greatlee:
Please how much will it cost in total to clear a 2012 ML 350 ?

oliverjiad:
remind me of the inquiry again sir

oliverjiad:
with #/.8m would get it done

Jaid

Seems you mis typed the quote

3 MONTHS AND YOU DON ALREADY SPRAY AM?!

USED BY PASTOR INDEED

following

leokid866:
Lol....you think because we dey Nairaland together we dey the same level......🤣🤣🤣🤣

so it is no longer 950 naira to a dollar abi

pump and dump as usual

leokid866:
lol this is the same business day that reported dollar closed at 1300 yesterday waking up this morning to say dollar closed at 1250 th3 same yesterday.....you guys should keep following tabloid rates.....no enter street no whatsup.....that's how a relative was shouting that dollar was 1950 when it had started coming down and I gave him 1400 as Rate by the time baba went round other people and came back dollar on the street had come down to 1070 that was 2 weeks ago.....make una continue dey look online rates it is well 😀 👍🏾.....
https://businessday.ng/markets/article/naira-gains-to-n1250-as-cbn-sells-fresh-dollars-to-bdcs/

LordAdam16:


Tinubu and co wanted a desperate win.
Otherwise the stars aligned perfectly for them to gradually lower the rate over the next 8 months to 1200 and possibly 1000 by mid next year.
But the clowns lacking foresight did their usual fire brigade nonsense and wasted the golden opportunity.

Liquidity was up. FPIs finally bit the bullet. Investment appetite was slowly returning. The vast majority of the major international houses backed a resurgence. The international development institutions greenlit the policies. And yet, somehow they royally f*cked up this gift.

This is on Cardoso! He claims to be independent but he let the politicians pressure him into an unforced error.
Would it really be so bad if the rate was currently 1400-1500 and our reserve was growing? And in the pipeline were the $2B WB loan, $6+ Eurobond, and 3 entire quarters of at least $2B per quarter in FPIs. If they'd simply kept it cool for the next two quarters, all of those FDI commitments would have started materializing by Q4.

In the interim, they'd have kept up with the SAP and tax reforms. These will boost the fundamentals (government revenue is up btw) and we'd have quite some time to properly orchestrate and put in motion a holistic program to boost exports massively.

But now the entire planet has caught them being naughty and they risk derailing whatever tiny progress they'd made in early Q1.
Investors skipping us for Egypt and liquidity in the official market falling back to last year levels. They better pray these bad numbers and perception are transient.

-Lord

you have said it all!

leokid866:
oga I believe you enter street tell aboki make he buy your dollar 1300.....I dey wait.....even officiall market closed at 1250....CBN announced new rate is 1021....but for your mind you don see Aboki wey go pay you 1300 for your dollar cause your own na from the abroad 🤣🤣🤣

this is unbelievable...

clems88:
This their strategy is fading away already . They will soon Strom the street to start arresting abokis and clamping down on some crypto exchanges again. .

e don cast already.

They released circular yesterday

Today price increased even further

Notfogotten:



You will understand in 4 weeks time from now.

Your vision less government is borrowing to support your currency.

Good businessmen and your politicians are already mopping available USD.

Naira will hit all time low weeks from now. It has already started.

leokid866:
Dollar fell on the black market today, price of diesel has come down again. This is a good Tuesday 👍🏾

leokid866:
if you are so sure of this rate enter street and ask Aboki to give you this rate let's see what will happen.....

https://abokifx.com/news/naira-depreciates-further-at-parallel-market-trades-at-n1-260-the-cable?type=market

leokid866:
continue lying to yourself even Abokifx no lie reach 1270......you people just find delusional people like yourself to quote rubbish rate for you and then cling to it.....if it sure for you enter street ask for this rate make we see if the Aboki no go slap you.....

https://abokifx.com/news/naira-depreciates-further-at-parallel-market-trades-at-n1-260-the-cable?type=market

Nbotee:
Lol... So meaning the CBN are the ones subsidising the dollar to keep it down. They stopped and dollar jumped to over 1200

exactly.

Right no it no longer has effect. Circular was released yesterday...

The rate increased even higher today !

leokid866:
stop pasting lies....black market is below 1k.....even aboki fx wey dey lie no quote 1270......you better go and sell your dollars cause you are only lieing to yourself

https://www.nairablackmarket.com/page/Black-market-exchange%20rates

leokid866:
ask google.....

leokid866:
okay dey dere no enter street.....in a few weeks dollar will enter 700 for street na that time una eye go clear 🤣🤣🤣🤣

You first say check google

now you say enter street

I understand bro....

No worry you go dey alright.

leokid866:
lol.....continue lying to yourself....Aboki go collect from CBN at 1100 and now buy from you at 1250 because your own dollar is special or are you looking at those crypto site that you soon won't be able to withdraw from.....🤣🤣🤣

I really wanted this thing to go to at least 850...

