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Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks (17299 Views)

Dollar Hits ₦1,900; Pound, ₦2,250 / Dollar Hits All-time Low, Crosses N1,500 At Official Market / FG Outlaws Black Market FOREX Transactions (2) (3) (4)

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Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Sensitivity: 8:13am On May 17, 2022
angry
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by IamGoke(m): 8:14am On May 17, 2022
And the mvtherfvcker wants to go for presidency?!
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Systrom(m): 8:14am On May 17, 2022
Wow!
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Terrence99: 8:16am On May 17, 2022
NOETHNICITY:
Abeg make una advise me

I have $27000 starched out since. Is it not time cash out?
I bought them when it was 484, infact I regret not converting my entire savings

Hold it to just before the primaries. Dollars is what is used to bribe delegates. They are mopping up what is available preparatory to primaries.
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by wink2015(m): 8:17am On May 17, 2022
This rising value of the Dollar against the Nigerian naira (NGN ) is as a result of poor governance by the political leaders.


Nigeria must elect a technocrat to rule to provide a better framework for growth and development.

Nigerians must avoid traditional politicians who are not professional in the financial and economic sectors to rule Nigeria.

We can not experiment with non technocratic.

Professionals in the financial sectors, economist, should be the leaders Nigeria should be voting to leadership position.

5 Likes

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by nedekid: 8:17am On May 17, 2022
This aboki has destroyed this country. Even to act, by discharging the incompetent Emefiele, he cannot.
I thought the said it was low oil price they inherited. Now there is high oil price yet naira keeps loosing value and Nigerians pauperised.

5 Likes 1 Share

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Simplythebest: 8:17am On May 17, 2022
Since Sunday even some Aboki are selling 605 per dollar at the Airport. But those guys can be funny when u tell them that u want to sell to them they will tell u 580 and if u buying they will tell u 585 but when u ask them to bring the dollar that u will buy from them the story will change.
But i finally bought N600 per dollar at the international Airport. Things is really getting bad and the Aboki people will tell u that dollar is scarce cus of this APC and PDP primary election that the politicians have bought most of the dollars. May God help us in this country.

1 Like

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Lumig: 8:18am On May 17, 2022
It may be the handiwork of Atiku and Ade dancer bragging about the dollars in his pocket. God have mercy on us

1 Like

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by TenQ: 8:18am On May 17, 2022
Omooba77:


https://punchng.com/dollar-hits-n600-at-parallel-market-forex-supply-shrinks/
See our dumb economic experts

"Naira has weakened in the parallel market due to increased speculations, falling external reserves, and low foreign exchange inflows into Africa’s biggest oil producer."

We are a consumer nation and its bound to be Dumbo!

1 Like

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by specialmati(m): 8:19am On May 17, 2022
Mooh247:
Atiku Dollars, Sarathief, Pandora and Wike mopping up Dollars for election
grin grin grin grin aleye na APC matter no wonder they sold presidential form at 100 million APC are group of rogues they must be voted out. Don't allow them finish this country

3 Likes 1 Share

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by wonder233: 8:23am On May 17, 2022
Buhari is the president. When Jonathan was president and Sanusi Lamido was CBN gov, you blamed Jonathan. Now, you're blaming CBN gov.
****
Realists:
The Nyamiri Cbn governor has set new record, imagine a greedy Jew has shown the world, why it's dangerous to give them public pot to manage.

7 Likes 2 Shares

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by BeardGangJnr1(m): 8:24am On May 17, 2022
Yet...one evil fake pastor said he wants to continue from buhari...that means dollar might reach 1k if and only if... unfortunately he wins.

4 Likes

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Theoroosevelt1: 8:24am On May 17, 2022
Is Bureau De Change still operating?
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by cardoctor(m): 8:26am On May 17, 2022
Chai. We don die
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Zidoh(m): 8:26am On May 17, 2022
NOETHNICITY:
Abeg make una advise me

I have $27000 starched out since. Is it not time cash out?
I bought them when it was 484, infact I regret not converting my entire savings
wow greatest investor lol
We are your best plug for exchange incase you need reliable exchanger.
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Nobody: 8:28am On May 17, 2022
Omooba77:


https://punchng.com/dollar-hits-n600-at-parallel-market-forex-supply-shrinks/
slawormiir!!!
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Investorozay: 8:29am On May 17, 2022
Good news for traders
Cashout season undecided
Wahalur for who dey save naira

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by BoverLY: 8:29am On May 17, 2022
Yeportt:
Buhari is working

This ain't about buhari. Those guys up there aee great.
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by damola1: 8:32am On May 17, 2022
And our cbn thinks the presidency is what is next
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Mooh247: 8:33am On May 17, 2022
specialmati:
grin grin grin grin aleye na APC matter no wonder they sold presidential form at 100 million APC are group of rogues they must be voted out. Don't allow them finish this country

