Stats: 3,187,866 members, 7,933,256 topics. Date: Tuesday, 27 August 2024 at 10:34 PM |
Nairaland Forum / Nairaland / General / Business / Naira Depreciates To N1,305/$ In Parallel Market (17630 Views)
Naira Depreciates To ₦1,300/$ In Official Market / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens / Place Your Orders On Amazon At #305/$ & $4.8/lbs To Ship Your Orders To Nigeria. (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Re: Naira Depreciates To N1,305/$ In Parallel Market by EdiskyHarry: 9:50am On Apr 25 |
Never believe APC government. APC government was built on propaganda and deceit. My happiness is more reasonable Nigerians now understand their gimmicks except the ones with foolishness in their genes. 2 Likes |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Lavor234: 9:50am On Apr 25 |
But Buhari was managing the problem better than this. If Tinubu means well, he should work with Emefiele and other economists to find out how they stabilised the Naira. 1 Like |
Re: Naira Depreciates To N1,305/$ In Parallel Market by millionboi(m): 9:50am On Apr 25 |
is at 1410 this morning 1 Like |
Re: Naira Depreciates To N1,305/$ In Parallel Market by odun99(f): 9:50am On Apr 25 |
post=129622035:Yam pepe scatter scatter |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Chicentt(f): 9:50am On Apr 25 |
Our future president has spoken ![]() obiekunie01: |
Re: Naira Depreciates To N1,305/$ In Parallel Market by femicyrus(m): 9:51am On Apr 25 |
obiekunie01:Go and sit down Show us first the effects of the grants to farmers by emefiele |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Angelfrost(m): 9:52am On Apr 25 |
obiekunie01: Really?! With bandits kidnapping, killing, and maiming farmers across the nation, and seizing their lands?!! Abi, you haven't been keeping up with the happenings in your nation?!! |
Re: Naira Depreciates To N1,305/$ In Parallel Market by badoh(m): 9:52am On Apr 25 |
Franklyspeakin:It's very easy to criticize. Can we see your CV may be you have the magic wand to make a difference. |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Dee60: 9:52am On Apr 25 |
Yankee101: Fake news. Even Bloomberg that publsihed the fake news have made clarifications. CBN has not dropped dollars in the black market for rates to drop. It is those hoarding dollars (presumably politicians) that threw out their dollars thinking the rates will keep falling. Now they have resumed hoarding. There is no single reason or fundamental for Naira to keep losing value except for corruption and economic sabotage. EFCC should identify and go after the saboteurs, hoping that Nigerians will not protest and start saying 'leave our man alone'! 1 Like |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Lomprico2: 9:53am On Apr 25 |
Why na? ![]() |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Biodun556(m): 9:53am On Apr 25 |
Dynamicboss: It will appreciate much bigger |
Re: Naira Depreciates To N1,305/$ In Parallel Market by LandMann: 9:54am On Apr 25 |
Dynamicboss: Tinubu's government and Cardoso are afraid of northerners who control 99.999% of BDC operations. Selling to them at 1021 is some sort of bribery/subsidy to some powerful northern people to keep them from revolting against Tinubu government. Divide and conquer strategy. Now ask yourself, why government will choose to subsidise dollars for some northerners while preventing 100% of southerners to legally access dollars for their needs through ATM debit cards to make purchases online without going through middle man BDC operators who will sell it at a higher price to the common man This is the same illegal arbitrage opportunity the CBN governor and Tinubu is creating but they'll pay some foolish people 25k monthly to keep pushing out propaganda that crypto is that Binance is the problem of the naira. Binance has shut down. They'll soon latch onto another victim to blame for their corrupt and incompetent policies 4 Likes |
Re: Naira Depreciates To N1,305/$ In Parallel Market by odinaccess: 9:54am On Apr 25 |
obiekunie01:If only bandits and herdsmen will allow the farmer produce in peace |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Angelfrost(m): 9:55am On Apr 25 |
Shattuck: Sigh... No wonder Reno Omokri face Peter Obi with so much passion since this week started. He wan distract him dull followers from this shocking reality. 3 Likes |
Re: Naira Depreciates To N1,305/$ In Parallel Market by judedwriter(m): 9:56am On Apr 25 |
