two weeks. |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 2:49pm On Mar 26 |
Godoverevery:So how did you pay for your goods... Tell us |
Re: A Dollar To Naira Now N1075.75 by rinzaugustine: 2:52pm On Mar 26 |
Babalegba:do that all the time but I am trying to be a little bit greedy this time lol |
Re: A Dollar To Naira Now N1075.75 by Godoverevery: 2:55pm On Mar 26 |
mrvitalis: All you need to do is visit your bank if you run a domiciliary account and you be put through on that. Who needs $500k raw cash to pay for a machine......that person must be a criminal. 2 Likes |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 2:57pm On Mar 26 |
Godoverevery:I never said you need $500k I said you need $500k let me correct that Ok so how would you get the money to put in the domiciliary account in this case $500k |
Re: A Dollar To Naira Now N1075.75 by Godoverevery: 3:01pm On Mar 26 |
mrvitalis: Bro Vist your bank abeg. You can convert money in local account now....the dollar equivalent you need will be credited in your domiciliary account while the naira will be deducted. Only shady people need raw dollar to import goods. 1 Like |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 3:06pm On Mar 26 |
Godoverevery:I done catch this one... Lmaooo obviously you haven't imported anything substantial before Firstly if you want to go through the bank you don't need a domiciliary account, you just go to your bank and request for "form A, M or Q " Depending on what you want to import Banks withdraw the naira equivalent and process your dollar demand with CBN Now what's the problem? It can take 3 months of you are lucky to 2 years... Some people have finished masters abroad banks haven't paid their school So a business man like me should suspend my business and wait for CBN? For 2 years? Boy you know nothing 1 Like 1 Share |
Re: A Dollar To Naira Now N1075.75 by Godoverevery: 3:14pm On Mar 26 |
mrvitalis: This very simple...........let do a very simple test run. I will be importing small goods by mid next month. What I just explained I will do the same exact process and post all the processing and the money will be remitted within 3 working days. We can just have a minimum of 100k bet on that. If it fails I will pay you 100k and it works you will pay me 100k. Are you down?? 1 Like |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 3:23pm On Mar 26 |
Godoverevery:Lmaooo fine how much are you requesting... Hope it's not below $20k |
Re: A Dollar To Naira Now N1075.75 by Iamanoited: 3:44pm On Mar 26 |
IT SHOULD GO UP TO N500:$1. |
Re: A Dollar To Naira Now N1075.75 by Iamanoited: 3:47pm On Mar 26 |
IT SHOULD GO UP TO N500:$1. Orisa37 "EBI NPAWA". I HOPE SOMEBODY IS NOT DEAF AND DUMB. |
Re: A Dollar To Naira Now N1075.75 by Godoverevery: 3:57pm On Mar 26 |
mrvitalis: Like I don't understand.........how much am dealing with isn't your business. Do we have a deal?? So I can open a thread for it. |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 4:01pm On Mar 26 |
Godoverevery:There is a difference between transaction based on amount |
Re: A Dollar To Naira Now N1075.75 by Iamgrey5(m): 4:07pm On Mar 26 |
mrvitalis:Mr Ekwekwe economist, You don't need 500k cash in dollars to import anything Banks deal with such large amount. People often use letter of credit to buy goods in international trade. 3 Likes |
Re: A Dollar To Naira Now N1075.75 by yoruboid: 4:11pm On Mar 26 |
DaniellaDokubo: We have a trade surplus and as long as the CBN has the dollars coming in, the Naira will continue to appreciate Imagine what will happen when the refineries start to export and we don’t import a drop of petroleum products in Nigeria 3 Likes 1 Share |
Re: A Dollar To Naira Now N1075.75 by routed: 4:44pm On Mar 26 |
mrvitalis: ...and how old are you? |
Re: A Dollar To Naira Now N1075.75 by BondRiv: 4:53pm On Mar 26 |
Naira must rise. |
Re: A Dollar To Naira Now N1075.75 by saysoo: 5:54pm On Mar 26 |
drlateef:But we were just told the foreign and domestic debt stands at 97t and interest mounting. |
Re: A Dollar To Naira Now N1075.75 by Babalegba(m): 7:32pm On Mar 26 |
rinzaugustine:Sell your house or your father's house and your car and buy dollars. You might be lucky and it reaches 3000 naira to one dollar within a few months. You'll be smiling, nothing ventured nothing gained. You can also borrow from the bank and use your properties as collateral. 2 Likes |
Re: A Dollar To Naira Now N1075.75 by oluwole70525: 9:02pm On Mar 26 |
Correct am na if you think he’s not right, why showing stupidityCorrect am na if you think he’s not right, why showing stupidity... |
Re: A Dollar To Naira Now N1075.75 by afube: 9:05pm On Mar 26 |
DaniellaDokubo: Agbado is selling the 3billion dollars he got from Afreximbank with a collateral of 12 billion dollars in oil sales...! Let us hope the solution is not worse than the ailment! |
Re: A Dollar To Naira Now N1075.75 by drlateef: 6:24am On Mar 27 |
saysoo: Yes, but Tinubu has been paying them without any default. Nigeria now has a very good credit rating. Foreign reserves is different from debt. 2 Likes |
Re: A Dollar To Naira Now N1075.75 by saysoo: 7:27am On Mar 27 |
drlateef:may be you do not grasp it. Buhari left it at 77T, Tinubu is standing at 97t, you pay your debt else interest will keep rising, so how is your bank account full when your debts are more? |
Re: A Dollar To Naira Now N1075.75 by drlateef: 10:51am On Mar 27 |
saysoo: We all know he borrowed some money to stabilise the naira. And he is paying back at same time. 1 Like |
Re: A Dollar To Naira Now N1075.75 by TruthsFM: 10:55am On Mar 27 |
Today’s exchange rate in the Abokifx |
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