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Naira Hits Record Low Of N1,348.63 /$1 At The Official Market - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Hits Record Low Of N1,348.63 /$1 At The Official Market (18183 Views)

Naira Hits Record Low Of N1960 /EUR1 At The Black Market / Naira Falls To Record Low Of N1,515 /$1 At The Black Market / Naira Hits All-Time Low Of ₦1,152/$1 In Black Market (2) (3) (4)

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Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Fash20: 2:38am On Jan 30
Nemere2020:


https://nairametrics.com/2024/01/29/naira-hits-record-low-of-n1348-63-1-at-the-official-market/?amp=1

But we are not under economic sanctions now. Why does this keep happening

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Bigchristo: 2:41am On Jan 30
anonymous1759:



Your messiah is part of the people killing the naira with importation rest
You be goat 🐐

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Chinedumejoooo: 3:02am On Jan 30
Close to one year Mr president has no achieve any meaningful project even the school loan.
He remove subsidies without properly understanding to economy of the national as new president elect.
He went ahead to float the naira against the dollar,now this is the reflection of his poor policies.
His interest is to relocate all economy agencies to Lagos and essential appointments to the west

5 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by c900: 3:40am On Jan 30
Naira will fall to 10k.i read Dangote is going to be importing crude oil, so he needs dollars to pay for it.
Nigeria is in shit hole

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by c900: 3:47am On Jan 30
Nigeria should move quickly to ecowas digital money and stop using naira. This can be done in 1 month. Peg it at 1 dollar to 50 ecodollar.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by MichaelSokoto(m): 4:11am On Jan 30
anonymous1759:
Before weekend naira will bounce back, $500 m was released today to clear backlogs enemies of Nigeria wants dollar to go back to 1k over night , see the bitterness as comments from page 1-4 I would love this country to be divided let everyone go and develop his region. They praise their leaders to be the best yet they can’t stay there and develop it .

When naira bounces back they’ll still give excuses. Before dec when dollar will crash further you all will go back to your vomit 🤮. No be only cursed mandate na stolen mandate . Because you lost an election people will not hear word again everything will turn to bitterness.
Baba, time to leave!
angry

3 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by hardon1(m): 4:23am On Jan 30
joseph1832:
what about Gold, Tin, Copper and other solid minerals?

Corruption is really what kills this country.
those ones na history.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by WowSweetGuy(m): 4:43am On Jan 30
Prices of everything hitting skyrocket and we remain the poverty capital of the world
Tinubu should be impeached asap
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by broadman20: 5:35am On Jan 30
Eriggs:

Will you keep shut there and mechionu.
He should run away and give the position to you obi fraud and terrorist supporter abi?
Wailers and losers

He should run away and give the position to you obi fraud and terrorist supporter abi?
Wailers and losers



Hahahaha hahahaha!

This one still get mouth and data to talk,

Let's give him some few months,

The financial pressure will crush his purchasing power and also shut his mouth like many of his supporters now.


Hahahaha hahahaha.

1 Like 1 Share

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Bobloco: 5:50am On Jan 30
anonymous1759:


My concern is the hate spilled my by OBIDIENTs they’re too toxic , quote me back by Friday or sat if the dollar does not crash by the time the $500 m would’ve gone round . You guys crave for bad news so you can call out Tinubu for how long ?

Crash to where... From 1500 to maybe 1450 to a dollar

Is that the kind of crash to which you are referring?

you see this Tinubu's calamitous regime, your hands will be full.

You go explain tire

2 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by jaxxy(m): 5:53am On Jan 30
we u overrate ur currency and economy u will learn the hard way.

Propaganda and arrogance doesn't improve the economy. undecided
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Rumundele(m): 6:03am On Jan 30
At official or parallel markets
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by iyke2frankeze: 6:14am On Jan 30
Tinubu will handle the economy while shetima handle security. Tinubu will build Naira the way he built Lagos.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by ojonugba2014(m): 6:18am On Jan 30
RawSex:
Find way to get dollars o

If na Yahoo sef run am, just make sure get dollars somehow.

If not you won't be able to afford a loaf of bread very soon grin

Sapa moti pe o cheesy I no even know wetin e mean sha

My greatest achievement during convid19 na joining crypto stuff

Crypto rate self mad 1$=1,450 (2p2)
Ordinary $100 ( usdt) wea I sell yesterday na #144k+

I pity those not earning in $$ at all .
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by michoim(m): 6:26am On Jan 30
Tntsi:
Despite the release of half a billion us dollars, the naira continues to crash.

I said here few months that even if tinubu hires angels in this land desecrating mandate, nothing good will come out.

