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Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window (44233 Views)

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Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by mrvitalis(m): 7:26am On Jun 15, 2023
Just as I predicted it would stabize around 650 to 700

Making petrol to be 750 to 850
Diesel to be 850 to 950
Gas would go back to 750

Import duty would increase by 50%

But when servicing for debt Buhari took starts the pressure on dollar would take it to 850
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by 9jii(m):
Ogene001:
The north will not like this. Tinubu scamed them. We Igbos are enjoying the free market economy. Abooki money changers have been thrown out of business
Obi people and spreading hatred, We were selling dollar when this same system was in place and we ll still do, nothing change.
Does removing subsidy stop oil marketers from selling?
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Nyamiri: 7:41am On Jun 15, 2023
Nonybb:
This man is making the 15,000 USD I have in my domiciliary account to be useless
You're one of the targets of this new policy grin
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by fayomim: 8:09am On Jun 15, 2023
Kenneth4u205:
Keep on deceiving yourself. I bought dollar's for 761 Naira few minutes ago . The 664 rate you talking about only exist in theory book. But the physical reality on ground is 761 per dollar's
Go to the bank
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Hamxas: 10:36am On Jun 15, 2023
For those of u thinking only d northerners would b affected by dis wait till inflation sets in, d foolish policy by emefele not to sell FX to BDC operators destroyed d naira whats d use of floating d naira when it is still difficult to access d dollar . d CBN would continue floating d naira b4 d end of d first tenure we would exchange @ 3000 per dollar
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Raysleek: 10:59am On Jun 15, 2023
Dotherightthing:
Great!

Where are the naysayershuh
You don't understand English. Previously at I and e window it was 440 now its 664
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by hush15: 10:59am On Jun 15, 2023
KingKO22:
Pandora Obituary should go and withdraw his case against Asiwaju with immediate effect bcs the good news of Asiwaju achievement within short period of time is overwhelming even the international communities that Buhari has visited will start visiting our action Daddy soon




Action Daddy no be thank you Daddy

.😀🤣😂
Go and close it for him now, then withdraw the case on his behalf. No matter how long lies goes, truth will prevail eventually.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Savvy19: 11:01am On Jun 15, 2023
Tinubu magic smiley
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by INTEGRITYA1(m): 11:01am On Jun 15, 2023
Beautiful
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Leebeedo(m): 11:01am On Jun 15, 2023
They are deceiving you all. These are the real rates

Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Theboss001: 11:02am On Jun 15, 2023
Ogene001:
Tinubu will bombard the media with endless propaganda to legitimize his fraudulent regime
Swears to God, don't know how much this media houses are being paid to propagate almost these BS.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by IduNaOba: 11:03am On Jun 15, 2023
Usd sells for 740 in aba
And 745 in enugu
740 in elwulobia
I personally called these locations this morning
So which recovery are they talking about??
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Jsucre(m): 11:03am On Jun 15, 2023
Abi Tinubu dey whining us with magical hands ni?
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by webincomeplus(m): 11:03am On Jun 15, 2023
BloomingDale:
So that newspaper was right afterall. Thunder fire Tinubu, fire CBN, fire Emefiele and fire that new Yoruba head.
Please seek more enlightenment before embarrassing yourself. What the newspaper reported and what Tinubu did are 2 entirely different processes.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Menclothing: 11:03am On Jun 15, 2023
Why do we have 2 exchange rate
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Nolevel666: 11:03am On Jun 15, 2023
Parachoko:
You should have wait till tomorrow and buy it from any of the Bank

But I doubt you truly bought it though
Those bankers simply ignore you when they learn you are standing at their counters to buy dollar.
They simply tell you to go buy from aboki.

