Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,155,873 members, 7,828,111 topics. Date: Wednesday, 15 May 2024 at 01:08 AM

Naira Continues Appreciation Against USD At Forex Market - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Continues Appreciation Against USD At Forex Market (45047 Views)

Naira Depreciates By N64 Against Dollar At FOREX Market / Naira Depreciation: USD Supply Drops By 42% At FOREX Market Despite Binance Exit / Naira Keeps Depreciating Against USD (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: Naira Continues Appreciation Against USD At Forex Market by Maj196(m): 3:08am On Mar 17
Can't it appreciate any further? It has been stagnant within the range of 1500-1600 for some weeks now
Re: Naira Continues Appreciation Against USD At Forex Market by EreluRoz: 3:56am On Mar 17
Cindypresh:
Until it gets down to #216=$1


Anything more than that is unacceptable, tinupoo and Apc are all failures
Jonathan is the architect of the Nigeria we have today, I know you'll never believe this but it is the bitter truth.

When he lost to Buhari he started disorganizing everything and made sure he left a mess that'll be hard to resolve for Buhari and Buhari added his own mess when he couldn't do anything and then it got out of hand and now Tinubu has inherited the mess as well. That's how it has been going on
Re: Naira Continues Appreciation Against USD At Forex Market by olaniyilukman(m): 4:08am On Mar 17
kcprince:
I pray it comes down to some decent numbers like 1k or 900.

Usually the best time to buy dollar yearly is between February and first week of April. It is attributed to the Chinese new year holiday where factories stop working in China. I am surprised we witnessed a rise instead this year. What will then happen between September and December when dollar demand is highest?
Madman, so your decent number is 1K
Re: Naira Continues Appreciation Against USD At Forex Market by WorkTheTalk(m): 6:36am On Mar 17
Good news.
Re: Naira Continues Appreciation Against USD At Forex Market by franudi: 6:39am On Mar 17
Until Naira goes back to where Jonathan left it, I will not take Tinubu seriously.

1 Like

Re: Naira Continues Appreciation Against USD At Forex Market by Cindypresh(f): 7:45am On Mar 17
EreluRoz:
Jonathan is the architect of the Nigeria we have today, I know you'll never believe this but it is the bitter truth.

When he lost to Buhari he started disorganizing everything and made sure he left a mess that'll be hard to resolve for Buhari and Buhari added his own mess when he couldn't do anything and then it got out of hand and now Tinubu has inherited the mess as well. That's how it has been going on

Buhari added his own mess in his first 4yrs we agree, but you and tinubu campaigned and voted for him again for second term.


Are you just realising that buhari is a failure?
Re: Naira Continues Appreciation Against USD At Forex Market by Freshtruth(m): 8:28am On Mar 17
kcprince:
I pray it comes down to some decent numbers like 1k or 900.

Usually the best time to buy dollar yearly is between February and first week of April. It is attributed to the Chinese new year holiday where factories stop working in China. I am surprised we witnessed a rise instead this year. What will then happen between September and December when dollar demand is highest?
it should come down to 50naira that my prayer

1 Like

Re: Naira Continues Appreciation Against USD At Forex Market by Idaytesj29(m): 9:30am On Mar 17
jesmond3945:
it wont. it is pegged at 1300

Pegged by who?
Re: Naira Continues Appreciation Against USD At Forex Market by Mandate1: 10:50am On Mar 17
Arobaga:
So from 1608 to 1602 na appreciation?




Naira gained N6 before three days dollar go drink viagra high like witch



Na only Nairaland naira dey make gain but prices of food and products still remain the same
it seems they are playing politics with this their news. Something fell from 700 to 1600 den made gains of #6 and dey are publishing it. I no just understand our media again.

1 Like

Re: Naira Continues Appreciation Against USD At Forex Market by kcprince: 10:52am On Mar 17
olaniyilukman:
Madman, so your decent number is 1K

I think you are the one who is mad because how can you vote in a failure( because of tribalism) who has taken our exchange to 1600 and instead of attacking who you voted you decide to shift your aggression to someone who is hoping to see 900 to 1000 once again. I think this qualifies as a great madness.

