Naira Shrinks To N1,135/$ At Parallel Market - Business (2)

Naira Shrinks To N1,135/$ At Parallel Market - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Shrinks To N1,135/$ At Parallel Market (20146 Views)

Re: Naira Shrinks To N1,135/$ At Parallel Market by socialmediaman: 8:13am On Nov 09, 2023

Re: Naira Shrinks To N1,135/$ At Parallel Market by luizpippo(m): 8:13am On Nov 09, 2023*

Where is that guy insulting me on Tuesday?

Those making mockery of the #8million guy are now silent.

It is the politicians, CBN officials, Senior bank staff and business that has legit access to dollars at official rates from the govt that supplies the parallel market at least 80% but it is the #8 million guy and those that have less than a 1000 dollars that are the problem in the dust filled brains of this agbados and buharists.

I bet bulaba plug who would be in charge of improving their bullet proof SUVs must have gotten dollars for it by now at official rates and would have sent it twice into the parallel market and given his mentor their cuts.

Basically all APC supporters do not have a working brain.

5 Likes

Re: Naira Shrinks To N1,135/$ At Parallel Market by Etimemy: 8:16am On Nov 09, 2023

All those worked against Good luck Johnathan
government, they are in power today but they have fail

3 Likes

Re: Naira Shrinks To N1,135/$ At Parallel Market by udemzyudex(m): 8:17am On Nov 09, 2023

Lol.. Funny.

Re: Naira Shrinks To N1,135/$ At Parallel Market by AntiMen: 8:18am On Nov 09, 2023

This is just the beginning

Re: Naira Shrinks To N1,135/$ At Parallel Market by Franzinni: 8:18am On Nov 09, 2023

Unah go collect wotowoto ... As long as we keep putting the same old criminals in charge of our future ... We will keep seeing the same old results

See Niger has become the 4th fastest growing economy but we a nation of more than 200 million people with all the resources fathomable, is finding it hard to breathe.... It's very strange

Re: Naira Shrinks To N1,135/$ At Parallel Market by izibili44: 8:19am On Nov 09, 2023

M0H247:

Politician and Yahoo boys are cashing out.

This news gave me joy, abeg Zabira and Apex should not change rate oo

Go and learn profitable business

Exporters are cashing out

Freelancer are cashing out

.

Re: Naira Shrinks To N1,135/$ At Parallel Market by FRANKOSKI(m): 8:21am On Nov 09, 2023

NSOGBU DI ! In chiwetalu Agu's voice..

Re: Naira Shrinks To N1,135/$ At Parallel Market by Blitzking: 8:23am On Nov 09, 2023

When I was rejoicing for ppl earning in naira...now value ti ku waso.

Re: Naira Shrinks To N1,135/$ At Parallel Market by Abrah20: 8:23am On Nov 09, 2023

Wittysmith:
You are praying that the Naira keeps depreciating because of your little gains. Na was oh!

Point of correction, the gain is not little.

3 Likes

Re: Naira Shrinks To N1,135/$ At Parallel Market by VeeVeeMyLuv(f): 8:23am On Nov 09, 2023

treesun:
Government should allow Naira to dollar card transactions by banks, it will ease the
high demand on dollar. Instead of allowing bureau de change to control narratives!

It is the same Government and banks that are giving the scarce Forex to the BDCs thereby allowing same BDCs to control the narratives.

In some countries everyone involved in this treasonable actions would have long been executed by capital punishment.

2 Likes

Re: Naira Shrinks To N1,135/$ At Parallel Market by lexy2014: 8:23am On Nov 09, 2023

treesun:
Government should allow Naira to dollar card transactions by banks, it will ease the
high demand on dollar. Instead of allowing bureau de change to control narratives!

do you know why they cancelled naira to dollar transaction in the first place?