Everyone knows APC doesn't like " Kwaraption" Buhari integrity and Pastor Osinbajo don't like money

Listen to PDP flagbearer


https://www.youtube.com/watch?v=6i3-QckIrtM
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by richeeyo(m): 8:33am On May 17, 2022
Painintheass221:
Blame Russia


grin grin embarassed embarassed undecided undecided

seriously, the effects of the russo-ukrainian conflict is overwhelming
Somthing is wrong with ur liquid brain abi
Na Russia War push am to 580 before abi
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by lexy2014: 8:35am On May 17, 2022
Mooh247:
cool



Atiku Dollars, Sarathief, Pandora and Wike mopping up Dollars for election




https://www.youtube.com/watch?v=6i3-QckIrtM


.

Tinubu, buhari, osinbajo and APC are replenishing the dollar stock in the economy

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by BlackSherif: 8:35am On May 17, 2022
Naijiria

Top to Buttom grin

2 Likes

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Selfmotivated: 8:36am On May 17, 2022
Omooba77:


https://punchng.com/dollar-hits-n600-at-parallel-market-forex-supply-shrinks/
That's what happens when disgruntled politicians ramped up dollars for election
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by seanWetchen: 8:38am On May 17, 2022
New Update!!!!

Buy Terra Luna and secure your future!!!!

I don't like buhari, I swear On God!!!!

Clowns!!!!!
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by na2016: 8:39am On May 17, 2022
Omooba77:


https://punchng.com/dollar-hits-n600-at-parallel-market-forex-supply-shrinks/

To imagine that this Emeifele is an Igbo man ehh, is disappointing
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Mooh247: 8:41am On May 17, 2022
lexy2014:


Tinubu, buhari, osinbajo and APC are replenishing the dollar stock in the economy

What exactly is Tinubu's business with nigerian Economic and monetary policy



PDP already confessed to hording forex in the video below


https://www.youtube.com/watch?v=6i3-QckIrtM
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by TheKingsmann(m): 8:42am On May 17, 2022
BUHARI have destroyed Nigeria into smithereens, it will never be well with him, dollar that he met at 150 now it's 600 Naira.

2 Likes 1 Share

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by TheKingsmann(m): 8:43am On May 17, 2022
seanWetchen:
New Update!!!!

Buy Terra Luna and secure your future!!!!

I don't like buhari, I swear On God!!!!

Clowns!!!!!
Did u make money when it dipped few days ago?
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by 2tpick: 8:44am On May 17, 2022
Amerengues2:
There is no sight of resurrection of the dollar but a continuous shameful steep of the dollar to naira.

We are not an exporting country again. In fact, the problem of Nigeria isn't exportation of Agricultural produce as opined by experts;

Nigeria's superiority in cocoa production has been dwarfed by Ghana and Cote d voire. However,we produce cocoa, export it to foreigners, they process it to chocolates and make X5 of it, then we import it as chocolate. Countries that have no cocoa farms are making a lot from our cocoa.

We are among the top producers of cassava, we pride ourselves in it. Apart from fufu, and garri, what else? However, the Chinese come here, but cassava chips. They produced starch from it; Produced ethanol; produced starch etc.

Heard of an account of an Indian that came to Ogbomosho to buy Cashew worth 450million. They take it back, process it and get oil, they even roast it and get multiple folds from it yet the producers languishes in poverty.

As much as too much importation is doing much harm to us, the archaic exportation of raw products does greater harm without processing. We can keep counting!

Even crude oil is being exported without refined and we import refined one. Spending 1.4tr on subsidy and managing refineries that are not functional.

The problem remains- we import back our goods at premium price.

All the cocoa farmers in West and south have turned Okada riders in Lagos.

In sum, dollar will continue to rise in as much as we are not willing to diversify.

Agriculture isn't the way but processing of those products to get greater gains. Though this dollar scarcity is politically induced.

IamMichael
Well said

It's called structural transformation

1 Like

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by TheKingsmann(m): 8:44am On May 17, 2022
na2016:


To imagine that this Emeifele is an Igbo man ehh, is disappointing
He's a big disgrace to the igbo tribe, an incompetent and a failure like his master Buhari

6 Likes

Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by MaryMo: 8:45am On May 17, 2022
Do not cash out yet, i bought over $50k when it was 370 , i know it is not yet time to cash out..... naira really has no value



NOETHNICITY:
Abeg make una advise me

I have $27000 starched out since. Is it not time cash out?
I bought them when it was 484, infact I regret not converting my entire savings

3 Likes

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