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Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ (20061 Views)

Tribapay Is Still The Most Reliable For Dollar Cards Because Of Customer Care / Naira May Drop On Profit-taking, Increased Demand / Naira May Depreciate To 386/dollar In H2 —pwc (2) (3) (4)

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Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by theredaddy: 10:36am On Apr 26
Kaiser20:
Some Yoruba guys at the Bar yesterday said that they are Tired defending Tinubu online, he is just a propaganda president full of lies and brainless.


Was it an easy job for SS people to defend a GEJ,

was it an easy job for northerners to defend Buhari

So why must it be an easy job defending Tinubu undecided

we didn vote Tinubu to be defending him, we elected him to work for us and give nigerians the dividend of democracy.

1 Like

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Skillsnigeria: 10:36am On Apr 26
Hmmm
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Riskymarvelous(m): 10:36am On Apr 26
Before I can give kudos to tinibu Dollar must be in-between #350 to 400

3 Likes 1 Share

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by nedekid: 10:38am On Apr 26
Thewrath:
Who will they blame this time around? The thing about lieing is that you need to tell more lies to sustain the old ones cool

Allow cards to work internationally,especially as we are not self sufficient….when everyone can easily access dollars,demand/price will reduce when supply is excess
My card works internationally. Aliexpress etc. $3k monthly limit.
Normal naira bank card.

1 Like

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by maestro299: 10:39am On Apr 26
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock

Before you and your likes rushes to paint any critic of Tinubu's government as an 'enemy of Nigeria', I want you guys to imagine it was GEJ that was the current president instead of Tinubu. Imagine that it was GEJ's administration that was carrying out all these same policies that Tinubu's promulgating. Will you still support him?

10 Likes 1 Share

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Everlastingson: 10:39am On Apr 26
post=129642410:


Source: https://www.google.com/amp/s/punchng.com/dollar-demand-pushes-naira-to-1420/%3famp

Always lying. Lying can't improve the economy. APC criminals always trying to deceive the gullible and uninformed with diabolical lies.

2 Likes 1 Share

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by AbidoyeAyobami(m): 10:40am On Apr 26
,😂😂😂❤️😂❤️❤️😂
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by CheapHomes1: 10:40am On Apr 26
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock

are the enemies of nigeria not already in aso rock? you voted for them instead of you to demand accountability from them, you are bothered by whether aisha yesufu is happy or not. is she the the one responsible for the price of the dollar?

5 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by forgiveness: 10:41am On Apr 26
Greedy souls wants to make fast money.

BDC must be monitored. They must not selll beyond what was sold to them.
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Mandate1: 10:41am On Apr 26
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock
na Aisha Yesufu float the naira? Increase fuel from 160-650, increase kw of electricity to 225?

Oga go sleep.

5 Likes 2 Shares

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by charlsecy(m): 10:41am On Apr 26
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock
Your post doesn't make sense. Let the government stabilise the Naira. Let the government shame her if she doesn't have a point!

4 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by AkhereOkaka(m): 10:42am On Apr 26
wordbank:
grin
Reading my queen primer
I go up, up l go
Am I to go up?

And I sing...
Higher higher everyday
I will lift my dollar higher everydayyyyy

Degree holder in economics my foot
grin grin grin

When some of us said that the appreciation of the naira these past weeks was not back by productivity, that they're using national reserve to increase the value of naira against the dollar, Emilokan came for our head. The truth is when you have an unfavorable balance of trade your currency will be weak. Like the case of Nigeria when we import almost everything and major export alone is crude( not even a refined crude)

We rise by lifting others

3 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by SunMusk(m): 10:42am On Apr 26
It doesn't favour you, even you re earning in dollars. The disadvantage is greater than anything you re enjoying now. I'm earning in dollars but my pray is for naria to back around 900-500 rate. Effect is massive.
LadyRosa:
tongue

I no go lie, the dollar rise is favouring folks around me. And I'm benefitting from it.

I am at crossroad weda to pray for its rise or fall... embarassed

Nigeria is gone! Forget this country.

4 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by femicyrus(m): 10:43am On Apr 26
post=129642410:


Source: https://www.google.com/amp/s/punchng.com/dollar-demand-pushes-naira-to-1420/%3famp
Just because some people felt they should recover all their loses as a result of the CBN intervention that brought down their wicked profiteering
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by CheapHomes1: 10:43am On Apr 26
theredaddy:

Was it an easy job for SS people to defend a GEJ,

was it an easy job for northerners to defend Buhari

So why must it be an easy job defending Tinubu undecided

we didn vote Tinubu to be defending him, we elected him to work for us and give nigerians the dividend of democracy.

you are one of those that voted for tinubu. that is great. pls tell us how well he has achieved what you say you voted him for?

