Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market - Politics (3)

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Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market (31133 Views)

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Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Smartguyboy(m): 1:42pm On Apr 15

helinues:

Some Nigerians are actually wicked more than the politicians

On a normal market, Naira gaining or winning 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

You don’t blame the market women buying and selling blame customs for still exchanging $/1400-1500#.
As a farmer you can’t sell cheap when you can’t afford to buy 5 cups of rice because it imported .

1 Like

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Jestin: 1:55pm On Apr 15

7upnigeria:

Elluppee sighted.

Wake up son. Everything is not all abt politics

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by NOETHNICITY(m): 2:08pm On Apr 15

JAOS:

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

You are the dumb one here bro
No single brain

1 Like

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Krankhead: 2:09pm On Apr 15

SlavaUkraini:
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 ??

That shows the dollar was not the reason for price increase on goods and services. That Nigerians wickedness tagging anything to dollars. Once price go up in Nigeria, it will nit cone down . People are wicked

5 Likes 3 Shares

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by hslbroker2(m): 2:10pm On Apr 15

helinues:

Some Nigerians are actually wicked more than the politicians

On a normal market, Naira gaining or winning 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

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by kosiebe(m): 2:12pm On Apr 15

Jestin:
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

Don't worry, Continue keeping your Dollar to your chest

1 Like

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Callosobruchus(m): 2:13pm On Apr 15

JAOS:

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

I di like to buy quarrel O!Oga make you shet up!Your mouth di smell as if dead body dey inside,huuum!!!

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by efemena5050(m): 2:13pm On Apr 15

yoruboid:
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

I think I share ur resolve and school of thought...... judging from the way he talks Nd jesticulate I strongly feel obi's performance will be so abysmal......Good luck Jonathan pro max .....he will be so loyal to some idiots called cabals and king makers .....and not firm and authoritative......the northern elites will capitalize on his meekness and override his veto thereby sabotaging his govt with conflict ......the ipob things will begins to show off more since to them their bloder and tribesman is in power ....he will maintain strict contractionary monetary policy and fiscal compliance thereby bringing massive deflations in the country ......tunubu is not refined or ok at all but peter obi will not bring in any positive effect .....before u argue make sure ur sound otherwise face front

4 Likes

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by AngelicBeing: 2:13pm On Apr 15

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Johncarlo07: 2:16pm On Apr 15

yoruboid:
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

Anoda ignorant Agbadorian, analysing wats not.
Agbadorians nd stupid = 5&6

1 Like 1 Share

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Callosobruchus(m): 2:18pm On Apr 15

SeeWahala:
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?

The bus is moving,hop in or be left behind wallowing in your sentimental hatred of the country and its president,they point out one good thing about the country and you get angry.How una own di be seff?

1 Like

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by koyeni(m): 2:18pm On Apr 15

SlavaUkraini:

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...

No need to call him a bastard....this time is actually a terrible time for importers and business men....you can imagine your stock value depreciate by over 50%.
With time, everything will be balanced and we'd all be happy

2 Likes 1 Share

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by iamtoofan: 2:20pm On Apr 15

helinues:

Some Nigerians are actually wicked more than the politicians

On a normal market, Naira gaining or winning 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

If the highlighted is affirmative it means the govt as to step up in its regulatory role, I see no reason why Price regulatory agency can not be revamped to subdue the opportunist & greed mindset of typical Nigerians

Besides Nigeria is said to practice a Mixed economy, fate of Nigerians shouldnt be left completely in the hands of Private Sector

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by abimbola74(m): 2:23pm On Apr 15

yoruboid:
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

Initially I was rooting for Obi but I swear reading this changed my mind set . You are so intelligent. You are very right . It’s all about good governance

1 Like

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by CodeTemplar: 2:25pm On Apr 15

We are approaching planting season when people will invest their disposable income with the hope of making profit or having food. That will slow down demand for imported goods and further the strengthening process of the Naira.

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Eriokanmi: 2:26pm On Apr 15

SlavaUkraini:
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 ??

Can you produce at the rate of 1,700 to a dollar and sell below production cost just because dollar has crashed to 1000 or below?. Remember production is continuous in the manufacturing sector. If they bought raw materials at 1,700 to a dollar and set the cost of their final product at 2,000 for instance, and they have loads of that raw materials in their warehouses, they must first exhaust those ones before producing with fresh ones bought at reduced imported costs.

