Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,509 members, 7,850,761 topics. Date: Wednesday, 05 June 2024 at 08:31 AM |
Nairaland Forum / Nairaland / General / Business / JP Morgan Projects N850/$ By December (25021 Views)
Nigeria’s Official Exchange Rate To Hit N1,068/$ By 2025 – EIU / Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan / JP Ejere's Burial: Omoaefe Ejere Buries His Father (Pictures) (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
JP Morgan Projects N850/$ By December by peekspot(m): 8:05pm On Nov 02, 2023 |
A US multinational financial services firm, JP Morgan, on Wednesday projected that the naira would trade at N850/$ at the Investors’ and Exporters’ Forex window before the end of 2023. https://punchng.com/jp-morgan-projects-n850-by-december/ 6 Likes
|
Re: JP Morgan Projects N850/$ By December by naijaboy756: 8:07pm On Nov 02, 2023 |
Dollar wey Osinbajo, Tinubu and Buhari accuse say e Dey 216. Human beings are truly wicked 165 Likes 12 Shares |
Re: JP Morgan Projects N850/$ By December by SoNature(m): 8:09pm On Nov 02, 2023 |
Yeye projection. I hope this government won't start calling for their head if they project something contrary. 11 Likes 6 Shares |
Re: JP Morgan Projects N850/$ By December by wittywriter: 8:11pm On Nov 02, 2023 |
naijaboy756: To crown the wickedness they recruited online minions to defend their glaring incompetence in governance. naijaboy756: MANNABBQGR1LLS: MANNABBQGR1LLS: phr0nesis: Hezzyluv: AngelicBeing:Excelente Wittyness 33 Likes 4 Shares |
Re: JP Morgan Projects N850/$ By December by successmatters(m): 8:20pm On Nov 02, 2023 |
How much will a plate of food be by then 9 Likes 1 Share |
Re: JP Morgan Projects N850/$ By December by EyeCumInPiss: 8:21pm On Nov 02, 2023 |
Until I see prices of goods and services start dropping, all these remain balablu bulaba projections. Tipper of sand that sold for 37k last Friday, jumped to 40k on Monday. Same with prices of other goods and services. 62 Likes 1 Share |
Re: JP Morgan Projects N850/$ By December by naijaboy756: 8:21pm On Nov 02, 2023 |
wittywriter:dem get mind dey say dollar appreciate to 1k Men without honor Men without value Men with zero integrity 26 Likes 1 Share |
Re: JP Morgan Projects N850/$ By December by CodeTemplar: 8:32pm On Nov 02, 2023 |
I hope so. N500 by Q1 2024 is not bad. 13 Likes 3 Shares |
Re: JP Morgan Projects N850/$ By December by socialmediaman: 8:47pm On Nov 02, 2023 |
Let's test this projection: 1. Price of oil will stay up because of the conflicts in the middle east and eastern europe, which should be an advantage to Nigeria. The problem, however, is that Nigeria has swapped a lot of crude oil for advance payment, so this may not really make much impact 2. After what Buhari did in the last election, a lot of corrupt money will be in USD under lock and key permanently because politicians don't want to go through those problems again, so there will be continued demand pressure on USD 3. Nigeria exports very little and imports a lot, so USD inflow from business exports is not significant enough to drive down demand pressure on USD. 4. International remittances from abroad should ordinarily provide some liquidity, but the internal pressure from businessmen (importers), corrupt politicians, and JAPA people will continue to put demand pressure on the USD 5. USD has been rising against other currencies of the world not just the naira, if that trend continues, why will it crash against the naira? 6. Nigeria is a very corrupt country, policies rarely work, especially coming from a government with disputed legitimacy. Politicians are taking advantage of FX corrupt backdoor deals happening daily in the country, and I don't see this ending anytime soon I think what happening is the usual rise of fall wedges while the currency is on its way up, as shown below Verdict: We believe there is no solid evidence to back the claim that USD will crash against the naira 38 Likes 3 Shares
|
Re: JP Morgan Projects N850/$ By December by Femich18(m): 8:47pm On Nov 02, 2023 |
Ok 1 Like |
Re: JP Morgan Projects N850/$ By December by grandstar(m): 8:47pm On Nov 02, 2023 |
It would be fantastic if it could touch N850. 3 Likes 1 Share |
Re: JP Morgan Projects N850/$ By December by mmsen: 8:48pm On Nov 02, 2023 |
