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Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market (41559 Views)

Naira Rebounds, Gains N28.15 Against Dollar / Naira Rebounds As Banks Offload Excess Dollars / Traders Lose As Naira Rebounds To 720/Dollar (2) (3) (4)

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Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by sleek214(m): 9:22pm On Nov 13, 2022
Keep crashing
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by nelcliff(m): 9:22pm On Nov 13, 2022
adekolaelect:
We pray it comes down to #200.

As I dey read am, i dey laugh..

2 Likes 1 Share

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Ay77(m): 9:22pm On Nov 13, 2022
Kyase:
Make Buhari shock me
Give us 1$ =1 naira before e leave office
Even for for a day or two


Guy �
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Igboslayer: 9:22pm On Nov 13, 2022
A
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by EngrKemp: 9:22pm On Nov 13, 2022
Imagine with this pressure,dangote refinery just starts production of petroleum products. That is , stopping all petroleum imports .
Wow
Dollar to naira official rate will be around 70 to 108 naira be that !!!

8 Likes 1 Share

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by MiaBeer(m): 9:22pm On Nov 13, 2022
False Rebound.
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Munamoqel: 9:23pm On Nov 13, 2022
Nanorest:
When it is back to 820 already
pained speculators sighted .

7 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Owolabi97(m): 9:23pm On Nov 13, 2022
Eriokanmi:
I'm so happy with this news. Only importers would understand my mood tonight. Dollar will drop to around 500 Naira before end of this month as predicted. Amazingly, this isn't about Naira redesign. Its a global thing. Sorry to those who changed their Naira to Dollar at a peak price.
It is already back to $790

1 Like 1 Share

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by BannedUser: 9:23pm On Nov 13, 2022
Eriokanmi:
I'm so happy with this news. Only importers would understand my mood tonight. Dollar will drop to around 500 Naira before end of this month as predicted. Amazingly, this isn't about Naira redesign. Its a global thing. Sorry to those who changed their Naira to Dollar at a peak price.
It can never drop to 500. CBN rate is around 450. CBN only supplies commercial banks which then resell at around 500. So black market prices can never go below 600 because CBN stopped dollar sales to BDC operators since mid 2021. Even BDC exchange rate just before they were banned was 505/$.
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by iLegendd(m): 9:24pm On Nov 13, 2022
cheesy

The almighty Dollar is being rejected.

1 Like

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Eriokanmi: 9:24pm On Nov 13, 2022
hustla:


LOL

Dey deceive yourself. It Will still go up as they haven't solved the deep rooted issues causing the disparity

We are still over reliant on oil money
I know we rely on oil. Pray we get a good leader. Naira will be strengthened the more. This isn't about me deceiving myself. Dollar will drop further. Just watch

8 Likes 1 Share

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by FreeStuffsNG: 9:25pm On Nov 13, 2022
Eriokanmi:
I'm so happy with this news. Only importers would understand my mood tonight. Dollar will drop to around 500 Naira before end of this month as predicted. Amazingly, this isn't about Naira redesign. Its a global thing. Sorry to those who changed their Naira to Dollar at a peak price.
You are not sorry wink
They were warned

6 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by spiralwedge(m): 9:25pm On Nov 13, 2022
These people and greedy traders are the culprits who don't want good reports from this country. All they want is for things to get worse and they, cashing out all the time. Evil!

I pray the dollar crash more and the black market rate is as close to the official forex rate as possible

10 Likes 1 Share

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by GeneralDae: 9:26pm On Nov 13, 2022
Eriokanmi:
I'm so happy with this news. Only importers would understand my mood tonight. Dollar will drop to around 500 Naira before end of this month as predicted. Amazingly, this isn't about Naira redesign. Its a global thing. Sorry to those who changed their Naira to Dollar at a peak price.
It's not a global thing. Naira suddenly got stronger for some reason.

3 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by maasoap(m): 9:26pm On Nov 13, 2022
Akujuriobi:
It's $1 to ,#800 today. Don't be deceive.
Nanorest:
When it is back to 820 already

Thanks to those who looted naira in billions and kept it at home. They would change it at any rate, even if it is 1$ to N1500

4 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Eriokanmi: 9:28pm On Nov 13, 2022
GeneralDae:

It's not a global thing. Naira suddenly got stronger for some reason.
Can you tell us why sir? Major currencies in the world are regaining their strength against the dollar right now. NGN isn't left out
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by VULCAN(m): 9:28pm On Nov 13, 2022
It's actually you that is an idiot because no sensible economist in the world will back up your statement.

