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Nairaland Forum / Nairaland / General / Business / Why The Naira Is Now Gaining Against The Dollar (56389 Views)
Why The Naira Is Going To N1000 To The Dollar / When The Naira Was Stronger Than US Dollar (Throwback) / ‘Anyone Caught Abusing The Naira Will Face Jail Terms’ – CBN Warns Nigerians (2) (3) (4)
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Re: Why The Naira Is Now Gaining Against The Dollar by grandstar(m): 5:18pm On Jun 18, 2021 |
omohayek: I like your phrase "risk-free arbitrage" as that is what it really is. I concur with you that only a new regime can change things. That should in 2023. Regime change may be meaningless if a Maduro simply followed a Chavez. I seriously doubt that will happen 2 Likes |
Re: Why The Naira Is Now Gaining Against The Dollar by lurvy: 5:26pm On Jun 18, 2021 |
If you have to buy USD.. It's advisable to buy so now, because this recent drop in exchange rate is only temporary... 1 Like |
Re: Why The Naira Is Now Gaining Against The Dollar by nymphomaniac(m): 5:26pm On Jun 18, 2021 |
TCD:always use abokifx to ascertain the going rate before you sell. Good luck. |
Re: Why The Naira Is Now Gaining Against The Dollar by SmartPolician: 5:32pm On Jun 18, 2021 |
omohayek: 2 Likes
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Re: Why The Naira Is Now Gaining Against The Dollar by Cooky007(m): 5:40pm On Jun 18, 2021 |
What an ironical statement! The dollar doubles the naira in just 4years. |
Re: Why The Naira Is Now Gaining Against The Dollar by pacespot(m): 5:41pm On Jun 18, 2021 |
This happens while the dollar is gaining against major currencies like Euro, pound, CAD, Swiss franc, NZD, and AUS |
Re: Why The Naira Is Now Gaining Against The Dollar by Thinktwicemybro: 6:14pm On Jun 18, 2021 |
MartinsD12:True bro |
Re: Why The Naira Is Now Gaining Against The Dollar by aigohior(m): 6:55pm On Jun 18, 2021 |
These guys don't know anything, they too are dumbfounded. Dem just the blow grammar |
Re: Why The Naira Is Now Gaining Against The Dollar by Yankee101: 6:56pm On Jun 18, 2021 |
Temporary measure |
Re: Why The Naira Is Now Gaining Against The Dollar by Nobody: 7:24pm On Jun 18, 2021 |
I aint gat no patient reading this crap. Its called Retracement or Corrective Wave. The next Impulsive wave will be at N600. Coconut head Zoogerians |
Re: Why The Naira Is Now Gaining Against The Dollar by NotGej: 7:34pm On Jun 18, 2021 |
The BDC operators make 100 per dollar. If that anomaly is not addressed then I see no sense in all the verbiage etc. Our exchange rate / fx management is a SCAM. 1 Like 1 Share |
Re: Why The Naira Is Now Gaining Against The Dollar by BenedictStinson(m): 7:46pm On Jun 18, 2021 |
LaIabobo:The real problem is the stupid $100 cap on international spending for naira cards. MasterCard's were created for seamless international transactions but this anti business government decided to force everyone to find dollars in cash before performing simple transactions creating scarcity of the dollar hence our horrible exchange rate |
Re: Why The Naira Is Now Gaining Against The Dollar by almarthins(m): 7:50pm On Jun 18, 2021 |
Thinktwicemybro: Na real nonsense new dey make front page this days. At 496 is that one gain? Some one should wake me, am dreaming. 1 Like |
Re: Why The Naira Is Now Gaining Against The Dollar by Gfskw: 11:23pm On Jun 18, 2021 |
Hmmm |
Re: Why The Naira Is Now Gaining Against The Dollar by Osense1: 11:49pm On Jun 18, 2021 |
Thinktwicemybro:1 egg 150 |
Re: Why The Naira Is Now Gaining Against The Dollar by azeez1271: 12:51am On Jun 19, 2021 |
Contact me to sell your usd at parallel rate always. If you lives within ibadan physical deal is accepted |
Re: Why The Naira Is Now Gaining Against The Dollar by Thinktwicemybro: 1:06am On Jun 19, 2021 |
Osense1: You see, wahala for who even vote buhari |
Re: Why The Naira Is Now Gaining Against The Dollar by azeez1271: 1:32am On Jun 19, 2021 |
deeptechcool: Are you in market friend? |
Re: Why The Naira Is Now Gaining Against The Dollar by azeez1271: 1:48am On Jun 19, 2021 |
TCD: I can buy from you always, best market rate |
Re: Why The Naira Is Now Gaining Against The Dollar by Vietnaminfo(m): 7:28am On Jun 19, 2021 |
azeez1271: If you can come to Lagos we can transact |
Re: Why The Naira Is Now Gaining Against The Dollar by komodapson(m): 11:00am On Jun 19, 2021 |
LaIabobo: Please permit my ignorance 'cos I might not be vast in areas of non-fiscal economy, but I kept asking myself this pertinent question : "what is highest commodity we spend our FX earnings on"...reports indicates we spend it on importing PMS(petrol), I'm not sure but it'll definitely gulp be over %55 of our FX earnings. Next will be Food: Rice, Wheat, Fish, Bulk Sugar e. t. c Next probably is Machineries/equipment/cars/industrial chemicals, medical tourism, Education... all these and many more will share the remaining %45. Now here comes the question, what happens to exchange rate when dangote refinery becomes operational at full capacity and the product sold at local currency naira equivalent of the $? |
Re: Why The Naira Is Now Gaining Against The Dollar by Tonysmith4sure(m): 10:46am On Jun 20, 2021 |
So OP na good news be this like this abi |
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