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Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets (27458 Views)

Naira Shrinks To N1,135/$ At Parallel Market / Naira Declines Heavily Again / Naira Declines To 370 As Forex Liquidity Drops (2) (3) (4)

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Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by SpecialAdviser(m): 10:47pm On May 11
stuffs2002:













Nigeria is going through a challenging time and OBIDIENTS are happy.

I have never voted in Nigeria but that is going to change with the way OBIDIENTS have been attacking Nigeria, I will vigorously campaign against Peter Obi in any elections he presents himself. You can not be enemy of Nigeria and still want to rule Nigeria.


That Is a promise I have made
What a bala blue? May BATeria from Tinubu pampas redeem you. Amen grin grin grin cheesy grin Gazerela gazarela

13 Likes 2 Shares

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Oceanfl0w: 10:49pm On May 11
[quote












Nigeria is going through a challenging time and OBIDIENTS are happy.

I have never voted in Nigeria but that is going to change with the way OBIDIENTS have been attacking Nigeria, I will vigorously campaign against Peter Obi in any elections he presents himself. You can not be enemy of Nigeria and still want to rule Nigeria.


That Is a promise I have made



You're the same with those so called Obedients.

Continue fooling yourself

3 Likes 1 Share

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Blaze14k: 10:50pm On May 11
Putindbutt:

Shebi you don give yourself a job, as official thread creator of naira affairs. when naira start picking up again, don't continue to open the thread if dem born you well.

Oga picking up to what? Things are very expensive in the market. Do you genuinely think this the best solution to our problem.

6 Likes

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by mightyhazel: 10:50pm On May 11
stuffs2002:
Shege


Agbadorian dey disguise grin












Nigeria is going through a challenging time and OBIDIENTS are happy.

I have never voted in Nigeria but that is going to change with the way OBIDIENTS have been attacking Nigeria, I will vigorously campaign against Peter Obi in any elections he presents himself. You can not be enemy of Nigeria and still want to rule Nigeria.


That Is a promise I have made
Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Jocdon(m): 10:54pm On May 11
Ndi ofe mmanu odi egwu

4 Likes

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Navalsadiq(m): 10:57pm On May 11
We are practically tired of this rubbish

2 Likes

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by ibtommy(m): 10:58pm On May 11
0d0gwu:
Whom to blame again? Maybe Okada
.

No mind dey wereys. When they were praising the thiefnbi of a man, I just dey laugh. Next time make una vote well,or better still protest for the splitting of Nigeria.

2 Likes

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Krankhead: 11:01pm On May 11
Mr Gbajue and Obisko. Food don ready. All what you waht is bad news about the country

1 Like 2 Shares

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Elsueno: 11:03pm On May 11
marenkurz:
Leave dollars, why are people trading naira? You pay 1030 naira to POS agent to get 1000 naira. Isn't that itself devaluing naira?
We have elected the most stupid people among us.


which is also another failure from govt policy.if banks are well monitored by those overseeing them, Them no born them well to leave thier ATMs empty 90% of them. POS currency sellers are just taking advantage of such incompetence.
Just like filling stations hording fuel or under dispensing the correct litre of fuel. Despite paying DPR( whatever is thier name now sef) staff millions of naira yearly in salaries & allowance to checkmate that kind of thing.

1 Like

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by ojonugba2014(m): 11:03pm On May 11
0d0gwu:
Whom to blame again? Maybe Okada

Crypto exchange
ND p2p 😂

Maybe NEPA

2 Likes

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Yankee101: 11:03pm On May 11
O ti lo
Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Achoghim: 11:07pm On May 11
Emefiele is many times better than this “patch patch CV” CBN governor. They vilified him for trying to defend the Naira, yet they dipped their hands into our fx reserve just to do the same thing.

