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Nairaland Forum / Nairaland / General / Business / Naira Weakens To 1,233/Dollar At Parallel Market (11098 Views)
Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar / Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens / Naira Weakens To 917 Per Dollar - Bloomberg (2) (3) (4)
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Ishilove: 8:37am On Dec 26, 2023 |
So what else is new? 3 Likes 1 Share |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by coleon(m): 8:37am On Dec 26, 2023 |
lexy2014:Are you not aware that majority of Nigerians are foolish? They believe any lies being churned out to them by politicians or their pastors. This forex lie is the same lie they sold on subsidy removal, that it only benefits the rich whereas the major beneficiaries of subsidy is the common man on the streeta who enjoys cheap fuel and reduced transportation costs which also keep prices of goods and services low. But how the government used propaganda to make some idiots believe subsidy only benefits the rich is what I don't understand, today that the subsidy has been removed ask yourself if you have fared better and how it has impacted you positively. It's the same narrative for the dollar, with pegging of the exchange rate in an import dependent economy. The prices of goods being imported whether directly or indirectly are kept within our reach and populace can afford it thereby making our purchasing power good. But today there is hyperinflation in the land on every goods and services food, egg,chicken just name it are all dependent on FX but some foolish ones are still saying they are ok because the government has spinned their usual propaganda that it only benefits the rich. Honestly, Nigeria is full of low minded people. What they don't know is that the reverse is the case for the rich and the useless politicians they support, the more the naira depreciates the better the purchasing power of the rich who has stockpiled the dollar already. I also earn in FX and more dollar loses her value the better for me too but I just pity the poor ones who have been reduced to nothing. 2 Likes |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Mosba: 8:39am On Dec 26, 2023 |
$1 to N2,000 Loading............. Expect more Japa next year than this year because there will be Japa to Cameroon, Ghana, Niger Republic and Benin as there will be more youths rushing to the usual destinations too. No one will listen to those speaking with the side of their cheeks that youths should stay and fight for Nigeria. The same people are holding guns and shall kill any youth trying too hard to fight for his right. 1 Like |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Angelfrost(m): 8:42am On Dec 26, 2023 |
Putindbutt: This one just dey speak grammar wey him no even understand. What market forces?!! Let's face reality abeg... As long as the nation is heavily dependent on imports (especially refined fuel), the demand for foreign currency will remain high, and the Naira value will continue to die. You can't deemphasize (whatever this even means) a demand that is outside your control or influence. |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Expanse2020(m): 8:43am On Dec 26, 2023 |
Chispa: How was your idol worshipper yesterday |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Angelfrost(m): 8:49am On Dec 26, 2023 |
coputa: This is what I have been telling these moronic dreamers living on the false hope that Naira will appreciate. |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Switruth: 8:49am On Dec 26, 2023 |
And the CDS say make we no japa…. Say make we fight for the country. 😂😂😂😂 |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Switruth: 8:53am On Dec 26, 2023 |
Chispa:These are the bots that has been bringing Seun down. I no dey hear from them like that again. 😂😂😂😂😂 |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Sermwell(m): 9:04am On Dec 26, 2023 |
JoeEeL:Under a Fulani man, they may just be grumbling!! But under an igbo man, they will migrate to ojota for protest! Awon werey |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Iamzik: 9:06am On Dec 26, 2023 |
coputa: Lol A good economy is not by luck. It's the result of intentional government policy. But APC said it's a party thing na. They convinced foolish Nigerians that PDP was corrupt and if they get power one naira will equal one dollar. After eight years of hopeless governance they again convince very foolish Nigerians that their hope can only be renewed if APC continues. From N216 in 2015 dollar is now N1,233 and APC voters are defending it. Dem go explain taya?😅😅 |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by emorse(m): 9:08am On Dec 26, 2023 |
Putindbutt: |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Revolva(m): 9:09am On Dec 26, 2023 |
callmevirus: Its getting harder and harder and you are here wishing Nigeria not to progress because you dont want a man from another tribe ...shame on all you , the day he becomes president then jakpa to uganda ...oteh |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by callmevirus(m): 9:22am On Dec 26, 2023 |
