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Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market (36849 Views)

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Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Ijaya123: 2:10pm On Apr 11
StPete:
Celebrating a man who met dollar at N700 (after the heavy heap of curses on Buhari for bringing it this high from less than N200) and bringing it to N1k+ as the greatest Nigerian President is the best joke of 2024 grin grin grin grin

Can you tell us why dollar was exchanging for N700 back then?

2 Likes 1 Share

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by drlateef: 2:10pm On Apr 11
KillIgbohoN0W:


For having the greatest ever exchange rate vs the dollar.


The is the greatest recovery of the Naira in the history of Nigeria. Obi can never do that.

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by OfoIgbo: 2:11pm On Apr 11
garykoeman:
Tinubu will end up as the greatest Nigeria president ever.

Cardoso's best is still worse than Emefiele's worse.

Nice try. Buhari is still hundreds of naira better than Tinubu in economic management of the country. We are watching grin grin grin grin

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by allthingsgood: 2:11pm On Apr 11
dibunotion:
Keep your dollar.
It will spike to 2k by December

Yes. 2kobo
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by StPete: 2:12pm On Apr 11
Ijaya123:


Can you tell us why dollar was exchanging for N700 back then?

Use the internet, research, you don't have a phone for fancy. I am not your school teacher

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by t2luv1: 2:12pm On Apr 11
Throwback:
Good!

We must kick Dollars out of the streets of Nigeria.

Only a foolish country will allow a foreign currency determine the price of local value exchange.

Be careful what you wish for? Do you know that there are more dollars in circulation in the rest of the world than the actual amount within the USA. Dollar is the most trusted currency in the world, why? because it is backed by the full faith of the US government. Even China, and Russia maintain their reserves in Dollar. Enough said.

2 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by naijaboy756: 2:13pm On Apr 11
Dollar was #216 before the party of witches took over and did what witches do while giving excuses

Well it is good it is improving

We pray for the best

2 Likes 1 Share

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by bluefilm: 2:14pm On Apr 11
garfield1:
Up Tinubu,up cardoso,up APC

Nonsense angry
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by zoomman(m): 2:15pm On Apr 11
Throwback:
Rufai Oseni never talk pim since?

On what should he talk about Since naira is now #150 to a dollar 💰.....the country is moving, a bag of cement is now #3500 and a bag of rice is now #7,500. APC Is the party to beat come 2027. Renewed Hope we stand.
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by tamdun: 2:16pm On Apr 11
Wizpa:
Now we have gotten used to Dollar being N1000, isn't that pathetic... Dollar that used to be N180 when GEJ was president...

Nigerians, una never ready!
Tell us how many billions did Jonathan use to defend naira
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Bluntemperor: 2:16pm On Apr 11
KillIgbohoN0W:


For having the greatest ever exchange rate vs the dollar.

Shame On The Bad News Carrier:
I will hold on because the NAY have it were shocked,as they were busy on Social Media -Jagbajantis,since they love negative -news then,due to their election loss!
ah Dollar is , Dollar is that,with all manners of name calling - Shame on you all.
Even though, they don't have Idea of how Forex Works and we're not ready to know but we're too bittered,too sour and very Unpatriotic in their Motive -to allow the govt of the day to breathe anywhere - since both the LP and PDP thought, without them nothing works in Nigeria,they don't want to hear anything good about Nigeria but God Pass them!
In Truth, Dollars supposed not to be above N500 to 1$- or at Most N700,if we are Patrotic Nigerians because Nigeria is sitting down on so many Natural Resources - yet untapped! e g.Gold,Lituanum,Crude Oil, abundant Gas but because of lack of Focus by our Leaders ( from Local Government to The States and Federal) we are NOT dynamic and we are very Corrupt and greedy.
•Every Whiteman is fearing that if Nigeria arises - with good leaders,then we shall be like China and other Asian Tigers!
Yet we ( Nigerians ) undervalued ourselves! e. g. Just imagine those Mallam by Bus- Stop- saying ' Dollars, Pound,Euro,etc.someone is giving them those Foreign Money to sell and make gains! Is that Production? NO!
Very Shameful!
Stop wishing your Country a bad thing and be Patrotic - for it is not only when your Party wins elections ,that Nigeria-is good.No, that is not Democracy!
It is well with Nigeria!
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by cucumbar: 2:20pm On Apr 11
Paramount01:



Is things not reducing in your place, if they sell bag of rice above #65000 pls relocate to another place. I have price bag in 5 states now, price of bag is between #62000 to 67000 dependomg on location
Olodo. Was it 65-67k before these people you are supporting entered?

Im sure you can’t even afford a bag of rice at that amount you are quoting sef.

2 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by KillIgbohoN0W: 2:22pm On Apr 11
drlateef:



The is the greatest recovery of the Naira in the history of Nigeria. Obi can never do that.

Because he can never plunge the Naira that low in the first place.

2 Likes 1 Share

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Azuby83: 2:26pm On Apr 11
garykoeman:
Tinubu will end up as the greatest Nigeria president ever.
wasn't it at #700 or so?

