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Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ (28353 Views)

Naira Continues Free Fall On Official Window, Trades N1482.57/$ / Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window / Naira Crashes To Record Low At Official Market (2) (3) (4)

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Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Keme4Real(f): 4:20pm On Oct 31, 2023
So Happy I converted most of my naira to USD early this month and then used it to buy Jagaban Coins. Now the value of the coin don double and dollar don rise too so if I convert my JAGA back to naira I am getting like almost x3 of what I put in. Where are those people that were laughing at us when we were talking about Jagaban coin? Una see una life? I just dey one corner dey laugh.

Pls nobody should tag me.

Abeg Let the naira just keep falling because e dey favor me and my family. When people say there is a casting down I say there is a lifting up. Truly this balablunomics sweet ooo

1 Like

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Brushstrokes20: 4:21pm On Oct 31, 2023
👀👀👀Dammmmmmmmnnnn it!....🤔🤔
The blackmarket rate is almost #1400...
What eBOLA cannot destroy does not exist indeed undecided

The shyyythole is sinking by the seconds, I never ever imagined any mortal could be worse than buhari ☹️ undecided

# fire on the mountain 🔥A stitch in time saves nine cool
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Easylife1234: 4:22pm On Oct 31, 2023
Welcome development
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by SALLYBERRY01(m): 4:23pm On Oct 31, 2023
kaysi:
This is certainly not the best of time for mini importers

For real. Market is not even moving.
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by enoch273: 4:26pm On Oct 31, 2023
And this is happening just when the festivities is around the corner. Just glad I can still enjoy exclusive discounts checking off oraimo eShop via the "Space" coupon code.

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by KingOfAmebo(m): 4:27pm On Oct 31, 2023
Taylor94:
Please this is not the price on parallel market oo



No go meet any Aboki to sell dollar for you at 993



They’ll stab you immediately



Dollar still dey $1380 for Aboki hand oo


Just like I said if una like make una vote rubbish e go favor me pass una since una no wan get sense leave tribalism


I’m stacking bitcoin on my private wallet almost every two two days


Make economy dey spoil make Naira dey fall e dey favor me


In anyway una want am Taylor go still cash out


Check the date two times coins on 28th and one received 4am this morning and you can see the name Taylor


Wahala for who no dey get dollars


LeoDeking and Yarimo make una lower una pride beg me money I go give una 200k each right now. No DM just quote this post and drop account I’ll run it at POS



Tinubu till 2098

As in, I dey even try tag the below agbadorians but hunger no fit let dem get strength to reply grin grin grin grin

During campaign dem no let us hear word, now shege don dey shegelize dem dem silent grin grin grin

Funny things is we the Obidients were already prepared for the worse and cannot be shegelized but agbadorians carry all their hope put on Tinubu, guy man never spend one year agbadorians don dey complain grin grin grin grin

I fit even vote for Tinubu during next election so that the shege banza dan iska go extend more and more as dem no wan get sense...grin grin grin grin

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10 Likes 4 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Trustyourself: 4:27pm On Oct 31, 2023
Where is their Chicago State University first class graduate?

1 Like 1 Share

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by chukkystar(m): 4:29pm On Oct 31, 2023
Taylor94:
Please this is not the price on parallel market oo



No go meet any Aboki to sell dollar for you at 993 They’ll stab you immediately



Dollar still dey $1380 for Aboki hand oo


Just like I said if una like make una vote rubbish e go favor me pass una since una no wan get sense leave tribalism


I’m stacking bitcoin on my private wallet almost every two two days


Make economy dey spoil make Naira dey fall e dey favor me


Check the date two times coins on 28th and one received 4am this morning and you can see the name Taylor


Wahala for who no dey get dollars


LeoDeking and Yarimo make una lower una pride beg me money I go give una 200k each right now. No DM just quote this post and drop account I’ll run it at POS


If I complain una go call me chief wailer, that I’m jobless that’s why I’m always online, that I’ll wail tire


I go smile look people wey I fit feed their generation with one month bitcoin


Tinubu till 2098
on @leoDeking 's behalf I beg give am. No amount is small in this Economy

1 Like

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by donborg(m): 4:30pm On Oct 31, 2023
treesun:


https://www.thecable.ng/naira-falls-to-record-low-at-ie-window-trades-n993/amp


The more they borrow money, the more the naira tumbles. ..
That's the effects of a lack of economic management team

1 Like

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Taich(m): 4:32pm On Oct 31, 2023
Taylor94:
Please this is not the price on parallel market oo



No go meet any Aboki to sell dollar for you at 993 They’ll stab you immediately



Dollar still dey $1380 for Aboki hand oo


Just like I said if una like make una vote rubbish e go favor me pass una since una no wan get sense leave tribalism


I’m stacking bitcoin on my private wallet almost every two two days


Make economy dey spoil make Naira dey fall e dey favor me


Check the date two times coins on 28th and one received 4am this morning and you can see the name Taylor


Wahala for who no dey get dollars


LeoDeking and Yarimo make una lower una pride beg me money I go give una 200k each right now. No DM just quote this post and drop account I’ll run it at POS


If I complain una go call me chief wailer, that I’m jobless that’s why I’m always online, that I’ll wail tire


I go smile look people wey I fit feed their generation with one month bitcoin


Tinubu till 2098
.

