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Nairaland Forum / Nairaland / General / Business / Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market (23221 Views)
Naira Gains ₦75 Against Dollar In A Single Day / Naira Trades At ₦1,730/$ At Parallel Market / Naira Trades At ₦1,520 Per Dollar (2) (3) (4)
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Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Mosba: 4:52pm On Oct 27, 2023 |
Wow! So naira can bounce back this much? |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Keme4Real(f): 5:05pm On Oct 27, 2023 |
It will still go back to falling |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Irony1: 5:05pm On Oct 27, 2023 |
Ikaeniyan0: keep deceiving yourself. this PR stunt is not working dude. |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Irony1: 5:07pm On Oct 27, 2023 |
Ikaeniyan0: Oga you are behaving like a kid. 1 Like |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Ikaeniyan0: 5:07pm On Oct 27, 2023 |
Irony1:k |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Ikaeniyan0: 5:08pm On Oct 27, 2023 |
Irony1:I was not talking to you |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by mikeapollo: 5:11pm On Oct 27, 2023 |
Ikaeniyan0: Please always refer to the exchange rate when this Tinubu resumed office, and do your comparison from thence. The naira has lost ,ore than 50% since this government came to office, in just 6 months! That is what matters to me. 1 Like |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by maasoap(m): 5:13pm On Oct 27, 2023 |
Make e come down to 900 naira first, then I might begin to have hope |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Inception(m): 5:23pm On Oct 27, 2023 |
spiSeyi: Dey play |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by abbey621(m): 5:27pm On Oct 27, 2023 |
Many of you would be shocked when the rate falls to less than 800 but many would be even more shocked to see that sellers refusing to lower prices....9ja what goes up must not come down |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by phemmyfour: 5:42pm On Oct 27, 2023 |
Ikaeniyan0:yinmu....gain N5 today to lose N100 tomorrow 1 Like |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Keme4Real(f): 5:51pm On Oct 27, 2023 |
1154 now 1 Like |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Mindofhisown: 5:52pm On Oct 27, 2023 |
It has nothing to do with govt. intervention or announcement of the finance minister regarding the clearance of the forex backlog for now, rather USD tumble against its rivals after the release of personal consumption expenditure (PCE). Those that trade will understand better. 2 Likes |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by SeaTrade(m): 5:52pm On Oct 27, 2023 |
Blitzking:20 alhadjis will mop up 8 trillion abi? You're out of touch with reality. The thing you all fail to realise is the parallel market is a very small market, $1B will mop up all their naira but guess what ? Tinubu no want that market to exist again. This $10B is to clear backlogs which is what is pressuring the naira,not inflows. Because some people that have been backlogged for a while might get desperate and look for fx by any means and turn to aboki,further heating the little market up. NAFEM is enjoying relative stability already,clear backlogs and watch parallel market demand crash and comatose. Then not to also talk of citizen confidence which clearing backlog will bring, which will also crash speculative demand,further dipping aboki market Abi una think say na that una $50 una dey buy upandan dey crash naira for aboki? 3 Likes |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Irony1: 5:53pm On Oct 27, 2023 |
Ikaeniyan0: avoidant mentality. Oga your PR stunt has failed |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Fearyourcreator: 5:53pm On Oct 27, 2023 |
BadCuntry:You will not know peace |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Nobody: 5:56pm On Oct 27, 2023 |
Good news for parallel (black) market traders |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Osanoghodua1: 6:04pm On Oct 27, 2023 |
Voodoo gain! It's commendable from N1300 yesterday to N133 today that's a voodoo gain its a welcome development. Bitcoin chief is in a sever pain and he's frabricating a falsehood on X twitter https://twitter.com/gaiuschibueze/status/1717688731526640104?t=wvdELtJDWmqfD52gxFkizg&s=19 |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by zenith2k9: 6:09pm On Oct 27, 2023 |
Please what happened to abokifx that they no longer display rates 2 Likes |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Blitzking: 6:10pm On Oct 27, 2023 |
SeaTrade:u think say na for street dey control fx..those ones na pawn..when some alhajis hoard the dollar after buying it.. ppl wey wan travel or import machinery no go see anything even politicians dey hoard am. |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by DaTruths: 6:10pm On Oct 27, 2023 |
Ikaeniyan0: Tinubu should bring it to 780 naira per Dollar that it when he came in, if it appreciates bellow that 780.. then Nigerians would consider it as something. Not when you carry 1 dollar reach 5k, then bring it back to 4k you Will want people to applaud him. |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by FireUpNow(m): 6:23pm On Oct 27, 2023 |
The USD will soon climb #1400/$ very soon. |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by providencia(m): 6:24pm On Oct 27, 2023 |
yemmit90: Really? Good news 1 Like |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Ikaeniyan0: 6:27pm On Oct 27, 2023 |
Irony1:k |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Adolfnigeria: 6:28pm On Oct 27, 2023 |
initial gra gra. |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by loswhite(m): 6:36pm On Oct 27, 2023 |
AllDModsAreMaad:All the above mentioned did not start today. Lack of FX generator did not start in this administration. Politicians did not start to save in dollars today. It has been there for a long time. The question you refuse to answer is exactly what I was waiting for. How do aboki in the black market determine the exchange rate? If you have the answers I am sure you would have typed it here. A speculative market is not the true value of the naira. |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Adolfnigeria: 6:42pm On Oct 27, 2023 |
@spiSeyi mark this post. exchange rate will never be 300-400 again. 1. the refineries will require crude oil. Nigeria-s current production is about 1.2 M deduct the amount for the refineries Nigeria will only be able to export about 900K barrels of oil. 2. Dangote the refineries will sell petrol to the government in dollars. remember the debts are in dollars as well. Even the price of cooking gas is benchmarked against the dollar. Expect the same of petrol. 3. Dangote produces cement, fertilizer. Did this improve the forex rate ? 4. Nigeria is one of the largest exporters of gas. Did this improve the forex rate ? 5/ Why do you think the refinery of oil will improve the exchange rate. ? The impact of the refineries will be this: Nigeria's revenue from crude oil will reduce ( supply of dollars will reduce) - produced sale of crude byproducts will be benchmarked against dollars. or possibly sold in dollars to the government or distributors. there won't be a net gain from the refineries. the same way most of our gas is sold, this is what will happen to the processed crude oil by products. spiSeyi: |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by honeyway(m): 6:48pm On Oct 27, 2023 |
I want to be hearing such news..all time |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Blacktruth: 6:51pm On Oct 27, 2023 |
BadCuntry: dont mind dem |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by Greatness09: 6:56pm On Oct 27, 2023 |
Ikaeniyan0: Lol 😂 you waited a long time to type this 😂😂😂 Nigeria will be great again 💪 |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by ogbe88(m): 6:58pm On Oct 27, 2023 |
spiSeyi:Fool of a took |
Re: Naira Gains Against Dollar, Trades At N1113/$ At The P2P Market by LilySam: 7:06pm On Oct 27, 2023 |
There was a country! I sell all kinds of bracelets, wrist watches, necklace, human hair, breast pumps I teach mini importation. Kindly, reach out to me on 0.9.0.6.9.1.7.7.7.1.7. |
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