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Nairaland Forum / Nairaland / General / Business / BDC Operators Caution Currency Speculators As Naira Strengthens Further (22032 Views)
Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market / FG Moves To Digitise FX Transactions To Punish Naira Speculators / Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market (2) (3) (4)
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Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Oritna94(m): 7:21am On Nov 04, 2023 |
This is only a temporary measure. Shey the 7billion dollars they borrowed to back the naira will finish? Just give it 2 months highest and we go back to status quo. I pray Nigeria can start producing so as to earn the much needed Forex to back the naira. |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Sportsolutions2(m): 7:21am On Nov 04, 2023 |
In All That You Do, Get Wisdom. Personally, I would love 1 Naira To Be Equal To 1 Dollar. But Mere Wishes Don't Work. If The Government is Not Ready To Begin Utilizing The ENaira Crypto and Other Credible Crypto To Foster Agriculture and Digital Advancement in Nigeria; Things Won't Really Change! No One Knows Who will Win This Price Action Battle. Price can fall back to 500 Naira Per Dollar Or Price can rise to 2,000 Naira Per Dollar. For Now, To Stay Safe - Convert All Your USDT To BTC To Enjoy The Bullish Run. Stay Safe |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by MrBroke(m): 7:21am On Nov 04, 2023 |
We hope it keeps going down to at least N500 or N600 |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Akaegwu(m): 7:22am On Nov 04, 2023 |
Ikaeniyan0:Goat 🐐. Let your agbado government perform the magic. 100 per dollar is what we want. Buhari is now a hero |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Akaegwu(m): 7:22am On Nov 04, 2023 |
MrBroke:keep dreaming |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by popesco123: 7:22am On Nov 04, 2023 |
You are ever cursed for life to remain ibophobia. Ikpu your mum there. quote author=Ikaeniyan0 post=126781919]Hope IPOBdients are buying the deep?[/quote] |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by PHAYOL81: 7:23am On Nov 04, 2023 |
This is the trend we aspire and hope it becomes the new norm |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Whalis: 7:24am On Nov 04, 2023 |
Na japa people dey put pressure on naira nothing more. Until the craze for japa subsidizes naira will continuously to down trend. |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by BeauBragnar11: 7:25am On Nov 04, 2023 |
Ikaeniyan0:"Dip" 1 Like |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Againstallodds: 7:25am On Nov 04, 2023 |
benuejosh:bring it back to 750 that Buhari left it or 200 that Jonathan left it before we can rejoice with you 2 Likes |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by LAW2577: 7:28am On Nov 04, 2023 |
E go shock you, no be Emefiele dey there now. Jashub: |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Chachamiliano: 7:29am On Nov 04, 2023 |
Good development. Good job Mr President. As far as it's continues like this, I will praise the president. Anything negative, I will criticise him as he was the one that begged to be voted for. We didn't drag him there 4 Likes |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by YourKarma: 7:30am On Nov 04, 2023 |
Ikaeniyan0:You go post thread, you go rush to be FTC just to spew crap |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by YourKarma: 7:30am On Nov 04, 2023 |
Chachamiliano:Let them bring back $1 to #216 they met it before they stole power 1 Like |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Princedapace(m): 7:32am On Nov 04, 2023 |
FitCorper:Hahahaha, Nigeria has very low export rate and high import rate, dollar will always be high! 1 Like |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by benuejosh: 7:34am On Nov 04, 2023 |
Againstallodds:By the time the tenure of this administration will end in four years time, dollar will peg at 300 after eight years be sure it will peg at 120/135. 3 Likes |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Againstallodds: 7:36am On Nov 04, 2023 |
benuejosh:ok |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by AbuTwins: 7:40am On Nov 04, 2023 |
Go n buy dollars down! Gbese lẹ ma jẹ! Aamin 4 Likes |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Cool83(m): 7:42am On Nov 04, 2023 |
Jashub:. I don't know why some of you don't want anything good for this country... 8 Likes |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Mitsurugi(m): 7:43am On Nov 04, 2023 |
benuejosh: So some people are happy at the high cost of living just so they can rise Tinubu. Y'all need to understand the meaning of criticism |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Dcoy: 7:43am On Nov 04, 2023 |
Reading through all these comments shows the low intellectual level of many nairalanders.... I use to think nairalanders make some comments because of allegiance and sentiments but now I have realized that they are actually very dumb... |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Teenaira: 7:46am On Nov 04, 2023 |
nnewsnjobs: The reason for the rate increase is because of those warehousing dollars to create artificial scarcity. It is not the demand for dollar. Let them continue, some people will really burn their fingers quite badly. 6 Likes 1 Share |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by gigfx: 7:47am On Nov 04, 2023 |
This is just the result of recent loan collected by this govt, it go soon clear and the north side continue. Govt did not do any meaningful thing at the moment to make naira strengthen in my own understanding ooo. |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Fugazy2023: 7:48am On Nov 04, 2023 |
Ndleabilli: Olodo. Go school you no go. Just making noise on SM and constituting nuisance. Look at the chart below. Hope you can read or look for someone educated to interpret for you. I took the screenshot at past 6 this morning. Looking now, it has further crashed. Bid and ask price is now 996.80 and 968.08 respectively. Olodo 6 Likes 2 Shares
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Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Fearyourcreator: 7:52am On Nov 04, 2023 |
EyeCumInPeace:Tell your brothers to reduce price na ... 4 Likes |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by joe4christ(m): 7:53am On Nov 04, 2023 |
benuejosh: Just shush it already pls. Do you think this is the first time the Naira I'd gaining strong stride against the dollar? The problem is this gain ain't sustainable as a matter of fact it's superficial and will likely crash and worsen. So it's too early to hail the government, you are too quick to congratulating the government when it's barely even a week since this development surfaced. Let's observe till January next year before we can be sure this is near sustainable. |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Fearyourcreator: 7:53am On Nov 04, 2023 |
nnewsnjobs:Hmmmm , |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Myer(m): 7:55am On Nov 04, 2023 |
Ahmed0336: The ignorance of our youths is decriable. Many people are into business and forex and transactions that are killing the Naira every day, yet they are blaming the FG for what they are responsible for. Some are actually ignorant of the consequences od their actions. While some are wickedly profiting off destroying the economy for their selfish gains and agenda. But God is faithful. Karma also comes with receipts. 8 Likes 1 Share |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by Teenaira: 7:57am On Nov 04, 2023 |
gigfx: But government did not do anything to make Naira depreciate astronomically. It is all the handy work of speculators warehousing dollar. After all Nigeria has not embark on any major project requiring significant dollar injection in the last 3 months. 7 Likes 1 Share |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by gotnel: 7:57am On Nov 04, 2023 |
Jashub: You people are enjoying it when things are going bad, but when things are becoming better, you continue to pray for the bad situation to continue. God will not agree with you. 5 Likes |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by joe4christ(m): 8:03am On Nov 04, 2023 |
Dcoy: You just ended up not saying anything. Are you proud of yourself now? 5 Likes |
Re: BDC Operators Caution Currency Speculators As Naira Strengthens Further by DeAnonymousGuy(m): 8:06am On Nov 04, 2023 |
The CBN is only putting in temporary measures. And it may not stand the test of time. The only way to strengthen the Naira is for Nigeria to increase productivity, increase capacity, and become export-oriented. God bless Nigeria 1 Like |
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