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Nairaland Forum / Nairaland / General / Business / Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation (16152 Views)
Naira Rises By 7.7% As Official Exchange Rate Close At ₦1,142/$ / Nigeria’s Official Exchange Rate To Hit N1,068/$ By 2025 – EIU / CBN Confirms N410.25/$ As New Official Exchange Rate (2) (3) (4)
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Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by owagbeba: 7:49am On Feb 17 |
Originalsly: Any more convenient platform to source fx apart from the Aboki on the street? Hope someone could explain how the Binance works 2 Likes |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by ehinja: 7:49am On Feb 17 |
Earthquakes:Nothing more to say than we did this to ourselves. 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Scholace: 7:51am On Feb 17 |
Jackson105:igbos are more into business than every other tribes. The current hardship is mostly hit by the north and west |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by maasoap(m): 7:54am On Feb 17 |
koondog: No election in Nigeria has ever been about Igbo people. 2023 election wasn't about you or Obi or Igbo, it was about democracy and the need for new president. 2027 election won't about Igbo but democratic right of every voter. Wake up 1 Like 1 Share |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by casppyjay: 7:54am On Feb 17 |
HardMirror:make no mistake I’m a Christian have a very unique Christian name I mean very unique that I’m very proud of ..I have been wearing and carrying crucifix all my life I know the bible in and out but logic and common sense is required to balance and understand..it’s always a pain when I see people think otherwise! 1 Like 1 Share
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Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Realdeals(m): 7:56am On Feb 17 |
Like someone said, Nigeria economy has been a bubble that is been beautify by past administration. It wouldn't have survive for long, $7bn FX backlog, yet the government keep defending the naira, cherry picking those they sell USD to, who in turn roundtrip for gains. My grouse is that Tinubu won't probe and prosecute those involved cause they are his partymen. 3 Likes |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Patioadvisor(m): 8:11am On Feb 17 |
koondog: |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by nairalanda1(m): 8:17am On Feb 17 |
Originalsly: You are making sense, though this government is already going after dom accounts... 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by fetrillion(m): 8:18am On Feb 17 |
SensualMan1:I hope you dont intend to make any project back home because if you intend to have a project back home, you are still on the same spot. December2022 when i came to UK e0xchange rate then was 906/£1and a bag of cement was 4500naira Now 2000/£1 and a bag of cement is over £10000 |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by nairalanda1(m): 8:18am On Feb 17 |
Realdeals: Ye gods, another sensible comment! |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by gotnel: 8:27am On Feb 17 |
Ojuyobo and his Lagos boys have missed it totally. They are just dancing naked in the market Square ⬛️ How are they really feeling about this daily depreciation of naira and the devastating effects on the people's purchasing power? Tinubu is an open disgrace to those of us that supported him. It is very true that politicians are never made to serve people in Africa. They are made to exploit and explore. The same as our colonial masters. The politicians are even more brutal than the colonial masters in their character. 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Brushstrokes20: 8:35am On Feb 17 |
eBOLA ravaging the shyyythole 🇳🇬💯 |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 8:42am On Feb 17 |
God1000:were you not all clapping when he banned dollars? Shebi e de sweet una You will learn economics the hard way since you refuse to pay attention in class |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 8:43am On Feb 17 |
Jamesclooney:does this look like UK to you |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 8:44am On Feb 17 |
crossfm:No you don't You know how to fix it but too lazy to do so Enjoy |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 8:44am On Feb 17 |
Drone95:that we've just started What going to 2,300 |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 8:45am On Feb 17 |
hustla:una gree cooperate? |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by FuckingNaira: 8:47am On Feb 17 |
oluwasunkanmi97:Yahoo yahoo Look for client and start bombing |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by hustla(m): 8:47am On Feb 17 |
Cromagnon: Who is una and cooperate with what exactly? |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by FuckingNaira: 8:48am On Feb 17 |
kcprince:So, you in 9JA how do you earn your own $USD |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by FuckingNaira: 8:49am On Feb 17 |
greenermodels:Imbe. . . Carry that your bambiala plate go oneside 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by TheFreshVanilla: 8:50am On Feb 17 |
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Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by FuckingNaira: 8:51am On Feb 17 |
Nonybb: |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by FuckingNaira: 8:58am On Feb 17 |
MichaelSokoto:Lols. . . Stoping zone is 5k All the old naira notes that was introduced back is now chasing dollar 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by nairalanda1(m): 9:01am On Feb 17 |
God1000: Nothing can be done. Releasing dollars is out...our forex is effectively below 5 billion dollars, and our future earnings are being eaten by debts and loans taken over the last 10 years. Even if we earn more, we still have to pay off debts . And lots of debts. Government is so despearate for forex that any remittances now are being converted to naira straight. Like I said, the thing you can blame tinubu for is forcing GEJ to remove subsidy, and supporting and being part of Bubu's government that borrowed to maintain the illusion all was well. 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Jflex07(m): 9:19am On Feb 17 |
HardMirror:It is always easy to say and give advices.. |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by maasoap(m): 9:29am On Feb 17 |
koondog:And concerning your people doing buying and selling and passing down the costs to consumers. Your people are not the only ones doing business in Nigeria, other tribes are doing business too. And the same way the costs are being passed down to consumers from other tribes is also the same way the costs are being passed down to consumers who are of Igbo origin. Or, your people no dey consume or dem dey buy items from their fellow Igbo traders at reduced prices? |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by HardMirror(m): 9:39am On Feb 17 |
Jflex07:easy to say. Stay there. Something I am into. Continue to be a victim |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Caleycash(m): 10:17am On Feb 17 |
obaidan:Walahi this should be a strong criteria to help anyone or employ anyone nowadays... you can't vote idiots sentimentally and want people who's brains are working properly to aid you!, won't work again, if you vote failure stick to your failure! 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by DrMuzungu(m): 10:48am On Feb 17 |
Don't worry, fellow Nigerians, Th1efnubu is working! Dollar will soon be N2790, exactly according to his plan. But hey, let's blame GEJ, or Buhari! |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Originalsly: 10:58am On Feb 17 |
nairalanda1: No doubt .... they'll mop up all foreign exchange ... whether to use for running the government or to swap out for the billions of Naira they have in their personal accounts and in warehouses we can only guess. The woman in Lekki with $51K cash that was stolen by her house help ... no doubt ... she been buying swapping her Naira for dollars and people are shouting why would she have such amount at home. Many more do for the same reason .... afraid Tinubu would seize it if banked.... hoarding foreign exchange. |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Drone95(m): 11:29am On Feb 17 |
Cromagnon:oh no, God won't let it get to that |
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