Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,170 members, 7,815,082 topics. Date: Thursday, 02 May 2024 at 06:59 AM

A Dollar To Naira Now N1075.75 - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / A Dollar To Naira Now N1075.75 (6990 Views)

Naira Now #810 To A USD. Vote Out APC Now / Dino Melaye Predicted One Dollar To N500 (Throwback Video) / President Buhari Frees 19 Inmates Including A 75 Year Old Man & His Son (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

A Dollar To Naira Now N1075.75 by Biodun556(m): 12:37pm On Mar 26
Steadily

2 Likes 2 Shares

Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 12:41pm On Mar 26
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!

10 Likes 3 Shares

Re: A Dollar To Naira Now N1075.75 by Biodun556(m): 12:45pm On Mar 26
DaniellaDokubo:
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!

It is the way to go. Central bank is the primary supplier of FOREX worldwide.

As long as bureau de change and banks comply with CBN price , the government will get value for the dollars they are selling

Unlike before when official price was 400 and parallel market was 900 which invariably gave all the government earnings to private individuals

21 Likes 2 Shares

Re: A Dollar To Naira Now N1075.75 by helinues: 12:46pm On Mar 26
Slow and steady

26 Likes

Re: A Dollar To Naira Now N1075.75 by Babalegba(m): 12:48pm On Mar 26
DaniellaDokubo:
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!
Export goods and services with diesel abi.

2 Likes

Re: A Dollar To Naira Now N1075.75 by seunowa(f): 12:50pm On Mar 26
Biodun556:


It is the way to go. Central bank is the primary supplier of FOREX worldwide.

As long as bureau de change and banks comply with CBN price , the government will get value for the dollars they are selling

Unlike before when official price was 400 and parallel market was 900 which invariably gave all the government earnings to private individuals
Blessings to u in all your doings..
With these policies framework in motion.
The nation foreign reserve is augmenting which in short time usher the nation to economy prosperity...

9 Likes 2 Shares

Re: A Dollar To Naira Now N1075.75 by Putindbutt: 12:51pm On Mar 26
DaniellaDokubo:
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!
Who is this illiterate?, what do you mean by "selling off"?. Government is even earning more as we speak through market liquidity.

12 Likes 1 Share

Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 12:54pm On Mar 26
Biodun556:


It is the way to go. Central bank is the primary supplier of FOREX worldwide.

As long as bureau de change and banks comply with CBN price , the government will get value for the dollars they are selling

Unlike before when official price was 400 and parallel market was 900 which invariably gave all the government earnings to private individuals
The only issue is you don't have the reserve to back this up long term... Can't even last 1 month

3 Likes

Re: A Dollar To Naira Now N1075.75 by Biodun556(m): 12:55pm On Mar 26
mrvitalis:

The only issue is you don't have the reserve to back this up long term... Can't even last 1 month

The dollars sold by CBN is not from reserve it is from exports

12 Likes

Re: A Dollar To Naira Now N1075.75 by Thormentor: 12:58pm On Mar 26
Biodun556:


The dollars sold by CBN is not from reserve it is from exports
is it's sustainable?

or are we just going in circles as always

3 Likes

Re: A Dollar To Naira Now N1075.75 by Biodun556(m): 12:59pm On Mar 26
Thormentor:
is it's sustainable?

or are we just going in circles as always

2 Likes 2 Shares

Re: A Dollar To Naira Now N1075.75 by softtorce: 1:00pm On Mar 26
Wetin you Sabi with your fake transgendered monicker

DaniellaDokubo:
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!

5 Likes 1 Share

Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 1:00pm On Mar 26
Biodun556:


The dollars sold by CBN is not from reserve it is from exports
Lol 😂😂😂 which school u go abeg?

3 Likes

Re: A Dollar To Naira Now N1075.75 by Thormentor: 1:02pm On Mar 26
[quote author=Biodun556 post=129116900][/quote]
How do we fund our budgets?

still borrowing?

selling off crude oil in advance?
Re: A Dollar To Naira Now N1075.75 by Donaldoni: 1:02pm On Mar 26
DaniellaDokubo:
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!

Rather our forex reserve is INCREASING

Get your facts right! angry

3 Likes

Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 1:14pm On Mar 26
Donaldoni:


Rather our forex reserve is INCREASING

Get your facts right! angry

Keep quiet and go and look for work like your mates!

