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Nairaland Forum / Nairaland / General / Business / Naira Maintains Steady Falls As Speculators Scoop Dollars (29492 Views)
Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX / Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar / Naira Crashes To 1,030/$ As Speculators React (2) (3) (4)
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Naira Maintains Steady Falls As Speculators Scoop Dollars by Racoon(m): 4:40pm On Apr 26 |
The naira, Nigeria‘s currency, has continued to fall across official and unofficial foreign exchange (FX) as speculators scoop dollars amid increased supply.https://businessday.ng/news/article/naira-maintains-steady-fall-as-speculators-scoop-dollars/ Naira slumps seventh times against Dollar in days at Foreign Market The Naira has slumped seven times in recent days against the US dollar at the foreign exchange. FMDQ data showed that the Naira recorded a seventh drop against the Dollar, quoting N1309.88 per Dollar on Thursday from N1308.52 on Wednesday. This represents a N1.36 loss on a day-to-day basis. https://dailypost.ng/2024/04/26/naira-slumps-seventh-times-against-dollar-in-days-at-foreign-market/ 5 Likes
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Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Mariangeles(f): 4:44pm On Apr 26 |
Here we go again! 19 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Racoon(m): 4:45pm On Apr 26 |
The useless government is now tired of depleting the foreign reserves to shore up the Naira, the government have contract with floating and now the dollar is back to it earlier state. Only pray it does not get worst. Government is not magic that can be ran based on overt lies, deceit and propaganda. Reno Omokri please open your wide mouth again to rant. FreeStuffsNG is not talking again o. 169 Likes 5 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by overseasnbeyond: 4:50pm On Apr 26 |
Please I need dollar, who can help me asap to change my N5,000,000 before monday. 15 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by derecho(m): 4:56pm On Apr 26 |
Cardoso boys will come and blame obidients very soon 96 Likes 5 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Racoon(m): 5:26pm On Apr 26 |
Meanwhile, do you agree? Can you stake your dollar or investment into the hands of those who have no accountability and unbridled penchant for institutional corruption? 9 Likes 2 Shares
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Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by lordm(m): 8:27pm On Apr 26 |
I had faith in Tinubu before o, but as things dy unfold ehn. He Don cast 74 Likes 2 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Otulented: 9:37pm On Apr 26 |
Worst nation on earth 20 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by merits(m): 9:37pm On Apr 26 |
Racoon: |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by SoNature(m): 9:38pm On Apr 26 |
If you want naira to grow in Nigeria, ban all Nigeria-based businesses from asking for payments in USD. If they won't accept naira from Nigerians, pack up and leave. Then, criminalise and punish those seen with foreign currency in this country. People who are paid in foreign currency can sell their USD as digital currency and not carry the physical cash. Unfortunately, this cannot happen here because politicians and their friends are the first set of culprits. When you see the government folks chasing Binance and AbokiFX up and down, they are just looking for ways to distract Nigerians - they know this. 63 Likes 4 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Matheusmartin: 9:38pm On Apr 26 |
... tru tru,Cardi B na patch patch minister.. Make I go rush buy and hold. Na 2k we dey go so o.. 20 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by uncleck: 9:38pm On Apr 26 |
The pattern with which naira was gaining recently looked suspicious and appeared fake. There was no significant policy shift that necessitated the rise of naira so it was just a matter of time before it goes back to it's real value. That notwithstanding, don't rely on this momentary fall to make your speculations. I heard many people are paying their school fees abroad this period thus driving the demand for foreign currency ... 46 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by oluwaseyi0: 9:38pm On Apr 26 |
Naira is hard to defend 13 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by NwaNimo1(m): 9:38pm On Apr 26 |
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Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Itiskdg121(m): 9:38pm On Apr 26 |
Omg I'm really fed up of news like this. Only God knows the people sabotaging the country's progress. This is not a good news at all 9 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by RingRoadCartel(m): 9:39pm On Apr 26 |
The moment Cardi B came out to admit that they were unintentionally using money from our treasury to support the naira, i knew it was over from then. 64 Likes 5 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Elzazzi: 9:39pm On Apr 26 |
![]() What Is it with this naira/dollar debacle. Isn't naira our currency ![]() 3 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Creamypie(m): 9:39pm On Apr 26 |
See wetin we cause with our own hands 6 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Skillsnigeria: 9:39pm On Apr 26 |
Hmmm 2 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Niok: 9:39pm On Apr 26 |
Hahaha Retardedd emilocorns were expecting prices of foodstuff to come down 37 Likes 3 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Blaze14k: 9:39pm On Apr 26 |
Under tulumbu's government the exchange rate is making the headlines day in day out. When will agriculture, massive production of goods for export make the headlines. I thought tinubu grew the GDP of Lagos to trillions of naira. Seems he has lost his old tricks 41 Likes 5 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by SadiqBabaSani: 9:39pm On Apr 26 |
Naira will rise again 3 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by BodyCount: 9:40pm On Apr 26 |
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Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Eriokanmi: 9:40pm On Apr 26 |
Not unexpected. They used foreign reaerves to rescue dollar in a short term, and depleted it, still lying they never touched foreign reserves. Abi na snake go there go swallow am? Only those who don't know tinubu in lagos will be expecting miracles. We know better ![]() 63 Likes 4 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by crestedmazi: 9:40pm On Apr 26 |
enemies of Nigeria ![]() ![]() ![]() ![]() ![]() 1 Like 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by naijaboy756: 9:40pm On Apr 26 |
Who are the real enemies of Nigeria? Reno and his gang of dumbies There is fire on the mountain o 41 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by SPF247(m): 9:40pm On Apr 26 |
Bad news on Friday ![]() |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by PureFace1(m): 9:41pm On Apr 26 |
I believe Naira will be stable soon 3 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Dougad: 9:41pm On Apr 26 |
This is sad. Cardi B na fraud after all. Short term solution to long term problem for cheap media headlines 33 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Millimann: 9:42pm On Apr 26 |
Just last week, Aisha Yesufu told everyone not to offload their dollars because she knows this government are scammers, but the agbado e-rodents insulted her 75 Likes 3 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Franklyspeakin: 9:42pm On Apr 26 |
shay na statistics we go chop 15 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Kelklein(m): 9:43pm On Apr 26 |
This Naira sef.. when it wants to fall, it can lose N300 in 2 days.. but if it is to gain, it would gain N5 in one month.. na wa 🤔 I remember shouting my lungs out that these thing should not be left to CBN alone.. the fiscal people should come hard with their own policies too to help the Naira.. they should be seen engaging in productive activities, supporting the private sectors and industries, MSMEs, discouraging oil theft, drive up ease-of-doing business, know what is happening in the mining sector, revamp the steel sector... these are the real sectors that would drive up growth and contribute to GDP.. but no, everyone is just busy doing nothing, waiting for oil money.. 27 Likes 2 Shares |
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