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Nairaland Forum / Nairaland / General / Business / $1 Back To ₦690 At Black Market (37919 Views)
Naira depreciates, posts £1/N2050 at black market / UK Pounds Sells Above N1,000/£1 At Black Market For 5 Straight Days / Updates: Dollar (USD) To Naira At Black Market Rate Today: Aboki Price (2) (3) (4)
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Re: $1 Back To ₦690 At Black Market by Pierced(f): 10:17am On Nov 11, 2022 |
Fearyourcreator: Through piggy vest? That's strange because it's been 816 since dollars became 850 officially. |
Re: $1 Back To ₦690 At Black Market by Proffessorr: 10:18am On Nov 11, 2022 |
nlfpmod: I’ve not seen anywhere to buy $1 for #690 in black market. Could you be kind enough to tell us the location, at least we can benefit from it. |
Re: $1 Back To ₦690 At Black Market by Starking1000000(m): 10:25am On Nov 11, 2022 |
JoshTim:You're a goa.t And More. 1$ to #690 is now a good thing? Remember your usele.ss president promised us 1$=1# And you're happy 1$=#690 Id.iot |
Re: $1 Back To ₦690 At Black Market by MoneyMustBMade(m): 10:42am On Nov 11, 2022 |
But is back to 720/$ this morning |
Re: $1 Back To ₦690 At Black Market by ogatboy(m): 10:44am On Nov 11, 2022 |
Artificial move. It is still going to rise massively. |
Re: $1 Back To ₦690 At Black Market by MrPresident1: 11:04am On Nov 11, 2022 |
These criminals have so pulverised us that we are now supposed to see 1USD=N670 as a great achievement worthy of celebration You will have your recompense |
Re: $1 Back To ₦690 At Black Market by PeterObi4LP: 11:10am On Nov 11, 2022 |
Misterone: Continue wailing |
Re: $1 Back To ₦690 At Black Market by OrdinaryNigeria(m): 11:32am On Nov 11, 2022 |
Misterone: So they way u are right now, is not bad enuf. I wish Nigeria better than u. I serve this country more than u |
Re: $1 Back To ₦690 At Black Market by Nobody: 11:42am On Nov 11, 2022 |
OrdinaryNigeria: So one can safely say that you're not aspiring to have a share in the good of Nigeria, right? 1 Like |
Re: $1 Back To ₦690 At Black Market by Brownshoe: 11:50am On Nov 11, 2022 |
Still expensive |
Re: $1 Back To ₦690 At Black Market by Fearyourcreator: 12:03pm On Nov 11, 2022 |
Pierced:Binance with usdt |
Re: $1 Back To ₦690 At Black Market by Tycyborg(m): 12:03pm On Nov 11, 2022 |
bonnyhope: He promised but it won't happen cos you guys believe in magic just like peter obi said he will rebuild Nigeria within 4 years and you guys think he will because of sentiments 2 Likes |
Re: $1 Back To ₦690 At Black Market by OmarBashir: 12:14pm On Nov 11, 2022 |
Most BDC operators are selling between $750 and above as of today, you may bargain lower if you are buying in large quantity. |
Re: $1 Back To ₦690 At Black Market by benjaminlawson(m): 1:19pm On Nov 11, 2022 |
[quote author=savcy post=118295661]If oil is the principal exchange commodity of the country, and the assumption is that the value of our currency is tied to the price per barrel of oil, how come the Naira plummets in value arbitrarily, and without explanation, all when the price of oil is high? What sort of economy are we operating? A country that celebrates BLACK MARKET fx rates to the detriment of her OFFICIAL fx rates cannot be taken seriously. We're still joking with our fiscal policy with the BDCs still around. Redesign notes, raid BDC offices... All will amount to nothing on the long run. When all is said and done, and the dust settles the hydra headed demon called the BDCs would again rear up their ugly head and wreak financial havoc. Jokers![/quote Its the official policy that makes this dubious policy boom. Former CBN Governor has affirmed that by mere having connection, you can make billions on Naira without offering anything into the market, just by procure Dollars and take it to black market and sell, not only this the policy gives our political elites the opportunity to launder money with ease, because black market operators have no record of their transaction. Until transaction of BDEs is subjected to what is obtained in POS operations which uses bank accounts of their clients for their transactions, government cannot monitor them. A situation where people we just come and exchange million of Dollars without trace we make black market to be the choice of money launderers. 1 Like 1 Share |
Re: $1 Back To ₦690 At Black Market by TenQ: 1:27pm On Nov 11, 2022 |