With the way it is now, dollar will hit 2000.
It might even cross over to the year figure digits of 2024.

Tinubu is operating on a cursed mandate. His criminal desecrating desperation mandate has brought dearth on the land.

If Tinubu is patriotic, himself and shettima will resign and run away.
What shall we do?
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by seguno2: 6:29am On Jan 30
Tntsi:
Despite the release of half a billion us dollars, the naira continues to crash.

I said here few months that even if tinubu hires angels in this land desecrating mandate, nothing good will come out.

With the way it is now, dollar will hit 2000.
It might even cross over to the year figure digits of 2024.

Tinubu is operating on a cursed mandate. His criminal desecrating desperation mandate has brought dearth on the land.

If Tinubu is patriotic, himself and shettima will resign and run away.

Since they won’t resign and run away, what else can you do through your senator and representative

Meanwhile where is the link for the half a million dollars released to defend the Naira?

1 Like 2 Shares

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by seguno2: 6:36am On Jan 30
PlanetZero:
The evil mandate people will blame it on

1. Ipob

2. Atiku

3. Pdp ( except wike)

4. Obi

5. Nigerian Masses

6. Binance

The only one they won't blame is themselves

A failed leadership blames others except itself

Peter Obi’s clueless desperation deserves the blame for helping Tinubu achieve his Emilokan dream through Yorubalokan scam.

The clueless desperation that made him leave capitalist PDP for communist labourers in LP a few days to the primaries.

Gerrard59:
The 2023 presidential election is less than seven months away. There are three contenders, even though Peter Obi happens to be largely a pretender in my opinion. Tinubu has chosen Shettima to be his VP candidate, Atiku chose Okowa and Peter chose Yusuf. However, of the trio, Tinubu’s choice is the most controversial as it is a Muslim-Muslim ticket, which is very insensitive to the 100M+ Christian populace. To be honest, this choice increases Tinubu’s probability amongst the Muslim community in Nigeria, especially in the north-west and north-east. This brings me to the topic: Peter Obi cannot win in those regions as they will not vote for a Christian when there are two alternatives where Muslims hold sway. In the north-west, Tinubu has a greater probability of winning there as his combination resonates with the populace. Kwankwaso has said he has no problems with the choice he made but with his platform. This means when push comes to shove, he will step down for Tinubu so that BAT’s chances of winning Kano with a wide margin come to fruition. In the north-east where Shettima and Atiku come from, Peter Obi’s odds further decline as indigenes there will rather their sons than someone else.

In the south-west, Tinubu is expected to win. Don’t allow anyone to deceive you that Tinubu will lose his backyard. Yorubas don’t involve religion during elections as they are roughly divided across three religions amidst themselves. Tinubu is seen as a God figure and when the chips are down, the vast majority will tilt towards voting for the APC. However, there exists a section of Yoruba voters especially the Christians who might not/will not vote for the APC or alternatively abstain from voting due to the insensitivity of Tinubu’s choice considering the wanton killings the Christian community has experienced in Nigeria within the last seven years. The massacre in the Catholic Church at Owo rings a bell. To these people, alternatives exist in Atiku and Peter but here is it: due to what I cannot describe as the rivalry between Igbos and Yorubas, the vast majority of these Yoruba Christians will not vote for an Igbo man. They will/might be shamed, mocked at or derided or whatever, but they won’t vote for Peter Obi and/or rather cast their votes for Atiku. On the other hand, Yoruba Muslims will never vote for an Igbo man, certainly not when an illustrious son of theirs has a strong likelihood of becoming the president.

In the north-central, Tinubu’s prospects are pretty significant as people, especially the Muslims in Kwara will vote for him. The same thing in Nasarrawa, Kogi, and Niger especially as the vast majority of people in IDP camps are Christians. Benue, for instance, has one of the highest concentrations of IDPs thereby making them unqualified to vote. His chances in Plateau and Benue are very low but APC’s structures there can deliver the minimum requirement of 25% to scale through. In the south-south and south-east, Tinubu’s chances are extremely low considering he never campaigned in the south-east and only campaigned in Delta and Cross River states in the south-south during the APC presidential primaries. Effectively, he believes he won’t win in those regions, and rightfully so. In fact, I predict that Tinubu will not campaign during the campaign season in any of the south-eastern states and only in Cross River considering the influence of Okowa in Delta. He might substitute Delta with Akwa Ibom but that is it, just two states in the south-south and none in the south-east. The south-south and south-east together are home to the vast majority of Christians in Nigeria. They will not be receptive to a Muslim-Muslim presidency.