People are still listening to these idiots? When they have been right... 13 Likes |
Re: JP Morgan Projects N850/$ By December by Hezzyluv: 8:48pm On Nov 02, 2023 |
We hope so oo 2 Likes |
Re: JP Morgan Projects N850/$ By December by Blake755: 8:48pm On Nov 02, 2023 |
We want a working Nigeria it's not too bad |
Re: JP Morgan Projects N850/$ By December by Ejyksneh(m): 8:48pm On Nov 02, 2023 |
As long as Ebola Thimbulu remains in Aso rock with his yooroooba head slammers in the head of Nigeria affairs, nothing is going to change. I can bet with my right balls that naira would be 1500 to a dollar by December 2023. It's on record that nothing good can come out from South West and as such, I left my yoroóba girlfriend of 6 years whom I have f#ucked since God knows when. She has been begging me to take her back, but I can't have anything to do with any black looking, tribal mark ridden and watery-peppery soup lover in my life....God forbid! Tueh 13 Likes 2 Shares |
Re: JP Morgan Projects N850/$ By December by Hezzyluv: 8:48pm On Nov 02, 2023 |
naijaboy756: U can say that again. What is so annoying and very pathetic is that, APC zombies are totally attributing it to global economic meltdown looking for one excuse or the other just to buttress why the country is in total mess and pitiable state. O ma se oo O ma se oo 4 Likes |
Re: JP Morgan Projects N850/$ By December by tommy589(m): 8:48pm On Nov 02, 2023 |
Let banks pay naira for over the counter diasporan remittances. CBN should work sharing modalities with banks on the generated Forex 4 Likes |
Re: JP Morgan Projects N850/$ By December by Reelmii: 8:48pm On Nov 02, 2023 |
Na soo |
Re: JP Morgan Projects N850/$ By December by GRACEGLORY: 8:48pm On Nov 02, 2023 |
.... I refuse to lose hope in Nigeria . So, I choose to believe. Contrary to your opinions..., that's your problem. 2 Likes 2 Shares
|
Re: JP Morgan Projects N850/$ By December by delejoye: 8:49pm On Nov 02, 2023 |
It's 650 jor 1 Like |
Re: JP Morgan Projects N850/$ By December by Femich18(m): 8:49pm On Nov 02, 2023 |
naijaboy756: We deserve the kind of leaders we have in this country. Most of the people are hypocrites 6 Likes |
Re: JP Morgan Projects N850/$ By December by Artscollection: 8:49pm On Nov 02, 2023 |
Babe rugged |
Re: JP Morgan Projects N850/$ By December by NaijaCover(m): 8:49pm On Nov 02, 2023 |
No Be Small Thing ooooo 1 Like |
Re: JP Morgan Projects N850/$ By December by oliverwrites: 8:49pm On Nov 02, 2023 |
Some people will not like this news as it is not negative news 3 Likes 1 Share |
Re: JP Morgan Projects N850/$ By December by SeaTrade(m): 8:49pm On Nov 02, 2023 |
Re: JP Morgan Projects N850/$ By December by phr0nesis(m): 8:50pm On Nov 02, 2023 |
CodeTemplar:Till it gets back to where APC met it, I won't be satisfied. Even ₦300 is still bad 14 Likes 2 Shares |
Re: JP Morgan Projects N850/$ By December by MANNABBQGRILLS: 8:50pm On Nov 02, 2023 |
Good news for our economy 4 Likes 4 Shares |
Re: JP Morgan Projects N850/$ By December by MANNABBQGRILLS: 8:50pm On Nov 02, 2023 |
grandstar: True that.... Some enemies of the country, Aka, children of frustrations, perdition and hate will be in severe pains right now. All they want is for dollars $ to go to #2000, So they can start justifying their frustrated and miserable lives. Nigeria 🇳🇬 will be great Whether the evil ones like it or not God bless Nigeria 🇳🇬. We Rise. 7 Likes 5 Shares |
Re: JP Morgan Projects N850/$ By December by lesbiconverter: 8:51pm On Nov 02, 2023 |
2 Likes
|
Re: JP Morgan Projects N850/$ By December by MANNABBQGRILLS: 8:52pm On Nov 02, 2023 |
phr0nesis: 3 Likes 3 Shares
|
Re: JP Morgan Projects N850/$ By December by UnknownT: 8:52pm On Nov 02, 2023 |
Nigerian economy defies all the global economic best practice. You know how many renowned economists the economy has turned to "amateurs" cos all their predictions about it went South JPmorgan will be banking on this and fiammm, a news will come that the idiotss in power want to spend millions in dollars to import luxury for themselves and that will tank the Nigeria 1 Like 1 Share |
Inside Metering Industry In Akwa Ibom State (Photos) / Trademark Registeration In Nigeria (all Your Questions Answered In A Simple Way) / Fire Guts CBN Office In Jos
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 34 |