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Nairaland Forum / Nairaland / General / Business / Naira Weakens To 917 Per Dollar - Bloomberg (20844 Views)
Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar / Naira Weakens To 1,233/Dollar At Parallel Market / Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens (2) (3) (4)
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Re: Naira Weakens To 917 Per Dollar - Bloomberg by Yampotatocarrot(m): 12:11pm On Aug 10, 2023 |
Please, aside WEMA bank, which other bank has reinstated international transactions on their naira card? E get why |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by linearity: 12:23pm On Aug 10, 2023 |
Ofunaofu: Chief Economist, What should they have done differently to drag the black market rate to be at par with the official rate? The true and accurate Naira rate is the black market rate, that is the rate determined by the forces of supply and demand. The so-called ‘official rate’ was an artificial one prop-up by Government subsidy to enrich a few persons at the top who get cheap money from government and go sell it. Nigeria problem is endemic and cannot be solved overnight, we gotten into this over many decades and even if you start getting it, it will take years if not decades to dig ourselves out. The first and foremost thing is to totally rid out corruption, introduce public firing squad and zero tolerance on corruption especially on public officials. The trial should just be three months, if you can’t give account of your stewardship, it should be firing squad straight. After establishing that, we should then start looking at good policies. 5 Likes |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Zain007(m): 12:31pm On Aug 10, 2023 |
orohbirodeysmel:Which broker are you making use of for your trades? Thanks |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by ComeToJesus: 12:32pm On Aug 10, 2023 |
Treadway: Tinubunomics is a sham. Buhari, in all his fumbling and wobbling glory, managed to keep things sane. This Tinubull in a china shop is an apology. |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Exceed15: 12:37pm On Aug 10, 2023 |
No APC supporter will know peace. 1 Like 1 Share |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by VeeVeeMyLuv(m): 12:37pm On Aug 10, 2023 |
linearity:Exactly They loot and embezzle billions of naira of public funds and then the next thing is to convert it to dollars that's why dollars is scarce, and dollar has been going up. One of them was recently caught sharing dollars (not naira) in mint cash. We don't know where it was gotten from |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by VeeVeeMyLuv(m): 12:44pm On Aug 10, 2023 |
Zain007:The ish is not broker But how skillful the trader is. I saw the trade too in the early hours of the day morning Asian session 1:00AM to 6AM West African Time. He is certainly a good trader. Though I took trade on another instrument. He knows his onion 1 Like |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by HighTable(m): 12:45pm On Aug 10, 2023 |
Aye and nay 🤣 Tinubu hit the ground and exploded Baba na missile 😅 tesppidd: 1 Like |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by orohbirodeysmel: 12:51pm On Aug 10, 2023 |
Zain007: OctaFX 1 Like |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by wink2015(m): 12:59pm On Aug 10, 2023 |
With the way things are going judging from the poor attitude to governance in Nigeria we are already heading for the =N1,000 TO $1 MARK. NIGERIA LEADERS DO NOT WANT TO FACE AGRICULTURE WITH ALL SERIOUSNESS. INFACT THERE IS NO SERIOUS PROGRAMS TO LAUNCH NIGERIA INTO A MECHANISED SYSTEM OF AGRICULTURE. They see Agriculture as too long term and that before the gains start coming in their tenure will have elapsed. Successive federal government in Nigeria that we have had over the years down to the present Tinubu administration prefer the crude oil money as they feel it brings in fast money. Currently crude oil money ( oil and gas ) can no longer carry the expenditure of Nigeria any longer. Nigeria now needs to focus on Agriculture, Power generation sectors, Solid minerals and the IT and Mobile Phones sectors. Nigeria has a large land mass but most of our agricultural land have been taken over by fulani herdsmen, terrorist and bandits including kidnappers. We can not farm in peace. Any government that ends insecurity now ravaging Nigeria and focus the attention of government towards Agriculture will have the solutions to the falling economy. Most importantly government must curb corruption by the political class and bring the cost of governance to a low level. |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by scally11: 1:00pm On Aug 10, 2023 |
Lemfi is 1£=1160#. Everytime I see this I can't but thank God that I took decision to leave Nigeria last year. For over 15 years ago my friends have been telling me to leave Nigeria and travelled abroad and I kept telling them I believe in this country. When I saw what my friends have achieved and what I could have achieved if I had taken that advise earlier I just drop a tear. Nigeria is finished and buried and until the youth take charge of their destiny then the rot will continue. Immediately I heard the naira has been floated I told my friends back in Nigeria that na next level suffering has been activated. That is because banks will hoard the dollars and pound 5 Likes 1 Share |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by ottersberger(m): 1:03pm On Aug 10, 2023 |
