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Nairaland Forum / Nairaland / General / Politics / Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market (29940 Views)
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Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by Bade007: 9:26am On Apr 15 |
https://nairametrics.com/2024/04/15/naira-opens-shop-below-n1000-against-dollar-at-some-segments-of-black-market/ 33 Likes 3 Shares
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Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by SlavaUkraini: 9:28am On Apr 15 |
Dollar dey come down but prices of goods and services still remain the same ... So the Law of Gravity dey fear and abandon the prices of goods and services for Nigeria ?? First to comment in a long while... Well I dedicate it to Peter Obi, Atiku Abubakar and the Notorious Drug Baron himself..... Asiwaju Bola Ahmed Tinubu The 2023 election was a real cruise catching period... 111 Likes 8 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by sofeo(m): 9:28am On Apr 15 |
Wow, great development though. We are getting there. 28 Likes 2 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by helinues: 9:31am On Apr 15 |
Interesting 103 Likes 2 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by helinues: 9:33am On Apr 15 |
SlavaUkraini: Some Nigerians are actually wicked more than the politicians On a normal market, Naira gaining or loosing about goods and services should at least take a month before taking effects. Because those business people always have stocks that can last at least 1 month with no exaggeration. But in Nigeria, the same day the dollar rose is the same day they will increase their price without interested in bringing it down again even when dollar fall. Average Nigerians are opportunists 325 Likes 28 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by SlavaUkraini: 9:49am On Apr 15 |
helinues: One Bastard even told me that he cannot reduce the price of brake pads because he bought them while the dollar was close to 2k That it would take up to 3 months before prices will fall because that is when new shipments bought at current dollar rate will arrive... Na so the guy take Colonize me and I pay for the brake pads..... As if I had a choice Opportunist indeed... 67 Likes 7 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by JAOS(m): 9:52am On Apr 15 |
helinues:are nigerians buying petrol with dollar? if naira is gaining why cant nnpcl reduced their diesel and petrol price? sometimes i wonder how you guys survive being stup*d for some useless government 62 Likes 7 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by yesloaded: 9:53am On Apr 15 |
Welcome development 3 Likes |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by yoruboid: 9:53am On Apr 15 |
Olayemi Cardoso is working Dull people will say he’s defending with our reserves when he’s not even sold more than $45m to BDCs but they will fail to mention that he paid $7bn in FOREX backlogs If Obi was president, the economy would be in turmoil as he would have retained Emefiele and not had the balls to arrest the President of Miyetti Allah or change the service chiefs Oil theft would have doubled and insecurity would have increased in the NE 92 Likes 12 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by SeeWahala: 9:54am On Apr 15 |
Agbadorians will soon flood here to jollificate Meanwhile . . . Common garri has added N1,000 to its price since the past week Are we retrogressive or progressive with this dollar brouhaha? Callosobruchus: You're not normal I should jump into which bus? The one that is driving you to nowhere? How has the reduction in dollar price helped the common man on the streets in nigeria? Don't blow biggi-biggi grammar for me abeg, just tell me how the dollar moving from N700 to N1,900 and then back to N1,000 has helped the basic common man on the streets of nigeria today Shikena! You're not even ashamed that after 1 year of your tilumbu's misrule the only thing you're happy about is the jumping upandan of the dollar to naira rate After 1 complete year shame on all you Agbad0rians 18 Likes 3 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by helinues: 10:01am On Apr 15 |
JAOS: Direct your question to the petroleum marketers without getting aggressive on my mentions. Thank you 142 Likes 7 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by Paraman: 10:53am On Apr 15 |
A dollar will exchange for 2k in April in the mud 32 Likes 2 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by Myrepublic(m): 11:46am On Apr 15 |
When they get tired,they will remove subsidy from the groove and boom, only God knows how the rate will be then... 3 Likes 1 Share |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by iichidodo: 11:48am On Apr 15 |
You cannot but agree that CBN increasing the interest rates has certainly done wonders in firming up the naira against the dollar..Of course alongside and in conjunction with other macroeconomic policies.... That's to show you that excess liquidity in the financial system has been fueling speculation and round trips. Now liquidity is set to further get tighter as Banks now have to shop for the naira to shore up their capital base....Till the Banks find the money and the capitalization process is done, expect the naira to be on the ascendency till the end of Q4 of 2026.. 16 Likes |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by ObiPandora: 11:52am On Apr 15 |
You know those foolish obidient dull head too well. yoruboid: 24 Likes 3 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by Jestin: 12:20pm On Apr 15 |
If the prices of commodities is not willing to come down , then let the dollars go back to its original value so that when you exchange the rate,You can do something tangible with it. You exchange dollars to niara this days with prices of commodities is still up there. I nor understand this country I swear 16 Likes |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by FODA(m): 12:22pm On Apr 15 |
JAOS:when $ was gaining,did they increased the pump price?when $ was edging closer to 2000$ the pump price was still d same. 22 Likes 1 Share |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by Talkisneeded: 12:55pm On Apr 15 |
Na only oyinbo and textbook definition full every dollar/naira thread.. How does this alleviate the sufferings of the common man... I'm tired of hearing about the rise of naira while the Common thing for the common man keeps getting unattainable... I sell herbs tho 14 Likes 1 Share |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by MarveworldG: 1:00pm On Apr 15 |
Ok |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by DrAda(f): 1:00pm On Apr 15 |
Good development. One hopes that this will reflect on goods as well. Is there no agency that can regulate this? 4 Likes |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by NaijaCover(m): 1:01pm On Apr 15 |
Following The Update |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by CountinBlessins(m): 1:01pm On Apr 15 |
Tinubu's government needs to be more proactive with consumer protection and price regulation of consumer goods other than that the president has been doing well so far. CBN governor is a master. I hail Dr Cardoso truly. 14 Likes 2 Shares |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by 7upnigeria: 1:01pm On Apr 15 |
This Good news is good newsing. 1 Like |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by rinzaugustine: 1:01pm On Apr 15 |
How long can they sustain that policy of pumping borrowed money into the forex market to stabilize the naira? It was about $7b …about 3 weeks ago 3 Likes |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by Konquest: 1:01pm On Apr 15 |
Bade007:Brought about by a confluence of economic and geopolitical variables. |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by 7upnigeria: 1:01pm On Apr 15 |
Ellupee and other enemies of Nigeria will have something to counter this news. 3 Likes |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by sirjoggy(m): 1:01pm On Apr 15 |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by AllenSpencer: 1:01pm On Apr 15 |
If Nigerians support the government, it will go lower. 13 Likes |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by kestolove95(m): 1:02pm On Apr 15 |
Ellupee people no dey show demsefs online again, enemy of the state Don run go hide... 11 Likes 1 Share |
Re: Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market by Jestin: 1:02pm On Apr 15 |
Jestin: 4 Likes |
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