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Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market (11524 Views)

Naira Appreciates To ₦‎1,280/$ At Parallel Market / Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window / Naira Bounces Back, Appreciates To N470/$ In Parallel Market (2) (3) (4)

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Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by zero8zero(m): 11:22am On Feb 25
cococandy:
So will prices come down now?
Greedy traders, hoarders doesn't want to lose their profits even prices are gradually coming down. You read where some farmers were
lamenting over the reduction of food inflation. We are quick to blame the Government but we are the real devil.
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Manculated: 11:22am On Feb 25
MasterJayJay:
March last year, a dollar was sold for 1,300 naira. https://www.google.com/amp/s/punchng.com/just-in-dollar-not-selling-at-n1000-1-bdcs-debunk-viral-post/%3famp


Is 1,300 to 1,500 an appreciation?

Yes a very good appreciationgrin

Hopefully it will appreciate more to N2500.
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Blazetrailer: 11:23am On Feb 25
Lol....if only you were educated enough to know when a currency is fully floated and when it is a managed floating.

To help your brain, that issue had been thoroughly debated on Nairaland at least and all ressonable conclusion arrived at the factbthat it was devalued and not floated. You can do a quick search instead kf diagracing yourself with half knowledge

You can also try and read the march 2024 IMF report that labelled it as "systemic devaluation" to help your knowledge . Those ones dont have any mumu to deceive.


Putindbutt:

You didn't know it was floated?, Illiterate.
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by shortIGBOman: 11:27am On Feb 25
Putindbutt:

I know there's an acute lack of education where you come from. So, can't blame you if you lack the brain to understand what Rewane said in that article.

Rewane spoke in English and the report is also written in English. Tinubu's lies and propaganda no fit change this one grin
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by zero8zero(m): 11:29am On Feb 25
Basicend:
If you checked Tinubu's budget presentation for 2025, Naira was pegged (projected) at N1,400.

So, the CBN knows what they are doing. It's the framework they designed for the year.

Naira will be within that range or lower tru out this year.
It was pegged at 1500
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Blazetrailer: 11:30am On Feb 25
Lol...it is not hard to identify those who went to quranic school rather than proper schools.

Please do yourself a favour, get one of your neighbour's children in junior secondary school to explain basic economics to you so you can stop disgracing yourself publicly.

Ensure that small child vets anything you want to post on social media before you click the send/submit button, biko. Of the boy/girl is not around to correct your illiteracy, dont bother posting at all o.


zero8zero:

Greedy traders, hoarders doesn't want to lose their profits even prices are gradually coming down. You read where some farmers were
lamenting over the reduction of food inflation. We are quick to blame the Government but we are the real devil.
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by KaptainAfrika: 11:30am On Feb 25
BUY DOLLARS NOWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by lexy2014: 11:31am On Feb 25
Putindbutt:

How is he defending it?

how do you know how his "disaster party" defended the naira but you dont know how tinubu is defending the naira?

Putindbutt:

How much did your disaster party used to defend the naira?
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by adonainana: 11:32am On Feb 25
But stability is key

If it’s going to be 1600 then it should stay there for a year or 2 years

If it’s going to be 2,000 then it should be there for 1 year

All this going back and forth actually makes things worse and doesn’t reflect in the finances of ordinary working civilians

Also I suspect it’s being artificially inflated again by the CBN by making more dollars available


And they when it runs out , the price goes back to default

It’s been happening like this since last year

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 11:32am On Feb 25
shortIGBOman:


Rewane spoke in English and the report is also written in English. Tinubu's lies and propaganda no fit change this one grin
Oya, interprete his English?, tell us your understanding of what he said 😂😂
When people wey go school dey talk, just keep quiet.

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Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by YoungBlackRico(m): 11:35am On Feb 25
MasterJayJay:
March last year, a dollar was sold for 1,300 naira. https://www.google.com/amp/s/punchng.com/just-in-dollar-not-selling-at-n1000-1-bdcs-debunk-viral-post/%3famp


Is 1,300 to 1,500 an appreciation?
It was hovering a around 1100 January

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 11:37am On Feb 25
Blazetrailer:
Lol....if only you were educated enough to know when a currency is fully floated and when it is a managed floating.

