adioolayi:


The buying and selling discussions as far as Nigeria's Forex is concerned doesn't follow any known financial, economic and trade rules.


Have you wondered, what exactly was Nigeria exporting when the exchange rate was low? Let's even take the most recent...#350 to a USD...

Has our export increased now compared to then or our export has reduced

If the argument of increasing exports to attracts more USD is valid.....what exactly are we exporting years ago that we have stopped exporting that brought about the fall of Naira

..and from the Ops question, are we saying there were loads of export in less than 24 hours which has resulted into more USD inflows into the and then Naira gained as a result of this

My point is, Nigeria's Forex market is unstable for now and there is no known economic reasons that can explain why

Na APC miscreants you dey ask all this questions?

In Head go fit carry?

Buddy0:


Mumu man .. Go to the bank and see if they will sell it to you at that rate.

BDC rate is at 1200 and it's going up as we speak.

Propaganda spreader SMH

helinues:
When you are matching your exporting rate with importing rate, your local currency should gain strength.

It's all about which one is demanded most at the moment

Other factors are also involved

Oya tell the entire forum what Nigeria has exported massively apart from oil in the last 1 month?

Una APC handle go use on hand ask question and use another hand reply.

When you people are tired, you will remove your hand from that market manipulation. Until then, you will keep buy goods in the market without it coming down price-wise

PARADIZEPRIEST:
GOD MADE THE NAIRA STRONGER STRONGER AGAIN ,FORGET ALL YOUR RHETORICS,IT IS PEOPLE LIKE US THAT LOVE OUR GODGIVEN COUNTRY ARE PRAYING FERVENTLY FOR NIGERIA,WHILE INCURRABLE PESSIMISTS ARE BADMOUTHING THE NATION.

MAKE NO.MISTAKE ABOUT IT,THE FORCES THAT HELD NIGERIA BOUND SINCE 1999 FROM PROGRESSING ARE BEING CRUSHED AND SHATTERED TO PIECES. NIGERIA IS PHENOMENALLY RISING LIKE THE PHEONIX FOREVER IFSHA.

Clown.

helinues:


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

😂😂

helinues:
When you are matching your exporting rate with importing rate, your local currency should gain strength.

It's all about which one is demanded most at the moment

Other factors are also involved

So what are those new things we exporting that we've not been exporting before?

blueAgent:


Clown.

WE DONT NEED SABOTUERS LIKE YOU WHO PAY LIP SERVICE TO THE NATION, WHILE YOU DO YOUR CLANDESTINE DEVIOUS DEEDS TO SABOTAGE THIS OUR GODGIVEN NATION. SO,LEAVE IF YOUR HATE IS DROWNING YOU

Layman with $5K? What kind of a layman be sat sef. A layman would save in Naira.. Go sell it off then come back, come ask us wetin happened?

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.

The rate went higher this morning on exchange platforms for us wey dey away.

Buddy0:


Mumu man .. Go to the bank and see if they will sell it to you at that rate.

BDC rate is at 1200 and it's going up as we speak.

Propaganda spreader SMH

Afternoon rate

E don cast

PARADIZEPRIEST:
WE DONT NEED SABOTUERS LIKE YOU WHO PAY LIP SERVICE TO THE NATION, WHILE YOU DO YOUR CLANDESTINE DEVIOUS DEEDS TO SABOTAGE THIS OUR GODGIVEN NATION. SO,LEAVE IF YOUR HATE IS DROWNING YOU

More clowinsh writeup .

Devil fighting devil.

The same administration that abused $ and used it to buy their way to power, are the ones now claiming saints.

And clowns like you, are busy praying futile prayer.

helinues:


Isn't N30K job better than to be labouring in vain?

So again targeting to waste today too ?

blueAgent:


More clowinsh writeup .

Devil fighting devil.

The same administration that abused $ and used to to buy their way to power, are the ones now claiming saints.

And clowns like you, are busy praying futile prayer.

