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Naira Hits Record Low Of N1,348.63 /$1 At The Official Market - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Hits Record Low Of N1,348.63 /$1 At The Official Market (19120 Views)

Naira Hits Record Low Of N1960 /EUR1 At The Black Market / Naira Falls To Record Low Of N1,515 /$1 At The Black Market / Naira Hits All-Time Low Of ₦1,152/$1 In Black Market (2) (3) (4)

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Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Ethanuella: 11:50pm On Jan 29
Hezzyluv:
Aboki sold today at 1,430

I even hear sey #1,700 loaf of bread dey sef cry cry cry
Ha!!!

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by joseph1832(m): 11:56pm On Jan 29
hardon1:

But we don't really export anything aside crude. When I say export, I mean something exported massively that turn in billions into the country, not petty cola nut, bitter kola or cassava flour. And right now, crude is that only commodity
what about Gold, Tin, Copper and other solid minerals?

Corruption is really what kills this country.

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Konquest: 12:05am On Jan 30
Nemere2020:


https://nairametrics.com/2024/01/29/naira-hits-record-low-of-n1348-63-1-at-the-official-market/?amp=1
Sixth time Naira crossed the N1,000/$ threshold.

This latest depreciation marks the sixth time the Naira has breached the N1,000/$ threshold, highlighting a persistent trend of weakness. 

The first instance occurred on Friday, December 8th, 2023, when the currency reached a historical low of N1,099.05 per dollar. This was followed by a brief reprieve before a second depreciation on Thursday, December 28th, 2023, closing at N1,043.09 per dollar. 

These developments represent a significant turning point for the Naira.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Rumundele(m): 12:10am On Jan 30
Oh God

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Nahunger(m): 12:17am On Jan 30
Tntsi:
Despite the release of half a billion us dollars, the naira continues to crash.

I said here few months that even if tinubu hires angels in this land desecrating mandate, nothing good will come out.

With the way it is now, dollar will hit 2000.
It might even cross over to the year figure digits of 2024.

Tinubu is operating on a cursed mandate. His criminal desecrating desperation mandate has brought dearth on the land.

If Tinubu is patriotic, himself and shettima will resign and run away.

Rest, no be every thing you go dey find who to fault, the president is the political head of the country but there are stronger players behind the scenes.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by anonymous1759(m): 12:20am On Jan 30
Before weekend naira will bounce back, $500 m was released today to clear backlogs enemies of Nigeria wants dollar to go back to 1k over night , see the bitterness as comments from page 1-4 I would love this country to be divided let everyone go and develop his region. They praise their leaders to be the best yet they can’t stay there and develop it .

When naira bounces back they’ll still give excuses. Before dec when dollar will crash further you all will go back to your vomit 🤮. No be only cursed mandate na stolen mandate . Because you lost an election people will not hear word again everything will turn to bitterness.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by occfx: 12:22am On Jan 30
Treadway:
Let the shege continue abeg... Na only the strongest and smartest deserves to survive the great Tinubulation. Maybe after hell has razed over, the few wey remain go get the sense and will to push the reset button. Till then....

I am no longer hearing Ronu and political lesson 101. I think we are heading to banza level straight... Let's be watching. At least I am sure nobody will protest for now because, Igbos aren't prepared for any protest. Before March, hell fire banza will be unleashed.

4 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by anonymous1759(m): 12:23am On Jan 30
Bigchristo:
Shege pro max loading, next time una go use una sense select leaders nor be by tribe or religion


Your messiah is part of the people killing the naira with importation rest
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by anonymous1759(m): 12:27am On Jan 30
clems88:
₦2000 fast approaching. Despite that I earn in $$$ I still feel the heat of the high inflation of commodities, talk more of those earning in naira undecided Nigerians Ave themselves to blame , they kept voting bad leaders because of sentiments. Now see where it has landed all of us and I bet that coming election, most people especially the youth will still vote rubbish


Please tell me one good leader that should be voted for with track records? Aside from NOI , aakinwumi Adeshina, Sanusi which other ones ?
Don’t tell me that packaged Agulu man is what you’re clamoring for I’ll rather stay neutral than vote him .
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by bluefilm: 12:28am On Jan 30
Tntsi:
But the consequences just began.

Don't mind that idiot

Him and the rest of them, they will all learn the hard way

2 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Bobloco: 12:30am On Jan 30
anonymous1759:



Please tell me one good leader that should be voted for with track records? Aside from NOI , aakinwumi Adeshina, Sanusi which other ones ?
Don’t tell me that packaged Agulu man is what you’re clamoring for I’ll rather stay neutral than vote him .

Your concern is Peter Obi, While Tinubu is wrecking the country

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Calitoscassius(m): 12:38am On Jan 30
Where are all those fools listening to World bank's kangaroo predictions? grin

I told them that world bank were mocking Naigeria by making them believe that Naigeria's economy is growing..

Anyway, na statistic pesin go chop? Arcoding to Tifnubu.

