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Nairaland Forum / Nairaland / General / Business / Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt (27024 Views)
Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs / Naira Hits ₦2,000/1£ At Parallel Market (From ₦1930/£) / Naira Falls To All-Time Low On I&E Window, Hits N1,099/$ (2) (3) (4)
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Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Theweekend: 7:16pm On Feb 20 |
pquaver:y una no give am chance to prove himself so because he did it in Lagos we should follow his Lagos tactics with agbero economic leadership 1 Like 1 Share |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Spartachizzy: 7:18pm On Feb 20 |
Dollar time..!!!!! Cash out time..!!!! ABEG WHO SABI BETTER ONLINE BUISNESS MAKE HIN TEACH ME, ABEG help a brother |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by CaptainJune: 7:19pm On Feb 20 |
Prophecy of Tinubu's failed and doomed administration coming to pass right before our eyes. All in less than a year of manipulating his way to the office of the president. |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by sholadele4: 7:20pm On Feb 20 |
This is becoming really scary. I used to think I made a mistake leaving this country few years back, but with the situation of things now I don't think I have anything to regret. 1 Like |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by CaptainJune: 7:22pm On Feb 20 |
Where are the lying pastors and church leaders who said Tinubu is God's chosen candidate for the nation? They have all gone silent in shame. Shame. |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by MrJames007: 7:22pm On Feb 20 |
This pic is giving me crazy imagination. 1 Like
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Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Tonididdyx: 7:25pm On Feb 20 |
Godjone:. I don't like this we warned them talk or obidients this and that. I voted obi in the last election, I'm an edo man, in fact Obi won Edo state A lot of people voted massivly against tinibu. ... The country was clearly robbed, the elections were rigged and the only hope of the country was te court rulings, we both know how that ended. All evidences were swept under the carpet, You lots esp from the SE should stop this we warned them yarns and we won't protest shit. You'll only make your chances in the next election very slim compared to the last election. this hardship was forced on US 2 Likes 1 Share |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by yewit37486: 7:25pm On Feb 20 |
CaptainJune: Well, he could be God's chosen candidate to punish the nation, cos how else do you explain all these terrible disasters left right and center? The level of corruption and injustice in Nigeria has been so high, it actually may be judgment time. The nation needs to start with repentance. |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by gigfx: 7:26pm On Feb 20 |
nairalanda1: Holy spirit revealed this to you. They are not bothered about all the suffering of the masses, is just to do everything to qualify for IMF / World bank loan that will be looted by them again. The con3 is in a very big mess. |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Johnjustice: 7:29pm On Feb 20 |
Floating of the naira will destroy Nigeria, ill timed move. The naira can not compete, so why float it? I wonder the type of economic advisers we have...they are opting to destroy the home economy to impress IMF and world bank. Stooges It's better to defend the naira against dollar, when prices are low, there is high demand and more businesses comes up, government makes more VAT, this can compensate for what is uses to defend naira...till we produce enough and discard dollars, since they can't approach BRICS or look for nations we can trade with, with our local currency. 1 Like |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by dauntless15(m): 7:29pm On Feb 20 |
AqualinaXYZ:abeg wetin u dey take get the dollars every three days, gimme update abeg |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by ironheart(m): 7:30pm On Feb 20 |
mvem:but it seems the naira is chasing the BDC price my brother |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by ironheart(m): 7:31pm On Feb 20 |
lexy2014:there is a correlation. When Emefiele went after them, the price shoot up |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by CaptainJune: 7:31pm On Feb 20 |
When Cardoso floated the naira recently on February 9, this was my reply in the thread: Your intelligence on the interpretation of this report deserves standing ovation. This is exactly what I highlighted in my previous post here. The dollar is now being auctioned to the highest bidder. That is how auction works. The result: the naira will fall faster and harder than before. I predict ₦4000 to the dollar by June or July this year. The volatility spike of edging towards supply and demand of the naira is fighting it. It is falling faster than ever because it is being sold aggressively to purchase the dollar. |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Elsueno: 7:38pm On Feb 20 |
AqualinaXYZ: What's d point in living in affluence when everyone around ur town is hungry...Them go make u target instead. |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by ufuosman(m): 7:40pm On Feb 20 |
Many people will be saying, will warn you people not to vote for tinubu.Una wen dey warn people so, una no no as tinubu take win, which one be will warn una!! Ow many people u know wen vote for tinubu |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by toprealman: 7:41pm On Feb 20 |
Zxcvbnmghtr:Q: What goes up and NEVER comes down? A: Naira! Context: $1=£1.25 forever. |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by CaptainJune: 7:42pm On Feb 20 |