But Cardoso rushed his plan. and the world has seen the game plan!!!

So, it is pointless being delusional about this. The plan don cast. Imagine circular released yesterday. By today we should have seen a reduction in the rates, but we are seeing an increase!

leokid866:
ask google.....

Which google?

lol... You are delusional

leokid866:
stop lying black market is been sold at 900+.....right now official market rate is higher than black market....

This is a lie

current rate on the streets is 1270 (buying from Aboki)

Why are people so detached from reality like this?

Parydelegate:
People are now wiser

as in ehn

The outcome of last week has already washed down the potency of this move (News about depleting reserves and all)


Imagine, this came out yesterday, but had no affect on today's rate. WTF?!

Black market now at 1270

CBN messed up big time. They should not have rushed this Naira appreciation strategy. They had all in their favor, yet they messed up!

The outcome of last week has already washed down the potency of this move (News about depleting reserves and all)

CBN needs to step up their game

Black market now at 1270

CBN messed up big time. They should not have rushed this Naira appreciation strategy. They had all in their favor, yet the messed up!

Imagine, this came out yesterday, but had no affect on today's rate. WTF?!

medicine after death

This looks more like medicine after Death

The Central Bank of Nigeria (CBN) has issued another circular to Bureau De Change (BDC) operators, informing them of direct sales of US dollars at a discounted rate of N1,021 per dollar.

This move marks the second of such sale this month and the fourth in the current year, reflecting a proactive approach to managing currency fluctuation and meeting essential foreign exchange needs.

The CBN, in February 2024, announced the selling of $20,000 to each BDCS at the rate of N1,301/$. By the second attempt, the bank reduced the allocation by 50% and sold FX at a rate of N1,251/$1. Earlier this month, the apex bank had a sale of $10,000 to each BDC at a rate of N1,101/$1.

BDCs to sell at N1,036/1$
Aimed at addressing the retail-end market, particularly for invisible transactions such as travel allowances, tuition fees, and medical payments, this policy involves selling a total of $10,000 to each eligible BDC.

These BDCs are then required to sell to end users with a maximum markup of 1.5% over the buying price.

This stipulation is intended to prevent price gouging and ensure that the benefits of the discounted rate are transferred to consumers needing foreign exchange for various personal transactions.

The circular read:

“We write to inform you of the sale of $10,000 by the Central Bank of Nigeria (CBN) to BDCs at the rate of N1,021/$1. The BDCs are in turn to sell to eligible end users at a spread of NOT MORE THAN 1.5 percent above the purchase price.
“ALL eligible BDCs are therefore directed to commence payment of the Naira deposit to the underlisted CBN Naira Deposit Account Numbers from today, Monday April 22, 2024, and submit confirmation of payment, with other necessary documentations, for disbursement of FX at the respective CBN Branches.”
Naira losing steam in official, black markets
Naira, which has been described as a best performing currency, is losing its steam in the official and black markets.

The exchange rate between the Naira and Dollar on the official NAFEM window fell to a week-to-date low of N1,234.49/$1 on Monday, 22nd of April 2024. This is a sharp depreciation from the official exchange rate N1,169.99/$1 recorded on Friday 19th of April 2024, which was also a 6-day low.

Also, the naira remained above the N1200/$ band in the unofficial market, causing the Nigerian currency to pause its winning streak against the American dollar on a weekly spectrum. The naira’s surge since late March, which had made it the best-performing currency in the world, came to a stop on Sunday when it had its first weekly decline in several weeks on the parallel market.

The break in the naira’s rapid rally coincided with a strengthening of the US dollar.

What you should know
In an earlier circular, CBN had provided a list of 1588 eligible BDCs. If all the eligible BDCs paid for the dollar allocation from the CBN, it would likely cost the apex bank about $15.88 million.

Yemi Cardoso, CBN governor, recently stated that interventions in the BDC segment are minimal and targeted to ensure its effective integration into the broader market.

He said:
“I can understand that, especially at the outset, there have been little cases fot the bureau de change (BDC). There was a need to get that segment going. And small amount of money relatively has gone into that to catalyse that. And it is important not to keep them out of the mainstream. But in terms of intervention, that it is really not our attention at all.”
This comment came amid concerns around the depleting foreign exchange reserves, which dipped by $2.33 billion in 31 days.


https://nairametrics.com/2024/04/23/cbn-sells-fresh-dollars-to-bdcs-at-n1021-as-naira-loses-steam/

mrvitalis:

Define floating please then let's compare it to what cardi b did abeg I want to check something

Elliotwaveforec:


Did it crash from 1156 to 1002 before correcting to 1255 or not? That's 10/10.

Correction has capped at 1255, it will zoom past 1000. Opportunity to move out now.

you are just focused on the effect, and not the cause

leave all these things wey you dey do abeg

Equity15:
sell to GT when aboki is 1200?

1230 now

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

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

it is 1200 now

check the real (black market) rate