Paraman:
Check the rate on the CBN website

abc115:

Stop speculation...it is #1000...no body will buy it from you, if it more than #1000....go try it with black market

dawnomike:
It is a mistake to have held on to your dollar this long. You should have offloaded it a long time ago as you noticed the appreciation of Naira over time.

Now, you are merely playing a game of chance and hopeful speculation.

advanceDNA:


Are we not saying the same thing....??

AutoConsult:

No we are not sir.

Qwertyuiop1:
Please consider this a layman's question.
Last night before I went to bed, at about 11PM I checked dollar to naira rate and it was #1,151/$. Waking up this morning (in less than 7 hours) I checked again and it has plummeted to #1,075/$.

What exactly happened over the night while I was sleeping? I've got like $5K cash and it's reason I've been monitoring the rate even tho I'm absolutely a layman who has no idea what's happening. I only had the money last year and a colleague advised me to convert to dollar and keep which she claimed to be the safest way to retain my money's worth but as it stands, I'm at loss already. What happened please? Or is google not reliable?

dawnomike:
It is a mistake to have held on to your dollar this long. You should have offloaded it a long time ago as you noticed the appreciation of Naira over time.

Now, you are merely playing a game of chance and hopeful speculation.

Qwertyuiop1:
Please consider this a layman's question.
Last night before I went to bed, at about 11PM I checked dollar to naira rate and it was #1,151/$. Waking up this morning (in less than 7 hours) I checked again and it has plummeted to #1,075/$.

What exactly happened over the night while I was sleeping? I've got like $5K cash and it's reason I've been monitoring the rate even tho I'm absolutely a layman who has no idea what's happening. I only had the money last year and a colleague advised me to convert to dollar and keep which she claimed to be the safest way to retain my money's worth but as it stands, I'm at loss already. What happened please? Or is google not reliable?

Qwertyuiop1:
Please consider this a layman's question.
Last night before I went to bed, at about 11PM I checked dollar to naira rate and it was #1,151/$. Waking up this morning (in less than 7 hours) I checked again and it has plummeted to #1,075/$.

What exactly happened over the night while I was sleeping? I've got like $5K cash and it's reason I've been
monitoring the rate even tho I'm absolutely a layman who has no idea what's happening. I only had the money last year and a colleague advised me to convert to dollar and keep which she claimed to be the safest way to retain my money's worth but as it stands, I'm at loss already. What happened please? Or is google not reliable?

jayworld15:


Aboki fx is 1,250 naira, on Naija news it's 1290, at monierate it's 1251. Post the current thing.


Mind you, it's going up.

maasoap:

Black market is even cheaper than official market most times these days

advanceDNA:


That means u don't understand ur colleague

Ur own aim is to convert back to naira to have a feel of plenty naira...... but the conversion technically makes only little difference because the naira u want to convert to has a very low purchasing power now.. e.g 2.7M tokunbo now goes for 8.5-9M..

But if u can understand ur colleague....T.M shirt is still 3 for 135$ since last year....if u dont gerrit, fogerrit....

Everlastingson:


Keep your dollar and don't be afraid. The " gain" you see Naira make is cosmetic, it's artificial. It's manipulated by the CBN depleting the nations foreign reserve to prop the Naira. They can't do that for long cuz Nigeria doesn't export anything to get the dollar. Even the volume of the crude oil they export is down due to their own bunkering and crude theft activities, plus they used the crude as futures to collect billions of dollars as loan from Afriexim Bank at diabolical interest rate. Their reserve is almost red now. Forget their APC lies. Keep your dollar coz the Naira will soon become woeful against the dollar again I assure you. But this is an advice. The final decision is yours but I've told you what must happen soon.

Peakdesign23:
Aren’t you happy?

nawaforyouo:
it is 1200 now

check the real (black market) rate

Qwertyuiop1:
Please consider this a layman's question.
Last night before I went to bed, at about 11PM I checked dollar to naira rate and it was #1,151/$. Waking up this morning (in less than 7 hours) I checked again and it has plummeted to #1,075/$.

What exactly happened over the night while I was sleeping? I've got like $5K cash and it's reason I've been monitoring the rate even tho I'm absolutely a layman who has no idea what's happening. I only had the money last year and a colleague advised me to convert to dollar and keep which she claimed to be the safest way to retain my money's worth but as it stands, I'm at loss already. What happened please? Or is google not reliable?

dawnomike:
It is a mistake to have held on to your dollar this long. You should have offloaded it a long time ago as you noticed the appreciation of Naira over time.

Now, you are merely playing a game of chance and hopeful speculation.

Babalegba:
Lol, you have no grip on reality at all . Why do you think Cbn came up with plethora of rules and reforms.The game is up.

helinues:


Are you even sure the op get ordinary $1 bill?

Qwertyuiop1:
Please consider this a layman's question.
Last night before I went to bed, at about 11PM I checked dollar to naira rate and it was #1,151/$. Waking up this morning (in less than 7 hours) I checked again and it has plummeted to #1,075/$.

What exactly happened over the night while I was sleeping? I've got like $5K cash and it's reason I've been monitoring the rate even tho I'm absolutely a layman who has no idea what's happening. I only had the money last year and a colleague advised me to convert to dollar and keep which she claimed to be the safest way to retain my money's worth but as it stands, I'm at loss already. What happened please? Or is google not reliable?

IbeOkehie:


Exactly. I read somewhere that Nigeria dollar reserves are down significantly.

I don't know how long it will last, but this uptick in naira isn't sustainable. Because the government isn't making any fundamental changes to the economy. Period.

Dollar was ≈ 200 in 2015 and went all the way to 1900. Let's call it a retracement within a long term trend.

Good Luck to Nigeria

Everlastingson:


Keep your dollar and don't be afraid. The " gain" you see Naira make is cosmetic, it's artificial. It's manipulated by the CBN depleting the nations foreign reserve to prop the Naira. They can't do that for long cuz Nigeria doesn't export anything to get the dollar. Even the volume of the crude oil they export is down due to their own bunkering and crude theft activities, plus they used the crude as futures to collect billions of dollars as loan from Afriexim Bank at diabolical interest rate. Their reserve is almost red now. Forget their APC lies. Keep your dollar coz the Naira will soon become woeful against the dollar again I assure you. But this is an advice. The final decision is yours but I've told you what must happen soon.

For those who blame speculators, ask them whether there are no speculators in other countries where the currency is strong and stable. They think they can propagandize away the root cause of the problem which they know but are keeping quiet and lying about.

Cindypresh:


Envy your 30k? Never

It isn't easy defending a failure like tinubu morning afternoon and night on nairaland for a meagre 30k stipend.

Carry go, I can never Envy such thing

LandMann:



Government propaganda agent. Well done

abc115:


This is GTBank this morning...those ones you mentioned are speculative channels... they are not recognize anywhere. Take $1 to the street and see how much you will be given..