2 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by ufuosman(m): 2:33pm On Apr 11
KillIgbohoN0W:


For having the greatest ever exchange rate vs the dollar.
😂😂😂

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Cmeo(m): 2:34pm On Apr 11
I was very confident of brother Yemi Cardoso policies. He is hitting the right hammer on the right nails to take control of our monetary sector. Kudos to him
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Chicagograduate(m): 2:37pm On Apr 11
Anytime the prices of fuel,gas,diesel and other commodities rises,they blame it on the dollar.Now that the Naira is gaining weight against the dollar,the prices of those commodities are still high.What is going on?

2 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by MichaelSokoto(m): 2:38pm On Apr 11
keep going down down abeg!
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Dumte(m): 2:38pm On Apr 11
Of wat positive impact has these naira gains have over the price of items?
I have no time to celebrate until Tinubu has taken it to N216

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by maasoap(m): 2:38pm On Apr 11
dibunotion:
Keep your dollar.
It will spike to 2k by December
I don't think so. CBN means business and they seem to be getting it right.
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Chicagograduate(m): 2:39pm On Apr 11
garykoeman:
Tinubu will end up as the greatest Nigeria president ever.
Let it be 100naira to a dollar.
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by orikoku: 2:39pm On Apr 11
Sell those dollars in your domain now. It will crash the more. Tinubu mean those who hoard the dollars. Sell it now.....
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Krankhead: 2:42pm On Apr 11
iichidodo:
If Tinubu can get the Dollar down to #300 and make it stable, then 2nd term is sure....
Your opinion does not count

1 Like 2 Shares

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by sammirano: 2:44pm On Apr 11
Obiedun:
Then go and buy dollar in large quantity and store it in your house so that you will later sell it and earn large profit later.

And WHAT IF i DO THAT? You Want To Teach Me Investment Advise, Okare, I will not only buy the dollar this cheap, I will trade it.
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by maasoap(m): 2:49pm On Apr 11
Danisaint112:
Let him get it back to where he met it. I don't hype nonsense. You met the dollar at 700 and doubled it and expect me to sing your praises.

I will applaud him when he brings it down to N450 per $1.
Those singing his praises are just sufferheads that have become comfortable with being ignorant and naive.

But remember that even at that N450 to a dollar, we couldn't access it. Naira cards were barred from the international payments too. It was just N450 on paper, wasn't really available to benefit us

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Benzigler: 2:50pm On Apr 11
OfoIgbo:


Cardoso's best is still worse than Emefiele's worse.

Nice try. Buhari is still hundreds of naira better than Tinubu in economic management of the country. We are watching grin grin grin grin





Please stop comparing Tinubu to Buhari, it's an insult to Buhari, Tinubu is useless and a fool

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Obiedun(m): 2:50pm On Apr 11
sammirano:


And WHAT IF i DO THAT? You Want To Teach Me Investment Advise, Okare, I will not only buy the dollar this cheap, I will trade it.
I dare you to do it if you are sure of the trash you put here. What do you even know about investment?

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by chidiokay: 2:53pm On Apr 11
adecz:




Nigerians are a sheepishly gullible
bunch of suffer heads ...


For example, If something has been
selling for N1000 for many years. APC
government comes with their nonsense,
lack of direction policies and the thing
begins to sell for up to N3000, people will
shout, cry and complain.


However, when APC does some abracadabra,
and the thing now comes back to N1900,
everybody go begin clap for APC for a job
well done, forget say the original price was
just N1000❗️❗️❗️😐😐😐




Suffering suffer head people,
how market❓❓


Most people with these mindset are illiterates who don't understand critics and commendation works hand in hand

If someone is doing wrong you criticize so the person can stop or make a U-turn
Likewise if someone is doing right you commend the person as a form of encouragement ... yoruba adage says yin'eni yin'eni ko le se emi .. praise someone so he can do more

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by maasoap(m): 2:54pm On Apr 11
vowiski:
Next week dollar will rise back , after the holiday

These are cosmetic solutions ..

Even a Pry 6 can do what CBN is doing at the moment .

I don’t know why many Nigerians are dumb..

Is this not the same thing EMIFELIE did?

The demand for dollar is low now because of government policy somersault.. once people start requesting for dollar , things will go south.


People who do business with dollar are still observing, it won’t be long before they start trading with dollar and the demand Increases.

If we don’t consume what we produce , we are going nowhere ..

Small rain, this cosmetic solution go wash off like Bobrisky face

The problem goes beyond producing what it consumes. In fact, no nation produces all what it consumes because no nation is an island. If we can eliminate fraud and corruption associated with FX just like what CBN and EFCC are doing right now, naira won't lose value

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Treadway: 2:55pm On Apr 11
Patiently waiting to load up if/when this touches below 1k😎
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by maasoap(m): 2:57pm On Apr 11
OfoIgbo:


Cardoso's best is still worse than Emefiele's worse.

Nice try. Buhari is still hundreds of naira better than Tinubu in economic management of the country. We are watching grin grin grin grin
Emefiele na person?

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by garfield1: 3:01pm On Apr 11
OChimex:

But he met dollar at 700.
So what's the achievement?

He's on course to take it lower

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