WHEN YOU REPENT OF YOUR BOOTLEGGINGS,THEN YOU QUALIFY TO TALK.YOU ARE NOT RELIABLE.QED

helinues:
When you are matching your exporting rate with importing rate, your local currency should gain strength.

It's all about which one is demanded most at the moment

Other factors are also involved

How does this apply to Nigeria, or are you gloating on Nigeria's mono non manufactured export?.

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.

You are right. It is N1,297 now

So, you woke up today to confess that you're one of those speculating on the value of the dollar, hoarding it for no reason other than ptofiteering, and causing/perpetuating the crash of the naira? But you will also be blaming politicians and the government for every ill in the country.

Elliotwaveforec:
Dollar wet dey go 830! Impulsive way on the daily chart.

Convergrnce of Aboki and official rate dey sweet my belle wella.
.
We shall deal with the cryptorians soon! I trust EFCC on this

lol see the current rate as of 22/04/2024

Adlac:



@The Bolded, Going by your assertions holding back $ Speculative Purposes doesn't help in anyway. For Instance Assuming the time $ was bought around N1,600 same $ can still be bought @ N1,200. And the T.M Shirt still Remains 3 for $135. Now if you are to quantify in Naira value. How much is the cost of each Shirt using the two rate as a determinant?

Summary; Don't buy $ for speculative purposes it hurt @the end. To main the Value of your Funds Buy and sell according to Market reaction.

U are still converting......that's means u don't get it.....

To enjoy ur dollar...nothing concern u with naira....spend in dollar....ur 5k dollars is still ur 5k dollars

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....

Yes stupid people are panicking over naira strength, we wey dey crypto and forex knows the ups and downs. As people dey sell, oboy go and buy more. As it stands, naira no get shishi value. You cannot sustain economy artificially for too long. Until I see productivity in Nigeria, I will continue to store dollars and crypto

abc115:
Keep monitoring... Keep it close to your chest



Quickly sell it off it is now N1000 to a dollar in GTB

sell to GT when aboki is 1200?

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?

you'll only be loosing if you got the dollar last year december

Equity15:
sell to GT when aboki is 1200?

1230 now

Okete001:
Hehehe

We warned the piggss.

Dollar is crashing now, now they are unhappy

I don't know how you guys always feel by making tribal comments like this.

Tomorrow if you travel to western country and get discriminated you will run facebook to make a video about it but forgot you are worst than them.

I have never seen a country all the citizens are happy about the government of the day. Even in France you have been reading news on how the president was being stoned with eggs and others. change this mentality please.

Dollar goes for 1,270 at black market as of this morning… it will do u alot more good to trade with it..instead of holding on to it…Sell them now that the price is hi…buy them back when the price drop below what u sold.

All those of you who are holding and speculating the naira to fall against the dollars are the ones killing Naija economy all in the name of cashing out big

Greed

7 words


B. I. N. A. N. C. E


The CEO woke up daily determining naira ER at pleasure

PARADIZEPRIEST:
GOD MADE THE NAIRA STRONGER STRONGER AGAIN ,FORGET ALL YOUR RHETORICS,IT IS PEOPLE LIKE US THAT LOVE OUR GODGIVEN COUNTRY ARE PRAYING FERVENTLY FOR NIGERIA,WHILE INCURRABLE PESSIMISTS ARE BADMOUTHING THE NATION.

MAKE NO.MISTAKE ABOUT IT,THE FORCES THAT HELD NIGERIA BOUND SINCE 1999 FROM PROGRESSING ARE BEING CRUSHED AND SHATTERED TO PIECES. NIGERIA IS PHENOMENALLY RISING LIKE THE PHEONIX FOREVER IFSHA.

So your god haven't been able to defeat these forces since 1999, what a powerful god

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?

/
Every other platform is quoting above N1160, check others.

/

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..

There's nothing like speculative there. Check the rate. It's 1290 now

More like what did we stop exporting that made our naira lose value so rapidly before sanity prevailed?

phorget:



So what are those new things we exporting that we've not been exporting before?

I don't know who gave people that ridiculous economic idea that it's good to save money in a foreign currency... Rather than earning in a foreign currency.