NewStats: 3,263,960 , 8,182,091 topics. Date: Monday, 09 June 2025 at 04:25 AM 6a5s4m

Lol

Sheuns:


The crash was as a result of constant devaluation of the Naira. sometimes in April last year the rate dropped to as low as 1000 to a dollar only to end the year at almost 1700. What happened to the gains?

It was also celebrated that it was gaining that period.

Nope. There was no intentional devaluation. Speculators like you were having a filled day on Binance until FG intervened.

And then it gained until the FG got tiredof supplying BDCs and allowed it to find its level which it currently is doing based on new realities like local PMS refining and EFEMS etc etc

Tinubu na talk and do. E go still rise and dollar surely falling.

post=133944983:


Source: https://www.vanguardngr.com/2025/01/naira-rises-to-n1493-in-official-market/

Do Americans also monitor exchange rates as we do?
Always keeping Nigerians abreast of the naira/dollar exchange rate could be a strategy of manipulating the price. It makes some Nigerians buy the dollar out of panic, and others lose hope in our economy. Trust me, always shoving the exchange rate in the faces of Nigerians will do little or no good.

Sheuns:
Buy if you can. Once the Chinese holiday is over, the prices will skyrocket.

You re a business man

post=133944983:


Source: https://www.vanguardngr.com/2025/01/naira-rises-to-n1493-in-official-market/

the dollar has been falling in international markets

They are disturbing us because of an
"appreciation " of less than 0.01%?


Arrant nonsense 🙄 😒 😑

[Chinese holiday is just starting this february nau,how come is affecting the dollar.be objective quote author=Sheuns post=133945580]Buy if you can. Once the Chinese holiday is over, the prices will skyrocket. [/quote]

Kingpele:
In 2011 APC told said is 217 to 1dollar ok? But today APC and thier willing zombies on Nairaland want us to celebrate 1430 to 1dollar...APC is a consuming cancer upon Nigeria 🇳🇬

In 2011, dollar was 150-160 there about. I think you meant 2015 when it went up to 216.

gergy07:
[Chinese holiday is just starting this february nau,how come is affecting the dollar.be objective quote author=Sheuns post=133945580]Buy if you can. Once the Chinese holiday is over, the prices will skyrocket.

Chinese holiday starts January and ends sometime mid February.

From my observation, every time the holiday is around, Naira tend to gain for that period.

Chibuzoc:
useless naira, if you’re not earning in $$ or have any family member remitting hard currencies, you are the mvp

shut up

adecz:



They are disturbing us because of an
"appreciation " of less than 0.01%?


Arrant nonsense 🙄 😒 😑

so why did u come to this thread

Yet Astropay still do #1430 after paying exorbitant charges; Skrill, I'm coming to you soon.

AfahaAbia:
Why are goods and services in Nigeria not reducing prices? I just don't understand

they keep increasing price

Time to buy more dollar

How do i buy dollar

AfahaAbia:
Why are goods and services in Nigeria not reducing prices? I just don't understand

That is the big question. Prices at home should be falling if dollar is falling. Nigeria Economy defy logic.

PDPdestroyer:
In December, Obiuinces told us naira gained because of diaspora remittance and would fall once New year celebrations are over. Now that it didn’t happen that way, they’re now telling us it’s because of Chinese new year
I wonder what will be their next excuse by mid year when naira will be trading around 1200/$

Check our foreign reserves in the last 2 weeks to see where the liquidity is coming from.

The drop

saintjimos:
Time to buy

buy and cry...no dip.... Naira to the moon boss...

I think I'm the happiest person with this news

The margin For parallel trade is too much it still over 1650+ ... I thought cbn already handled this.... Why do Nigeria institutions make laws without enforcing

Sheuns:


There’s low demands now due to the Chinese holidays. No work in the whole of China for a few weeks, so people aren’t buying much.

You guys said the same rubbish during Christmas. Yet it has still been going down from Christmas price. Just say you don't know what will happen, nobody really knows.

Majesty7:


And it is #1,620 at the parallel window This country is just full of drunkards. Banks and CBN chiefs needs to be arrested, jailed and executed all at once.

Official rate at #1,493? Which will be sold to Bureau de Change operators to sell above #1,620 to the public? Everything about this country sucks to the highest heaven.

The question is, why operate two windows?

Which 1620. It is 1590/1600 and my dealer has already stopped buying and selling because it is still coming down to 1580.

PDPdestroyer:
In December, Obidunces told us naira gained because of diaspora remittance and would fall once New year celebrations are over. Now that it didn’t happen that way, they’re now telling us it’s because of Chinese new year
I wonder what will be their next excuse by mid year when naira will be trading around 1200/$

You wanna take a bet; 200$;? It will be way higher than N1200 by June ending.

bewisemasses:
The naira gaining 12 [color=#990000][/color] is not worthy to ve news. The dollar losing 1200 naira; now that's news.
Propaganda people go celebrate this one.

the currency cannot gain like that in a week
It's almost impossible to gain that much

Rises or appreciate ,what's the correct word?

Hope the prices of food in the mkt also reduced?

If not, then it's meaningless to common man

PDPdestroyer:
In December, Obidunces told us naira gained because of diaspora remittance and would fall once New year celebrations are over. Now that it didn’t happen that way, they’re now telling us it’s because of Chinese new year
I wonder what will be their next excuse by mid year when naira will be trading around 1200/$

In your dreams...it will always fluctuate between 1400 n above. Don't get carried away, your government is not intentional

surgical:
you guys are the real enemies of Nigeria not those that call you out or point to the nonsense you have turned this country into
You ,your yeye government and apologist are the real enemy of the country, you set the country back several years ,you expect people to clap for your incompetence,your reverse psychology can only work on timid and naive people

Just want to ask an honest question ; why are you always wishing Nigeria to fail? This doesn’t even stop even when u relocate out of that country as u still want the country to fail to validate ur choice. You want the country to fail so badly so u can laugh at the end lol. The stupidity in some of you is intriguing. Low life mofos

irumole1975:


Just want to ask an honest question ; why are you always wishing Nigeria to fail? This doesn’t even stop even when u relocate out of that country as u still want the country to fail to validate ur choice. You want the country to fail so badly so u can laugh at the end lol. The stupidity in some of you is intriguing. Low life mofos

Because this is a question, I will answer you this way being patriotic is different from being loyal to a leader ,so when there is conflict you chose the country above the leader,but in your case you chose the leader,once the leader is no longer there ,you shift your loyalty, is that love for a country no
For your information, I am a yoruba man, I will work seriously with like minds to work against the re election of Tinubu, he himself knows this
He is being so so disappointing

AfahaAbia:


Seriously! Please how true is this?

that's the fact