Naira which was at 1900 per dollar as of last week made it heavily against Dollar today and is now at 1295 as of today

Naira may fall back to 800 by June if it continues this way.

Credit: Jolin stories on Facebook

If you have dollar please sell.

So N5 is heavy gain?

You dey craze, walahi.

excanny:
So N5 is heavy gain?

You dey craze, walahi.

Be like garri don blind this one finish

lordm:
If you have dollar please sell.

lol. Then never tell you?

lordm:
If you have dollar please sell.

very very bad advise. Advise due to political sentiments.

The Naira will crash again. It sad that a slow gain of the Naira is giving you guys erection, even though ur senator Tinubu met it at a far lower rate.

I'm not an Igbo man. As a matter of fact, i don't like the igbo man as much as u do. Although it inappropriate to say i hate an entire tribe because of a few bad eggs. But i always state the obvious.

Sentiment aside, Tinubu is wrecking this country. u know it but choosed to console yourself with "we have to turn the country hard, to make it better for the future..." same fallacies since 2015

Tufiakwa

lordm:
If you have dollar please sell.

The same advice Charles gave to nigerians when he was CBN governor, then naira was about 175. We all know how the story ended

The government should redenominate the Naira. It should remove 3 zeros.

Before you start jumping up and down, ask yourself should dollar be more than N300..🤔🤔🤔

Before you start jumping up and down, ask yourself should dollar be more than N300..🤔🤔🤔

Did you know that it is irresponsible leadership that took the dollar up..

To be very objective, the current government deserves commended for removing the multiple intermediary rates.. before now, dollar passes through at least 4 different hands before reaching the BDCs, and also regulating the activities of the BDCs.. It shows a government that is 'aware', responsive and responsible.. before now, the president might not even be 'aware' that there are multiple exchange rates.. May we never experience that kind of leadership in Nigeria ever again.

Dry bone shall rise again.☺️

Icceyfrosh12:
Naira which was at 1900 per dollar as of last week made it heavily against Dollar today and is now at 1295 as of today

Naira may fall back to 800 by June if it continues this way.

Credit: Jolin stories on Facebook

I went to a Gtbank today and boldly displayed electronically buying $1 @ N1200

300 naira to the USD as promised by Jagaban.

Nothing less!

Kelklein:
Before you start jumping up and down, ask yourself should dollar be more than N300..🤔🤔🤔

At all o.

Jagaban promised 300 to the USD in the “short term” as of April 2023.

1 year later, sycophants want to gaslight Nigerians into celebrating 1,200 to the USD.

Interesting ain’t it?

OkCornel:


At all o.

Jagaban promised 300 to the USD in the “short term” as of April 2023.

1 year later, sycophants want to gaslight Nigerians into celebrating 1,200 to the USD.

Interesting ain’t it?

I'm not a Tinubu fan.

But calm down.

The guy is making the right moves

Joey4321:


I'm not a Tinubu fan.

But calm down.

The guy is making the right moves

No one held Tinubu at gun point when he made that promise. Or the one below…

excanny:
So N5 is heavy gain?

You dey craze, walahi.

Can you imagine the lunatic. Their propaganda as usual.

Imagine celebrating 5 naira gain over dollar in a country where even 100 naira can't even buy anything reasonable 😂😂🤌🤌

Until the naira is below 400/$ tinubu remains a failure, even buhari didn't fail woefully like this in his first 365 days in office

Paid jobbers naira that will still fall...

Kelklein:
Before you start jumping up and down, ask yourself should dollar be more than N300..🤔🤔🤔

What do you produce for export as an individual,?

Kiapk:
very very bad advise. Advise due to political sentiments.

The Naira will crash again. It sad that a slow gain of the Naira is giving you guys erection, even though ur senator Tinubu met it at a far lower rate.

I'm not an Igbo man. As a matter of fact, i don't like the igbo man as much as u do. Although it inappropriate to say i hate an entire tribe because of a few bad eggs. But i always state the obvious.

Sentiment aside, Tinubu is wrecking this country. u know it but choosed to console yourself with "we have to turn the country hard, to make it better for the future..." same fallacies since 2015

Tufiakwa

Rubbish

Dem zombies will soon call this big achievement. the poor souls are so desperate to hype and promote their little god Tinubu as the best thing since slice bread.