We'll be doing #1300 by december. |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by VeeVeeMyLuv(m): 1:07pm On Aug 10, 2023 |
orohbirodeysmel:Bro you are good Have you exited the trade? It is still going up. Though CPI is coming up 1.30 pm. Better to exit 2 Likes 2 Shares |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Emmaneze: 1:11pm On Aug 10, 2023 |
Treadway:I'll always say this Find a way and earn in dollars |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by orohbirodeysmel: 1:14pm On Aug 10, 2023 |
VeeVeeMyLuv: Am not a bro o🙄✌️ 2 Likes |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by VeeVeeMyLuv(m): 1:17pm On Aug 10, 2023 |
orohbirodeysmel:Wow are you serious? It is rare to find female Forex traders. Really amazing. Nice to meet you. Check this thread: https://www.nairaland.com/7504926/forex-trade-alerts-season-23 1 Like |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by orohbirodeysmel: 1:22pm On Aug 10, 2023 |
VeeVeeMyLuv:Smiles...okay, I will check it up bros |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Correctbet247: 1:23pm On Aug 10, 2023 |
othermen: Nice comment 1 Like 1 Share |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by okoroemeka(m): 1:44pm On Aug 10, 2023 |
Ofunaofu:your analysis is spot on,and the only way to stable the naira is to invest in production of most things we import,invest in power sector to drive industries,good roads,Peter obi summed it when he said Nigeria is not a productive country,that we must move from consumption to production,they think it is about ethnicity,we will see dollar at #1500-2000 naira before tinubu goes |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by XAUBulls: 2:19pm On Aug 10, 2023 |
Treadway:This is the so-called black market rate and NOT the official rate. There is still currency speculation based on a so-called stablecoin or Tether (USDT) going on here... this has to be reigned in to make the Naira stronger. Even the U.S. and several governments are NOT comfortable with this stablecoin whose founders have been found to have been involved in financial infractions and LACK of trasparency before now. => https://www.cnbc.com/2022/05/12/tether-usdt-stablecoin-drops-below-1-peg.html => https://cointelegraph.com/news/which-stablecoins-were-actually-stable-during-this-week-s-sudden-bitcoin-price-crash |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by fxexperts: 2:22pm On Aug 10, 2023 |
AustineE1:Typical of African Jokers, always blaming others for your mistakes and misfortune. Was it world bank that came top vote for Tinubu. was it world bank that shouted Emilokan. you guys shout anyhow. |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by BishopEmmanuel(m): 2:30pm On Aug 10, 2023 |
tesppidd:Anybody wey praise this yeye tinubu again na confirmed oloriburuku oloshi |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Typing: 2:52pm On Aug 10, 2023 |
promise4040: It is stll Obinna, Nnamdi, Emeka, Nkech, Ngozi that still do the crimes in Lagos and Ogin.
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Re: Naira Weakens To 917 Per Dollar - Bloomberg by JasonNOTStatham: 3:03pm On Aug 10, 2023 |
Ofunaofu:I really don't understand how a country can have two exchange rates, regardless of that... Is it possible to undo the unification? even if it's 500 a USD and 1000 a USD each things are expensive. |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by VeeVeeMyLuv(m): 3:25pm On Aug 10, 2023 |
JasonNOTStatham:there is nothing like unification This unification is a big FAT LIE |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by yeshuasfootstep(m): 5:05pm On Aug 10, 2023 |
Hope you're enjoying this. You're crying while they're gloating that their statched dollars are appreciating. After this, talk about religion and ethnicity again while deciding who leads you and I will just know you're irredeemable. For them, the weak has no business with living. |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Revolva(m): 5:07pm On Aug 10, 2023 |
I bought just now 940 per dollar morning ..in black market abonki told me its now 970 dis evening .... They said by saturday morning it make hit 1k per dollar Which way nigeria ...which kind wahala be this 1 Like |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Fedric209: 5:17pm On Aug 10, 2023 |
Cadify.co Has suspended the use of their virtual card , sitting card maintainance.. that is funny ... Once the dollar exchange rate gets to 1000/ 1$....... Then they will their user to make use of the card.. |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Feggie3: 5:25pm On Aug 10, 2023 |
bjdon:You are extremely St*PID!! 2 Likes |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Nobody: 5:54pm On Aug 10, 2023 |
Revolva: |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by ogbe88(m): 6:22pm On Aug 10, 2023 |
Treadway:I forsee an Nzeogwu like coup loading. |
Re: Naira Weakens To 917 Per Dollar - Bloomberg by Feggie3: 7:24pm On Aug 10, 2023 |
Yankee101:Plus increased tax that is still doing press up!! 1 Like |
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