yewit37486: There was a prophecy given by one I consider a true man of God. In 2023, he said what God showed him would happen under Tinubu administration. I don't need to say everything (it is a nightmare for those who don't know God) but one thing he said that is clearly coming to pass is that the naira will fall to ₦2000/$. The hardship will be unbearably grievous under Tinubu. He said there would be serious hunger in the land that people would resort to cannibalism to survive. Hmm. He said that this would not affect God's children but, my brother, when he gave this prophecy, the naira to the dollar rate was about ₦900/$. Today, there is serious hunger in the land as he said and naira to the dollar rate has hit ₦1,825 to a dollar only ₦175 shy of ₦2000. 2 Likes |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by koyeni(m): 7:44pm On Feb 20 |
BigDawsNet: Exactly. They are to be envied For some weeks now, no anti-japa thread again .. Eyes don clear 1 Like |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by toprealman: 7:44pm On Feb 20 |
Elsueno:How is his wealth your problem? Why not ask questions and see if you can replicate what he is enjoying. His legit money is not the cause of your Naira collapse! |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Omoluabi16(m): 7:45pm On Feb 20 |
Zxcvbnmghtr:Comparing a 1st world country and a 3rd world country. Very smart. |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Colonade: 7:47pm On Feb 20 |
Hezzyluv:God forbid, bro! |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by koyeni(m): 7:50pm On Feb 20 |
Larryndelaw:No...the hype is not 'much'. Prices of things are going up everyday 1 Like |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by anifranklyn67: 7:57pm On Feb 20 |
Who advice this man to float naira without having any means to defend it ? Behold Tinubu, Your Lagos Architect!!!! |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Fearurcreeator: 7:57pm On Feb 20 |
Tntsi:So no be say them go arrest am the day of swearing in again na cursed mandate now .. epele ooo |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Jflex07(m): 7:59pm On Feb 20 |
Zxcvbnmghtr:Gibberish! |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by yewit37486: 8:00pm On Feb 20 |
CaptainJune: He was very right, I don't at all doubt what he said. I personally had a dream few weeks before the election and I saw Tinubu and there were ashes everywhere on the floor around him which clearly isn't a good sign. I make it a point to pray for him and others in authority, but I also have no doubt there is divine judgement going on here. There is a need for national repentance and a change in our ways before we can ever get good leaders. Until then, Nigerians are in for a very tough ride under Tinubu. Truly and indeed, righteousness exalts a nation but sin is a reproach. 2 Likes |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Elsueno: 8:05pm On Feb 20 |
toprealman: It isn't my problem really, am just pointing out simple fact.....let's not be selfish & insensitive to people's plight |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by coolzion(m): 8:07pm On Feb 20 |
AqualinaXYZ: |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by Jflex07(m): 8:07pm On Feb 20 |
pquaver:nothing can be worst than this.. Dollar will get to 5k while inflation keeps increasing. |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by MorningStar233: 8:08pm On Feb 20 |
Zxcvbnmghtr: At a time even she supported Tinubu for some reason and she's here making mockery of people 1 Like |
Re: Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt by aimmoney9: 8:10pm On Feb 20 |
Hezzyluv:Dollar is already 1900 naira this evening..... Before it was adding 100 naira every day....that is 50 naira in the morning and 50 naira in the evening...... Now for the first time it added 150 naira in a day because dollar closed at 1750 naira yesterday evening...... Guess what caused it...... The EFCC arrest of 50 members of BDC at Abuja and force stopping and closing their business....... The BDC members were not greedy and were selling dollar at a reasonable price before but since Tinubu wants to treat someone doing his legit business in his own country anyhow they will help him crash the naira further.... What do I mean.....those of you shouting go to bank and get the dollars you need, and boycott the BDC completely on nairaland,... can you walk into any commercial bank in Nigeria with your hard earned money as a Nigerian citizen even as an importer and demand for 10,000 dollars not cash oooo but to be transferred abroad or deposited into your domiciliary bank account and you will be attended to, and the transaction will be done at the official bank rate ?? No.......the bank will give you their own bank rate....take it or leave it and they will always sell to the highest bidder...... If a bank has 10billion dollars forex only dangote alone will clear it...... The BDC source and buy their dollars from banks and individuals willing to change their dollars to other currencies at high rates and you expect them not to make profit.....the rate at which the banks will sell to them today is different from the rates at which the bank will sell to them tomorrow........ When importers apply for dollars to facilitate the importation of goods at official bank rate with form Q to the CBN through the commercial banks........shishi, common 5 dolls they will not get....left at no choice they buy from the BDC to avoid paying demurrage for their containers...... The BDC are not to blame, Tinubu excessive embezzlement of the dollars Nigeria make from selling crude oil through the NNPCL on behalf of Nigeria and all those dollars paid into private accounts and not remitted to the CBN is a cause, ........not as if even if it were remitted it will change anything....... Just as Tinubu used alpha beta to loot Lagos State, he is using NNPCL to loot Nigeria...... Cardoso/Tinubu floating of our naira is a cause..... Removing fuel subsidy only to pay for the same subsidy at a far more higher rate or cost is also a cause..... The floating of the naira is the main cause,...you don't float the naira in an import dependent country....... Tinubu the bat, new prices will continue to come out in the night...... Yorubas that are shouting we always speak truth to power should please leak some NNPCL dollar transfer receipts or telex copy let us know who gets what and how much..... Iyabo ojo must be on that list...... 1 Like |
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