Before the naira's strength could have some positive impacts, we will enter june or july.

2 Likes

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by koyeni(m): 2:26pm On Apr 15

erniok:

It has nothing to do with petrol. Keep your ears down. Some of them in market has agreed not to sell below a certain price not to incur heavy losses as they imported when dollar was 1,800, some at 1,600 or less. It would take new imports at say 1,200 to really crash prices.

It's really a bad time for them and us, citizens of an import dependent nation.

Glad you put it the way it is

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by coolgb(m): 2:29pm On Apr 15

helinues:

Some Nigerians are actually wicked more than the politicians

On a normal market, Naira gaining or winning 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

Na during emefiele cash crunch I no say most nigerians are opportunists

1 Like

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by iamtoofan: 2:33pm On Apr 15

koyeni:

No need to call him a bastard....this time is actually a terrible time for importers and business men....you can imagine your stock value depreciate by over 50%.
With time, everything will be balanced and we'd all be happy

How is it a bad time esp. when Majority of the traders have form a resistance and refuse to drop price .... when dollar reduce, it is then omo igbo know say it will take 3months for new shipment to arrive,

But as selfish, inhuman and wicked as traders are, if dollar jump to 1500 today, by evening the whole market will increase there price again, all that talk we bought stock at 1900 will disappear ... naa another theory we go hear

What i found funny the most is, every trader in Nigeria or every stock in warehouse was bought when dollar was 1900 cheesy

... xchange rate that didnt even last 2 weeks grin

haba !

4 Likes

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Haaland21: 2:34pm On Apr 15

SeeWahala:
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?

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

The average arent intelligent, no need engaging them in an intellectual exercise.

One way traffic people

2 Likes 1 Share

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Amumaigwe: 2:35pm On Apr 15

yoruboid:
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

In your subconsciousness, you idolize Obi and you know he will perform as president. But you must earn your 30k, man must whack.

1 Like 1 Share

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by topefelix799(m): 2:37pm On Apr 15

Still Insane though

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by SeeWahala: 2:38pm On Apr 15

Haaland21:

The average arent intelligent, no need engaging them in an intellectual exercise.

One way traffic people

It's tiring I swear cry

and yet they feel they have the gutz to attack angry citizens

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Emeskhalifa(m): 2:40pm On Apr 15

helinues:

Direct your question to the petroleum marketers without getting aggressive on my mentions.

Thank you

But that's a valid question abi u no get answer to the question ni?
Nigerians aren't buying petrol with dollar, so why is petrol price still high despite una campaign of dollar is crashing

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by victorclean(f): 2:40pm On Apr 15

Until it gets to 200 per dollar. APC still remain devilish

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Barims(m): 2:41pm On Apr 15

Paraman:
A dollar will exchange for 2k in April in the mud

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by maxiuc(m): 2:43pm On Apr 15

SlavaUkraini:

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...

the car battery I bought for 52k last month I went back to check is now 45k the Man said because dollar is going down at this time anybody still selling goods at high rate is a criminal and lack fear of God

2 Likes 1 Share

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Trustyourself: 2:48pm On Apr 15

Bade007:

https://nairametrics.com/2024/04/15/naira-opens-shop-below-n1000-against-dollar-at-some-segments-of-black-market/

All these fake news here and there. Go and buy dollar and know the real value.

1 Like 1 Share

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Honestey: 2:53pm On Apr 15

Below N1,000 as in N200 ABI which kine kon ko below is that

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by latonione: 2:55pm On Apr 15

Is it a must for a farmer to eat rice, more especially when he (the farmer) refuses to grow it.

Smartguyboy:

You don’t blame the market women buying and selling blame customs for still exchanging $/1400-1500#.
As a farmer you can’t sell cheap when you can’t afford to buy 5 cups of rice because it imported .

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by ComeToJesus: 3:03pm On Apr 15

yoruboid:
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

People preoccupied and ruled by tribal sentiments don't usually say anything sensible.

Re: Naira Opens Shop Below ₦‎1,000 Against Dollar At Some Segments Of Black Market by Fearyourcreator: 3:26pm On Apr 15

helinues:

Some Nigerians are actually wicked more than the politicians

On a normal market, Naira gaining or winning 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

Case closed... We like suffer ourselves. Prices are even going up

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