12 Likes

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Achoghim: 11:08pm On May 11
My guess is forex trading platforms like Exness and Deriv
ojonugba2014:


Crypto exchange
ND p2p 😂

Maybe NEPA
Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Krankhead: 11:10pm On May 11
Malroux:
Under the first class accountant my ass.
ALL you people are waiting fir everyday is bad news about the country. You don't know that you too are not exempted

1 Like 1 Share

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by softthings: 11:11pm On May 11
stuffs2002:
You are irrelevant, APC did worse to Jonathan












Nigeria is going through a challenging time and OBIDIENTS are happy.

I have never voted in Nigeria but that is going to change with the way OBIDIENTS have been attacking Nigeria, I will vigorously campaign against Peter Obi in any elections he presents himself. You can not be enemy of Nigeria and still want to rule Nigeria.


That Is a promise I have made

1 Like

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by SeriouslySense(m): 11:11pm On May 11
tur, otito dearest and merriment. Sai gobe. Food don land O.
Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by kingxsamz(m): 11:11pm On May 11
Batman. 🦇

5 Likes

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by franconian: 11:11pm On May 11
Taich:


I am sure Aldi and Co can save the day, except if they source locally for their goods. The moment you buy anything not made in Nigeria, that more pressure against the Naira

We've been buying things not made in Nigeria before APC.

Buhari borrowed so much with nothing to show for it. Now they are saying debts service gulps 70% of dollar outflow in Q1, they are even depleting our foreign reserve to service debt, this is one major reason the naira is losing value.

Meanwhile, the government has not stopped the borrow FX for frivolities habit. I'm not surprised, Tinubu did say he'll continue from where Buhari stopped.

7 Likes 2 Shares

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by bitingcool: 11:12pm On May 11
Taich:


I am sure Aldi and Co can save the day, except if they source locally for their goods. The moment you buy anything not made in Nigeria, that more pressure against the Naira

and when they source locally, the effect of poor epileptic power supply and cost of goods will still make their products expensive after adding their profit margin and we're back to square one. unless they influx te market with low quality food products made chiefly with chemicals and preservatives.

3 Likes

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by kingxsamz(m): 11:13pm On May 11
Krankhead:
ALL you people are waiting fir everyday is bad news about the country. You don't know that you too are not exempted

You're more concerned about those complaining, not the ones who have used your children's future to clean their dirty an.us.
SIave by choice. undecided

17 Likes 2 Shares

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Krankhead: 11:14pm On May 11
kingxsamz:


You're more concerned about those complaining, not the ones who have used your children's future to clean their dirty an.us.
SIave by choice. undecided
I'm not among you suffering. I'm making money on fsily basis and not waiting for any government to put money in my pocket

1 Like 1 Share

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by kingxsamz(m): 11:18pm On May 11
BrodaBenad:
APC nairaland goons just Tire gan

I mean what will they say now cheesy
Let's wait till when it falls back to #1300 per $ and you'll see them all over the place shouting and appreciating their faiIure of a president.
The standard is already too low and the bar is in heII. Who would have thought APC sIaves who wailed over #150 per $ would be celebrating dollar at #1300? Their Tinibooo has failed, so they're trying to console themselves with the little they can. 😂

19 Likes 4 Shares

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by edungene7: 11:19pm On May 11
Putindbutt:

Shebi you don give yourself a job, as official thread creator of naira affairs. when naira start picking up again, don't continue to open the thread if dem born you well.
Easy man i can tell from a million miles that your blood pressure is high dont die untimely please your 30k stippend can not be inherited

12 Likes 3 Shares

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by YouAreNobody: 11:20pm On May 11
stuffs2002:

Nigeria is going through a challenging time and OBIDIENTS are happy.

I have never voted in Nigeria but that is going to change with the way OBIDIENTS have been attacking Nigeria, I will vigorously campaign against Peter Obi in any elections he presents himself. You can not be enemy of Nigeria and still want to rule Nigeria.