2 Likes 3 Shares

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by manikal: 6:52am On Jan 30
The paid Ronu gang can no longer shift blame to anyone. Bunch of dirty sycophants.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Free2Fly: 6:55am On Jan 30
Eriggs:

Will you keep shut there and mechionu.
He should run away and give the position to you obi fraud and terrorist supporter abi?
Wailers and losers

He should run away and give the position to you obi fraud and terrorist supporter abi?
Wailers and losers

Which senseless ediot is calling Obi a terrorist supporter in defence of a government where Shettima, one of the creators & sponsors of Boko Haram, is a VP

Are you that brainless or you're being blinded by your innate tribalism and bigotry?
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by joseph1832(m): 7:00am On Jan 30
hardon1:
those ones na history.
LOL.

How have you been?

Do you still write poems?
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Free2Fly: 7:02am On Jan 30
CoronaVirusPro:


Elections are over!

Move-on!

Nonsensical statement from drugnubu's ass-licker

So, even if election is over, is he now not suffering the consequences of your glaring wrong choice?

And to you, i mean poor you, he has no right to complain and should move on .

Some of you are not really human beings, i swear.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Amilli(m): 7:04am On Jan 30
A record low grin
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by CHRISSANCHEZ(m): 7:12am On Jan 30
post=128190992:
The implications for businesses, both large and small, are also significant, with potential increases in production costs and challenges in maintaining profitability.  
The solution is addressing fundamental issues that have hindered the effective operation of the Nigerian FX markets over the years and encouraging local productions of goods.

See who is preaching!!!
Saying jargon.
Till today your business has no address or location!!!
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by freshkpomo(m): 7:17am On Jan 30
post=128190992:
The implications for businesses, both large and small, are also significant, with potential increases in production costs and challenges in maintaining profitability.  
The solution is addressing fundamental issues that have hindered the effective operation of the Nigerian FX markets over the years and encouraging local productions of goods.



Are you indirectly wailing? You supported evil for far too long. No Matter what party we belong to, but it should never rob us of our humanity,never.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by system21: 7:32am On Jan 30
hardon1:


But we don't really export anything aside crude. When I say export, I mean something exported massively that turn in billions into the country, not petty cola nut, bitter kola or cassava flour. And right now, crude is that only commodity

What is Benin Republic exporting? Why is their money performing far better than naira? The truth is unless greedy politicians like TINUBU and his cohort stop storing their loot in dollars naira will continue to be tissue peppers to other currency
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by SenatePresdo(m): 7:42am On Jan 30
post=128190992:
The implications for businesses, both large and small, are also significant, with potential increases in production costs and challenges in maintaining profitability.  
The solution is addressing fundamental issues that have hindered the effective operation of the Nigerian FX markets over the years and encouraging local productions of goods.

Tinubu has failed.

Why is Tinubu and his gang of So called Technocrats not implementing any solution?

So it means a local citizen like you know the Solution, but Tinubu doesn't?

If he does, why isn't he implementing them?

If he doesn't, it means he's not qualified.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by moneyissweet(m): 7:43am On Jan 30
Una go see shege Banza.

Soon many of you no go dey see data again to come online 😀😀
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Treadway: 7:46am On Jan 30
joseph1832:
Come to think of it, last week the Naira hit record low of 1400 Naira, now it is hitting another record low of 1348 Naira.

I wonder why some Nigerians just love to spread half baked news.
this particular record low is in the official market, not parallel market.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by pacificom: 7:49am On Jan 30
anonymous1759:
Before weekend naira will bounce back, $500 m was released today to clear backlogs enemies of Nigeria wants dollar to go back to 1k over night , see the bitterness as comments from page 1-4 I would love this country to be divided let everyone go and develop his region. They praise their leaders to be the best yet they can’t stay there and develop it .

When naira bounces back they’ll still give excuses. Before dec when dollar will crash further you all will go back to your vomit 🤮. No be only cursed mandate na stolen mandate . Because you lost an election people will not hear word again everything will turn to bitterness.
BDC are the problem, and find out who are the owners( Hausa ppl ) They will soon buy and hoard the whole dollars disbursed by government to take us to a new level of dollar scarcity. Commercial banks also partner with BDC with intent to maximize their profit instead of selling directly to individual people who need dollars. This problem will continue untill government overhaul the entire process and break the backbone of some greedy brokers.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by stuffs4me(m): 7:49am On Jan 30
babzlim:
1dollar will heat 5k pretty soon and our head wa no won correct go normal by force.

Even if dollar "heat" 5K we will still not vote AdaObi
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Zidoh(m): 7:51am On Jan 30

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