2 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by anonymous1759(m): 12:40am On Jan 30
Bobloco:


Your concern is Peter Obi, While Tinubu is wrecking the country

My concern is the hate spilled my by OBIDIENTs they’re too toxic , quote me back by Friday or sat if the dollar does not crash by the time the $500 m would’ve gone round . You guys crave for bad news so you can call out Tinubu for how long ?

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by ogolemati: 12:41am On Jan 30
Eriggs:

Will you keep shut there and mechionu.
He should run away and give the position to you obi fraud and terrorist supporter abi?
Wailers and losers

He should run away and give the position to you obi fraud and terrorist supporter abi?
Wailers and losers
grin grin grin grin grin grin in the land of magic the destiny of a great nation rest on the shoulder of a first class criminal,his name is

2 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Blaze14k: 12:41am On Jan 30
anonymous1759:
Before weekend naira will bounce back, $500 m was released today to clear backlogs enemies of Nigeria wants dollar to go back to 1k over night , see the bitterness as comments from page 1-4 I would love this country to be divided let everyone go and develop his region. They praise their leaders to be the best yet they can’t stay there and develop it .

When naira bounces back they’ll still give excuses. Before dec when dollar will crash further you all will go back to your vomit 🤮. No be only cursed mandate na stolen mandate . Because you lost an election people will not hear word again everything will turn to bitterness.

You are clearly the enemy of this country cos u allow this kind of hardship to go on. Do you know the implication of this steady increase to our economy. You are a criminal and it's clear u r not in touch with reality. Crazy people

2 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by wealthyvic1: 12:46am On Jan 30
Blaze14k:
This is really getting annoying what sort of nonsense is this? Is this man being intentionally wicked 😡😡😡

This is just the beginning.
N2024 to a dollar loading

Enjoy
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by TheOgaBoss: 12:53am On Jan 30
anonymous1759:



Please tell me one good leader that should be voted for with track records? Aside from NOI , aakinwumi Adeshina, Sanusi which other ones ?
Don’t tell me that packaged Agulu man is what you’re clamoring for I’ll rather stay neutral than vote him .
how much are u guys receiving to shamelessly come online and spread propaganda for an administration that has obviously failed woefullyy?

5 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by anonymous1759(m): 12:55am On Jan 30
Blaze14k:


You are clearly the enemy of this country cos u allow this kind of hardship to go on. Do you know the implication of this steady increase to our economy. You are a criminal and it's clear u r not in touch with reality. Crazy people


Rest , you’re the real enemy tasty for bad news , how to do expect the naira to gain within 24 hours significantly? Give it time at least 5 working days that’s now normal people behave . Everything is not politics. You Can’t expect naira to go Back to normal at once .

When you try to be rational your likes Will call us evil. Before the end of the year if Dangote, Warri and delta refineries starts selling, and dollar is still up then you can criticize because the pressure on naira will reduce because we buy fuel locally .
I can remember When some of you said Dangote refinery will take two years to work but today you guys have nothing to say . I gain nothing from complaining and being negative I rather stay positive , everybody can’t be bitter like you .

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by anonymous1759(m): 1:02am On Jan 30
TheOgaBoss:
how much are u guys receiving to shamelessly come online and spread propaganda for an administration that has obviously failed woefullyy?


We know your likes, tell me how many ingenious industries your messiah pioneered as a governor?
If I campaign against someone like NOI and Adeshina then I can agree to be biased not for a packaged failure you’re crying about .

The only thing you guys know is to insult single proof you don’t have to back up your candidate. gather what you’ll use to campaign in 2027 emotional blackmails don’t work anymore if BAT fails I rather stay neutral than support a known failure as a governor.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Yankee101: 1:04am On Jan 30
It’s a shame
Tinubu and his team failed out the gate
The UK prime minister Liz Truss resigned not long after swearing in for enacting terrible policies


These ones are entrenching themselves and doing more harm like using 12bn$ oil to pay for 3bn$ loan

5 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Brushstrokes20: 1:08am On Jan 30
Despite 500 million dollars cleared backlog?..
# the more you look, the less you see 👀👀👀👀
The shyyythole from fry pan to fire! 🔥🔥🔥🔥🔥

3 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Konquest: 1:09am On Jan 30
scally11:
Pounds Don pass#1800 on lemfi and taptap. Now to send money to people in naija takes nothing from me. 260k self no pass 150£. All thanks to bulaba
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by newnigerdelta00: 1:09am On Jan 30
Tntsi:
Despite the release of half a billion us dollars, the naira continues to crash.

I said here few months that even if tinubu hires angels in this land desecrating mandate, nothing good will come out.

With the way it is now, dollar will hit 2000.
It might even cross over to the year figure digits of 2024.

Tinubu is operating on a cursed mandate. His criminal desecrating desperation mandate has brought dearth on the land.

If Tinubu is patriotic, himself and shettima will resign and run away.




