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Nairaland Forum / Nairaland / General / Business / Dollar Sells For N445 As Forex Scarcity Persists (30250 Views)
Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market / Forex Scarcity Persists As CBN Resumes Intervention / Dollar Sells For N420, Naira Crashes In Value (2) (3) (4)
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Re: Dollar Sells For N445 As Forex Scarcity Persists by gentlegenius(m): 1:07pm On May 12, 2020 |
Aflix:What else do you expect from a government that has a dullard as president and a lying machine as minister of information? Is it not the same government that told us Nigeria was fully prepared for corona virus when the virus didn't reach here? |
Re: Dollar Sells For N445 As Forex Scarcity Persists by letitrainnow(m): 1:08pm On May 12, 2020 |
. . |
Re: Dollar Sells For N445 As Forex Scarcity Persists by Jeferious: 1:11pm On May 12, 2020 |
contumely2:It depends. If you are a businessman just like me, invest it in marketable goods. That way, the money is preserved, with the extra profit that comes from it. Otherwise, you exchange them for dollars. |
Re: Dollar Sells For N445 As Forex Scarcity Persists by wickyyolo: 1:14pm On May 12, 2020 |
miniziter: That’s good 1 Like |
Re: Dollar Sells For N445 As Forex Scarcity Persists by gentlegenius(m): 1:16pm On May 12, 2020 |
I understand you clearly... How I wish I fund my Forex trading account when the dollar rate was still below 400 naira. With this lockdown I would have made a lot of dollars for myself and even spend some now that its value is up. |
Re: Dollar Sells For N445 As Forex Scarcity Persists by boladale123: 1:28pm On May 12, 2020 |
SenecaTheYonger:t Name service vendors, please. |
Re: Dollar Sells For N445 As Forex Scarcity Persists by fid4fid: 1:31pm On May 12, 2020 |
OsuIgboIpob: Bro, you mean say if I go aboki buy dollar, deposit into my dorm account. Them no go let me transfer the money go another country? Why be say we no fit carry naira enter bank request dollar transfer to another country for business? Why we must buy from Aboki? 1 Like |
Re: Dollar Sells For N445 As Forex Scarcity Persists by fid4fid: 1:35pm On May 12, 2020 |
grossintel: Guy, are you serious? Them no dey give cash dollar again for bank? So boys wey wan cash out and sell to aboki no go see shi shi for bank? |
Re: Dollar Sells For N445 As Forex Scarcity Persists by fid4fid: 1:38pm On May 12, 2020 |
gypsey: Person fit use transferwise send money out of Nigeria to Dubai? How does it work ? With ATM card? |
Re: Dollar Sells For N445 As Forex Scarcity Persists by Nobody: 1:43pm On May 12, 2020 |
MondayOsunbor: No policies and strategies can avert economic woes neither be dished as profered solutions to economic meltdown when you don't understand the existence and influence central bankings in most countries. China knew American masters' games very well, reason Trump called the cunning dwarf. China is up for the game, hence the implementation of policies to only promote internal dependence and monetary circulation. You lots that falsely claimed economy were at peak during GEJ, OBJ, never ask why dollar kept rising against naira? First, you don't know what CENTRAL BANK is all about. |
Re: Dollar Sells For N445 As Forex Scarcity Persists by Nobody: 1:44pm On May 12, 2020 |
fid4fid:Yes, i think you can, you download the app, and register, it would tell you how much their rates and charges are. You can send with your debit card, paypal or you can open an account with them, bank your money there, witdraw or send when ever you want. |
Re: Dollar Sells For N445 As Forex Scarcity Persists by COMPENGRFRANK(m): 1:45pm On May 12, 2020 |
shiki:DECEMBER IS EVEN FAR |
Re: Dollar Sells For N445 As Forex Scarcity Persists by EmmaJnr1: 1:56pm On May 12, 2020 |
okomile:it will still affect u. the person u de buy garri from de also consume foreign goods like electronics, e.g socket, extension, bulbs TVs, computer, phones, etc. when the price of getting this things into naija increases, the garri seller will have to pay more to buy any imported product. so him too go increase price of garri in other to meet up. It has a way of affecting everything we do. hope u get it. u no remember say before we de buy mudu of garri #100-150. exchange rate affects everything u can think of. 2 Likes |
Re: Dollar Sells For N445 As Forex Scarcity Persists by macaranta(m): 2:03pm On May 12, 2020 |
This maths is counterintuitive, it's supposed to be crashing not rising. No body is sourcing dollars for international travels or importations like that due to border closure, so where's the demand that's making dollar rise like that? Our economy always defies logic 4 Likes 1 Share |
