Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,157,903 members, 7,835,014 topics. Date: Tuesday, 21 May 2024 at 12:51 AM

Exchange Rate Gains For Third Straight Day On Official Market - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Exchange Rate Gains For Third Straight Day On Official Market (22496 Views)

Naira Continues Free Fall On Official Window, Trades N1482.57/$ / U.S Oil Gains For The 9th Consecutive Week / Naira Crashes To Record Low At Official Market (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: Exchange Rate Gains For Third Straight Day On Official Market by Pristine664: 3:28pm On Mar 05
Those that love Nigeria only when election is very close will be so sad with this news. grin

1 Like

Re: Exchange Rate Gains For Third Straight Day On Official Market by Earthquakes: 3:28pm On Mar 05
spiSeyi:
The USD will hover around 700-800 Naira before the end of the year, then from there let's where we go as a nation cool . I only pity those who bought @1800, the best bet for them is to sell now because Naira will trade @ 1,300 on or before the end of the first quarter

Economy of wish, if you were ask to provide data to back up your assertion you will disappear.
Can you mention just one thing that made you feel the dollar will go down? None obviously apart from tribal wishes hoping that things work without any prospect
Re: Exchange Rate Gains For Third Straight Day On Official Market by Pristine664: 3:28pm On Mar 05
meditator:
One of the enemies of Nigeria spotted. This news pain u die. Let me add salt to your injury by reminding u that "Obi will never be President of my country"

Never!!

1 Like

Re: Exchange Rate Gains For Third Straight Day On Official Market by Growingboi(m): 3:29pm On Mar 05
mtheeww
Re: Exchange Rate Gains For Third Straight Day On Official Market by cjudy(m): 3:29pm On Mar 05
DEXTROVERT:
How
Do
I
Withdraw
My
$50
On
Binance

Naira
Don
Gain
Contact me
Re: Exchange Rate Gains For Third Straight Day On Official Market by wirinet(m): 3:32pm On Mar 05
DEXTROVERT:
How
Do
I
Withdraw
My
$50
On
Binance

Naira
Don
Gain
Register with OKX, transfer your binance balance there and cash it out through their P2P. OKX P2P still have NGN.
Re: Exchange Rate Gains For Third Straight Day On Official Market by femi4: 3:32pm On Mar 05
spiSeyi:
The USD will hover around 700-800 Naira before the end of the year, then from there let's where we go as a nation cool . I only pity those who bought @1800, the best bet for them is to sell now because Naira will trade @ 1,300 on or before the end of the first quarter
lies

This fake cosmetic approach won't even last this month

We are not a producing Country
Re: Exchange Rate Gains For Third Straight Day On Official Market by lexy2014: 3:32pm On Mar 05
meditator:
One of the enemies of Nigeria spotted. This news pain u die. Let me add salt to your injury by reminding u that "Obi will never be President of my country"

is the person who made naira to fall against the dollar from 700naira to 1600naira under 8months now the friends of Nigeria?

but tinubu is president. apart from increased suffering and hardship, what else do Nigerians have to show for Tinubus presidency in less than one year?


https://www.youtube.com/watch?v=XUZ5eYhc4BM

4 Likes 1 Share

Re: Exchange Rate Gains For Third Straight Day On Official Market by Recardo(m): 3:33pm On Mar 05
Why dem dey report as if dollar don enter N300? rubbish

2 Likes

Re: Exchange Rate Gains For Third Straight Day On Official Market by Hoelujohn: 3:34pm On Mar 05
DEXTROVERT:
How
Do
I
Withdraw
My
$50
On
Binance

Naira
Don
Gain
Dash binance abeg. Me sef don dash them my 350usdt with them.
Re: Exchange Rate Gains For Third Straight Day On Official Market by spiSeyi: 3:34pm On Mar 05
Earthquakes:


Economy of wish, if you were ask to provide data to back up your assertion you will disappear.
Can you mention just one thing that made you feel the dollar will go down? None obviously apart from tribal wishes hoping that things work without any prospect
Here are what you requested for,
1 The CBN sold off about 1.64 trillion TBs within a few days after the open market last week.
2 The CBN is expected to inject 10 Billion USD to the FX
3 Out of about 8 billion USD backlogs the CBN have cleared it up and its remains about $2.5 B, the backlogs are the major factors that made the Naira almost illiquid which was responsible for the initial fall.
4 The price of crude is falling as we speak because high cost of crude is a factor to the Naira fall. And crude is
expected to fall further in March due to weather factors.
5 The Nigerian fuel importation has reduced by 40% as we speak and fuel importation is one of the stuffs that is draining the FX reserves
6 further more 2 major refineries will start selling refined crude starting from the 2nd quarter.
Mr man count your teeth with your tongue, though it's tough as we speak but this too shall pass by the grace of God cool

3 Likes 2 Shares

Re: Exchange Rate Gains For Third Straight Day On Official Market by Recardo(m): 3:34pm On Mar 05
spiSeyi:
The USD will hover around 700-800 Naira before the end of the year, then from there let's where we go as a nation cool . I only pity those who bought @1800, the best bet for them is to sell now because Naira will trade @ 1,300 on or before the end of the first quarter

drop your location so i fit come dash you simultaneous slap by end of the year when your fantasies no happen

2 Likes

Re: Exchange Rate Gains For Third Straight Day On Official Market by lexy2014: 3:34pm On Mar 05
Pristine664:
Those that love Nigeria only when election is very close will be so sad with this news. grin
but Tinubu only loves Nigeria when election is close. is that not so?

what is special about the news?
Re: Exchange Rate Gains For Third Straight Day On Official Market by Krankhead: 3:34pm On Mar 05
MasterJayJay:
After 6 months, we will know if there is progress or not.