Kelklein:
Before you start jumping up and down, ask yourself should dollar be more than N300..🤔🤔🤔

No mind them. people wey insult GEJ when Nigeria's economy was like HEAVEN, suddenly want us to celebrate Tinubu under the current economic HELL.

Icceyfrosh12:
Naira which was at 1900 per dollar as of last week made it heavily against Dollar today and is now at 1295 as of today

Naira may fall back to 800 by June if it continues this way.

Credit: Jolin stories on Facebook

The Naira was not N1,900 last week.

AMEN AND SO SHALL OUR NAIRA CONTINUE TO GAIN POWER OVER DOLLARS TO KILL ECONOMIC SABOTUEURS FOREVER IFSHA

Kiapk:
very very bad advise. Advise due to political sentiments.

The Naira will crash again. It sad that a slow gain of the Naira is giving you guys erection, even though ur senator Tinubu met it at a far lower rate.

I'm not an Igbo man. As a matter of fact, i don't like the igbo man as much as u do. Although it inappropriate to say i hate an entire tribe because of a few bad eggs. But i always state the obvious.

Sentiment aside, Tinubu is wrecking this country. u know it but choosed to console yourself with "we have to turn the country hard, to make it better for the future..." same fallacies since 2015

Tufiakwa

On what basis will it crash? You can't just make a statement without backing it up.

The rate you guys love to quote 650 was achieved by subsidising the market by 1.5bn every month. That has gone. The aviation and The reserves are rising daily on the back of reduction in oil subsidy and higher than expected oil prices ( thanks to Ukraine) . Naira denominated bonds are being heavily oversubscribed ( in ordinary English foreigners are using USD to buy naira) And this is just the beginning.

If you hold USD now without having USD obligation you are simply being foolish. The days of investing in the USD as an asset class without obligation are gone.

This is just the beginning.

BreconHills:


On what basis will it crash? You can't just make a statement without backing it up.

The rate you guys love to quote 650 was achieved by subsidising the market by 1.5bn every month. That has gone. The aviation and The reserves are rising daily on the back of reduction in oil subsidy and higher than expected oil prices ( thanks to Ukraine) . Naira denominated bonds are being heavily oversubscribed ( in ordinary English foreigners are using USD to buy naira) And this is just the beginning.

If you hold USD now without having USD obligation you are simply being foolish. The days of investing in the USD as an asset class without obligation are gone.

This is just the beginning.

Mr. Lecturer sir, wat was dollar to naira wen alaye took over?

Don't bother providing evidence, Jez simple explanation from u sir!

.

excanny:
So N5 is heavy gain?

You dey craze, walahi.

It would have been heavy if it was a loss?

MichaelSokoto:

Mr. Lecturer sir, wat was dollar to naira wen alaye took over?

Don't bother providing evidence, Jez simple explanation from u sir!

Let reply your question since we are in the season of questions.

Let us assume that the NGN was 650 to the USD. How much was being used to maintain that price per month? Let me help you. The answer is $1.5bn. If you factor that into the rate - then the NGN was never ever 400 or 650 or whatever you all use as your holy benchmark.

Secondly, what was the speculators arbitrage? $200 that's the difference between the official rate of 450 and the black market of 650. Today that arbitrage is next to nothing.

When you factor arbitrage cost and the $1.5bn, the current rate of 1250 - 1300 is far lower than your magic abracadabra 650.

Nigeria is a far better position today than it has been in many years. Yes it's painful but you can't make
omelettes if you don't break eggs.

BreconHills:


Let reply your question since we are in the season of questions.

Let us assume that the NGN was 650 to the USD. How much was being used to maintain that price per month? Let me help you. The answer is $1.5bn. If you factor that into the rate - then the NGN was never ever 400 or 650 or whatever you all use as your holy benchmark.

Secondly, what was the speculators arbitrage? $200 that's the difference between the official rate of 450 and the black market of 650. Today that arbitrage is next to nothing.

When you factor arbitrage cost and the $1.5bn, the current rate of 1250 - 1300 is far lower than your magic abracadabra 650.

Nigeria is a far better position today than it has been in many years. Yes it's painful but you can't make
omelettes if you don't break eggs.

300 naira to the USD in the “short term”

Jagaban - April 2023