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Nairaland Forum / Nairaland / General / Business / Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan (26697 Views)
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Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Iagos: 3:22pm On Jun 16, 2023 |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by TheOldGods: 3:24pm On Jun 16, 2023 |
Parachoko:760. Leave those fools to be talking trash |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by emmybobo1: 3:25pm On Jun 16, 2023 |
Parachoko:It is about availability ooo. It can even go down to 200, but I bet you mean and you cannot access it |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by obembet(f): 3:25pm On Jun 16, 2023 |
uzohrome: We Obidient only care for our brother manhood, our duty is to condemn and always look for error in good things. oseni Rufai is our leader |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by bigtt76(f): 3:27pm On Jun 16, 2023 |
Yea because most demands through the banks were artificial meant to round trip the dollar. With no more incentive to round trip, the rates would drop. ijustdey: 2 Likes |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by ECIDSGO: 3:28pm On Jun 16, 2023 |
Jokers . In coming months Naira will be about 800 to 1 dollars . Pounds sterling is currently 985 to 1 Pounds 1 Like 1 Share |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Blaze14k: 3:29pm On Jun 16, 2023 |
When JP Morgan speaks just know u r in trouble 2 Likes 1 Share |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Princeton92(m): 3:29pm On Jun 16, 2023 |
600 in coming months And here I was thinking it's $600 today na wa ooh 😕 1 Like |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by IamANigerianMan: 3:30pm On Jun 16, 2023 |
uzohrome:Suppprt what ?it will crash itself if fuel importation stop, stop people from going to useless holyland in Saudi and Israel naira dollar would fall as low as N200, all this floating is just drama nothing more. 4 Likes 1 Share |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by INTEGRITYA1(m): 3:31pm On Jun 16, 2023 |
Gradually |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Godsgift7837: 3:31pm On Jun 16, 2023 |
Parachoko:Bro abeg he get anyway to send money from Nigerian to SA? Exchangers wan use rate finish man. |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by naijapikin2(m): 3:32pm On Jun 16, 2023 |
If this baba tulumbu continues like this I and other obidients will begin to appreciate his government. I still believe peter obi will one day rule this nation and he will do well. For now let's support tinubu.. why? Because you cannot wish evil to happen in your house when an armed robber invades even if you are around or not |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Flame333: 3:33pm On Jun 16, 2023 |
uzohrome: I feel like dancing naked... Tinubu courage dey burst my brain BDC don go.... |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Parachoko: 3:34pm On Jun 16, 2023 |
Godsgift7837:Go to the bank bro Though there will be procedures you will need to follow. |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Parachoko: 3:35pm On Jun 16, 2023 |
Flame333:A lot of them will be run out of business but I don't see them going totally |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by staga: 3:35pm On Jun 16, 2023 |
Flets: It is like you don't understand the policy. What is "cheap dollars?" |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Nobody: 3:35pm On Jun 16, 2023 |
You tinubu's asslickers should desist from dishing out nonsense.Naira hasn't appreciated anything.$1 dollar was #200 before Buhari came in and until it reverses back, nothing has appreciate. 2 Likes |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Igbokwechika101(m): 3:37pm On Jun 16, 2023 |
😂😂 APC scam.let wait and see. 1 Like 1 Share |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Sachiopropty(m): 3:40pm On Jun 16, 2023 |
EyeCumInPiece: Exactly |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by thegooddieyoung: 3:45pm On Jun 16, 2023 |
Bros the US does not necessarily have to do anything about this. Read to understand okay The basic principle to drop the exchange rate is to flood the FX market with USDs mostly done via Foreign Direct Investment (FDI) Now these foreign investors must be sure that they can recoup their profits in USD to their own economy to avoid the situation currently faced in the aviation industry. Foreign investors will be closely monitoring the president's economic policies. tsdarkside: 3 Likes 1 Share |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Godsgift7837: 3:45pm On Jun 16, 2023 |
Parachoko:Okay thank you. |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Godgeteye: 3:49pm On Jun 16, 2023 |
Can I start using my master card for buy things from outside Nigeria somebody should answer me |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Military0001: 3:49pm On Jun 16, 2023 |
APC leaders killed the Naira The nonsense hype go still clear for their eyes with inflation wey go hit Nigeria 1 Like 1 Share |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by rosebowl01(m): 3:50pm On Jun 16, 2023 |
jmoore: Yes, that APC Administration (Buhari) failed and are shameless hypocrites. But at the inception of this new Admin, USD is trading at 765, if they could empower the naira that it closes at 600 to USD, is that not progress? Was it Tinubu that devalued it from 216 - 765? |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Parachoko: 3:51pm On Jun 16, 2023 |
Godsgift7837:You're welcome boss |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by LordAdam16: 3:57pm On Jun 16, 2023 |
airsaylongcome: The headline is misleading. High 600s is not 600/$. Yesterday, it closed at 702 at the official I&E window. Intra-day high of 791. Turnover declined from almost $200m to $70m. We're currently producing 1.5m bpd. Our OPEC cap is 1.8m bpd. And there's $12B in unfunded liabilities to be cleared. I initially believed the unified rate will settle at mid 600s. Now, I expect rates to oscillate at mid 700's. Not to mention, all of this is contiguous on the global economy not falling into a recession later this year or early next year. Germany has already slipped taking the eurozone with it. New Zealand just slipped. China's recovery is anemic. Oh, have I mentioned roaring inflation? In the mid term, dollar earners are safe. I sha moved most of my funds to Naira and I immediately convert most of my earnings that I'm not planning to invest in foreign securities to Naira. The CBN is yet to inject massive funds, so that's the immediate concern. Otherwise, the elevated parallel market rate has been quite resilient. Lastly, we've been here before. Rates crashed from 520 to 360 before. So a N100 appreciation will not be that painful. I'll just chuck it up as 15% increase in COL. And when the rate appreciates and settles, I'm moving spare change back to $. Because the next upheaval will take rates to 1000. Whether it is recession, oil price collapse, hyperinflation, another pandemic... It does not matter, because Nigeria's economic health is immunocompromised. Any slight shock and the descent will resume. -Lord 6 Likes 2 Shares |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by bonnyhope: 3:59pm On Jun 16, 2023 |
uzohrome: Gr8 news for N600/$? |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by Exodora: 3:59pm On Jun 16, 2023 |
tesppidd:You must be wicked. Like this nau watin you wan make i do my dollar so. |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by 8stargeneral: 3:59pm On Jun 16, 2023 |
MXrep:Ask him oh |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by lomprico(m): 4:00pm On Jun 16, 2023 |
helinues: How is it good news? Dollar that buhari pegged at 490 is now 600 and you are saying it's good news. You think Mallam will sell it for 600 to you? Keep dreaming. Na everybody go collet! |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by klawaaa: 4:01pm On Jun 16, 2023 |
Werey devalued the naira in disguise. Even in his 8 years, the naira can't regain it original value at the official rate (450 - 500 NGN) he met it. Osinwin Eleyan. tesppidd: 1 Like |
Re: Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan by passthem(m): 4:11pm On Jun 16, 2023 |
I've told people,until policies change the lives of common men,then you can say your president has done well...Until then,read a true life stories here https://vocal.media/humans/shadows-of-manipulation |
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