I thought one celebrity pastor said he made the dollar to fall by his powers.... ![]() Hope his powers hasn't fallen as well. It's well with the naira. 1 Like |
Re: Naira Depreciates To N1,305/$ In Parallel Market by SmartyPants(m): 9:58am On Apr 25 |
obiekunie01: Let's assume they are using the reserves to stabilize the naira, though you've been told several times that this is not so. So within the 2 years of implementing the agriculture, the nara should be allowed to rise as rapidly as it was? |
Re: Naira Depreciates To N1,305/$ In Parallel Market by MN07: 9:59am On Apr 25 |
I will continue to laugh at this Yoruba people that think their president knows what he is doing. We will see you at 5000NGN per $ 1 Like |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Niok: 10:00am On Apr 25 |
D |
Re: Naira Depreciates To N1,305/$ In Parallel Market by BiGVEEN58(m): 10:00am On Apr 25 |
i sold at 1178. this thing dey pain me now ![]() 2 Likes |
Re: Naira Depreciates To N1,305/$ In Parallel Market by SpatialKing(m): 10:01am On Apr 25 |
Those people insulting Igbos and Obidient all because of naira should apologize 3 Likes |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Donaldoni: 10:01am On Apr 25 |
I like the way the convergence is being maintained. It will frustrate speculators ![]() 1 Like |
Re: Naira Depreciates To N1,305/$ In Parallel Market by theredaddy: 10:02am On Apr 25 |
obiekunie01: How many youths want to be a farmer How many naija gurlz want to date a farmer what makes agriculture catchy for the new generation |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Musauzor(m): 10:04am On Apr 25 |
What Tinubu government and CBN are doing is Forex manipulation which is not sustainable. By next week it go up to #1500 , then comes down to #1100 . APC magical government. 1 Like |
Re: Naira Depreciates To N1,305/$ In Parallel Market by tommy589(m): 10:06am On Apr 25 |
obiekunie01: When Nigerians are ready, they will cultivate farmlands without government prompting or dubious intervention. I have come to an understanding that Nigerians always find solution when pushed to the wall. The price of imported chicken and others are now more expensive than the live ones.Frozen chicken sellers in neighborhoods have now resorted to killing cows,freeze and sell in kg. Some are now raising chickens in their compound empty spaces just for the eggs |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Kingrshd3: 10:07am On Apr 25 |
obiekunie01: It's easier said than done 1 Like |
Re: Naira Depreciates To N1,305/$ In Parallel Market by rottennaija(m): 10:08am On Apr 25 |
obiekunie01: The government chose propaganda over real things. Now we are facing it 2 Likes |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Blaze14k: 10:08am On Apr 25 |
jkpbestseries: It's not about being happy. Since last week till now business is very slow I don't understand if the country is about to break down. Things are really slow 3 Likes 1 Share |
Re: Naira Depreciates To N1,305/$ In Parallel Market by mysticwarrior(m): 10:08am On Apr 25 |
obiekunie01:And who will do the farming when bandits and Fulani herdsmen are terrorizing formers? Insecurity should be brought down to a reduction of an understandable level in the north and middle belt for what you stated to work effectively. |
Re: Naira Depreciates To N1,305/$ In Parallel Market by dangoteinlaw: 10:09am On Apr 25 |
ejieddy:hard as it seems but i assure you that these forex guys who claim to be making millions in a single night are the ones killing this economy. All forex dealers should be arrested. If you need dollars go to the bank and bank alone. Simple |
Re: Naira Depreciates To N1,305/$ In Parallel Market by BadMaster: 10:12am On Apr 25 |
Nothing ever works in this country. Can someone please explain this to me? How come CBN sells to BDCs at N1,020, and BDCs aren't suppose to make more than a profit of 1.5%, yet it's been sold for over N1,300. This is crazy. 1 Like |
Re: Naira Depreciates To N1,305/$ In Parallel Market by Basicend: 10:12am On Apr 25 |
jkpbestseries: Exactly my brother. Even, when the govt reduced it to about N1,000, they refused to reduce the price of their items. You see ehn, bother yourself not about Nigerians. 1 Like |
(1) (2) (3) (4) (5) (6) (7) (Reply)
Nigerian Banking Industry Seen in ‘Full-Blown’ Credit Crisis / Power Supply Drops By 1047mw / How Do I Write A Program Proposal For A Radio Station? Pls Help
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 33 |