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Nairaland Forum / Nairaland / General / Business / Naira Depreciates To ₦1,300/$ In Official Market (26111 Views)
Naira Depreciates To N1,305/$ In Parallel Market / Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens (2) (3) (4)
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Re: Naira Depreciates To ₦1,300/$ In Official Market by KaptainAfrika: 9:23am On Apr 24 |
I TOLD YOU GUYS TO HOLD YOUR DOLLARS ! 3 Likes 1 Share |
Re: Naira Depreciates To ₦1,300/$ In Official Market by CodeTemplar: 9:26am On Apr 24 |
Something is not adding up here. CBN sells to BDCs at N1021 and asked them to resell with 1.5% spread. How is that dollar now going for N1300 again? I know all dollar are not from BDCs but that's is still strange. |
Re: Naira Depreciates To ₦1,300/$ In Official Market by femi4: 9:31am On Apr 24 |
StOla:Hypocrites News is News, good or bad That's not even the issue, the rise or fall didn't affect the market price |
Re: Naira Depreciates To ₦1,300/$ In Official Market by femi4: 9:33am On Apr 24 |
StOla:Educated illiterate. Take your L and keep quiet. |
Re: Naira Depreciates To ₦1,300/$ In Official Market by darediamond(m): 9:34am On Apr 24 |
StOla:Do you think everybody is a fool on this Land Called Nigeria? Tinubu is taking uninformed Nigeria for a Fool and you want we Who Knows His fraudulent tricks to Hail Him? Now that Binance as down Nigeria Naira Spot Trading and even P2P, why is Naira still falling as we know and have been saying it would even before the The Kidnapping Of The Invited Binance Reps? Naira can go all the way to 10,000 naira To $1 if the FOOLISH STUPID POLITICAL CLASS CHOSES TO MAKE IT BE. As long as to The I and E Windows is there and there is Internet Connection, Traditional and Online Banking System in there varying dimensions, we who are at least 4 steps ahead of any types of Regime in Nigeria will keep making money Legally withouth doing any MORTAL AND BRICK WORK. To Hell with C.B.N, I.M.F, Tinubu Controlled F.G.N and yes WORLD BANK policies being applied over innocent Nigerians. 1 Like |
Re: Naira Depreciates To ₦1,300/$ In Official Market by ELKHALIFAISIS(m): 9:36am On Apr 24 |
May it continue this way till month end amen |
Re: Naira Depreciates To ₦1,300/$ In Official Market by ELKHALIFAISIS(m): 9:37am On Apr 24 |
To my advantage 😁😁😜 |
Re: Naira Depreciates To ₦1,300/$ In Official Market by darediamond(m): 9:42am On Apr 24 |
CodeTemplar:We are in Global Petrodollar System. Thus for naira to gain value, it must be defended with Dollars. Nigeria have the resources to do that abundantly but because your Polithiefcians prefer suppression of the masses, they refuse to keep doing that. They instead opt for Borrowing money we do not need from I.M.F and World Bank. Furthermore, they refuse to make state owned Refineries work which means they prefer what British Royal family via SHELL want for Nigeria to our detriment in view of Value of Naira against Dollar. Shell, Chevron, Texaco etc. all prefer Nigeria to always import processed Crude Oil. This is why they refuse to Help Nigeria repair our refineries when Invited by President OBJduring His Glorious Regime. And the crop of Polithiefcians we have now prefers that as they choose to Weaponize POOVERTY than paving way for High Standard of living there fellow Country Men and Women-Old and Young. Nigeria is extremely wealthy to the extent that naira can be made to be at least #1 to $2!!! However there is a way out for every Common Nigeria via Banks in and Outside Nigeria. Those Banks in Ghana, Benin Republic, Cameroon, Uganda, Tanzania, Egypt Rwanda, Kenya South Africa, Kuwait, Oman, England, China, Russia etc. can all be interconnectedly used to Harvest the thrown away Value of your own Naira. Also, there is now Alternate Dollar or Crypto Dollar that you can use your Naira To Buy on Crypto Centralized Exchanges like Bybit, OKX, etc. See we who are at least 4 steps ahead of F.G.N knows just everything about there NGN Dollar tricks and how to counteract it. If you would like to join us, reach me on WhatsApp 070 60 578569 |
Re: Naira Depreciates To ₦1,300/$ In Official Market by SmartyPants(m): 9:45am On Apr 24 |
RuggedBiafran: Are you sure you understand what he was saying? Which depreciation?? |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Yomit71(m): 9:45am On Apr 24 |
rinzaugustine:You still pained, losing is not easy fr |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Brandosky: 9:49am On Apr 24 |
AqualinaXYZ:Ha, this is not true. Is less than #1300 . Oga you must be an alarmist |
Re: Naira Depreciates To ₦1,300/$ In Official Market by kushme: 9:51am On Apr 24 |
