₦airaland Forum

Success is it for me, if I were you. But I am not you, so pick Mmasi.

XAUUSD for today.

With the levels clearly marked out, the only time you should buy is if price returns to 4509 and the bulls take over the market. Otherwise, the market is looking to break below 4500, and the fibonacci extension target is 4480-4465(same price level since last week.)

Fxwarrior:
Gold Alert

Buy 4535
Stoploss 4525

Target 4565

Stop loss triggered.

We will all learn global economics together. Wasn't it just last month someone was talking about seeing 1000 to a dollar soon on a different thread?

Someone is asking if Dangote imports crude oil? So you think Dangote Refineries gets all its crude oil from Nigerian supply?

You don't even know what is going on in your country.

ceejay80s:
It has nothing to do with Iran war,
How many of una sef go school?
So Ukraine and Russia has not been fighting war since and u don't have gas,
Did Israel and Iran fight start today and u never had gas,
Do we depen on their gas when we have ours?
Make una stop to dey disgrace me

So what caused the hike ?

I have read through a lot of comments and nobody is saying anything reasonable.

Where does Dangote get his feedstock for his refinery from?

What is happening to ships on the sea?

Why is Nigeria dependent on imported petroleum products despite being a global petro-chemical supplier ?

These are the issues which could insulate the country from speculation and external impacts, but that have not been resolved in years because your politicians over the past 2 decades are corrupt, and involved in oil bunkering.

OIL BUNKERING & BAD POLITICS.

That's why your country has no energy defense policy. That's why you are at the mercy of fluctuations in international markets. Without subsidies, your country feels the effect of every swing in international trade and global events.

NO.

Leave her alone. You don't have your bearings yet, when you are stable, look for a wife.

lionshare:
The CBN governor’s speech suggests the central bank has been keeping rates high—likely to support FAAC and overall stability. If they withdraw, rates will drop sharply to their true level, but CBN seems to be managing naira’s appreciation. By December, with God’s grace, it should hit around ₦1,200—definitely under ₦1,400.

Look at the different scenarios and leave fate out of it.

Optimistic Scenarios (Appreciation to ₦1,100–1,250):
Some projections anticipate significant strengthening, driven by sustained reforms, reduced imports, and higher FX inflows. For instance, economist Ayo Teriba suggests the Naira could mirror its 2006 performance, gaining strength amid market surges and stabilizing inflation. Long-term models from platforms like LongForecast predict an end-2026 rate around ₦1,146, with monthly averages trending downward from current levels. Traders Union forecasts ₦1,248.71 by year-end, assuming improved current-account balances. Outliers like CoinCodex suggest even stronger appreciation to ₦1,000–1,015, though this appears overly bullish given structural constraints.

Neutral/Stability Scenarios (₦1,300–1,450):
Many expect broad stability, with mild appreciation or fluctuation around current levels. PwC's outlook projects stability around the budgeted ₦1,400, supported by positive current-account balances, rising reserves (from $45.45 billion in late 2025), and policy transparency. Trading Economics anticipates ₦1,325.52 in 12 months, citing global macro models. Reuters reports the Central Bank of Nigeria (CBN) forecasting stable forex markets, aiding overall growth at 4.49%. Market sentiment on X aligns, with expectations of ₦1,300–1,350 in Q1 and a year-end band of ₦1,350–1,450, bolstered by oil receipts and lower speculative demand.


Pessimistic Scenarios (Depreciation to ₦1,550–1,700):
Weaker outlooks highlight risks from monetary easing, falling oil prices, and external shocks. Citigroup (Citi) predicts depreciation to ₦1,650–1,700 by mid-2026, as the CBN cuts rates and crude declines exert pressure. BMI forecasts ₦1,550, contrasting with more optimistic analyst views. The World Bank notes a softer global dollar aiding emerging currencies, but warns of vulnerabilities in oil-dependent economies like Nigeria.

lionshare:
You want to bet your money?

No need to bet. Let's just come back when the year has gone far and you see the event unfold.

Voodoo economics. Naira is going back above #1500 before the end of the year.

grandstar:
A lot of the money being borrowed is to build infrastructure.

A lot of money is being spent to inctease the transmission capacity of PHCN. Currently there is insufficient capacity to move all the power being generated from the Gencos to the Discos who deal with the retail end- poeer to the end users.

Lol... I would like to know concrete projects to build the distribution capacity of the TCN.

Lol... where is the strategy drive or infrastructural base for industries to thrive?

VeeVeeMyLuv:
And African MEN are what?
Abegi

Who teach them that behaviour ?

Na still African men wey dey see nothing wrong in knocking olosho and even brag about knacking wookup girls! Forgetting that those are people mothers, sisters, aunties and daughters!

This your answer no follow at all.

THE FIRST PERSON TO KNACK OLOSHO BY HUMAN RECORD NA JEW.

NOT an African.