All these tiny fluctuations no be wetin we go chop.

Dollar was 700 naira after naira was floated last year. It is 1,500 naira today.
Go back to farming and stop wailing on the internet for dollars....and spreading bad and fake news abt Nigeria everywhere
Re: Exchange Rate Gains For Third Straight Day On Official Market by Babysho(m): 3:34pm On Mar 05
Thundafireseun:
This will not force the prices of things that have already gone up to go down

Ehennn you can thank Capitalism for that one. Which Capitalist no like extra profit for country wey no get a single socialist feature like price control.
The youths of this country must start a true revolution.
Re: Exchange Rate Gains For Third Straight Day On Official Market by Angelfrost(m): 3:35pm On Mar 05
spiSeyi:
The USD will hover around 700-800 Naira before the end of the year, then from there let's where we go as a nation cool . I only pity those who bought @1800, the best bet for them is to sell now because Naira will trade @ 1,300 on or before the end of the first quarter

Okay... That will be awesome

Let's wait and see... Time always clears all doubts.

Time will tell... The clock is ticking! cool
Re: Exchange Rate Gains For Third Straight Day On Official Market by Recardo(m): 3:36pm On Mar 05
spiSeyi:

Here are what you requested for,
The sold off about 1.64 trillion TBs within a few days after the open market last week.
The CBN is expected to inject 10 Billion USD to the FX
Out of about 8 billion USD backlogs the CBN have cleared it up to $2.5 B
The price of crude is falling as we speak because high cost of crude is a factor to the Naira fall.

There's still no change in the common nigerian life. Are we going to eat these arm chair policies?
Do you drill crude in your backyard? What concerns me with the price of crude if it doesn't reflect on the gas pumps?
Re: Exchange Rate Gains For Third Straight Day On Official Market by Raylight2(m): 3:37pm On Mar 05
DEXTROVERT:
How
Do
I
Withdraw
My
$50
On
Binance

Naira
Don
Gain
it's easy. Swap to a crypto e.g From which will be stable for the period while you are doing the withdrawal. Transfer it to Roqqu and then to Raven before it reaches your bank. Charges will only apply within Binance. Once it goes out of it, no more withdrawal charges
Re: Exchange Rate Gains For Third Straight Day On Official Market by TrennixGLOBAL: 3:39pm On Mar 05
spiSeyi:
The USD will hover around 700-800 Naira before the end of the year, then from there let's where we go as a nation cool . I only pity those who bought @1800, the best bet for them is to sell now because Naira will trade @ 1,300 on or before the end of the first quarter

I want to bet you on this that it will never happen.
Re: Exchange Rate Gains For Third Straight Day On Official Market by femicyrus(m): 3:41pm On Mar 05
If this govt is serious about fighting inflation, exchange rate should go back to N600 sharply. Not this N2 gain per week
Re: Exchange Rate Gains For Third Straight Day On Official Market by Babysho(m): 3:42pm On Mar 05
Krankhead:
Go back to farming and stop wailing on the internet for dollars....and spreading bad and fake news abt Nigeria everywhere

Why are you acting like the Nigerian govt has done anything to make farming easy. Whatever you buy for your farming, feed, manure, pesticides, all have also been inflated since most are imported and locally ones inflated as well due to forces of demand and supply.
Eventually, you too would have to sell your produce inflated but no forget say you no dey sell kerosine or gas for cooking o Mr Farmer, hope you're home owner too, clean water now na 50 naira for one sachet o.

You think say farmers dey enjoy? There's nobody that's living a modest life that's not feeling the heat(no pun intended). The more we run away from revolution, doing away with criminals in positions of power, the more the problems will heap on us. Even the peaceful, quiet, slow rural areas will not be spared.