That Is a promise I have made
lolzzz.....so in your little mind you'll get back at obidients by voting another useless leader. Lolzzz.....stupidity of the highest order

24 Likes 6 Shares

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by bigpicture001: 11:20pm On May 11
Baxilexi:
It’s time for humble pie… outdate the old naira notes.

Encourage e-banking on all platforms.

Invite global food retailers (Aldi, Kroger, Carrefour) to open shop in the country, this will help stabilize/reduce demands FX, support food security and create employment. On the downside, It’s will temporarily halt local production but the issues bedeviling local production are multifaceted and cannot be addressed in the short-medium term.

That will still not solve the problems...only dollar supply will sort the problem
Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by kingxsamz(m): 11:21pm On May 11
Krankhead:
I'm not among you suffering. I'm making money on fsily basis and not waiting for any government to put money in my pocket

Why do you APC sIaves say this whenever Tinibooo's failure is brought up? Who asked you if you're making money?
Millions of your feIIow APC sIaves are not as privileged as you. And they're crying in silence. What do you have to say to them? 😂

19 Likes 6 Shares

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Donaldoni: 11:24pm On May 11
Nairaland should stop this nonsense of putting depreciation of the Naira on frontpage.

It goes a long way to cause more harm.

Where is the NSA where you need him most

The dollar is still NGN1,471 on BYBIT

1 Like

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by BrodaBenad: 11:24pm On May 11
kingxsamz:

Let's wait till when it falls back to #1300 per $ and you'll see them all over the place shouting and appreciating their faiIure of a president.
The standard is already too low and the bar is in heII. Who would have thought APC sIaves who wailed over #150 per $ would be celebrating dollar at #1300? Their Tinibooo has failed, so they're trying to console themselves with the little they can. 😂
Imagine celebrating Naira hitting 1000/$1?


we saw all that here in nairaland

6 Likes 1 Share

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by yewit37486: 11:25pm On May 11
bitingcool:


and when they source locally, the effect of poor epileptic power supply and cost of goods will still make their products expensive after adding their profit margin and we're back to square one. unless they influx te market with low quality food products made chiefly with chemicals and preservatives.

Exactly. We need to go back to the fundamentals - sort out security so people can go back to the farms, improve electricity supply to support local manufacturers, cut the cost of governance and of doing business in the country etc. Addressing some of these basics is enough to draw investors naturally. But if anyone thinks bringing Aldi and the rest to Nigeria in this current state is the answer, I am sorry to say, it's not.

2 Likes

Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by bigpicture001: 11:29pm On May 11
There is only one way to strengthen the naira..nd that is by ordering Nigerian own firms which operate abraod to repatriate at least 10℅ of its forex earning nd maintain acct with that with a Nigerian bank...


The problem is lost of confidence by the international nd local biz community

The supply chain is d problem not necessarily the demand side of the forex
Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by bigpicture001: 11:30pm On May 11
yewit37486:


Exactly. We need to go back to the fundamentals - sort out security so people can go back to the farms, improve electricity supply to support local manufacturers, cut the cost of governance and of doing business in the country etc. Addressing some of these basics is enough to draw investors naturally. But if anyone thinks bringing Aldi and the rest to Nigeria in this current state is the answer, I am sorry to say, it's not.

It will still not sort the issue cuz of caputal flught wich are associated by foreign investors
Re: Naira Declines To N1,510, N1,466.31 At Parallel, Official Markets by Cromagnon: 11:30pm On May 11
Baxilexi:
It’s time for humble pie… outdate the old naira notes.

Encourage e-banking on all platforms.

Invite global food retailers (Aldi, Kroger, Carrefour) to open shop in the country, this will help stabilize/reduce demands FX, support food security and create employment. On the downside, It’s will temporarily halt local production but the issues bedeviling local production are multifaceted and cannot be addressed in the short-medium term.
So slavery? You not wise at all
What is difficult in going back to farm with everybody armed against bandits?

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