2 Likes

Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 1:17pm On Mar 26
softtorce:
Wetin you Sabi with your fake transgendered monicker


Keep quiet and go and look for work like your mates!

1 Like

Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 1:18pm On Mar 26
Putindbutt:

Who is this illiterate?, what do you mean by "selling off"?. Government is even earning more as we speak through market liquidity.

Keep quiet and go and look for work like your mates!
Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 1:18pm On Mar 26
Babalegba:
Export goods and services with diesel abi.

Keep quiet and go and look for work like your mates!
Re: A Dollar To Naira Now N1075.75 by softtorce: 1:23pm On Mar 26
See me see wahala...lol

A NL resident jobless clown telling those to visit every now n then to go look for work.

Wonders shall never end.


DaniellaDokubo:


Keep quiet and go and look for work like your mates!

3 Likes

Re: A Dollar To Naira Now N1075.75 by codeworks(m): 1:25pm On Mar 26
How much is pounds in BDC
Re: A Dollar To Naira Now N1075.75 by Donaldoni: 1:26pm On Mar 26
DaniellaDokubo:


Keep quiet and go and look for work like your mates!

I am at work cool

2 Likes

Re: A Dollar To Naira Now N1075.75 by obinna58(m): 1:32pm On Mar 26
mrvitalis:

Lol 😂😂😂 which school u go abeg?
Correct am na if you think he’s not right, why showing stupidity

2 Likes

Re: A Dollar To Naira Now N1075.75 by Hoelujohn: 1:33pm On Mar 26
DaniellaDokubo:
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!
And those mad people that earn the dollars through export will sell it to BDC or hoard it.
Re: A Dollar To Naira Now N1075.75 by Hoelujohn: 1:33pm On Mar 26
DaniellaDokubo:
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!
And those mad people that earn the dollars through export will sell it to BDC or hoard it.
Re: A Dollar To Naira Now N1075.75 by senatordave1(m): 1:36pm On Mar 26
mrvitalis:

The only issue is you don't have the reserve to back this up long term... Can't even last 1 month

This has lasted two months sir

3 Likes

Re: A Dollar To Naira Now N1075.75 by Hoelujohn: 1:38pm On Mar 26
mrvitalis:

The only issue is you don't have the reserve to back this up long term... Can't even last 1 month
How many BDCs do we have? Approximately 1500. Multiply it by 10000 dollars per week. That means each BDC gets 40k per week. Multiply that by 12 months a year and by 1500 BDCs. The total is not up to 800k dollars a year. That is less than government weekly earnings on crude oil export.

5 Likes 1 Share

Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 1:46pm On Mar 26
Hoelujohn:

How many BDCs do we have? Approximately 1500. Multiply it by 10000 dollars per week. That means each BDC gets 40k per week. Multiply that by 12 months a year and by 1500 BDCs. The total is not up to 800k dollars a year. That is less than government weekly earnings on crude oil export.
So in your head that can meet of up the dollar demand?

What you would achieve is Buhari 101 massive difference between official rate and black market rate

Say I want to set up a small factory and need $500k to buy machines or raw materials... Where do you think I would go? ... U think I won't pay 10% above price to get my money in 1 week?
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 1:46pm On Mar 26
senatordave1:


This has lasted two months sir
Lol 😂😂😂 which last two months
Re: A Dollar To Naira Now N1075.75 by senatordave1(m): 1:49pm On Mar 26
mrvitalis:

Lol 😂😂😂 which last two months

Why so hateful and negative? The dollars will still keep falling sir and obi will never rule

7 Likes

Re: A Dollar To Naira Now N1075.75 by rinzaugustine: 1:50pm On Mar 26
What kind of economic policy is selling the dollars you have to bolster exchange rate ? Why would a sane mind believe this will work long term and be dissuaded from hoarding the dollar? Once they stop all these FX selling, the next fall of the dollar will be around the 3 thousand naira mark …bunch of useless quacks

1 Like

Re: A Dollar To Naira Now N1075.75 by ngwaIgbo223: 1:52pm On Mar 26
I Love this.

3 Likes

(1) (2) (3) (4) (5) (Reply)

Landmark Achievements In Nigeria Since 1914 / Police Officer Salihu Insults Igbos, Claims He Slept With 3 Igbo Girls One Night / INEC Has Not Withdrawn From The Kano Governorship Election Petition Appeal

(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. 32
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.