Re: Naira Shrinks To N1,135/$ At Parallel Market by Godsongang: 8:23am On Nov 09, 2023

Make naira just enter 2k before the end of this week, gbam latest odowgu in town don show bi that, my village people go collect rice and other things for Xmas and bye bye to Lagos.

Re: Naira Shrinks To N1,135/$ At Parallel Market by eteebanky1: 8:25am On Nov 09, 2023

Stupid citizens are the ones sabotaging this economy

You dy hoard Dollars and you expect our local currency not to shrink

Na Ogun go kill you

Those stupid fintech apps selling dollars joy knows no bound now, their prayers na make naira continue to shrink

1 Like

Re: Naira Shrinks To N1,135/$ At Parallel Market by Bigchristo: 8:25am On Nov 09, 2023

ogododo:
https://www.thecable.ng/naira-shrinks-to-n1135-at-parallel-market/

They thought running a country is based on political propaganda, anybody still believing this government is just wasting his or her time

1 Like 1 Share

Re: Naira Shrinks To N1,135/$ At Parallel Market by YoungBlackRico(m): 8:25am On Nov 09, 2023

M0H247:

This news gave me joy, abeg Zabira and Apex should not change rate oo

Go and learn profitable business

Exporters are cashing out

Freelancer are cashing out

People who should be trying to make money in Dollars are lazying about on Nairaland lamenting

.

Hi, can one trade btc on Zabira too? Which is better? I currently use Apex

Re: Naira Shrinks To N1,135/$ At Parallel Market by CooldipoMPS: 8:25am On Nov 09, 2023

Re: Naira Shrinks To N1,135/$ At Parallel Market by lexy2014: 8:26am On Nov 09, 2023

Wittysmith:
You are praying that the Naira keeps depreciating because of your little gains. Na was oh!

is it his prayer that is responsible for the depreciation of the naira against the dollar?

4 Likes

Re: Naira Shrinks To N1,135/$ At Parallel Market by VeeVeeMyLuv(f): 8:27am On Nov 09, 2023

eteebanky1:
Stupid citizens are the ones sabotaging this economy

You dy hoard Dollars and you expect our local currency not to shrink

Na Ogun go kill you

Those stupid fintech apps selling dollars joy knows no bound now, their prayers na make naira continue to shrink

It is the same Government and banks that are carrying the scarce Forex to the BDCs thereby allowing same BDCs to control the narratives.

1 Like

Re: Naira Shrinks To N1,135/$ At Parallel Market by wirinet(m): 8:29am On Nov 09, 2023

gasparpisciotta:
Only but a few are smiling.

PBAT promised a credit driven economy. He should encourage Banks to give credit out of their humongous profits

Credit for what exactly? Credit for local manufacturing and agriculture or Credit for consuming imported products? How will the Credit be paid back, if not used for production and investments?

2 Likes

Re: Naira Shrinks To N1,135/$ At Parallel Market by MindOnMatters00(m): 8:30am On Nov 09, 2023

treesun:
Government should allow Naira to dollar card transactions by banks, it will ease the
high demand on dollar. Instead of allowing bureau de change to control narratives!

Not just allow it but increase the limits, still they wouldn't do it cos they are scared of their own likes.

The naira will go nowhere unless the BDC's are controlled instead of them controlling the price market.

Re: Naira Shrinks To N1,135/$ At Parallel Market by MindOnMatters00(m): 8:31am On Nov 09, 2023

lexy2014:
is it his prayer that is responsible for the depreciation of the naira against the dollar?

Help me ask him?

Re: Naira Shrinks To N1,135/$ At Parallel Market by ACRI: 8:31am On Nov 09, 2023

The idiots celebrating this are betting against their country....your kids/ future kids will pay for it if you don't stop.

Americans don't bet against their currency by storing up foreign currency like pounds sterling

All of you have been mad doing this are crazy irredeemable people....

We need a millitary style leadership from PBAT, he needs to take drastic actions against UNPATRIOTIC elements, the act should be treasonable and people jailed for it !!!!

