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Nairaland Forum / Nairaland / General / Business / Naira Continues Recovery, Strengthens To ₦950 (34315 Views)
Naira Continues Appreciating Against Dollar, Sell At ₦1,100 / Naira Continues Appreciation Against USD At Forex Market / Naira Continues Free Fall On Official Window, Trades N1482.57/$ (2) (3) (4)
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Re: Naira Continues Recovery, Strengthens To ₦950 by Dubetex96(m): 10:31pm On Nov 03, 2023 |
JagabanB: which people come dey protest for Ogun because of hunger? let me ask again una no dey Ronu again? the hunger never start shaa until the whole SW turn up by that time i go take una serious 2 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by JagabanB: 10:37pm On Nov 03, 2023 |
Dubetex96:People who were protesting could have been saboteurs like urself who didn't vote for Tinubu, did every vote in Ogun State go to Tinubu? The Ióss has removed logic from so many of u. lgb0s are being pummeled by hunger but somehow, u are all billionaires on the internet. 13 Likes 1 Share |
Re: Naira Continues Recovery, Strengthens To ₦950 by lathrowinger: 10:39pm On Nov 03, 2023 |
LeoDeKing: I swear, I like this image, but wait, I hope that's not yesufu? 3 Likes 1 Share |
Re: Naira Continues Recovery, Strengthens To ₦950 by Angelfrost(m): 10:44pm On Nov 03, 2023 |
Borrowing money to subsidize or bolster the nation's currency against a dominant one is poor short-term thinking. If something drastic is not done to enhance the demand for the Naira and weaken or reduce the demand for the Dollar, the next depreciation will be astronomical. 4 Likes 1 Share |
Re: Naira Continues Recovery, Strengthens To ₦950 by oyeb15: 10:44pm On Nov 03, 2023 |
U destroy a well built house and you lay one coach of block in rebuilding it to how u met it. You now say it's progress. 2 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by Blackdisciple(m): 10:45pm On Nov 03, 2023 |
No matter what e don go up e be say e don go up... The mistake was to allow it go up at the first place, what ever fight you will fight never allow the fight to sup in your house cos Na your house go scatter... 4 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by Artiiclebeast: 10:46pm On Nov 03, 2023 |
As the Naira is strengthening in one corner, diesel prices are strengthening on the other... Talk about open and close... Lol 4 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by NaijaCrusader: 10:47pm On Nov 03, 2023 |
Welcome news Those abroad won't like this news but it is the first sign that a new CBN governor is now seat. Kudos to the government they should continue to intensify efforts let it come down to 750 or below please 3 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by Archworld(m): 10:47pm On Nov 03, 2023 |
[quote author=SoNature post=126778284] Source: https://punchng.com/naira-continues-recovery-strengthens-to-n950/[/quote What's the black market rate |
Re: Naira Continues Recovery, Strengthens To ₦950 by darediamond(m): 10:48pm On Nov 03, 2023 |
LeoDeKing:It is paining No One As long as CENTRAL BANK RATE STILL PERSIST. There are 3 types of Foreign Currency Rates In Nigeria namely: 1.) C.B.N Rate 2.) Commercial Banks (Official) Rates 3.) Bureau De Change or Black Market Rate 1 Like |
Re: Naira Continues Recovery, Strengthens To ₦950 by able20(m): 10:48pm On Nov 03, 2023 |
Emilokan Tinubu has taken orders from Buhari his mentor to borrow money and buy dollars. Tinubu's policies are just artificial solution 2 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by grandstar(m): 10:49pm On Nov 03, 2023 |
The government still needs to tighten monetary policy. Once this inflow of dollars is gone, will there be fresh inflows? A loose monetary policy will only increase demand for dollars and discourage inflows. 1 Like |
Re: Naira Continues Recovery, Strengthens To ₦950 by Ykc2(m): 10:51pm On Nov 03, 2023 |
Nothing dey recover tinubu gave banks 6.7 billion dollars 2 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by pocohantas(f): 10:53pm On Nov 03, 2023 |
I noticed it earlier. Doesn't mean prices of goods would drop immediately. This is for people that want to go fight traders. They already bought at $/1300. They have to sell off. Part of the reason it was flying up last 2weeks wasn't organic, but due to demand. Maybe japarians and definitely people that wanted to convert their Naira savings to dollars. Everybody would rest small now. Some would still buy the dip sha. 8 Likes 2 Shares |
