What's Tinubu is doing now is not how to rule a country. You removed subsiding, floated our naira everything went up due to this later you revised everything back and started paying subsiding and peg the naira again.
Why do what's you know nothing about? Africa politicians is just to loots and keep in Europe for white people to enjoy. Nothing upstairs.

Oh no! Why this migraine inducing news for the Obidients?

This naira appreciation is not worthy of being appreciated given how much devaluation it has suffered compared to this six naira gain.

AmazingGenius:


https://dailypost.ng/2024/03/16/naira-continues-appreciation-against-usd-at-forex-market/

We will survive. We trust our Creator

jesmond3945:
it wont. it is pegged at 1300

Exactly my thought but let's see if there strategy pay off. What I want is better country and floating the naira wasn't a better option

How on earth did you people call this appreciation ! This is completely unacceptable. . Until it crashes below #1,000 ,I won't applaud anything called appreciation

Appreciation at over 1600?

Can they just STFU about these inconsequential appreciations ... why not wait till it makes significant appreciation before media jamboree

Nigerians are fools and fools are very easy to manipulate, if you like call it govern.



They have started appreciation already. Forgetting where this evil party met naira.

jesmond3945:
it wont. it is pegged at 1300

Dey play. Same CBN they pegged it at #1300, also sell at #1600. When the time is right, they would depeg it or allow it match market price.

IF YOU DO NOT HAVE VALUE PLS SHOW ME WHERE YOUR CURRENCY VALUE COMING FROM?

JobZoneNews:
We hope this continues this way. Nigeria will become better.

Where have you been since 1986?

Or from 1994 when a dual exchange rate system (N22 official and N88 parallel market) was introduced by Abacha when he brought CBN under the presidency?

I so hate seeing or reading about this Naira/Dollar issue. Because it's so painful to remember that at a time (during Jonathan Regime) it was $1 to N400 maximum. But now we are talking about N1,600-N2,000 to a Dollar! God forbid!!! Also around 1980s it was N1 to $1.25 or £2.5 l was using that to shop for my Babies at "Mother Care shop in London! So remembering these is hurtful.

I so pity the up coming ones - how are they going to co-op with life. See the worsening condition of NEPA, Sky-Rocketing prices of every thing but with Salary or Income not increasing. So continue to pray to the Almighty God for improvement. Nothing is impossible with the Almighty. May there be a positive change to Nigeria's situation!

kcprince:
I pray it comes down to some decent numbers like 1k or 900.

Usually the best time to buy dollar yearly is between February and first week of April. It is attributed to the Chinese new year holiday where factories stop working in China. I am surprised we witnessed a rise instead this year. What will then happen between September and December when dollar demand is highest?

Is this one mad? You called 1k or 900 per dollar decent?

You are one of the problems in this country. You accept any nonsense thrown at you.

Metcheew, what I open this post sef.
Naira appreciates, you rush to check, it is 1650.45, now 1650.42

APC just used their garagara and lie lie spoil country, see now common food no way, people no get savings again

Hoping it continues appreciation. Keep on pushing harder, Cardoso.

iichidodo:
This message goes to Tinubu from an erudite economic scholar like me. "Abandon the naira and use CFA, thank me later"...

Do you think you can just use CFA without depositing billions of dollars to French vault?

Abuloma80:
I so hate seeing or reading about this Naira/Dollar issue. Because it's so painful to remember that at a time (during Jonathan Regime) it was $1 to N400 maximum. But now we are talking about N1,600-N2,000 to a Dollar! God forbid!!! Also around 1980s it was N1 to $1.25 or £2.5 l was using that to shop for my Babies at "Mother Care shop in London! So remembering these is hurtful.

I so pity the up coming ones - how are they going to co-op with life. See the worsening condition of NEPA, Sky-Rocketing prices of every thing but with Salary or Income not increasing. So continue to pray to the Almighty God for improvement. Nothing is impossible with the Almighty. May there be a positive change to Nigeria's situation!

It was 218 naira to $1

Reeb2244:
Is this one mad? You called 1k or 900 per dollar decent?

You are one of the problems in this country. You accept any nonsense thrown at you.

Mind your words. Some of us are old enough to be your father.

You find it hard to understand what I wrote and I don’t know why. Decent amount Means a reasonable drop

Appreciate at 1610

Una drink kai. kai

kcprince:
I pray it comes down to some decent numbers like 1k or 900.

Usually the best time to buy dollar yearly is between February and first week of April. It is attributed to the Chinese new year holiday where factories stop working in China. I am surprised we witnessed a rise instead this year. What will then happen between September and December when dollar demand is highest?

APC still a failure if dollar stay for 1k or 900 if the dollar can't come back to where Dey met it in 2015 everything about APC is unacceptable

Cindypresh:
Until it gets down to #216=$1


Anything more than that is unacceptable, tinupoo and Apc are all failures

aswear

JobZoneNews:
We hope this continues this way. Nigeria will become better.

in what way In dis tinubu and Akpabiobio regime? Dey play

HateBigots:
... Tinubu and APC said $1 = #200 is not acceptable.
Now APC minions are celebrating #1600.

Bunch of 🤡

no oo they are bunch of brooms

kcprince:
I pray it comes down to some decent numbers like 1k or 900.

Usually the best time to buy dollar yearly is between February and first week of April. It is attributed to the Chinese new year holiday where factories stop working in China. I am surprised we witnessed a rise instead this year. What will then happen between September and December when dollar demand is highest?

Lol. . . .
It will go parabolic by then.
I mean by ember months.

jesmond3945:
it wont. it is pegged at 1300

Smiles.....
From 1,300 And e don jump from there down to 1,600 within 2wks interval.

peleson1:
Naira is floating

Not only naira is going down
In fact all African currencies is going down
Check Angola Kwanzaa
Ghana cedis
And many more.
All are going down
I this is the right time to adopt Bitcoin as legal currency

Try and error economic!




Have they really investigated what made that sudden surge in Jan and Feb?



Na one chance we dey soo.




Emilokan regime was never ready for the work at hand.

AmazingGenius:


https://dailypost.ng/2024/03/16/naira-continues-appreciation-against-usd-at-forex-market/

The Naira ended last week on a positive note as it continued its appreciation against the US Dollar at the foreign exchange market.

FMDQ data showed that the Naira appreciated to N1,602.75 on Friday from N1608.98 recorded on Thursday.

This represents a N6.23 gain compared to the N1,608.98 recorded the previous day.

The development comes despite the USD transactions plunged by 44.7 per cent to $137.43 million from $248.75 million on Thursday.

At the parallel market, the Naira traded between N1,610 and 1,620 per USD.

DAILY POST reports that all through last week, the Naira had settled at an average of N1,608 per USD.

On Thursday, the Central Bank of Nigeria in a circular warned that commercial banks should desist from profiting through Naira revaluation.

Recall that between June last year and March 15 2024, CBN had floated the Naira twice which saw the Country’s currency trading at N1,602.75 per USD from N460 in May 2023.

Cindypresh:
Until it gets down to #216=$1


Anything more than that is unacceptable, tinupoo and Apc are all failures

absolute Failure

jesmond3945:
it wont. it is pegged at 1300

The dollars should be 500/$ is what I want it to be.