You are stupid... Tinubu is not the cause of your downfall , dollar rise but yet people are building mansions, your church buying private jets building School with high fees,my Guy go hustle
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by nedekid: 1:49am On Jan 30
.

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Blaze14k: 1:51am On Jan 30
anonymous1759:



Rest , you’re the real enemy tasty for bad news , how to do expect the naira to gain within 24 hours significantly? Give it time at least 5 working days that’s now normal people behave . Everything is not politics. You Can’t expect naira to go Back to normal at once .

When you try to be rational your likes Will call us evil. Before the end of the year if Dangote, Warri and delta refineries starts selling, and dollar is still up then you can criticize because the pressure on naira will reduce because we buy fuel locally .
I can remember When some of you said Dangote refinery will take two years to work but today you guys have nothing to say . I gain nothing from complaining and being negative I rather stay positive , everybody can’t be bitter like you .

Speaking of dangote refinery I started following his ambition when he wanted to build it at ondo state. The problem I have with u guys is that u tried stealing dangote glory through tinubu. For you to actually depend on dangote refinery to start working before the naira can stable shows that tinubu don't know what he is doing. It's a clear case of using makeup on a rough face. My point is without these industries u mentioned tinubu can't run the economy smoothly. And who told you that dollar can come as low as #900 even if those the refineries start working?

Tinubu is trying but his efforts are not good enough. I was really expecting something so spectacular the way u people hyped him buh I wasn't surprised with what I saw when I did my research on him. No matter how he tries to make the country work people around will bring a bad image to his work cos the foundation he created is filled with bribery and corruption. How can he make a man like bagudu minister of budget and economic planner, a low-key criminal, abacha's finsec. Hmm dey play u people are sitting on a time bomb. The music go play when tinubu is done with his 8yrs

Even dangote refinery u are praising is looking buy American oil and u know what that means, he will sale the end product at international rate to you. You guys should do some research and stop living on ignorance
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by pacificom: 1:52am On Jan 30
Our government are so passive in making laws that will affect the influential and the rich citizens, and consequently keeping the masses suffering and chastised to the benefit of the few rich ones in the country. It could have been so pragmatic for the federal government to scap the BDC and disable their association from having sway on the rate and distribution of hard currency, and allow commercial banks to fill the gap. Nigeria is a huge consumer of Dollar and we largely import many things into this country i.e drugs, electronics & computers, certain food items, textiles etc . But we are also a nation known for corruption and that is why their is no honesty in the way BDC operators are handling forex business to the consumers. Also majority of our SME institutions are in the category of importation. If government continue to turn a blinking eye on overhauling dollar distribution, most notably the prices of drugs and foods will keep rising and that will make our already fragile economy to be at risk of collapsing, and kill the prospect of growing the SME which is a key sector In building a strong economy.
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by obaidan: 1:55am On Jan 30
Essentially, approximately 742 dollars makes you a millionaire in Naira
Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by obaidan: 2:02am On Jan 30
clems88:
₦2000 fast approaching. Despite that I earn in $$$ I still feel the heat of the high inflation of commodities, talk more of those earning in naira undecided Nigerians Ave themselves to blame , they kept voting bad leaders because of sentiments. Now see where it has landed all of us and I bet that coming election, most people especially the youth will still vote rubbish
Nigerian voters are very difficult to comprehend, make we no call them dumb, if there's election tomorrow tomorrow like this, this government will still win, the Stockholm Syndrome no be here

3 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by nedekid: 2:21am On Jan 30
.

1 Like

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by nedekid: 2:26am On Jan 30
Konquest:

Sixth time Naira crossed the N1,000/$ threshold.

This latest depreciation marks the sixth time the Naira has breached the N1,000/$ threshold, highlighting a persistent trend of weakness. 

The first instance occurred on Friday, December 8th, 2023, when the currency reached a historical low of N1,099.05 per dollar. This was followed by a brief reprieve before a second depreciation on Thursday, December 28th, 2023, closing at N1,043.09 per dollar. 

These developments represent a significant turning point for the Naira. 
It did testing testing before finally breaching the $1k mark.

1 Like 1 Share

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Honestey: 2:32am On Jan 30
Don't worry FG is seriously working to bring it down to $1 = N1
Cardoso is not sleeping, by tomorrow it will be 1$ = 1N

2 Likes

Re: Naira Hits Record Low Of N1,348.63 /$1 At The Official Market by Tombrown3(m): 2:37am On Jan 30
newnigerdelta00:





You are stupid... Tinubu is not the cause of your downfall , dollar rise but yet people are building mansions, your church buying private jets building School with high fees,my Guy go hustle

Yeah, tell them to go and hustle, they will soon kidnap your mother and sister and demand you pay them in dollars.

You are broke shaming them in a country a minimum wage is 30k and a loaf of bread is 2.5k and bag of rice in the 59k.

Karma is a bitch... Just be watchful.

1 Like

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