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Nairaland Forum / Nairaland / General / Business / Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window (33512 Views)
Naira Appreciates To ₦1,280/$ At Parallel Market / Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window / Forex Transactions On Investors & Exporters Window Hit $7.62bn (2) (3) (4)
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Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by sukkot: 8:51pm On Jun 20, 2023 |
iCauseTrouble:You sold naira or you bought dollars ? |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by JuanDeDios: 8:52pm On Jun 20, 2023 |
LordAdam16:Bolded is a true and fair narrative? Or you're being unfair like the Seun you're purporting to address his unfairness? Or I'm the one being unfair by asking you these questions? Landers judge. |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by nextstep(m): 8:53pm On Jun 20, 2023 |
sukkot: Are these not the same thing? (just curious since you can't buy dollar without selling naira)... |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by sogodihno: 8:56pm On Jun 20, 2023 |
LordAdam16: Goodnews they purge you, if e pain you, ho hang yourself |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by sukkot: 8:59pm On Jun 20, 2023 |
nextstep:so if i buy bread and give them naira payment that means i am selling naira lol |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Saintinoo(m): 9:00pm On Jun 20, 2023 |
Seun: So we should be happy that naira is now 750 naira to a dollar? What nonsense. |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by didymario7(m): 9:04pm On Jun 20, 2023 |
abbey621: There are over 41 items that cannot access $$ through official channels. The black market will continue to have value. 2 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by abbey621(m): 9:10pm On Jun 20, 2023 |
didymario7: Yes but its value should not be comparable to the main market.....At a point the black market was doing more business than official market which is plain unacceptable! |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by nextstep(m): 9:11pm On Jun 20, 2023 |
sukkot: Yes, what else are you doing? You're not just giving, without an exchange (that would be gifting), you're selling what you have to get what you want, whether its bread or dollar. But I may be wrong in my understanding... |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by didymario7(m): 9:13pm On Jun 20, 2023 |
abbey621: Lies, big fat lies. The black market has never done anything close to the official channels. Bring your sources. |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by article1: 9:15pm On Jun 20, 2023 |
YoungLionken:Fool, I'm contented with the little I have. I don't live a fake life like you're living.... slowpoke |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Agbegbaorogboye: 9:22pm On Jun 20, 2023 |
abbey621:How is 600 better than 460 |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by FreedomArmy: 9:25pm On Jun 20, 2023 |
LordAdam16:no loud am o before they will call you Igbo and ipob |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Smartguyboy(m): 9:25pm On Jun 20, 2023 |
LordAdam16: Just imagine if Seun is an Igbo man and his posting this? So anyone that doesn’t support the suffer the citizens are suffering now is an enemy to Mr President? |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by abbey621(m): 9:28pm On Jun 20, 2023 |
Agbegbaorogboye: 460 was artificial suppression, not the real value of Naira, this new rate reflects a stable market and allows less dependence on black market. The goal is to eventually allow the market to dictate most of the Naira's value instead of the government. 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by mediclife1987(m): 9:30pm On Jun 20, 2023 |
seborrhic: Even abokis would no longer be able to get it at the bank rate they previously got it before sef. This makes me really wonder how they'll make their profit as bureau de change 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by abbey621(m): 9:31pm On Jun 20, 2023 |
didymario7: Have you handled 100,000 dollars before.....Basically walk into your bank and tried to withdraw 100k dollars? Maybe that's too rich for your blood, how about 10k dollars? Those of us wey dey handle that type of money know the response the banks gave, from no cash available to CBN restrictions. This resulted in most of us patronizing black market for our businesses. Before you shout lies, ask your friends, boss, mentors etc where they source their dollars from! |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Basicend: 9:33pm On Jun 20, 2023 |
ZUKKYY: Leave them. . Fools. . |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by VeeVeeMyLuv(m): 9:33pm On Jun 20, 2023 |
didymario7:They said no more black market |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Basicend: 9:37pm On Jun 20, 2023 |
abbey621: Tinubu is a clown. . He is rushing everything without creating an enabling base to Cushing the effects. He has removed govt responsibility on FX, electricity, PMS, and even education. . So what is his govt going to do to help the heavily suffering masses? Same game. . Different dimension in my opinion. |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by VeeVeeMyLuv(m): 9:40pm On Jun 20, 2023 |
Even This NTA newscaster just stated that "the naira has been strengthened" How comes? |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Basicend: 9:40pm On Jun 20, 2023 |
Saintinoo: They are clowns that don't use their brain to think anymore. . So sad. . If Tinubu pee . . Na God don come down be dat. . |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by NOwazobia: 9:42pm On Jun 20, 2023 |
Hope Seun take this nonsense to tweeter, make dem teach am small lesson, as ona no kon get shame for this country. It was reported some days ago that it appreciated to 640 per $1, but somehow it is appreciate from 770 to 756 $1... Propaganda always has a way of disgracing the reporter on the medium to longrun. Everything has gotten worse than when Buhari came since Tinubu was sworn in... Continue... 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by MoneyMustBMade(m): 9:53pm On Jun 20, 2023 |
oneman2k7: I was confused when I saw the news last week Apc with lie is like 5&6 |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Agbegbaorogboye: 9:59pm On Jun 20, 2023 |
abbey621:Well, I think it's idealistic to believe the govt will have zero influence on the Naira. The problem is we seem to be moving from one extreme to another. From hardcore socialist to hard-core capitalism. But even in capitalism, the CBN still plays a major role in Naira stability as it is given in its enabling laws. So i think the present plan is just to open up the economy to investors with easy catches for quick profits such as free market but at the expense of the disposable income of most Nigerians and their cost of living as well. It's a conflict between textbook economics and real, practical economics |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by 4TFK: 10:00pm On Jun 20, 2023 |
MilesLamar:you have no mandate. Get this into your head |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by abbey621(m): 10:02pm On Jun 20, 2023 |
Basicend: You're obviously joking......What exactly are you cushioning? We've all been crying about CBN's nonsense Naira policies, we've all been angered by the subsidy scam yet you want him to wait for what exactly? Perhaps another 200 billion from China in order to keep fuel at less than 200 Naira is what you meant? |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by abbey621(m): 10:04pm On Jun 20, 2023 |
Agbegbaorogboye: Notice the word I used....'MOST'......The market should mostly dictate Naira's value with the government stepping in only at the extremes such as high inflation or unemployment. You're right about policies but those policies should not hinder the free market! |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by cucumbar: 10:20pm On Jun 20, 2023 |
nextstep:you APC and Tinubu supporters don’t get tired of these your useless stupid analysis. You gave several analysis for 8 years while things got out of hand. You have started again with your rubbish analysis of it will go up and come down. It will never be well with you and your kind that support evil. |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Agbegbaorogboye: 10:35pm On Jun 20, 2023 |
abbey621:Don't you think 22% inflation MoM and over 18% YoY is high enough for intervention? The Afcfta and ecowas single currency framework pegs inflation rate for each participating country at 9% Our unemployment is close to 40% which is critical for any economy. So while free market is theoretically desirable, Nigeria's fundamentals presently does not support it. Tinubu's team are only looking at fdi Fdi can save an economy but can also turn an economy to dumping ground. What makes market virile is a viable middle class with appreciable purchasing power. 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by yankison(m): 10:47pm On Jun 20, 2023 |
Lemos14: The seun sef is just a kind of bought over hypocrite jor ... He supports most of the things that are not meant to be supported . |
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