1 Like

Re: Naira Continues Appreciation Against USD At Forex Market by Mandate1: 10:56am On Mar 17
Tecnophone:
Nice development but not impressed.
whr is the nice devt?
Re: Naira Continues Appreciation Against USD At Forex Market by Mandate1: 11:15am On Mar 17
EreluRoz:
Jonathan is the architect of the Nigeria we have today, I know you'll never believe this but it is the bitter truth.

When he lost to Buhari he started disorganizing everything and made sure he left a mess that'll be hard to resolve for Buhari and Buhari added his own mess when he couldn't do anything and then it got out of hand and now Tinubu has inherited the mess as well. That's how it has been going on
pls go get chilled water and drink. What kind of talk is this? Mtvhew

So both GEJ and Buhari destroyed Nigeria and left it for Tinubu? Yet the same Tinubu met dollar at 400, fuel at 160. Only to increase both by himself and blame others for a mess. You really deserve cane for this your comment.
Re: Naira Continues Appreciation Against USD At Forex Market by EreluRoz: 11:17am On Mar 17
Mandate1:
pls go get chilled water and drink. What kind of talk is this? Mtvhew

So both GEJ and Buhari destroyed Nigeria and left it for Tinubu? Yet the same Tinubu met dollar at 400, fuel at 160. Only to increase both by himself and blame others for a mess. You really deserve cane for this your comment.
Oya come and beat me
Re: Naira Continues Appreciation Against USD At Forex Market by Mandate1: 11:20am On Mar 17
franudi:
Until Naira goes back to where Jonathan left it, I will not take Tinubu seriously.
that's even rocket science. Let him take it back to whr Buhari his party man left it. According to Tinubu's men, Buhari is a failure, so let them take it back to whr Buhari left it.

1 Like

Re: Naira Continues Appreciation Against USD At Forex Market by pacespot(m): 11:21am On Mar 17
Naira trading at N1602/$ and you call it appreciation. If you know how FX market works you will not call this appreciation. Even a very strong bullish market will experience the period of price consolidation. USD/Naira pair will trade down to find support at critical price areas before jumping back up again.

Naira could only be termed as appreciating against Dollar if the period of price correction took USD/Naira to breach below critical support areas, for instance if Naira is trading below N1000 per $ for an extended period of time.

Otherwise all this is just a mere fluctuation in prices which is common in FX market.
Re: Naira Continues Appreciation Against USD At Forex Market by Mandate1: 11:25am On Mar 17
EreluRoz:
Oya come and beat me
no na, na same cane dey beat us all. Go and buy 1kilo of meat and eat. Hunger dey beat us all.
Re: Naira Continues Appreciation Against USD At Forex Market by Holaomoakin(m): 1:22pm On Mar 17
The Tinubu-led administration has made earnings, labour, wages less profitable for Nigerians due to inflation in prices of goods and services.
Re: Naira Continues Appreciation Against USD At Forex Market by Reeb2244: 7:00pm On Mar 17
kcprince:


[s]Mind your words. Some of us are old enough to be your father.[/s]

You find it hard to understand what I wrote and I don’t know why. Decent amount Means a reasonable drop
That comment over the price is off point.
Re: Naira Continues Appreciation Against USD At Forex Market by PARADIZEPRIEST: 10:05pm On Mar 17
AS LONG AS YOU CONTINUE TO DEMOLISH BUHARI TRIBALISM BDCS AND EMEFIELE BANK FRAUDCOMMUNITY AMONG BANKERS,NAIRA WILL BE AT .N500 TO DOLLAR angry
Re: Naira Continues Appreciation Against USD At Forex Market by glossygstar(m): 11:50pm On Mar 17
GOODNEWS
Re: Naira Continues Appreciation Against USD At Forex Market by JobZoneNews(m): 5:36pm On Mar 19
Riskymarvelous:
in what way In dis tinubu and Akpabiobio regime? Dey play

Let's have hope. Even if you don't have hope in Nigeria, have it in yourself. At least that does not hurt!

(1) (2) (3) (Reply)

My Bitter Experience Shopping On Ebay!!! / What Type Of Business Can I Start With ₦4M / BVN Madness In Pictures

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.