A country that exports nothing apart from crude oil and imports expensive petrol, has 90m people in extreme poverty, with a true unemployment rate of 50% and is import dependent for everything cannot have a strong currency.

Taking panadol will not cure brain cancer

Every plane that flies in with cargo leaves empty, every ship that brings in full containers, leaves with empty ones and you think that changing the colours on the currency will suddenly make it valuable.

Jokes
Penguin2:
I’m still looking for the idiots who were arguing with me that Naira Redesign will have no benefit.

People with criminal minds still think Nigeria is a Banana Republic.

8 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by adamusuleiman1: 9:29pm On Nov 13, 2022
Eriokanmi:
I'm so happy with this news. Only importers would understand my mood tonight. Dollar will drop to around 500 Naira before end of this month as predicted. Amazingly, this isn't about Naira redesign. Its a global thing. Sorry to those who changed their Naira to Dollar at a peak price.
That is good. The US economy needs to cool down.

1 Like

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Eriokanmi: 9:29pm On Nov 13, 2022
Owolabi97:

It is already back to $790
I bought at far less yesterday here in lagos.

4 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by stano2(m): 9:29pm On Nov 13, 2022
Penguin2:
I’m still looking for the idiots who were arguing with me that Naira Redesign will have no benefit.

People with criminal minds still think Nigeria is a Banana Republic.
There is no benefit in the aspect of parallel market as long as we keep borrowing and continue importing everything
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Munamu: 9:30pm On Nov 13, 2022
Eriokanmi:
I'm so happy with this news. Only importers would understand my mood tonight. Dollar will drop to around 500 Naira before end of this month as predicted. Amazingly, this isn't about Naira redesign. Its a global thing. Sorry to those who changed their Naira to Dollar at a peak price.


Who says it is not about naira redesign? Did you not notice that there is a sharp increase in prices of commodity goods? A brand new tyre being sold around 18k is not 22k witnin 2 weeks. Prices of agricultural produce are increasing daily, despite the bountiful harvest. My take is that people prefer to buy goods with the hoarded naira than converting it to dollar.

6 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by adamusuleiman1: 9:31pm On Nov 13, 2022
Winning123:
"It isn't about Naira redesign. It's a global thing" This is misinformation. What is the global thing may I know

I agree with your submission.

2 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by olibeans: 9:31pm On Nov 13, 2022
Fake News
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Eriokanmi: 9:33pm On Nov 13, 2022
Winning123:
"It isn't about Naira redesign. It's a global thing" This is misinformation. What is the global thing may I know

Check the major currencies of the world as they're currently regaining their strength . GBP and Euro also lost value against the USD weeks back but now, they've appreciated against USD, others aren't left out
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Barims(m): 9:34pm On Nov 13, 2022
Eyesstone:


Day dreaming.

No it's not.
It's been revealed to me in dream that #1 equate to $3

3 Likes 3 Shares

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Frezhkid10(m): 9:35pm On Nov 13, 2022
Akujuriobi:
It's $1 to ,#800 today. Don't be deceive.
I still bought 680 today bro..no dy use Binance usdt determine the price..

17 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by adecz: 9:35pm On Nov 13, 2022
Everything in Nigeria is risky...

3 Likes 2 Shares

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Eriokanmi: 9:36pm On Nov 13, 2022
Munamu:



Who says it is not about naira redesign? Did you not notice that there is a sharp increase in prices of commodity goods? A brand new tyre being sold around 18k is not 22k witnin 2 weeks. Prices of agricultural produce are increasing daily, despite the bountiful harvest. My take is that people prefer to buy goods with the hoarded naira than converting it to dollar.
Not about Naira redesign, all currencies are regaining their strength globally as we speak. Just check it.

2 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Eriokanmi: 9:38pm On Nov 13, 2022
Akujuriobi:
It's $1 to ,#800 today. Don't be deceive.
Maybe they've scammed you grin. Many more would still be scammed this way and that's why information is key. I bought at Allen at far less yesterday. Today na Sunday, na for where you come go buy?

3 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Snitch24(m): 9:39pm On Nov 13, 2022
Lmao
Propaganda
Its back up guys
Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Frawdboiy: 9:41pm On Nov 13, 2022
iLegendd:
cheesy

The almighty Dollar is being rejected.
Who could've predicted this grin grin

2 Likes

Re: Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market by Munzy14(m): 9:44pm On Nov 13, 2022
adekolaelect:
We pray it comes down to #200.
Heart attack for BDC and my save your money in Dollars crew grin

7 Likes

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