Re: Dollar Sells For N445 As Forex Scarcity Persists by pevo: 2:05pm On May 12, 2020 |
okomile:Hmmm |
Re: Dollar Sells For N445 As Forex Scarcity Persists by sircrabo: 2:20pm On May 12, 2020 |
i've never enjoyed online business like I do now. my fiverr withdrawals be making huge sense now. My forex trading account withdrawals too. 1 Like |
Re: Dollar Sells For N445 As Forex Scarcity Persists by LikeAking: 2:23pm On May 12, 2020 |
###Don't be a victim of the constant dollar rising problem in Nigeria### Kindly check my post you will learn about the tricks the rich in Nigeria are using to protect their money from the constant naira depreciation. 2 Likes 1 Share |
Re: Dollar Sells For N445 As Forex Scarcity Persists by goldtube(m): 2:23pm On May 12, 2020 |
They finally sold the Country |
Re: Dollar Sells For N445 As Forex Scarcity Persists by ogene70: 2:31pm On May 12, 2020 |
1 Like |
Re: Dollar Sells For N445 As Forex Scarcity Persists by Dollabiz: 3:10pm On May 12, 2020 |
ye |
Re: Dollar Sells For N445 As Forex Scarcity Persists by sirkonline(m): 3:12pm On May 12, 2020 |
SenecaTheYonger: Calm down bro...its not fake news...3 different rate let me explain...if you have $100 right now...go on the street(Sabo) you will get 44500(That is called black market or parallel market or unofficial market), same $100 official with CBN is currently 390 naira, (in the bank and worldwide exchange), so..the 374 u were talking about is money transfer rate because they also making extra 15naira on every 1 dollar on your money. do u get it now? 1 Like 1 Share |
Re: Dollar Sells For N445 As Forex Scarcity Persists by MrDD: 3:44pm On May 12, 2020 |
macaranta: It's because nigeria is an import heavy country. we are always buying foreign goods, but have nothing to export, hence putting pressure on the dollars w have in the country. Too much naira chasing too few dollars. Thus, dollar price goes up. 1 Like 1 Share |
Re: Dollar Sells For N445 As Forex Scarcity Persists by chilan: 4:08pm On May 12, 2020 |
You mean if I have dollars in my domiciliary account, I cannot transfer it? OsuIgboIpob: |
Re: Dollar Sells For N445 As Forex Scarcity Persists by shiggy: 4:09pm On May 12, 2020 |
Re: Dollar Sells For N445 As Forex Scarcity Persists by Denko2721987(m): 4:11pm On May 12, 2020 |
jojofola: Paypal done they gree for Nigerians to receive $$..? Just asking ooo, thanks.. 1 Like |
Re: Dollar Sells For N445 As Forex Scarcity Persists by Nobody: 4:14pm On May 12, 2020 |
fid4fid:Shi Shi dem no go give you. Except $20 notes and that wan na 350 aboki dey buy am. Another option is to convert to naira at their rate, I converted $1100 for 380 last week at GTBANK. |
Re: Dollar Sells For N445 As Forex Scarcity Persists by samzy66: 4:27pm On May 12, 2020 |
A distress sale of a new inverter ..an X2 series 8kv ,48v inverter ..it's new a serious buyer needed. Asap .you can send a mail to ikemsamuel66@gmail.com
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Re: Dollar Sells For N445 As Forex Scarcity Persists by fid4fid: 5:03pm On May 12, 2020 |
grossintel: O' boy e! These banks buru no be small. If you carry aboki enter bank then transfer usd from your dorm account to aboki dorm account. Then he go give you naira instanta at black market rate... That one fit work? 1 Like |
Re: Dollar Sells For N445 As Forex Scarcity Persists by fid4fid: 5:07pm On May 12, 2020 |
LikeAking: Bro, how to avoid being a victim of dollar instability? Any idea? |
Re: Dollar Sells For N445 As Forex Scarcity Persists by fid4fid: 5:17pm On May 12, 2020 |
Jeferious: Another problem be say, in the short to medium term, customers will be reluctant to accept the new prices based on current exchange. That will put a drag on sales. Indirectly pressure on you for turnover. It's tough. Today 446... Tomorrow 430.. It makes things difficult. You might sell a good at 446 today.. Tomorrow the exchange rate might jump to 460. |
Re: Dollar Sells For N445 As Forex Scarcity Persists by jojofola: 5:26pm On May 12, 2020 |
Denko2721987: No. We can only send with our Nigerian paypal. We can't receive. But folks dey use US, Lesotho paypal to receive funds sha. And the rate is around #450/$ at the moment. |
Re: Dollar Sells For N445 As Forex Scarcity Persists by chaloskyx: 5:51pm On May 12, 2020 |
who cares the dollar was always gaining on the Naira even before covid we expect nothing less of the US dollar |
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