StOla: You know, I used to think like, how can a currency exchange be appreciating downward and depreciating upward. Both sound oxymoron. I later got to understand that, a currency pair has the Base currency and quote or counter currency , for example like USD/NGN, the USD is the base while the NGN the quote currency. So when making reference to appreciating and depreciating of currencies,the Base currency is the one mostly quoted. e.g The USD/NGN appreciated, meaning investors bought USD and Sold NGN, an upward trend on the chart or The USD/NGN depreciated, so to say that, investors sold USD and bought NGN, a downward trend on the chart, making the quote currency stronger(technically appreciate, which makes it correct to say appreciate downward ). You see, it would be easier to just Keep It So Simple(KISS), if we want large audience to read our notes and understand, especially if the general public is the target. Something like the Dollar is down against the Nigerian Naira or some simple ways to put it... |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Skyehigher1: 9:52am On Apr 24 |
Hahaha happened this days is this official market is different from the CBN why can CBN alone can't control naira to dollar I think it's illegal for any monetary policy aside from government policies... Am tired of this shit jare I wish CBN should ban all parallel markets except commercial banks |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Donaldoni: 9:54am On Apr 24 |
ThunderFireAgba: It's alright. Don't do that again, you hear. |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Available9: 9:54am On Apr 24 |
Caleycash: No issues man...just felt like responding to him 1 Like |
Re: Naira Depreciates To ₦1,300/$ In Official Market by Zeebuy: 9:55am On Apr 24 |
Dennisochampa: If it were a situation where your region is a different country from mine, I wouldn't be bothered but as long as we're stuck in this unholy union we'll keep calling out the useless policies of the government, since you and your kind have decided to see black and call it white |
Re: Naira Depreciates To ₦1,300/$ In Official Market by cucumbar: 9:55am On Apr 24 |
theredaddy:😁 if you are still stupid enough not to have realized that the economy don’t based on your wishes , then your case is pathetic and beyond redemption. You agbadorians are hopelessly dull. 2 Likes 1 Share |
Re: Naira Depreciates To ₦1,300/$ In Official Market by DIVINEEVIDENCE: 10:03am On Apr 24 |
StOla: Go and study Registers in English Language and stop disgracing yourself online. "Depreciation" is a topic in Economics. Go read it up. Stop spending your whole life online, defending failed politicians from one term to another. Add value to your life. 1 Like |
Re: Naira Depreciates To ₦1,300/$ In Official Market by emmanuelbrown26: 10:05am On Apr 24 |
Dennisochampa:Yes ohhh
|
Re: Naira Depreciates To ₦1,300/$ In Official Market by Dminister(m): 10:06am On Apr 24 |
Salah don end na let’s see if dollar will not enter 2000😂 |
Re: Naira Depreciates To ₦1,300/$ In Official Market by emmanuelbrown26: 10:09am On Apr 24 |
theredaddy:
|
Re: Naira Depreciates To ₦1,300/$ In Official Market by HIGHESTPOPORI(m): 10:11am On Apr 24 |
callthefred:Did Tinubu not support buhari? 2 Likes 1 Share |
Re: Naira Depreciates To ₦1,300/$ In Official Market by emmanuelbrown26: 10:12am On Apr 24 |
femmy2010:Olodo without forex sense, do u know how forex works. Young Boys of 17years are cashing out on forex u are arguing nonsense |
Re: Naira Depreciates To ₦1,300/$ In Official Market by emmanuelbrown26: 10:13am On Apr 24 |
theredaddy:Lolssss as. See cry cry baby. Cry me more bcs ur tears are welcomed |
Re: Naira Depreciates To ₦1,300/$ In Official Market by emmanuelbrown26: 10:16am On Apr 24 |
Dennisochampa:Shut up abeg, when una dey insult GEJ with name callings, what goes around comes around. After tinubu is d president of Nigeria not oduduwa president 1 Like |
Re: Naira Depreciates To ₦1,300/$ In Official Market by theredaddy: 10:19am On Apr 24 |
cucumbar: Tells that nonsense talk to non livings thing, people wishing the country bad , have there mouth where there money is No sensible human being will pray dollar hit 5000 when he/she has nothing to gain from it. People wishing the dollar rise do not just stop at wishes, they made moves bought nd hoard dollar which has a repercurssion on the economic ... it takes sense to know |
Re: Naira Depreciates To ₦1,300/$ In Official Market by UnknownQueen(f): 10:21am On Apr 24 |
StOla: And so what? If you were holding the dollar, you'll be happy with the news, so therefore let who wants to be happy be happy, is it your happiness?. 1 Like |
Re: Naira Depreciates To ₦1,300/$ In Official Market by blueAgent(m): 10:24am On Apr 24 |
RuggedBiafran: I don laugh tire. |
Re: Naira Depreciates To ₦1,300/$ In Official Market by blueAgent(m): 10:26am On Apr 24 |
RuggedBiafran: I wonder waiting depreciating mean for Agbado dictionary? Block heads |
Re: Naira Depreciates To ₦1,300/$ In Official Market by blueAgent(m): 10:28am On Apr 24 |
StOla: Guy no they disgrace Agbadorians and your press- resident. The current grammar is depreciate. No wonder you guys support APC. No brains |
Re: Naira Depreciates To ₦1,300/$ In Official Market by blueAgent(m): 10:33am On Apr 24 |
ivandragon: Well Said. Abeg ask this Idiots |
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