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Nairaland Forum / Nairaland / General / Business / Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window (41699 Views)
Naira Falls To Record Low At I&E Window, Trades ₦993/$ / Naira Now Undervalued After Float, Bank Of America Says / Naira Loses To Dollar, Closes At 419 In "Official Market" (2) (3) (4)
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Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by GreaterFuture(m): 3:14pm On Jun 15, 2023 |
Flets:This is still Quite Confusing to me... We are still in the very early stages, let's see |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by sonofthunder: 3:27pm On Jun 15, 2023 |
KingKO22: 300 to a dollar? By what indices? |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by loswhite(m): 3:56pm On Jun 15, 2023 |
Maski87:The banks do not print the naira either. The banks have the dollars so leave all those stories when they tell you they don't have. It is reserved for selected few that are willing to settle at the right price |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by shimolv: 4:00pm On Jun 15, 2023 |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by kelvindj98: 4:39pm On Jun 15, 2023 |
Nonybb:Good |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by philos(m): 4:43pm On Jun 15, 2023 |
KingKO22: |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Caseless: 4:45pm On Jun 15, 2023 |
joyandfaith:You sure know where he got his own from. |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Caseless: 4:49pm On Jun 15, 2023 |
jcflex:I tire for that guy. |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Caseless: 4:54pm On Jun 15, 2023 |
grandstar:BDC guys go still hoard am. The goodnews is that, subsidy is no more,so we'll have enough forex available as the large chunk of our forex goes to service subsidy and importation of petroleum products. You can factor in Dangote refinery too...that's why the naira could stabilize under Tinubu. |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by shantti(m): 5:39pm On Jun 15, 2023 |
cybertron88: But banks will hoard the dollars and won't sell to the common man, they will instead sell to the abokis at a high price, the abokis will have to sell at a higher price to see profit. Is there any incentive to checkmate the evil of hoarding from banks, remember what happened during naira scarsity |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Shemadex(m): 5:42pm On Jun 15, 2023 |
Ogene001:so tinubu na ngige idiot u dey compare Marwa with truck idiot |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Macgyver1: 5:48pm On Jun 15, 2023 |
Still 760 1 Like |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by BigIyanga: 6:45pm On Jun 15, 2023 |
KingKO22: Keep deceiving deceiving yourself. You go rob mama Iyabo and Shinedu to steal their goods.. Customs will charge more on imported goods valuation because official rate is 650. Transporters will charge more because petroleum price has gone. Everybody go increase their price.. and u must pay |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by TollinsN: 6:57pm On Jun 15, 2023 |
Kenneth4u205:It either showed the limit of your negotiating power or buying from old stock since no one will like to sell at a loss. Stiff competition for buyers will force the Naira into equilibrium. |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by BigIyanga: 7:39pm On Jun 15, 2023 |
TollinsN:Story.. so after selling old stock, you will be forced to buy at higher price |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by ModCaller: 8:08pm On Jun 15, 2023 |
The calm before the storm. Only those who have traded Forex will understand what just happened. We call it pull back |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Marvfem: 8:24pm On Jun 15, 2023 |
Ogene001:can we now use our debit card now for all international transaction |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by MoneyMustBMade(m): 8:51pm On Jun 15, 2023 |
How come am buying dollar at 765/$ from aboki them This people are just creating confusion |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by grandstar(m): 9:01pm On Jun 15, 2023 |
loswhite: Wetin concern fish with raincoat? I will gladly grab it with both hands 1 Like |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Promotions: 9:11pm On Jun 15, 2023 |
MoneyMustBMade:I sold at 752 today in abuja |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Babastrong(m): 9:49pm On Jun 15, 2023 |
[quote author=Ogene001 post=123800739] If you know what Ngige built within three years, yet he was kicked out[lol.*nigeria*no*be*anambra.] |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by TollinsN: 11:10pm On Jun 15, 2023 |
BigIyanga:Your reply shows you just posted the wrong information. You don't know how the market runs |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by okuta007: 11:16pm On Jun 15, 2023 |
Nonybb: you can not decree exchange rate - it is based on the laws of demand and supply what has Nigeria produced since May 29 to make $1 = N600+ ? Tinubu who said Nigeria should print trillions to pay salaries in 2017 ? i just dey laff ona All this na good face to get him government get legitimacy - once the court says he won fair and square (God forbids) All these thieves will switch to default mode --- stealing and stealing and mismanagement An dog can not learn new tricks - Tinubu is a corrupt thief and nothing good can come from a mandate thief |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by BabaIbo: 11:28pm On Jun 15, 2023 |
KingKO22: Are you normal? What do you mean by OUR? You and who? |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by BabaIbo: 11:31pm On Jun 15, 2023 |
ModCaller: Can you elaborate? |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Mercury12(m): 11:58pm On Jun 15, 2023 |
Ogene001:this is Nigeria. Not anambra. When will u Igbos people have sense!!! |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by BigIyanga: 1:23am On Jun 16, 2023 |
TollinsN:It seems you flunked econs 101.. lol. You’re bereft of hoe things work in real life. |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by LikeAking: 1:44am On Jun 16, 2023 |
Edusouls: What's has he governed in the past 2 week? Calm down. The man na amateur. He know nothing. |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by LikeAking: 1:45am On Jun 16, 2023 |
okuta007: Nigeria the manufacturer plenty things.. It's just the looting and our senseless taste for foriegn goods and foriegn land. |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by okuta007: 6:59am On Jun 16, 2023 |
LikeAking: i so much agree with you - these points you have made must be addressed first with all sincerity and resolved at least by 50% before Tinubu starts pegging exchange rates as if say na kulikuli price him dey negotiate |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by Titogbanski: 9:34am On Jun 16, 2023 |
All this na grammer. Just open up the economy and create the confidence that would make investors bring their money here to invest.... |
Re: Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window by TollinsN: 10:32am On Jun 16, 2023 |
BigIyanga:I can now understand the half baked students are too many. So you only did econs 101, meaning you did that only at 100 level. You now want to be putting mouth in professional matters. Hmmmm |
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