I support the motion which says Tinubu till 2098.

3 Likes

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by alt3r3g0: 4:33pm On Oct 31, 2023
9jatriot:
But there are many people waiting with billions to map up any increase in supply, that has been the problem in the last 5 years.

How did this "many people" get the billions? That is the corruption that must be addressed.

The fall is also making legit earners lose faith in the value of naira and would rather dollarize, thank keep savings in naira.

I know someone that was doing this way back as from 2016.

1 Like

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Trumpdonald5: 4:35pm On Oct 31, 2023
FreeStuffsNG, LegendHero, Yarimo, LeoDeKing etc will always avoid this thread.
Keep deceiving yourselves.

3 Likes

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by ShootThemAll(m): 4:39pm On Oct 31, 2023
Kcfresh2103:
993 is record low? Abi I no read am well

🤣🤣🤣🤣 my stomach o
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by 9jatriot(m): 4:40pm On Oct 31, 2023
I am not disagreeing with you. I am just saying even if we increase supply, there are people ready to mop it up (both corruption money and those who have lost faith in the naira). So I am just wondering since we know that it will be mopped up if there is a way for the country to make money from the whole process. Note I am only asking questions not stating a fact. So if I understand you, there is no opportunity of the nation making money from this whole process?
alt3r3g0:


How did this "many people" get the billions? That is the corruption that must be addressed.

The fall is also making legit earners lose faith in the value of naira and would rather dollarize, thank keep savings in naira.

I know someone that was doing this way back as from 2016.
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Taylor94: 4:42pm On Oct 31, 2023
KingOfAmebo:


As in, I dey even try tag the below agbadorians but hunger no fit let dem get strength to reply grin grin grin grin

During campaign dem no let us hear word, now shege don dey shegelize dem dem silent grin grin grin

Funny things is we the Obidients were already prepared for the worse and cannot be shegelized but agbadorians carry all their hope put on Tinubu, guy man never spend one year agbadorians don dey complain grin grin grin grin

I fit even vote for Tinubu during next election so that the shege banza dan iska go extend more and more as dem no wan get sense...grin grin grin grin

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Haaaaaaaa you wan start world war ooo🤣🤣🤣🤣



See list

5 Likes

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by AllDModsAreMaad: 4:43pm On Oct 31, 2023
It is well
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Babastrong(m): 4:43pm On Oct 31, 2023
You are still on this. even the dullest obidient has moved on. e be like say this your cry go last for 8years.

1 Like 1 Share

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by didymario7(m): 4:44pm On Oct 31, 2023
The problem remains supply. FG don't earn enough $$ that is the koko. If they had enough they don't need to sell at black market rate. All they need to do is flood the official channels with enough supply of $$ and those who resort to BDCs for the $$ would rather buy from FG. That way they starve the black market of buyers and if they can starve the black market of buyers, they can dictate the price of fx.

9jatriot:
Can people better informed about finance educate me?

What of if government rather than try to fight this drop in forex, decides to make money off it?

What I mean is buy/sell forex at a profit to willing buyers at even black market rate and make a profit off it, so that at the end of the day there is no incentive to go and buy in the black market?

Nigeria has been fighting this exchange rate like forever so perhaps it is time to follow the trend as they say in the stock market. A finance person should please explain the folly or ingenuity of this idea.

1 Like

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Biola67: 4:47pm On Oct 31, 2023
Taylor94:
Please this is not the price on parallel market oo



No go meet any Aboki to sell dollar for you at 993 They’ll stab you immediately



Dollar still dey $1380 for Aboki hand oo


Just like I said if una like make una vote rubbish e go favor me pass una since una no wan get sense leave tribalism


I’m stacking bitcoin on my private wallet almost every two two days


Make economy dey spoil make Naira dey fall e dey favor me


Check the date two times coins on 28th and one received 4am this morning and you can see the name Taylor


Wahala for who no dey get dollars


LeoDeking and Yarimo make una lower una pride beg me money I go give una 200k each right now. No DM just quote this post and drop account I’ll run it at POS


If I complain una go call me chief wailer, that I’m jobless that’s why I’m always online, that I’ll wail tire


I go smile look people wey I fit feed their generation with one month bitcoin


Tinubu till 2098
ONJR
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by didymario7(m): 4:51pm On Oct 31, 2023
skj1377:
I think at this point the determining factor for the value of Naira is speculation . This is a wrong approach. I will suggest they close the economy to unecessary importation of finished products as well as ban the use of domiciliary accounts in banks . Terms of trade and trade deals between large economies and countries should be the sole criteria to determine stability of Economy and exchange rate.

