Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,451 members, 7,816,047 topics. Date: Friday, 03 May 2024 at 12:55 AM

Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market (35698 Views)

Filling Stations Slash Petrol Pump Price As Naira Appreciates To 7-Month High / Petrol Price Jumps To ₦‎350/ltr As Queues Return / At $43.507bn, External Reserves Hit Five-month High (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by femicyrus(m): 1:35pm On Apr 11
This Cardoso method is the best way to handle food market.
Nigeria is not a country you will allow market forces to determine the price of food.
Our people are very wicked just like the BDCs

4 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Verbtips(m): 1:35pm On Apr 11
Yahoo boys go hate dis news
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by eteba(m): 1:37pm On Apr 11
Ok fine, but let the APC bring back the naira to where they met it in the PDP era first.

Then, we can have a robust roundtable discussion as a people.

3 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Paramount01(m): 1:37pm On Apr 11
mysticwarrior:
When would the price of things reduce?


Is things not reducing in your place, if they sell bag of rice above #65000 pls relocate to another place. I have price bag in 5 states now, price of bag is between #62000 to 67000 dependomg on location

2 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by SocialJustice: 1:40pm On Apr 11
dibunotion:
Keep your dollar.
It will spike to 2k by December
Why will it spike?
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Okechinwadike: 1:40pm On Apr 11
garykoeman:
Tinubu will end up as the greatest Nigeria president ever.
how much did he meet it?, just hope you are ok
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by FireUpNow(m): 1:42pm On Apr 11
garykoeman:
Tinubu will end up as the greatest Nigeria president ever.

Pls waake me up when the exchange rate is $1/#1, fuel pump price is 10kob/ltr then history will acknowledge him as the greatest president. Naira is appreciating against the dollars and food and other commodities prices are skyrocketing. What an irony.

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Saao(m): 1:45pm On Apr 11
How long will they injecting dollars into the market? Where are they getting the dollars from? I don't know why I'm not comfortable with injecting dollars to the market every day by cbn, same thing buhar/emeifele did for years.
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by DMerciful(m): 1:45pm On Apr 11
Stop this nonsense, he has already failed beyond repair
garykoeman:
Tinubu will end up as the greatest Nigeria president ever.
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Okechinwadike: 1:45pm On Apr 11
Throwback:
Rufai Oseni never talk pim since?
where did your god meet dollar? where did his predecessor meet it? is it that you people are brainwash or choose to be stupid?

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by richeeyo(m): 1:45pm On Apr 11
dibunotion:
Keep your dollar.
It will spike to 2k by December
If e no spike
Dem go spike your drink
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Angelfrost(m): 1:47pm On Apr 11
Okay... Good to see.

Let it keep jumping, till it jumps back to 600 to a Dollar.


Meanwhile... Prices are still flying in the opposite, negative direction.
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Okechinwadike: 1:47pm On Apr 11
WantsandMore:
Obidients says its Propaganda 😂😭
people like you are the major problem the country is facing

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Okwyjesus(m): 1:48pm On Apr 11
garykoeman:
Tinubu will end up as the greatest Nigeria president ever.


Am watching him. He is close to winning my vote in 2027. His road master plan and desire to balance power between north and south is the tick for me

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by ppogba: 1:49pm On Apr 11
vowiski:
Next week dollar will rise back , after the holiday

These are cosmetic solutions ..

Even a Pry 6 can do what CBN is doing at the moment .

I don’t know why many Nigerians are dumb..

Is this not the same thing EMIFELIE did?

The demand for dollar is low now because of government policy somersault.. once people start requesting for dollar , things will go south.


People who do business with dollar are still observing, it won’t be long before they start trading with dollar and the demand Increases.

If we don’t consume what we produce , we are going nowhere ..

Small rain, this cosmetic solution go wash off like Bobrisky face


We heard the same thing before Easter.

We have heard worse review from Rufai Oseni and Abati.

It seems their next week is never coming.

5 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Eteka1(m): 1:52pm On Apr 11
Huge losses for those who bought at N1,500 to N1,700. It's better to cut your losses now by selling off. Cos the way I'm seeing it, Tinubu government policy is focused on bringing down exchange rate to the minimum possible.

3 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by drimzsmoke(m): 1:54pm On Apr 11
Yourprick:
Keep your dollars close to your chest and handkerchief closer to your eyes




Depression won kill me like this!!!☹️☹️☹️☹️☹️☹️☹️☹️☹️😭😭😭😭😭😭😭
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by OChimex: 1:54pm On Apr 11
garfield1:
Up Tinubu,up cardoso,up APC
But he met dollar at 700.
So what's the achievement?