Revolva: Yes it's getting harder and get more harder if care is not taking, you leave competence and you voted incompetence because of tribalism, now everyone is hearing weeeeeeeeeeei, you'll soon japa to Togo... Oteh |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by JoeEeL(m): 9:22am On Dec 26, 2023 |
Sermwell: Without hypocrisy, gbam, I agree. |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Originalsly: 9:31am On Dec 26, 2023 |
socialmediaman: Ok... fair enough... and what is the current rate?.... few more days to year end? |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Godszilla: 9:36am On Dec 26, 2023 |
coleon: God bless you. The number of dumb people in Nigeria is outrageous,its sickening |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by livebullet(m): 9:47am On Dec 26, 2023 |
SeeWahala: No I think the best blame should be GEJ... Cos we haven't blamed Jonathan enough... If we all join hands n blame Jonathan now.... Nigeria will begin to reap all the good works of Buhari+Tinubu🌝🌝🌝 1 Like |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by ufuosman(m): 10:02am On Dec 26, 2023 |
Baba no send masses |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by Acidosis(m): 11:11am On Dec 26, 2023 |
All projections are in line I sincerely hope that Nigerians are prepared for maximum and unprecedented shege in 2024 sha? Whenever you pray, just make sure you're using the right words like "exemption", "exclusion", etc. As far as Nigeria is concerned, it will NEVER get better, but with the right principles and prayers, one can be excluded to an extent. 2 Likes 1 Share |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by nedekid: 11:55am On Dec 26, 2023 |
michlins:Please tell that halfwit. |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by nairalanda1(m): 11:59am On Dec 26, 2023 |
Basically we are not earning enough dollars for a nation out size. A lot of people believe that we earn enough money. Till they realize that what we spend on the police in one year is not up to one quarter of the NYPD budget for policing just new York...then they go see. Nigeria has always had a weak currency. Like most African countries. We don't earn enough dollars to buffer the naira because we rely on one source of income. Which is why I wonder why people voted for APC over and over again because their promise in 2015 of diversification was not and has not been met. We are a poor nation with plenty of looting and Corruption making matters worse. The power sector and petrol sector are hobbled by subsides which prevent them from growing to a point where they would fuel industrial development. And we keep on relying on oil that is never where we want it, and we have a low tax to gdp ratio and we expect miracle? Nigeria is not going to progress until we indistialize and export manufactured goods. Neither APC or PDP are not going to take us there, neither army rule, because Nigerians prefer their economy the way it is. And they don't want to change it. Better to believe we earn enough dollars. Lol. |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by nairalanda1(m): 12:03pm On Dec 26, 2023 |
michlins: You made a brilliant point, but the cold reality is that Nigeria should be earning above 50 or more trillion annually in naira. Why aren't we doing that? Inefficient government |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by naija1stnigar(m): 12:33pm On Dec 26, 2023 |
Winneepye:when they are United, United they stand, divided they rot in the grave. |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by moodyguy: 12:52pm On Dec 26, 2023 |
Grace001:Omo which platform are u using to cashout....how is METAFORCE? i plan going it |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by moodyguy: 12:55pm On Dec 26, 2023 |
Ykc2:TINUBU shld just arm these villagers. |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by socialmediaman: 1:27pm On Dec 26, 2023 |
Originalsly: A BDC operator in Lagos, Kamarudeen Ibrahim, said, “The naira traded at 1,220/$ a week earlier, but weakened to 1,233/$ by the end of the week.” Rise and fall while on its way up, as earlier predicted. Let’s just face it, nothing much will change from government, it’s all noise no action 1 Like |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by abbey621(m): 2:28pm On Dec 26, 2023 |
callmevirus: You're still deceiving yourself, majority of the people who won the election for Tinubu are not online and most definitely not on Nairaland. Until true opposition is able to reach these people una still DEY PLAY! Good or bad, these people will always pick the candidate that resonates most with them aka empty promises! |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by fortunechy(m): 3:41pm On Dec 26, 2023 |
His guillible tribe men will still defend him... |
Re: Naira Weakens To 1,233/Dollar At Parallel Market by paix(m): 10:57am On Dec 27, 2023 |
I pray it won't get to 5k before 2027. |
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