Re: Naira Shrinks To N1,135/$ At Parallel Market by yahoodetector: 8:32am On Nov 09, 2023

BrodaBenad:
Propaganda doesn't run a government

Yorubas are the most overated people in Nigeria no cap. this administration will prove it

Technocrats my ass

Very overated!

If you are looking for financial, technical, political and bureaucratic advice, do exactly the opposite of what a yoruba person tells you or you will sink.

I take Hausas more seriously.

4 Likes

Re: Naira Shrinks To N1,135/$ At Parallel Market by Blaze14k: 8:32am On Nov 09, 2023

M0H247:

This news gave me joy, abeg Zabira and Apex should not change rate oo

Go and learn profitable business

Exporters are cashing out

Freelancer are cashing out

People who should be trying to make money in Dollars are lazying about on Nairaland lamenting

.

You are a blatant fool idiot..

Re: Naira Shrinks To N1,135/$ At Parallel Market by wirinet(m): 8:32am On Nov 09, 2023

VeeVeeMyLuv:
It is the same Government and banks that are carrying the scarce Forex to the BDCs thereby allowing same BDCs to control the narratives.

If na yo nko? Would you rather sell at official rate of 700 instead of black market rate of N1150? Shebi, the government is promoting free market, thereby allowing the naira find its market value?

Re: Naira Shrinks To N1,135/$ At Parallel Market by Leebeedo(m): 8:34am On Nov 09, 2023

treesun:
Government should allow Naira to dollar card transactions by banks, it will ease the
high demand on dollar. Instead of allowing bureau de change to control narratives!

You can't give what you don't have and that's y the dollar is scarce hence it's high value

Re: Naira Shrinks To N1,135/$ At Parallel Market by ShootThemAll(m): 8:36am On Nov 09, 2023

Thiefnubuuu has NOTHING to offer, he is here on a looting spree and thinking he can use media propaganda to strengthen Naira, paying JP Morgan to say rubbish, mumu, keep on playing and deceiving your gullible 50k per month social media ra*ts like freestuffsng.

#NigerianYouthRiseUp&Protest

3 Likes

Re: Naira Shrinks To N1,135/$ At Parallel Market by YouAreNobody: 8:37am On Nov 09, 2023

Na waa o, this is bad.
APC should learn that propaganda isn't what'll improve this country

Re: Naira Shrinks To N1,135/$ At Parallel Market by samsard(m): 8:38am On Nov 09, 2023

yahoodetector:
When I said it last week that the Naira will definitely fall further, these jokers (samsard and Trojan8) were busy arguing and saying I am not an investor.

APC Government is very predictable and anyone waiting for anything positive from them is living in Utopia.

I have shored up dollars and waiting for N2000+

Would have shored up more only say dollars scarce now apart from passive online income.

Athena6...hope you are seeing this?

US dollar rate drops in December due to abroad people coming and bringing FX, less spent on imports during holidays and crypto sell off to celebrate the holidays. The only reason it could be higher in the coming December versus previous month's would be speculators.

2 Likes

Re: Naira Shrinks To N1,135/$ At Parallel Market by wirinet(m): 8:39am On Nov 09, 2023

MindOnMatters00:
Not just allow it but increase the limits, still they wouldn't do it cos they are scared of their own likes.

The naira will go nowhere unless the BDC's are controlled instead of them controlling the price market.

All these suggestions are chasing shadows while leaving the substance. The real issue is demand for dollars to import most of our consumables instead of local production and exports.
The government has discouraged exports through various bottlenecks, corruption, lack of infrastructure and basically lack of interest in improving Nigeria's productive base. To exprot anything nowadays is a herculean task. The cost and bottle necks are outrageous.

The Naira will continue to fall until something gives. Either poverty will unite us and then lead to a major revolution or a major conflict will break the country into pieces.

2 Likes 1 Share

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