This is only a temporary measure. Shey the 7billion dollars they borrowed to back the naira will finish? Just give it 2 months highest and we go back to status quo. I pray Nigeria can start producing so as to earn the much needed Forex to back the naira.

In All That You Do, Get Wisdom.


Personally, I would love 1 Naira To Be Equal To 1 Dollar.

But Mere Wishes Don't Work.


If The Government is Not Ready To Begin Utilizing The ENaira Crypto and Other Credible Crypto To Foster Agriculture and Digital Advancement in Nigeria; Things Won't Really Change!



No One Knows Who will Win This Price Action Battle.



Price can fall back to 500 Naira Per Dollar

Or

Price can rise to 2,000 Naira Per Dollar.





For Now, To Stay Safe - Convert All Your USDT To BTC To Enjoy The Bullish Run.




Stay Safe

We hope it keeps going down to at least N500 or N600

Ikaeniyan0:
Hope IPOBdients are buying the deep?

Goat 🐐. Let your agbado government perform the magic. 100 per dollar is what we want. Buhari is now a hero

MrBroke:
We hope it keeps going down to at least N500 or N600

keep dreaming

You are ever cursed for life to remain ibophobia. Ikpu your mum there.

quote author=Ikaeniyan0 post=126781919]Hope IPOBdients are buying the deep?[/quote]

This is the trend we aspire and hope it becomes the new norm

Na japa people dey put pressure on naira nothing more. Until the craze for japa subsidizes naira will continuously to down trend.

Ikaeniyan0:
Hope IPOBdients are buying the deep?

"Dip"

benuejosh:
The hypocrisy of some Nigerians is just out of imagination.

When the Naira was falling, the haters and evil wishers of Nigeria kept rejoicing and condemning the country and calling the leaders very bad and unprintable names. Now that the naira is appreciating against the dollar. Nobody will praise the leaders of the economy again.

Some of this hatersof Nigeria just want only bad things to befall this country.
Hypocrisy will not kill this country. We will continue to stand strong and become victorious.

When it is good nobody celebrates and when it is bad they rejoice.

bring it back to 750 that Buhari left it or 200 that Jonathan left it before we can rejoice with you

E go shock you, no be Emefiele dey there now.

Jashub:
It will still crash...

Good development. Good job Mr President. As far as it's continues like this, I will praise the president.

Anything negative, I will criticise him as he was the one that begged to be voted for. We didn't drag him there

Ikaeniyan0:
Hope IPOBdients are buying the deep?

You go post thread, you go rush to be FTC just to spew crap

Chachamiliano:
Good development. Good job Mr President. As far as it's continues like this, I will praise the president.

Anything negative, I will criticise him as he was the one that begged to be voted for. We didn't drag him there

Let them bring back $1 to #216 they met it before they stole power

FitCorper:
Those hoarding dollar should be careful. This is called “operation testing the waters” after which it would be allowed to exceed 1300 to a dollar to allow those at loose now regain their trapped funds. Then the next time it’s dropping we will never get to this level again. It will be a brutal and fast drop. Godbless Nigeria.

Hahahaha, Nigeria has very low export rate and high import rate, dollar will always be high!

Againstallodds:
bring it back to 750 that Buhari left it or 200 that Jonathan left it before we can rejoice with you

By the time the tenure of this administration will end in four years time, dollar will peg at 300 after eight years be sure it will peg at 120/135.

benuejosh:
By the time the tenure of this administration will end in four years time, dollar will peg at 300 after eight years be sure it will peg at 120/135.

ok

Go n buy dollars down!

Gbese lẹ ma jẹ!

Aamin

Jashub:
It will still crash...

.

I don't know why some of you don't want anything good for this country...

benuejosh:
The hypocrisy of some Nigerians is just out of imagination.

When the Naira was falling, the haters and evil wishers of Nigeria kept rejoicing and condemning the country and calling the leaders very bad and unprintable names. Now that the naira is appreciating against the dollar. Nobody will praise the leaders of the economy again.

Some of this hatersof Nigeria just want only bad things to befall this country.
Hypocrisy will not kill this country. We will continue to stand strong and become victorious.

When it is good nobody celebrates and when it is bad they rejoice.