If only they can be sanctioned!
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by olayemi1977(m): 11:04am On Jun 15, 2023
Mad man
BloomingDale:
So that newspaper was right afterall. Thunder fire Tinubu, fire CBN, fire Emefiele and fire that new Yoruba head.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by rainlover(m): 11:05am On Jun 15, 2023
KingKO22:
Asiwaju is our God sent



Naira might appreciate deprecate to 3000 against dollars before December



Which of your grace would I deny


Thank you God for choosing Asiwaju for us
Corrected
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Zedoo(m): 11:05am On Jun 15, 2023
joyandfaith:
Black market?
Go to the bank and buy it na. If dey have to sell to you. Lol.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Zedoo(m): 11:05am On Jun 15, 2023
Anybody you see thanking God and tinubu has never bought a single dollar in their lives.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Leebeedo(m):
fayomim:
Go to the bank
Which bank? There is no dollar at the banks and its very scarce. With common sense, anything that is scarce has a high ................... fill in the gap. Until 🇳🇬 stops eye service and fix the real issue by increasing export to earn more dollars and reducing import, dollar will remain scarce and the value will be high in nigeria
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by 43Ronin: 11:06am On Jun 15, 2023
GeneralPula:
Right about what?

Did you understand what Op posted?
right about the fact that CBN had floated the naira to 664 even though they eventually denied it.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by waveman2: 11:07am On Jun 15, 2023
Can we get it at this rate from banks?will govt sell to BDC which is the popular market among nigerians let's wait and see.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Zedoo(m): 11:07am On Jun 15, 2023
mrvitalis:
Just as I predicted it would stabize around 650 to 700

Making petrol to be 750 to 850
Diesel to be 850 to 950
Gas would go back to 750

Import duty would increase by 50%

But when servicing for debt Buhari took starts the pressure on dollar would take it to 850
650-700 in theoretical banking halls that don’t have it to sell or where
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by OgaTheTop2: 11:07am On Jun 15, 2023
Kenneth4u205:
Keep on deceiving yourself. I bought dollar's for 761 Naira few minutes ago . The 664 rate you talking about only exist in theory book. But the physical reality on ground is 761 per dollar's
Don't mind them liars.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by AfonjaPriest: 11:07am On Jun 15, 2023
This is not news to me; waiting for the prices of foodstuffs to come down.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Dreamhighnow(m): 11:08am On Jun 15, 2023
KingKO22:
Asiwaju is our God sent



Naira might appreciate to 300 against dollars before December



Which of your grace would I deny


Thank you God for choosing Asiwaju for us
you guys are funny. The only good news is I don't want double rate. But trust me they are devaluing the naira
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Barywhyte(m): 11:08am On Jun 15, 2023
Kenneth4u205:
Keep on deceiving yourself. I bought dollar's for 761 Naira few minutes ago . The 664 rate you talking about only exist in theory book. But the physical reality on ground is 761 per dollar's
Very misleading headlines from cable news. Anyway cable is agbado newspaper so that's not surprising.

660/$ has been trading on I&E since around April this year. If you know anyone trading on that platform, they will confirm. Daily Trust also reported it some weeks ago.

Tinubu's handlers are running propaganda government doing everything to gather sympathy from people over irregularities in the last election. He's taking attention away from court cases.

All na flukes. Man is a master of news headlines and media propaganda. For that, you must give it to him
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by FxMasterz: 11:08am On Jun 15, 2023
Kenneth4u205:
Keep on deceiving yourself. I bought dollar's for 761 Naira few minutes ago . The 664 rate you talking about only exist in theory book. But the physical reality on ground is 761 per dollar's
Please where did you buy it. With your card?
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by iampeterben(m): 11:08am On Jun 15, 2023
A better Nigeria is loading...
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by Gbenga4ever1411: 11:08am On Jun 15, 2023
We are all fighting for the development of this country irrespective of our party affiliation.For now tinubu is trying.
Re: Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window by itsene: 11:08am On Jun 15, 2023
Kenneth4u205:
Keep on deceiving yourself. I bought dollar's for 761 Naira few minutes ago . The 664 rate you talking about only exist in theory book. But the physical reality on ground is 761 per dollar's
It will stabilize. That's what happens when floating . Buyers and sellers are hedging.
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