1 Like

Re: Exchange Rate Gains For Third Straight Day On Official Market by TrennixGLOBAL: 3:42pm On Mar 05
spiSeyi:

Here are what you requested for,
1 The CBN sold off about 1.64 trillion TBs within a few days after the open market last week.
2 The CBN is expected to inject 10 Billion USD to the FX
3 Out of about 8 billion USD backlogs the CBN have cleared it up and its remains about $2.5 B, the backlogs are the major factors that made the Naira almost illiquid which was responsible for the initial fall.
4 The price of crude is falling as we speak because high cost of crude is a factor to the Naira fall. And crude is
expected to fall further in March due to weather factors.
5 The Nigerian fuel importation has reduced by 40% as we speak and fuel importation is one of the stuffs that is draining the FX reserves
6 further more 2 major refineries will start selling refined crude starting from the 2nd quarter.
Mr man count your teeth with your tongue, though it's tough as we speak but this too shall pass by the grace of God cool


Continue fooling yourself. I will quote you again and this your post in the coming months or even weeks.
Re: Exchange Rate Gains For Third Straight Day On Official Market by MasterJayJay: 3:42pm On Mar 05
Krankhead:
Go back to farming and stop wailing on the internet for dollars....and spreading bad and fake news abt Nigeria everywhere
Show me your farm. Immigration will start deporting you migrants from Somalia.

1 Like

Re: Exchange Rate Gains For Third Straight Day On Official Market by Onewazobia(m): 3:44pm On Mar 05
Thundafireseun:
This will not force the prices of things that have already gone up to go down


Your comedy link pls
Re: Exchange Rate Gains For Third Straight Day On Official Market by spiSeyi: 3:45pm On Mar 05
femi4:
lies

This fake cosmetic approach won't even last this month

We are not a producing Country
Is UAE a producing country, apart from crude wetin dem dey produce undecided , you might hate the PBAT government but I can tell you that things will be better starting from the second quarter because major refineries will come on board. And most west African countries are beginning to show interest in our refined products which will earn us more USD.
Re: Exchange Rate Gains For Third Straight Day On Official Market by AngelicBeing: 3:51pm On Mar 05
spiSeyi:
The USD will hover around 700-800 Naira before the end of the year, then from there let's where we go as a nation cool . I only pity those who bought @1800, the best bet for them is to sell now because Naira will trade @ 1,300 on or before the end of the first quarter
No, l will not sell, l will keep my 800,000 dollars and sell it in December 2024 tongue
Re: Exchange Rate Gains For Third Straight Day On Official Market by lexy2014: 3:55pm On Mar 05
spiSeyi:

Here are what you requested for,
The sold off about 1.64 trillion TBs within a few days after the open market last week.
The CBN is expected to inject 10 Billion USD to the FX
Out of about 8 billion USD backlogs the CBN have cleared it up to $2.5 B
The price of crude is falling as we speak because high cost of crude is a factor to the Naira fall.

how is high cost of crude "a factor to the naira fall"?

is it the lack of 1.64t naira that made the naira to fall against the dollar?
Re: Exchange Rate Gains For Third Straight Day On Official Market by WantsandMore: 3:55pm On Mar 05
DEXTROVERT:
How
Do
I
Withdraw
My
$50
On
Binance

Naira
Don
Gain
I'll buy @1k pee usdt
Re: Exchange Rate Gains For Third Straight Day On Official Market by Earthquakes: 3:57pm On Mar 05
spiSeyi:

Here are what you requested for,
1 The CBN sold off about 1.64 trillion TBs within a few days after the open market last week.
2 The CBN is expected to inject 10 Billion USD to the FX
3 Out of about 8 billion USD backlogs the CBN have cleared it up and its remains about $2.5 B, the backlogs are the major factors that made the Naira almost illiquid which was responsible for the initial fall.
4 The price of crude is falling as we speak because high cost of crude is a factor to the Naira fall. And crude is
expected to fall further in March due to weather factors.
5 The Nigerian fuel importation has reduced by 40% as we speak and fuel importation is one of the stuffs that is draining the FX reserves
6 further more 2 major refineries will start selling refined crude starting from the 2nd quarter.
Mr man count your teeth with your tongue, though it's tough as we speak but this too shall pass by the grace of God cool



I will pick one point from the endless garbage you mentioned, you keep repeating CBN this and that yet I didn’t see where you mentioned grants for production, machinery, farming equipments and security for farmers and SMEs.
Then fuel importation fallen by 40% is what you celebrate as success grin
So people unable to buy fuel for cars and Gen is now success story, fuel importation did not reduce because of refineries are working but because people are unable to buy and you call it improvement??
Daftness is that you?
And for your information I know you have nothing to do with dollar, I changed cad yesterday to 1,140, today it is 1,170 to cad but you feel it’s coming on your paper mind, lol
Re: Exchange Rate Gains For Third Straight Day On Official Market by spiSeyi: 3:58pm On Mar 05
AngelicBeing:
No, l will not sell, l will keep my 800,000 dollars and sell it in December 2024 tongue
U dey leak sugar u dey call am joy grin . You better go and use your 800 NGN to buy akpu grin
Re: Exchange Rate Gains For Third Straight Day On Official Market by TalkingBird: 4:00pm On Mar 05
waiting to see the value as at may 29, 2023 at least, then to may 29, 2015, and then back to the 1980's

(1) (2) (3) (4) (Reply)

1960BET: Company Run By SCAMMERS / Why CBN Sacked First Bank Board — Emefiele (Full Text) / Commercial CD And DVD Duplication And Printing

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 57
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.