So some people are happy at the high cost of living just so they can rise Tinubu. Y'all need to understand the meaning of criticism

Reading through all these comments shows the low intellectual level of many nairalanders....
I use to think nairalanders make some comments because of allegiance and sentiments but now I have realized that they are actually very dumb...

nnewsnjobs:


Go and sell your dollar, the peak time for dollar to go up was August, September and October, because we had very high demand during these period since most traders source for more dollars within these period to place order for good they want to sell during this December period.
So from November, dollar demand tends to reduce a little bit, also by December many people abroad will come home with some dollars as well.

So I don't think we will have a very sharp further increase again, rather we should have a stagathering drop.

The reason for the rate increase is because of those warehousing dollars to create artificial scarcity. It is not the demand for dollar. Let them continue, some people will really burn their fingers quite badly.

This is just the result of recent loan collected by this govt, it go soon clear and the north side continue. Govt did not do any meaningful thing at the moment to make naira strengthen in my own understanding ooo.

Ndleabilli:
For social media Naira is gaining and dollar is coming down but for real life it's a balablu situation😂😂😂😂🤣🤣🤣🤣

Olodo. Go school you no go. Just making noise on SM and constituting nuisance.
Look at the chart below. Hope you can read or look for someone educated to interpret for you. I took the screenshot at past 6 this morning. Looking now, it has further crashed. Bid and ask price is now 996.80 and 968.08 respectively. Olodo

EyeCumInPeace:
All these are superficial measures. Let us see it reflect on cost of living. Prices of things are still going up in the market.

Even many businesses that have been forced to close down have effect on dollar demand and can make dollar value to drop.

Tell your brothers to reduce price na ...

benuejosh:
The hypocrisy of some Nigerians is just out of imagination.

When the Naira was falling, the haters and evil wishers of Nigeria kept rejoicing and condemning the country and calling the leaders very bad and unprintable names. Now that the naira is appreciating against the dollar. Nobody will praise the leaders of the economy again.
Some of this hatersof Nigeria just want only bad things to befall this country.
Hypocrisy will not kill this country. We will continue to stand strong and become victorious.

When it is good nobody celebrates and when it is bad they rejoice.

Just shush it already pls. Do you think this is the first time the Naira I'd gaining strong stride against the dollar? The problem is this gain ain't sustainable as a matter of fact it's superficial and will likely crash and worsen. So it's too early to hail the government, you are too quick to congratulating the government when it's barely even a week since this development surfaced. Let's observe till January next year before we can be sure this is near sustainable.

nnewsnjobs:


Go and sell your dollar, the peak time for dollar to go up was August, September and October, because we had very high demand during these period since most traders source for more dollars within these period to place order for good they want to sell during this December period.
So from November, dollar demand tends to reduce a little bit, also by December many people abroad will come home with some dollars as well.

So I don't think we will have a very sharp further increase again, rather we should have a stagathering drop.

Hmmmm ,

Ahmed0336:
Make I laugh those that have been sabotaging government efforts in stabilizing the Naira and are usually the first to post any negativity regarding the Naira

The ignorance of our youths is decriable.
Many people are into business and forex and transactions that are killing the Naira every day, yet they are blaming the FG for what they are responsible for.

Some are actually ignorant of the consequences od their actions. While some are wickedly profiting off destroying the economy for their selfish gains and agenda.

But God is faithful. Karma also comes with receipts.

gigfx:
This is just the result of recent loan collected by this govt, it go soon clear and the north side continue. Govt did not do any meaningful thing at the moment to make naira strengthen in my own understanding ooo.

But government did not do anything to make Naira depreciate astronomically. It is all the handy work of speculators warehousing dollar. After all Nigeria has not embark on any major project requiring significant dollar injection in the last 3 months.

Jashub:
It will still crash...

You people are enjoying it when things are going bad, but when things are becoming better, you continue to pray for the bad situation to continue.
God will not agree with you.

Dcoy:
Reading through all these comments shows the low intellectual level of many nairalanders....
I use to think nairalanders make some comments because of allegiance and sentiments but now I have realized that they are actually very dumb...

You just ended up not saying anything. Are you proud of yourself now?

The CBN is only putting in temporary measures. And it may not stand the test of time. The only way to strengthen the Naira is for Nigeria to increase productivity, increase capacity, and become export-oriented.

God bless Nigeria