Joniww:Impossible!? How? The price of Naira to dollar apart from speculation is from market pressures. Our demand for dollars is through the roof because we import EVERYTHING: thus, Naira will be undervalued! |
Re: $1 Back To ₦690 At Black Market by DeTruthh: 2:19pm On Nov 11, 2022 |
Just because the majority of BDC operators are Northerners that's why they are still in operation despite the fact that they are causing great harm to the economy. Had it been it was done by the southerners, they would have been history by now. #RegulateOrEndBDC 1 Like |
Re: $1 Back To ₦690 At Black Market by alphaNomega: 2:27pm On Nov 11, 2022 |
Raxxye: 1. There is no god 2. Nigerians are not up to 200 million |
Re: $1 Back To ₦690 At Black Market by alphaNomega: 2:28pm On Nov 11, 2022 |
Themaths: Nigeria is a foolish country led by fools, that's why. |
Re: $1 Back To ₦690 At Black Market by alphaNomega: 2:30pm On Nov 11, 2022 |
Patson080:If you can drive, try taxi hustle. |
Re: $1 Back To ₦690 At Black Market by Truvelisback(m): 2:42pm On Nov 11, 2022 |
Even though, i am yet to believe this news. Would it reduce the cost of goods and services? It's because many Nigerians out there like taking advantage of prices for excess gain in the name of Buhari's govt. 1 Like |
Re: $1 Back To ₦690 At Black Market by goodheart01: 2:57pm On Nov 11, 2022 |
JoshTim: You’re not just dumb but so foolish. So a dollar at #690 is an achievement right?? So nothing spoil again because it’s now at 690. The way some of u reason in this country ehn, na to flush una inside toilet better aswear. What happened to the $1=#1 Buhari promised? Or is it a crime if it gets down to atleast #120?! At this rate Obi will still sell as a Messiah, because the dollar is still high, especially if he can bring it down to its barest minimum. |
Re: $1 Back To ₦690 At Black Market by goodheart01: 2:59pm On Nov 11, 2022 |
Realists: Nigeria great again at $1=#690 and u are celebrating it? God who do us this kain thing?? Who are these set of foolish citizens bikonu? |
Re: $1 Back To ₦690 At Black Market by Raxxye(m): 3:04pm On Nov 11, 2022 |
alphaNomega:Guy, go back to sleep! |
Re: $1 Back To ₦690 At Black Market by alphaNomega: 3:05pm On Nov 11, 2022 |
Raxxye:of course, I'll get good sleep. |
Re: $1 Back To ₦690 At Black Market by YoungBruzzy(m): 3:17pm On Nov 11, 2022 |
temitope27:
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Re: $1 Back To ₦690 At Black Market by Raxxye(m): 3:17pm On Nov 11, 2022 |
alphaNomega:Lol |
Re: $1 Back To ₦690 At Black Market by ogbonti: 3:27pm On Nov 11, 2022 |
JoshTim: things never spoil finish it’s like someone raped your wife 4 solid times in your presence and you are glad the person didn’t release inside her in the 4th and final round that’s how your mind is is nigeria not fvck ed already by APC ? from $1= N169 in 2014 to $1=690 in 2022? that’s 245% depreciation in value meaning if you kept N100,000 in the bank in Nigeria in 2014, today it’s worth just N41,000 compared to the standard of 2014 just like on your way to the bank to deposit N100k in 2014, and someone robbed you of N59,000 from that money, same thing is that progress ? 1 Like |
Re: $1 Back To ₦690 At Black Market by SerendipityHIGH: 4:02pm On Nov 11, 2022 |
twosquare: What and wat will make the dollar price rise again? 1 Like |
Re: $1 Back To ₦690 At Black Market by SerendipityHIGH: 4:08pm On Nov 11, 2022 |
OmarBashir: Do you think dollar will still rise or fall? |
Re: $1 Back To ₦690 At Black Market by headofschool: 4:29pm On Nov 11, 2022 |
savcy: Oil is the principal exchange commodity truly, but when the exchange is done some idiotic self minded miscreant was getting the bulk of the money and stashing in their dirty abode, but they had to deposit it back as circulating money due to currency redesign. Hence excess naira in circulation for Nigeria economy will invariably bring gain (as it means that the miscreant will be compelled to spend naira in most of their cash transactions) 1 Like |
Re: $1 Back To ₦690 At Black Market by DarkJeddi(m): 4:42pm On Nov 11, 2022 |
Raxxye:Put your house in order and stop looking for who to blame for your inefficiency.. |
Re: $1 Back To ₦690 At Black Market by DarkJeddi(m): 4:44pm On Nov 11, 2022 |
JoshTim:Yes,it's IGBO'S fault.. Everything sick and wrong with this shithole is IGBO'S fault.. And yet you would rather commit suicide than allow this evil depart your Paradise.. |
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