Re: Naira Continues Recovery, Strengthens To ₦950 by Adrian9(m): 10:54pm On Nov 03, 2023 |
Earnings in dollars are the best options. 2 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by Omoawoke2(m): 10:56pm On Nov 03, 2023 |
LeoDeKing: I've never seen such masochistic madness in my life. They wish self harm just because they hate their president, they celebrate bad news in the nation 9 Likes 3 Shares |
Re: Naira Continues Recovery, Strengthens To ₦950 by Illegal1(m): 10:57pm On Nov 03, 2023 |
LeoDeKing: omoh..........wetin dis people even do u slf? 1 Like |
Re: Naira Continues Recovery, Strengthens To ₦950 by Sirianese: 10:58pm On Nov 03, 2023 |
SoNature: They paid only the foreigners, for the optics Oyibo get sense pass like that now. Ape-shît still dey dull themself |
Re: Naira Continues Recovery, Strengthens To ₦950 by Illegal1(m): 11:01pm On Nov 03, 2023 |
Ykc2: omoh...........bros abeg make una dey call dis money small small,all dis billions i dey hear,dey make my mind they cut. 1 Like |
Re: Naira Continues Recovery, Strengthens To ₦950 by PoliteActivist: 11:02pm On Nov 03, 2023 |
K |
Re: Naira Continues Recovery, Strengthens To ₦950 by Benwallt(m): 11:03pm On Nov 03, 2023 |
Anything obedients support fail or die prematurely. 6 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by porthouse7(f): 11:06pm On Nov 03, 2023 |
Dubetex96:you ponu 5 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by nymphomaniac(m): 11:07pm On Nov 03, 2023 |
Temporary gain. It will still relapse like our power grid. The economy must be restructured and monetsry policy tightened else the same slump will happen in January, 2024. We are such a dollar loving nation. Phew! 1 Like |
Re: Naira Continues Recovery, Strengthens To ₦950 by Blaze14k: 11:09pm On Nov 03, 2023 |
ElSudani: Obviously we are happy about it.. what good for the is goose is good for the gander. We all want a better country 1 Like |
Re: Naira Continues Recovery, Strengthens To ₦950 by Dubetex96(m): 11:11pm On Nov 03, 2023 |
porthouse7: lmoa i like sending that kind of gift to your father. Ewu Gambia |
Re: Naira Continues Recovery, Strengthens To ₦950 by porthouse7(f): 11:13pm On Nov 03, 2023 |
Dubetex96:ewu Anambra 2 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by Dubetex96(m): 11:13pm On Nov 03, 2023 |
JagabanB: U always like to defend the defenseless I'm not surprised that's typical behavior of Agbado peasants 1 Like |
Re: Naira Continues Recovery, Strengthens To ₦950 by Adolfnigeria: 11:14pm On Nov 03, 2023 |
initial gragra. |
Re: Naira Continues Recovery, Strengthens To ₦950 by Dubetex96(m): 11:14pm On Nov 03, 2023 |
porthouse7: Lmoa lmao e Pain u |
Re: Naira Continues Recovery, Strengthens To ₦950 by ConfidentialDoc: 11:14pm On Nov 03, 2023 |
Good news for a change |
Re: Naira Continues Recovery, Strengthens To ₦950 by kafeii123: 11:15pm On Nov 03, 2023 |
SoNature: its not borrowing..useless emefiele was busy allocating much needed dollars to governors who divert more than half their monthly allocations from FG to Buy/mop up dollars from the real sector....this is majorly responsible for the fx squeeze... Now that Sim Fubara has opened our ogogoro master's wiked yansh......all of them are beginning to sell...at least the roundtripping action will likely stop for now... so expect more dollars in the economy going forward. This will likely because 1. The current CBN head is a Yoruba man and he'll not want to disappoint Tinubu.... plus...we still have a 2nd term to battle for...and even if he wants to do the same ..at least he will have fewer people to dance skelewu for ....so long BAT is behind him...he will only need to cater to BAT himself and very few cronies... unlike emefiele who had no real godfather and as a result .had to cowtow to almost all.the northern governors.. starting from little-man to d gold man...to d Rice man....to the cowman...even to Ashwoman.... That was too much load for anyone to bear...I guess he finally opened up to Efcc about why things really got so bad at the place.while he was thwre 4 Likes |
Re: Naira Continues Recovery, Strengthens To ₦950 by porthouse7(f): 11:15pm On Nov 03, 2023 |
Dubetex96:lolzzzz e pain u |
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