PressMyButton:


https://nairametrics.com/2024/12/06/breaking-naira-gains-rapidly-against-the-dollar-as-sellers-struggle-to-find-buyers/?amp=1

Iseoluwani:


bro, dollar go increase by Jan

JoeyNaza:
I can confirm this. Dollar fell a lot in the black market too.

EDIT: No celebrate too much or praise Tinubu. My BDC guys explained that it's seasonal, as diaspora people are returning for the holidays, they are selling their FX in exchange for Naira, which is temporarily propping up naira value. One of them made a funny remark that all the "yankee bois" want to ride on the bad exchange rate to become billionaires in Naira , so they are selling off their dollars more than usual because it will fetch them more this period.

I am not unpatriotic, I support Naira gain, it is for our collective benefit.

PressMyButton:
Respect to Jagaban, he knows how to assemble the best brains, as Governor and now as President. Anywhere that's difficult to enter, just leave it for Tinubu, that's where he likes to dismantle into pieces.

After God, na Tinubu 💪 God bless Nigeria.

PressMyButton:


https://nairametrics.com/2024/12/06/breaking-naira-gains-rapidly-against-the-dollar-as-sellers-struggle-to-find-buyers/?amp=1

Ewabokian:


It can never cross 1300

Mark this down

Let me call on jobless helinues also to screenshot this


By April naira is 2k

Mark it

Lifemanage:

Only when this is sustained for 2 months, can I praise the govt

Softmirror:
Now this is good news.

richmond500:
it's the worst decision u could make, as long as EFEMS still exist, it will be difficult to speculate

onatisi:

It can never be sustained and what is happening is not even new. This has always been the trend for years , once it gets to December ,dollars and Fx generally crash due to holidays and inflows . More people come in from outside bringing in FX, and usually remittances back home also increases . Once it gets to January when people are going back ,then rates start going up again . It is just normal . Wit till January ending , You will be shocked at how fast it has risen back again .

Ewabokian:


And bola Ahmed Tinubu was what then ?

Yankee101:
But it’s a good opportunity to buy the dollar now using naira

PressMyButton:

Even when Dangote refinery came on board, naira did not appreciate. Give credit where it is due, the new digital platform Cardoso created has turned things around. Stop downplaying every positive news, it's a sign of sickness.

garykoeman:


Which app.

leokid866:
has any one from the last 4 administrations Been able to get our CBN external reserve to 40.2 billion dollars?

Sheuns:
If you have money, buy as much as possible. It’ll return to status quo by January.

ppogba:


The diasporans must have been coming in trailer loads according to you theory. Perhaps, all the International airports are busy now because of the arrivals. Dey play.

The diasporans must have been coming in with billions of dollars now. Dey play.

It is always like that in December and it goes up back in January. Wonderful! Only if you could back this type of appreciation up with at least statistics from the recent past.

Oga read more. Go to Nairametrics and educate your self further. and don't just hold on to one factor when there are varieties of factors .

Softmirror:
Now this is good news.

DaddyJapan:


Did diasporans not return home last years when the Naira trended downwards?

IyanAtiEgusi:

then imagine it appreciates to less than N1000 in a week

hopexter:


You want to buy something that is dropping drastically? How will you make profit if it falls below #1300/1$?

Vision101:

You may end up losing massively. There is no sign that naira will loose ground early. The major driver has always been speculation and not demand and supply. Anything that eliminates speculation will give us true value of naira.

Ebubu6:
It may come down fo 1,200 by December 2025 with more refineries coming on board.

richmond500:
it's the worst decision u could make, as long as EFEMS still exist, it will be difficult to speculate