To help your brain, that issue had been thoroughly debated on Nairaland at least and all ressonable conclusion arrived at the factbthat it was devalued and not floated. You can do a quick search instead kf diagracing yourself with half knowledge

You can also try and read the march 2024 IMF report that labelled it as "systemic devaluation" to help your knowledge . Those ones dont have any mumu to deceive.


Can you see how your brain is floating 🤣🤣😂 see how semantics is confusing you 😂😂. Stop smoking.

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 11:39am On Feb 25
lexy2014:


how do you know how his "disaster party" defended the naira but you dont know how tinubu is defending the naira?

How is he defending it?
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by zero8zero(m): 11:41am On Feb 25
Blazetrailer:
Lol...it is not hard to identify those who went to quranic school rather than proper schools.

Please do yourself a favour, get one of your neighbour's children in junior secondary school to explain basic economics to you so you can stop disgracing yourself publicly.

Ensure that small child vets anything you want to post on social media before you click the send/submit button, biko. Of the boy/girl is not around to correct your illiteracy, dont bother posting at all o.


Just don't pass your senselessness to your kids.

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by phorget(m): 11:46am On Feb 25
PressMyButton:
Bitter people says after China holiday, naira would slide down and lose its strength. Against their wish, the naira is even getting stronger against the dollars, Euros, Canadian dollar and pound. Kudos to Cardoso and his indefatigable team.
Wailers, continue wailing, we like it like that.


After God, na Tinubu 💪 God bless Nigeria


At 1500naira to 1dollar you are still busy looking for wailers to blame, una no dey shame at all? Everytime you people will just be looking for validation, cant yiu just focus on stabilizing the economy and leave those wailers alone?
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by wellmax(m): 11:48am On Feb 25
MasterJayJay:


Delusional!! If I give you the option to take 100 naira or 100 US dollars, which one will you take?

After God na Tinubu? That means Tinubu is greater than prophet Muhammad.

Very senseless comment you made here.

One is telling you the naira is gaining stability you are talking about being gifted $100 or N100.

You are a baby after all.
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by bosstim(m): 11:49am On Feb 25
Omo you stupid sha ooo, why would a dollar be equivalent to #1500 in the first place?? I weep for this country because of people like you. So naira dropped from #1530 to #1500 you open that gutter of a mouth dey praise Tinubu government and na during him tenure nain dollar take rise to this level oooo. Sense is truly far from you.
PressMyButton:
Bitter people says after China holiday, naira would slide down and lose its strength. Against their wish, the naira is even getting stronger against the dollars, Euros, Canadian dollar and pound. Kudos to Cardoso and his indefatigable team.
Wailers, continue wailing, we like it like that.


After God, na Tinubu 💪 God bless Nigeria

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Blazetrailer: 11:56am On Feb 25
Lol...i knew it was beyond you....not surprised you dont know the difference. It is typical of the 30k/month gang here. They just gathered MC Oluomo followers from Oshodi and gave then access to the internet to fire on...lol...oponu!!


Putindbutt:

Can you see how your brain is floating 🤣🤣😂 see how semantics is confusing you 😂😂. Stop smoking.

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 11:59am On Feb 25
Blazetrailer:
Lol...i knew it was beyond you....not surprised you dont know the difference. It is typical of the 30k/month gang here. They just gathered MC Oluomo followers from Oshodi and gave then access to the internet to fire on...lol...oponu!!


