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Nairaland Forum / Nairaland / General / Business / Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting (42008 Views)
Naira Crashes Massively Against Dollar 24 Hours After Tinubu’s Anniversary / Naira Crashes To ₦1,210 To US Dollar / Naira Crashes To Record Low At Official Market (2) (3) (4)
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Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by omohayek: 9:20am On Aug 16, 2023 |
smartkester:It isn't, and if it had been, a one-time devaluation of the Naira would have ended the problem once and for all. The real problem is that Nigerian governments spend more than they earn, which they try to reconcile by a mix of borrowing abroad and simply printing more money. It's the printing of ever more money that causes the problems, as it gives rise to inflation, of which the slide in the Naira's value against the US Dollar is just another manifestation. Nigerians aren't surprised when tomatoes cost 20% more than they did this time last year, yet act shocked when USD also costs 20% more, as if Dollars weren't simply another good to be purchased. 2 Likes 1 Share |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by Giltexo: 9:20am On Aug 16, 2023 |
CBN rate is 790... hehehehehe and you call am crash..1500 is the next bull run 1 Like |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by lexy2014: 9:21am On Aug 16, 2023 |
money121: Good news because they reported that it is 790naira or good news because that is the reality? 4 Likes |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by Calitoscassius(m): 9:21am On Aug 16, 2023 |
AlphaWolf27:You are correct, but in this case it didn't crash or it may have crashed on TV screen but not at physical market, even if it did crash, Naigerians would still sell at high price, nothing ever crashes in price in Naigeria, not prices of commodities in Naigeria rather it goes up high. Tell me, did you exchange dollar last? 1 Like |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by Segunbabba(m): 9:22am On Aug 16, 2023 |
Binance and Kucoin are the problem of naira in Nigeria. Kucoin and binance and still selling 940 naira for one dollar. Federal government should ban Binance and Kucoin now if they want the stability of naira. Since binance and Kucoin have refused to sell at the central bank official rate, Tinubu should ban them now 1 Like |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by FOOTSOLDIER2(f): 9:22am On Aug 16, 2023 |
Hahaha, lol. Na by media propaganda 3 Likes
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Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by lexy2014: 9:22am On Aug 16, 2023 |
omohayek: How does printing of more money cause inflation? |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by DeLaRue: 9:22am On Aug 16, 2023 |
It goes to show that the main driver of the naira/dollar price is speculation. Speculators are trading the naira like they are trading tomatoes. Instead of people to put their money into productive use that'll benefit the economy they are buying another country's currency just to make profit. These people wake up every morning hoping the dollar has gone up. Yet, these unpatriotic lot are also on social media blaming the President and the CBN. Ok na. 3 Likes |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by occfx: 9:23am On Aug 16, 2023 |
Midehi3: But he built Lagos alone single handedly with cement and shovel |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by marvellous2222: 9:25am On Aug 16, 2023 |
Dollar crash, this useless politician just dey toll with masses |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by Calitoscassius(m): 9:25am On Aug 16, 2023 |
lexy2014:It doesn't, but It reduces the value of the money. Inflations are caused by greedy rich people/humans made problems. |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by complexstuffs(m): 9:25am On Aug 16, 2023 |
IPOB/OBIDIENTS left the group |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by spencekat(m): 9:26am On Aug 16, 2023 |
Elvis2kay:Naira is not a strong currency.NIMASA,NPA etc conduct some of their transactions in dollar. |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by WHITELIGHTER: 9:26am On Aug 16, 2023 |
DailyTrust? Propaganda! I don’t know who told these APC ediots that propaganda moves any economy 1 Like |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by Calitoscassius(m): 9:26am On Aug 16, 2023 |
occfx:please remind them. |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by RealEmilokan: 9:26am On Aug 16, 2023 |
Lies from the pit of hell. |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by complexstuffs(m): 9:27am On Aug 16, 2023 |
This news go dey turn OBIDIENTS for belle |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by Calitoscassius(m): 9:28am On Aug 16, 2023 |
spencekat:That guy must be deluded how far can Naigerian currency take anyone? if not only in Naigeria. 1 Like |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by spencekat(m): 9:28am On Aug 16, 2023 |
Goodlady: |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by article1: 9:29am On Aug 16, 2023 |
Until I hear that naira has hit 350/$, that's when I'll believe that it has actually crashed. Otherwise, this is still not crash, rather, it is scratch 2 Likes |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by Calitoscassius(m): 9:31am On Aug 16, 2023 |
Elvis2kay:so how can you pay foreign companies in Naigeria in Naira that has no value? They want their money in valued currencies. i.e dollar. |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by RealEmilokan: 9:31am On Aug 16, 2023 |
Ikaeniyan0: Wake up and face reality... Dollar is still 940 this morning. We are Nigerians and we can't keep allowing politicians deceive us with the media. You and I will suffer it. 2 Likes |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by tonididdy(m): 9:32am On Aug 16, 2023 |
All of our problems are greedy man made! Some Mfs are solely responsible for determining the dollar prices, the dollar spending rate in the US doesn’t determine our rate over here BUT Instead it’s some greedy MFs who have brainwashed most Nigerians to accept the dollar over the naira and this has caused instability for Nigerians. All of this is man made and one day “they” will be made to answer to every child that went to bed hungry and every sick that died out of poverty. |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by duncan511: 9:32am On Aug 16, 2023 |
leisuretym:you don't have to blame them my brother, our leader are not ready to stop answering yes Sir to them, rather they are ready to suffer the masses to deaths to prove to them (master) that they are loyal to them, in all blame our leader we voted in and also blame our selv |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by Calitoscassius(m): 9:34am On Aug 16, 2023 |
Ikaeniyan0:When was the last time you exchanged dollar or pounds? Please tell us. As at this morning apparently it is still at 940 and you on here yapping rubbish. |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by RealEmilokan: 9:34am On Aug 16, 2023 |
complexstuffs: Have you called Aboki to confirm it, or you just swallow everything policians concoct through the media. How daft some of you can be. Now anyone who refused to be fooled by politicians is Obedient? |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by tragergeorge(m): 9:34am On Aug 16, 2023 |
iCauseTrouble:But some sold Monday 946 |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by alizma: 9:35am On Aug 16, 2023 |
Abokifx posted 950 yesterday, those guys contribute a lot the issue on ground. |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by enemyofprogress: 9:35am On Aug 16, 2023 |
The crash will favour me and my family |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by Calitoscassius(m): 9:35am On Aug 16, 2023 |
RealEmilokan:Some of them are very stupeed! He probarbly has never seen a dollar bill. |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by CrownWale93(m): 9:36am On Aug 16, 2023 |
And don't forget to pray that your aspect of life should be revert back to GEJ era including financial capability 🙏🏼 Okortor: |
Re: Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting by patrickcollins: 9:37am On Aug 16, 2023 |
money121:wetin be good news, he should revert it to where he met it |
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