4 Likes 1 Share

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by TemmyT002(m): 10:43am On Apr 26
When the rate increases, we feel the impact in the prices of goods
When the rate decreases, it has no impact
Arrant nonsense.

2 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Lumig: 10:45am On Apr 26
Those demanding for dollar, what are they using it for? Cos I don't expect any institution to transact in dollars. Maybe some unscrupulous elements are hoarding it

1 Like

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by rajiedreez: 10:46am On Apr 26
The State Governors

2 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by phorget(m): 10:48am On Apr 26
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock



Those that understand the economy more than you actually knew that the chameleonic appreciation of naira is just a mirage compared to the reality but unfortunately you see them as your enemy.
Are your so call enemies the ones controlling your economy? Instead of you people to focus on how to make things work you are rather interested in knowing how your enemy feels like when you fail.

3 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Smithwilliams826: 10:50am On Apr 26
MatrixReloaded:
if dollar can get to 5000 per dollar
ha... Bad prayer.
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by emerged01(m): 10:51am On Apr 26
Namaster:
Tinubu did not understand the meaning of floating the Naira before they implemented it. The ARTIFICIAL Naira appreciation in the past few weeks is simply because the CBN had been furnishing BDCs with dollars at absurd rates.

Now that they've been called out for depleting the Foreign Reserves by trying to defend the Naira, they've cut back a little and Naira is finding its real baseline.

Fun fact: it's NOT there yet. The exchange rate will get worse.


I still wonder what can be the cause of high demand for dollar when Dangote is supplying diesel. That alone should ease the pressure.
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by INDOMIE9090(f): 10:51am On Apr 26
Boogyman557:
Holly Gram cool


EBIN PAWA ooo !!!


LITE UP my WEED in peace


WTF MAN!
see your people here begging for food on onitsha overhead bridge

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Kingray10: 10:52am On Apr 26
Carduso Policies dun fall into each other
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by LadyRosa(f): 10:52am On Apr 26
SunMusk:
It doesn't favour you, even you re earning in dollars. The disadvantage is greater than anything you re enjoying now. I'm earning in dollars but my pray is for naria to back around 900-500 rate. Effect is massive.


Oga it depends o...

Its actually favouring some relatives. Desperate folks who got properties through ill wealth when they have money are selling off properties at random price to feed their family.

My korokoro eye person sold a house for 4million to my blood, I SHOCK!. A house of 8 rooms, with a sizable compound. The idea is to renovate to a standard 4 room and parlour. After renovation na 800k a yr for rent.

Bros hunger dey o. People may have properties but not cash.

Na for lagos/ East e be like say People dey try manage, money dey flow there. Hungry dey waya people for other states o.

5 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by forgiveness: 10:55am On Apr 26
Speculators has started again.
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Okwyjesus(m): 10:56am On Apr 26
post=129642410:


Source: https://www.google.com/amp/s/punchng.com/dollar-demand-pushes-naira-to-1420/%3famp


Please we need to join hand to save our country.

Please oooo election is over.
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by bigiyaro(m): 10:57am On Apr 26
Enemies of Nigeria are going to work again!!! That binance executive that escaped is manupulating naira from Kenya.

1 Like

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by charlsecy(m): 10:59am On Apr 26
forgiveness:
BDC must be monitored. They must not selll beyond what was sold to them.
Only if the CBN could give them all the liquidity they need, but they can't.
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Deogratiasfx: 10:59am On Apr 26
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock

Fools!!! This is how to solve the Naira crashes right?

3 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Elsueno: 11:00am On Apr 26
Honestey:
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock

Stop blaming Aisha yesufu & some handful of Nigerians who combined together can't even spend half of what ur APC chieftain Yahaya syphoned alone in a day to pay his kids school fees.

You guys and ur bosses are simple corrupt, incompetent & too arrogant to even listen when everyone is telling U, what U are doing is screwing up d economy

2 Likes

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by F117nighthawk: 11:00am On Apr 26
Story story story,we are just full of excuses and foolish lies,has there never been increase in dollars and hoarding already,
U don't produce or sell anything beyond your crude oil and u want náírà to appreciate

What kind of stupid economic policy is that
Until when u stop all this buying and importation economic policy and focus on production and manufacturing before the Náírà will get a steady rise a appreciate accordingly

3 Likes 1 Share

Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by omoredia: 11:01am On Apr 26
We are producing enough oil to generate more than enough FX, but the looting is now too much.

When theives and terrorists come together to form a party, what were Nigerians expecting?

1 Like

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