Illiterate, stay one place, let's judge you poor Education 😂😂😂. Was it fully floated, managed floating or devalued?. Go and read Google and come back. Even at that, your brain will still fail you😂😂🤣
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Blazetrailer: 11:59am On Feb 25
Lol....from someone who does not know the difference between his left hand and his right hand....oponu


zero8zero:

Just don't pass your senselessness to your kids.
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 12:00pm On Feb 25
zero8zero:

Just don't pass your senselessness to your kids.
grin grin grin Very senseless guy. He's everywhere forming Voltron 😂😂

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 12:01pm On Feb 25
lexy2014:


how do you know how his "disaster party" defended the naira but you dont know how tinubu is defending the naira?

How is he defending it?.. bot has jammed bot today.
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Blazetrailer: 12:03pm On Feb 25
Lol....naah!! You see.....i knew you will expose yourself as a bloody uneducated one . You swallowed the bait, hook, line and sinker. You are my monkey on this topic. Lol....

Devaluation is action/exercise completely independet of the foreign exchange currency system you run....

Putindbutt:

Illiterate, stay one place, let's judge you poor Education 😂😂😂. Was it fully floated, managed floating or devalued?. Go and read Google and come back. Even at that, your brain will still fail you😂😂🤣
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 12:04pm On Feb 25
Blazetrailer:
Lol...i knew it was beyond you....not surprised you dont know the difference. It is typical of the 30k/month gang here. They just gathered MC Oluomo followers from Oshodi and gave then access to the internet to fire on...lol...oponu!!


You're taking more time on Google 😅😅
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 12:06pm On Feb 25
Blazetrailer:
Lol....naah!! You see.....i knew you will expose yourself as a bloody uneducated one . You swallowed the bait, hook, line and sinker. You are my monkey on this topic. Lol....

Devaluation is action/exercise completely independet of the foreign exchange currency system you run....

Shut up, nobody asked you for the definition of devaluation. The question is, based off your comment up there, was the naira, fully floated, a managed floating system or devalued?. Today na today 😂😂😂
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by TTPAAR(m): 12:06pm On Feb 25
Dancing currency
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Snowx: 12:07pm On Feb 25
If you talk now the Afonjas will ascribe it to enemies of BAT..but they borrow 8billion dollar to defend naira..
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Blazetrailer: 12:07pm On Feb 25
Lol...naah! ...dont downplay it.....you have been found out completely. No JS2 student who understands basic economics would have written what you wrote, bro......you are that unintelligent....lol


Putindbutt:

You're taking more time on Google 😅😅

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Temptation147: 12:08pm On Feb 25
PressMyButton:
Bitter people says after China holiday, naira would slide down and lose its strength. Against their wish, the naira is even getting stronger against the dollars, Euros, Canadian dollar and pound. Kudos to Cardoso and his indefatigable team.
Wailers, continue wailing, we like it like that.


After God, na Tinubu 💪 God bless Nigeria


Onuku, na for 1500 tinubu meet naira against dollar, well I don't blame you, you don show your level of reasoning

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 12:11pm On Feb 25
Blazetrailer:
Lol...naah! ...dont downplay it.....you have been found out completely. No JS2 student who understands basic economics would have written what you wrote, bro......you are that unintelligent....lol



Putindbutt:

The question is, based off your comment up there, was the naira, fully floated, a managed floating system or devalued?. Today na today 😂😂😂

Shut up, don't deflect from your dullness. Answer the question above. Shebi you're Mr ITK, I get your time today 😂😂🤣

1 Like

Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Blossom091: 12:14pm On Feb 25
I buy pi network coins and you have kyced and already on available in mainnet to send out

I will buy 1500ngn per one and if you are in Lagos we can meet I need up to 20k pieces

Check profile for Whatsapp
Re: Naira Hits 7-Month High, Appreciates To ₦1,500/$ In Parallel Market by Putindbutt(m): 12:18pm On Feb 25
Blazetrailer:
Lol...naah! ...dont downplay it.....you have been found out completely. No JS2 student who understands basic economics would have written what you wrote, bro......you are that unintelligent....lol



Putindbutt:

The question is, based off your comment up there, was the naira, fully floated, a managed floating system or devalued?. Today na today 😂😂😂

Don't run away, answer the question

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