Closing the economy to uncessary importation will not work. They should place very high import duties on those product.
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by tojahh(m): 4:53pm On Oct 31, 2023
Now the matter don hard as they can't blame Peter Obi again grin
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by OilandGasMarket: 4:54pm On Oct 31, 2023
Taylor94:
Please this is not the price on parallel market oo



No go meet any Aboki to sell dollar for you at 993 They’ll stab you immediately



Dollar still dey $1380 for Aboki hand oo


Just like I said if una like make una vote rubbish e go favor me pass una since una no wan get sense leave tribalism


I’m stacking bitcoin on my private wallet almost every two two days


Make economy dey spoil make Naira dey fall e dey favor me


Check the date two times coins on 28th and one received 4am this morning and you can see the name Taylor


Wahala for who no dey get dollars


LeoDeking and Yarimo make una lower una pride beg me money I go give una 200k each right now. No DM just quote this post and drop account I’ll run it at POS


If I complain una go call me chief wailer, that I’m jobless that’s why I’m always online, that I’ll wail tire


I go smile look people wey I fit feed their generation with one month bitcoin


Tinubu till 2098
Please Sir, I no get pride
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Sunisonflex39(m): 4:59pm On Oct 31, 2023
Taylor94:
Please this is not the price on parallel market oo



No go meet any Aboki to sell dollar for you at 993 They’ll stab you immediately



Dollar still dey $1380 for Aboki hand oo


Just like I said if una like make una vote rubbish e go favor me pass una since una no wan get sense leave tribalism


I’m stacking bitcoin on my private wallet almost every two two days


Make economy dey spoil make Naira dey fall e dey favor me


Check the date two times coins on 28th and one received 4am this morning and you can see the name Taylor


Wahala for who no dey get dollars


LeoDeking and Yarimo make una lower una pride beg me money I go give una 200k each right now. No DM just quote this post and drop account I’ll run it at POS


If I complain una go call me chief wailer, that I’m jobless that’s why I’m always online, that I’ll wail tire


I go smile look people wey I fit feed their generation with one month bitcoin


Tinubu till 2098

Good evening sir. Please help me for any token..I lost my job without payment for 3 months..
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Olaideolayemi(m): 4:59pm On Oct 31, 2023
This govt was just doing rubbish.. Economy becoming so hard..God helps people's to survive!!!
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by ArcSEMPECJ(m): 4:59pm On Oct 31, 2023
Cement has added money as well.....

The window installer that am to shift money to start off his works at one of my sites, just called me that the previous quotation has come to be reviewed or else there will be issues.....

The door seller as well ...crying about Dollar issues....

NIGERIA NEEDS TO BE REVIEWED IF IT ( SHE) WORTHS TO BE A COUNTRY AGAIN...

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by phemmyfour: 5:10pm On Oct 31, 2023
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by amstamon: 5:13pm On Oct 31, 2023
Taylor94:
Please this is not the price on parallel market oo



No go meet any Aboki to sell dollar for you at 993 They’ll stab you immediately



Dollar still dey $1380 for Aboki hand oo


Just like I said if una like make una vote rubbish e go favor me pass una since una no wan get sense leave tribalism


I’m stacking bitcoin on my private wallet almost every two two days


Make economy dey spoil make Naira dey fall e dey favor me


Check the date two times coins on 28th and one received 4am this morning and you can see the name Taylor


Wahala for who no dey get dollars


LeoDeking and Yarimo make una lower una pride beg me money I go give una 200k each right now. No DM just quote this post and drop account I’ll run it at POS


If I complain una go call me chief wailer, that I’m jobless that’s why I’m always online, that I’ll wail tire


I go smile look people wey I fit feed their generation with one month bitcoin


Tinubu till 2098
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by TURAKIN2019(f): 5:14pm On Oct 31, 2023
Non sense fall,the economy is still in shabbles.
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by yarimo(m): 5:14pm On Oct 31, 2023
amstamon:

Baba oya run something for your guy na grin
8038130918 opay
chairman Stop wasting your time, Taylor94 depends on free bonus data to browse

5 Likes

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by newoffer: 5:15pm On Oct 31, 2023
There is hunger that no one can pride or associate with.
happney65:
Anybody noticed those Bulabalu supporters no longer say this statement again

"This government shall favour me and my family"

Iya ti je ori awon werey. grin

When we told them his administration will be worst than that of Buhari they were saying otherwise
Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by LeopardX: 5:18pm On Oct 31, 2023
alt3r3g0:


How did this "many people" get the billions? That is the corruption that must be addressed.

The fall is also making legit earners lose faith in the value of naira and would rather dollarize, thank keep savings in naira.

I know someone that was doing this way back as from 2016.
That's exactly what we're saying. The "buy the naira to grow the naira narrative" being used to guilt trip the ordinary masses is absurd. They're not the one with the billions mopping up the scarce dollars in circulation.

Government should go after them first before dipping their rotten hands into the domiciliary accounts of ordinary Nigerians.

1 Like 1 Share

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