2 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by WantsandMore: 1:54pm On Apr 11
Okechinwadike:
people like you are the major problem the country is facing
How so?
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by BATified23(m): 1:56pm On Apr 11
LibertyRep:
Ok, good job. Keep the momentum.

We need it back to around where it was met.

Better than that pls
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by adecz: 1:58pm On Apr 11
Nigerians are a sheepishly gullible
bunch of suffer heads ...


For example, If something has been
selling for N1000 for many years. APC
government comes with their nonsense,
lack of direction policies and the thing
begins to sell for up to N3000, people will
shout, cry and complain.


However, when APC does some abracadabra,
and the thing now comes back to N1900,
everybody go begin clap for APC for a job
well done, forget say the original price was
just N1000❗️❗️❗️😐😐😐




Suffering suffer head people,
how market❓❓

7 Likes

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Skyehigher1: 1:59pm On Apr 11
What I know is that by December this year naira to a dollar would not up to 200 or 250 or 300 with this momentum and with the president directive that nnpcl should pay directly from nnpcl to CBN and port Harcourt refinery and dangote refinery by December inshallah dollars to naira will not up to that

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Paramount01(m): 1:59pm On Apr 11
Gboom:
But the common man is not feeling the effect yet as his fellow man is still telling him he is selling an old stock which he bought when dollar was 1800. The bottom-line is prices of consumer goods is not reducing.


But they are not going up either, price of rice has reduced are you aware, Indomie reduced

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Obviouslyblunt: 2:01pm On Apr 11
garykoeman:
Tinubu will end up as the greatest Nigeria president ever.
for taking the dollar to 1120?
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by PHAYOL81: 2:02pm On Apr 11
Long may the trend continues
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Nastymods: 2:03pm On Apr 11
garfield1:
Up Tinubu,up cardoso,up APC

Person wey break glass, then come take super glue glue the pieces no supposed get credit. But dummies will be dummies

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by chidi01(m): 2:05pm On Apr 11
Very good development
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by abibun: 2:05pm On Apr 11
Yes, if it were to be that he met the dollar 1900 and was able to bring it down to what it is now
garykoeman:
Tinubu will end up as the greatest Nigeria president ever.
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by ivandragon: 2:05pm On Apr 11
O Nigeria, my Nigeria...

What have we become?

1. The people that said $1-N216 was not ok, are now celebrating it at N1,120 as an achievement.


2. The people that condemned PMS at N140 after removal of subsidy are now celebrating it at N590 with subsidy.

3. The people that called PMS subsidy at N600bn p/a, a scam, celebrated PMS subsidy/under recovery at 2trn p/a.

4. The people who said government was killing them with hunger when rice was N8k for 50kg are saying rice HAS BECOME CHEAPER at N65k for 50kg.


5. People who said diesel at N400 p/l was contributing to the high cost of goods are celebrating diesel today at N1,400 and claiming it has reduced in price.

6. People who asked if government wants to kill them with cooking gas prices at N200 p/kg are praising the government at keeping the price STEADY at N1,300 p/kg.

7. People who said the first lady should not be seen performing official duties at public coffers' expense are today justifying why the President's wife, children and friends should ride in cars worth billions of naira, go on jamboree trips in presidential jet, accompany the president on official trips all at public expenses...


What have we become?

5 Likes 1 Share

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by nedekid: 2:05pm On Apr 11
Let's keep our fingers crossed, miracles do happen, first time in history, what does up is comming down. 750 is the first goal, 200 is the target. cool

1 Like

Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by abibun: 2:06pm On Apr 11
By then there won't be anything in our foreign reserve again
Skyehigher1:
What I know is that by December this year naira to a dollar would not up to 200 or 250 or 300 with this momentum and with the president directive that nnpcl should pay directly from nnpcl to CBN and port Harcourt refinery and dangote refinery by December inshallah dollars to naira will not up to that
Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by Obiedun(m): 2:07pm On Apr 11
sammirano:
Biggest govt scam
Then go and buy dollar in large quantity and store it in your house so that you will later sell it and earn large profit later.

1 Like

(1) (2) (3) (4) (5) (6) (7) (Reply)

Buhari Receives Briefing From Attorney-general, NNPC Boss / Bashir Ahmad Set To Wed, To Mark 29th Birthday With Wife / David Mark: Patience Jonathan's Problem With Tambuwal Affected Jonathan At Poll

(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. 37
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.