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Nairaland Forum / Nairaland / General / Business / Naira Maintains Steady Falls As Speculators Scoop Dollars (29501 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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Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by idahme(m): 10:36pm On Apr 26 |
Babalegba: Why did he deny? Is it how a government behaves? Lie on issues it is handling? What if he had told the truth what would have been the consequences? 3 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by idahme(m): 10:39pm On Apr 26 |
Alexis11: Critical thinking skills is actually very rare to come bye these days ![]() This is coming from an adult whose brain is supposedly fully d developed? I can't believe this. 7 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by VinnyBaba: 10:41pm On Apr 26 |
Alexis11: Lols, so Nigeria should Divide? ![]() You are admitting that Tinibu has FAILED woefully And that OBidients are to be blamed for it. ![]() Very soon, All APC miscreants Agbad0rians will Unanimously agree on this. ![]() ![]() 4 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Babalegba(m): 10:46pm On Apr 26 |
idahme:I think that it is the responsibility of the government to know when to talk and when to be silent. It's called leadership.Not everything can be communicated to the proletariat Many times you tell your wife about something only after the incident has passed and you've dealt with it. Anyway nigerians need some sense so maybe we need an economic meltdown and naira at one million to one dollar get some sense. |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by scriptures01: 10:54pm On Apr 26 |
I have been screaming on top of my voice for months now. naira cannot survive against the dollar. Any gain made will be artifical. Naira must find it true value against the dollar on it's own. Ghana redominated their current years again and then pegged their cedis 1:1 with the dollar. fast forward few years and the cedis is now 14 cedis to a dollar. TINUBU allow the naira find it's value naturally and stop wasting the foreign reserve.!!!!! 2 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by payaseriy: 10:59pm On Apr 26 |
overseasnbeyond:i can sell paypal to u in usd for 1250 per $. Face to face deal also available 2 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Blaze14k: 11:02pm On Apr 26 |
Alexis11: So is this best tinubu can do Nigeria. What could be worse than the situation we are in. Even dangote refinery can't rescue nigeria tinubu miscalculated big time. He is sucking us dry 2 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Daystar7: 11:04pm On Apr 26 |
Alexis11: Obidients caused Naira fall how? Why was Emefiele called all sorts of names and trashed for defending the Naira with dollar just like the former CBN governors before him. We say he printed money but don't mention Buhari who gave him the permission. After all that, they floated the Naira only to see the effect was disastrous partly due to fuel subsidy removal and they went to do the same thing they accused Emefiele for by using our reserve to back the Naira. Are you not supposed to ask questions if you're truly concerned about your country or is it just about ur kinsman being president? You're nothing but a bigot. You don't see how foolish this statement of yours is? They told us backing the Naira with dollar is bad, criticized Emefiele for it and then go back to do the same thing and we weren't suppose to ask questions? All Nigerians can't become zombie cos u want ur kinsman to be president even at the detriment of your future. 6 Likes 2 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by MrSly(m): 11:10pm On Apr 26 |
Racoon:Their paracetamol for typhoid fever did not work after all. 2 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Tyche(m): 11:32pm On Apr 26 |
You have no clue how these things work, absolutely none. Your type are those who blab about what they don't know, passing off semblance of knowledge for actual knowledge. Association of Ban everything crew 😂. 1 South Korean won is about $0.00075, but their economy is far better than ours and that should tell you something. SoNature: |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by bikefab(m): 11:34pm On Apr 26 |
Tinubu have finished this country with his balablu economics 2 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by anonimi: 11:39pm On Apr 26 |
SadiqBabaSani: Yea, like ThiefNuibu’s old manhood at the sight of haggard menopausal Remi. Baba gba ọpẹ wá fún rising again 2 Likes 2 Shares |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Victor593(m): 11:40pm On Apr 26 |
Werin concern us |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Nlandmodesfku: 11:50pm On Apr 26 |
I knew it was abracadabra the government was doing. |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Menclothing1: 11:59pm On Apr 26 |
Nigerian politicians are killing nsira paying school fees of your children abroad what stop you all from studying in your country You guys have not seen anything |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by nedu666: 12:17am On Apr 27 |
Babalegba: And wat is wrong with defending your currency with reserves. Is Nigeria the first country to do it or are we the only ones doing it. Every opec member uses crude oil proceeds to defend their currency, intervene in forex market, so why is Nigeria different |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by komzy589(m): 12:25am On Apr 27 |
SoNature:Besides being illegal, no sensible legislator will dare suggest this in the upper or lower chamber. Their education will surely be questioned. I’m trying to be polite. Your solution is really dumb. 1 Like |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Iamzik: 12:34am On Apr 27 |
SoNature: This is a global world and we are not in North Korea. You sound like one of those shouting"sell your dollars" few weeks ago. I hope you now understand that good economy is not achieved by propaganda but sound economic policies 3 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by GboyegaD(m): 12:38am On Apr 27 |
SoNature: Your response leaves me in awe. How are the Nigeria-based businesses the problem? Ever heard of Balance of Payment and understand how it works? The most interesting thing you are neglecting is the fact that even Dangote Refinery enjoying benefits from the government is importing crude oil from the US. Is he paying in Naira? Let us focus on the important things. 2 Likes |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Iamzik: 12:42am On Apr 27 |
Alexis11: But voting for Tinubu was a stupid decision of you ever lived in Lagos during his tenure as governor. If not for fashola and ambode Lagos will not be what it is today. I just laugh when people say Tinubu built Lagos 1 Like 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Ikyor02(m): 12:44am On Apr 27 |
Nigeria my country Why Is The Naira Exchange Rate Always In The News? |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by bionixs: 1:12am On Apr 27 |
Blaze14k:just like Pharoah in the Bible, he was busy TAXING the living daylight out of the helpless Lagosians and ending it up in his pocket 2 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by bionixs: 1:14am On Apr 27 |
Could someone tell me what Tinubu did in Lagos other than imposing all manner of taxes on even the cripples and beggars in the street. Is there another Lagos or the one I am living in ? 2 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by IkeIgboNiile(m): 1:26am On Apr 27 |
Funny how some people think a man who destroyed 3 generational banks can save a country's economy😂😂 2 Likes 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by micxwell(m): 1:54am On Apr 27 |
SoNature:I was gearing up to reply you. I'm glad your write-up is balanced. |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Yankee101: 2:10am On Apr 27 |
Cardoso has failed Tinubu has failed 1 Like 1 Share |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by micxwell(m): 2:14am On Apr 27 |
. |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by JapaPrince: 2:31am On Apr 27 |
Racoon: You said it all, economics is based on facts. |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by MMempire(m): 2:56am On Apr 27 |
No more abidoshaker to bring down the dollar price? |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by Abagworo(m): 2:57am On Apr 27 |
It only fell for 2 days and is on the rise again. Presently at 1280. Sorry for those who didn't sell theirs at 1400 |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by frankputer: 3:26am On Apr 27 |
Ikyor02: Because many saboteurs are in the business of buying and selling $$$$$ at high rate. |
Re: Naira Maintains Steady Falls As Speculators Scoop Dollars by israelmao(m): 4:02am On Apr 27 |
Cardoso and his team need to rise to the occasion and checkmate the activities of speculators before we are back again to where we were before.With the way speculators are hoarding dollar maybe the CBN will request for the permission of both Central Banks America and Britain to plant bugging device on dollar and pound sterling notes so that they can effectively monitor where they are going. |
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