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Nairaland Forum / Nairaland / General / Business / ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months (21497 Views)
Naira Crashes Massively Against Dollar 24 Hours After Tinubu’s Anniversary / Naira Gains ₦75 Against Dollar In A Single Day / US Dollar Supply Surges By 51% In Forex Market As Naira Records Gain (2) (3) (4)
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Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by PressMyButton: 11:14am On Apr 17 |
CodeTemplar:Parallel market drivers, Lol. |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Beautifulday: 11:30am On Apr 17 |
PressMyButton: Nah Aboki be parallel market. CBN is defending the naira by selling to Aboki and putting a cap on how much they are to sell. As it is 1100 naira now. If CBN sell to Aboki at 900 naira. Aboki is expected not make any profit above 50 naira. Aboki price will continue to fall as CBN continue to sell lower to Aboki. That is the agreement with the new approved BDC. 6 Likes 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by nairalanda1(m): 11:33am On Apr 17 |
Manufactured goods and services |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by spartachico(m): 11:47am On Apr 17 |
Ghen ghen ,part wetin be this abeg |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by cjudy(m): 11:49am On Apr 17 |
Lordsonn:This is the sad truth people don’t know. They keep on defending the government. They don’t know what will hit the Naira soon when the government will run out of fund to supervise the dollar: make I Dey here Dey laugh in waiting 4 Likes 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Angelfrost(m): 11:49am On Apr 17 |
"Enemies" are about to throw a party now... Just watch. 1 Like |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by condensedmilk: 11:51am On Apr 17 |
Angelfrost: why are you happy about the news? |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by jayce232: 11:51am On Apr 17 |
So everything about Nigeria is now naira & dollar. Nobody is talking about unstable power supply, unemployment, insecurity etc anymore. To think that the effect of the naira & dollar noise is not even reflecting on the economy & prices of goods makes this whole thing a joke! What a country 7 Likes |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by tnerro1(m): 11:52am On Apr 17 |
We that don’t have Chicago certificate or any foreign certificates told him that removing subsidies and floating the naira at the same time was bad for our already weak economy. One at a time would have been better. Now they have gone back to defending the naira. Imagine all the sufferings on the masses that would have been avoided 4 Likes 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by favor914: 11:54am On Apr 17 |
keymatt:You dey ask why your fellow citizens they cheat you? |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by favor914: 11:54am On Apr 17 |
tnerro1:Which weak economy, you still dey cry over last year’s actions by The FG? |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by pikechukwu6(m): 11:54am On Apr 17 |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by tnerro1(m): 11:55am On Apr 17 |
greenermodels: Wanted to explain to him but you beat me to it, the problem is the block head will still not understand unless explained in his native language |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Niok: 11:55am On Apr 17 |
Reserve dn dey finish o Go into production una no go hear U won't defend with reserves forever o 1 Like 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Tendd: 11:56am On Apr 17 |
A little up and down variation is very normal.l hope it does not fall to a downward trend like we saw lately.lt is unfortunate, however, that Prices of basic commodities are still rising and not showing any signs of reducing. |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Eriokanmi: 11:56am On Apr 17 |
Lordsonn:Tunubu simply did what he once accused Buhari and emefiele of( rescuing the naira with dollar). See how super clueless he is? As clueless as those supporting him. 4 Likes 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by favor914: 11:56am On Apr 17 |
Niok:You done go into production, who you dey refer to? |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Angelfrost(m): 11:57am On Apr 17 |
condensedmilk: Happy??! How?!! I'm always happy... Everywhere soft for my side. I can't become happy when things go wrong in Nigeria, and I can't be sad either. I don't waste emotions. 2 Likes |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by favor914: 11:57am On Apr 17 |
Eriokanmi:Na Tinubu make you poor abi? |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by tnerro1(m): 11:57am On Apr 17 |
favor914: Last year actions that is still affecting people up till now, did you take strategic planning as a course in the university or you skipped school? 2 Likes 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Metordman: 11:58am On Apr 17 |
ogododo:stop all these false news, it's not worth celebrating yet. Let it drop to 800 where Buhari left it. |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by AMI3(m): 11:58am On Apr 17 |
tollyboy5:U are funny. So all Nigerians live in Lagos 1 Like |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Trustyourself: 11:58am On Apr 17 |
ogododo: E don start again APC knows what they are doing. Throwing people into poverty and hunger is their hubby 1 Like 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Niok: 11:59am On Apr 17 |
favor914:I dey produce sperm 1 Like 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by koboko69: 11:59am On Apr 17 |
This is what the hatchet job by that Obi supporter that wrote tales and lies about the fx reserves dwindling and being used to defend the Naira has caused. Panic! They dont want to see Nigeria prosper so they can say oh whe told you. The theif from Agulu is the savior 1 Like 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by favor914: 11:59am On Apr 17 |
Trustyourself:Na APC put you inside poverty abi? |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Zico5(m): 12:00pm On Apr 17 |
SpecialAdviser:Talking as if his kinsman can do better. The guy destroyed everything Anambra stand for in just 8 years and now with substandard bore hole, he is willing to rule Nigeria. We are not fools. We will surely show his shege banza again. 1 Like 1 Share |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by favor914: 12:00pm On Apr 17 |
Niok:No wonder you dey complain. |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Segzy19: 12:00pm On Apr 17 |
Before the haters of Nigeria start jubilating, read the news properly o. The depreciation is as a result of decreased crude oil sales in March. This is normal in business as it's not everyday or monthly that you make huge sales or profit. There could be some dips in some months.... Nigeria shall be better..... I want it to be better.... |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by favor914: 12:02pm On Apr 17 |
tnerro1:There are over 220 million people within the borders of the Federal Republic of Nigeria, including millions of lazy people, & Almijiris, If you like don’t go & find a way to prosper your life. |
Re: ₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months by Procashtips(m): 12:02pm On Apr 17 |
To some people, this is progress Naira was ₦461 and ₦570 (Official and black market rate) this time last year You came and scattered everything, same naira went to ₦1900+, you decided to return back to status quo by officially manipulating the market plus fixing rate. (Same thing others did before you came). Now that you're trying to return to status quo, you're using the buy-out media to deceive the gullible into thinking you have done anything tangible. The effects of your rash decisions can be seen on the streets. Everything still high as ever. Even if Naira returns back to ₦461 or even ₦570, can bag of rice return to ₦32k? Fuel to ₦269? Until the average citizen can feed his or her household with minimum wage better than as it was before you came, you have done nothing. 3 Likes 1 Share |
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