Parachoko:
I hope we will see it very soon.

A lot of job still needs to be done

Right now is about #750

760. Leave those fools to be talking trash

Parachoko:
I hope we will see it very soon.

A lot of job still needs to be done

Right now is about #750

It is about availability ooo. It can even go down to 200, but I bet you mean and you cannot access it

uzohrome:
Great news, let support this administration . Nigeria will be great again

We Obidient only care for our brother manhood, our duty is to condemn and always look for error in good things.


oseni Rufai is our leader

Yea because most demands through the banks were artificial meant to round trip the dollar. With no more incentive to round trip, the rates would drop.

ijustdey:


https://www.thecable.ng/naira-to-appreciate-settle-at-n600-1-in-coming-months-says-jp-morgan/amp

Jokers . In coming months Naira will be about 800 to 1 dollars . Pounds sterling is currently 985 to 1 Pounds

When JP Morgan speaks just know u r in trouble

600 in coming months
And here I was thinking it's $600 today na wa ooh 😕

uzohrome:
Great news, let support this administration . Nigeria will be great again

Suppprt what ?it will crash itself if fuel importation stop, stop people from going to useless holyland in Saudi and Israel naira dollar would fall as low as N200, all this floating is just drama nothing more.

Gradually

Parachoko:
I hope we will see it very soon.

A lot of job still needs to be done

Right now is about #750

Bro abeg he get anyway to send money from Nigerian to SA? Exchangers wan use rate finish man.

If this baba tulumbu continues like this I and other obidients will begin to appreciate his government.
I still believe peter obi will one day rule this nation and he will do well.

For now let's support tinubu.. why?

Because you cannot wish evil to happen in your house when an armed robber invades even if you are around or not

uzohrome:
Great news, let support this administration . Nigeria will be great again

I feel like dancing naked... Tinubu courage dey burst my brain

BDC don go....

Godsgift7837:
Bro abeg he get anyway to send money from Nigerian to SA? Exchangers wan use rate finish man.

Go to the bank bro

Though there will be procedures you will need to follow.

Flame333:



I feel like dancing naked... Tinubu courage dey burst my brain

BDC don go....

A lot of them will be run out of business but I don't see them going totally

Flets:
It can only settle at 600 if CBN floods the FX market with cheaper dollars. Unfortunately, nothing has changed with respect to our exports and USD inflow.

Even investors with their FDI will manipulate the market. The FX is now open to the manipulations of speculators and banks while CBN will play catch up without any defined fiscal control

It is like you don't understand the policy. What is "cheap dollars?"

You tinubu's asslickers should desist from dishing out nonsense.Naira hasn't appreciated anything.$1 dollar was #200 before Buhari came in and until it reverses back, nothing has appreciate.

😂😂 APC scam.let wait and see.

EyeCumInPiece:
Make we see am first. Seeing is believing.

Exactly

Bros the US does not necessarily have to do anything about this. Read to understand okay

The basic principle to drop the exchange rate is to flood the FX market with USDs mostly done via Foreign Direct Investment (FDI)

Now these foreign investors must be sure that they can recoup their profits in USD to their own economy to avoid the situation currently faced in the aviation industry. Foreign investors will be closely monitoring the president's economic policies.

tsdarkside:
dollars will loose value....
their is nothing america can do about it than going to war against other nations....

who they wan fight....??
russia is tired of them....china understands their shenanigans now....

who they wan fight....??
africa....??
south america....??

Parachoko:
Go to the bank bro

Though there will be procedures you will need to follow.

Okay thank you.

Can I start using my master card for buy things from outside Nigeria somebody should answer me

APC leaders killed the Naira

The nonsense hype go still clear for their eyes with inflation wey go hit Nigeria

jmoore:


But APC said 216 naira to a dollar is not okay. You are rejoicing that a dollar is expected to trade at 600 naira. Is that not a retrogressive?

Yes, that APC Administration (Buhari) failed and are shameless hypocrites. But at the inception of this new Admin, USD is trading at 765, if they could empower the naira that it closes at 600 to USD, is that not progress? Was it Tinubu that devalued it from 216 - 765?

Godsgift7837:
Okay thank you.

You're welcome boss

airsaylongcome:
Bad market for us remote workers

The headline is misleading.

High 600s is not 600/$.

Yesterday, it closed at 702 at the official I&E window. Intra-day high of 791. Turnover declined from almost $200m to $70m. We're currently producing 1.5m bpd. Our OPEC cap is 1.8m bpd. And there's $12B in unfunded liabilities to be cleared.

I initially believed the unified rate will settle at mid 600s. Now, I expect rates to oscillate at mid 700's.

Not to mention, all of this is contiguous on the global economy not falling into a recession later this year or early next year. Germany has already slipped taking the eurozone with it. New Zealand just slipped. China's recovery is anemic.

Oh, have I mentioned roaring inflation?

In the mid term, dollar earners are safe. I sha moved most of my funds to Naira and I immediately convert most of my earnings that I'm not planning to invest in foreign securities to Naira. The CBN is yet to inject massive funds, so that's the immediate concern. Otherwise, the elevated parallel market rate has been quite resilient.

Lastly, we've been here before. Rates crashed from 520 to 360 before. So a N100 appreciation will not be that painful. I'll just chuck it up as 15% increase in COL. And when the rate appreciates and settles, I'm moving spare change back to $. Because the next upheaval will take rates to 1000. Whether it is recession, oil price collapse, hyperinflation, another pandemic... It does not matter, because Nigeria's economic health is immunocompromised. Any slight shock and the descent will resume.

-Lord

uzohrome:
Great news, let support this administration . Nigeria will be great again

Gr8 news for N600/$?

tesppidd:
600 Naira.?

So also the hype and praise singing is about 600 Naira.


If I don't see it at 300 by the end of this year then Tinubu has failed.

You must be wicked. Like this nau watin you wan make i do my dollar so.

MXrep:

How is this good news?

Ask him oh

helinues:
Another good news

Better Nigeria ahead with Tinubu's presidency

How is it good news? Dollar that buhari pegged at 490 is now 600 and you are saying it's good news. You think Mallam will sell it for 600 to you? Keep dreaming.

Na everybody go collet!

Werey devalued the naira in disguise. Even in his 8 years, the naira can't regain it original value at the official rate (450 - 500 NGN) he met it. Osinwin Eleyan.

tesppidd:
Lol

He promised heaven and earth already.


Did he not know what "Buhari did to this country" before making all those campaign promises?

Anything more than 300 Naira to the dollar, Tinubu has failed.

I've told people,until policies change the lives of common men,then you can say your president has done well...Until then,read a true life stories here
https://vocal.media/humans/shadows-of-manipulation