Naira Trades At ₦1,520 Per Dollar - Business (2)

Naira Trades At ₦1,520 Per Dollar - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Trades At ₦1,520 Per Dollar (28581 Views)

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Re: Naira Trades At ₦1,520 Per Dollar by ifytrik(m): 2:56pm On Jan 31, 2024

Dialpad:
This is getting serious, some people said it will hit 2000, I thought it was a joke.

Re: Naira Trades At ₦1,520 Per Dollar by SenatePresdo(m): 2:56pm On Jan 31, 2024

Abeg make e reach 5k, na the kind good news wey i dey like be that, because that's what Tinubu wants grin

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by Ignoramus: 2:56pm On Jan 31, 2024

At times like this my late father would simply say, "Nigeria we hail thee"

Re: Naira Trades At ₦1,520 Per Dollar by abhosts(m): 2:57pm On Jan 31, 2024

Fighting tooth and nail for power simply for the sake of power.

12 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by SisterAnn(f): 2:57pm On Jan 31, 2024

Throwback:
Ok

Throwback, this una mandate na cursed mandate walahi.

17 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by Devil1Messenger: 2:57pm On Jan 31, 2024

Nemere2020:
https://gazettengr.com/tinubus-monetary-policy-plunges-naira-to-n1520-per-dollar/

We are heading Zimbabwe way🤣🤣
We warned them but tribalism and religion sentiments overpowered their brain

16 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by Tareq1105: 2:58pm On Jan 31, 2024

Nemere2020:
https://gazettengr.com/tinubus-monetary-policy-plunges-naira-to-n1520-per-dollar/

Lala trupu, ile lon bo.

I pity those trading in dollars bcuz they would suffer very soon.

Re: Naira Trades At ₦1,520 Per Dollar by Indispensable85(m): 2:58pm On Jan 31, 2024

Otilo

Re: Naira Trades At ₦1,520 Per Dollar by tefund(m): 2:58pm On Jan 31, 2024

Just the beginning.

Re: Naira Trades At ₦1,520 Per Dollar by omenka1: 2:58pm On Jan 31, 2024*

We are finished
Can we survive this great Tinubulations huh

Where are the people that are standing gidigba on this rotten manhood.
I hope they can explain, cos evidence dey everywhere ooo

3 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by bnanny: 2:59pm On Jan 31, 2024

This man doesn't know how to run government to prospect instead he just run down the little remains he met after Buhari disastrous 8 years of punishing Nigeria.
Black can't rule is true but this Apc government are vampires, block suckers pretending to be humans.

12 Likes 3 Shares

Re: Naira Trades At ₦1,520 Per Dollar by Coronavirus1: 2:59pm On Jan 31, 2024

Naira end up in 5k to 1 $ by December

Re: Naira Trades At ₦1,520 Per Dollar by hammer567: 2:59pm On Jan 31, 2024*

WE TOLD DEM, IT WILL REACH $2000, THEY THOUGHT IT WAS A JOKE.

APC

3 Likes

Re: Naira Trades At ₦1,520 Per Dollar by vastolord4(m): 2:59pm On Jan 31, 2024

Olachase:
are we sure Dangote refinery will work like this

life go don tire that man where he day like this, Buhari and Emefele did this man wetin no good

Your still calling out the past administration? If so, start form the colonial era

3 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by DEMANDRED: 3:00pm On Jan 31, 2024

1900 now

Re: Naira Trades At ₦1,520 Per Dollar by bayelsaowei(m): 3:01pm On Jan 31, 2024

GanagiBitrus:

Some people who saw everything wrong with $1=₦ 216,
are seeing nothing wrong with $1=₦1,500

this picture tells a lot...it is sad...

Meanwhile the other day we watched osibanjo shining teeth on his book release, alongside buhari. Choas everywhere..

8 Likes

Re: Naira Trades At ₦1,520 Per Dollar by pipnator00(m): 3:03pm On Jan 31, 2024

It's actually not surprising that it hit over NGN1500 this week. Last week when it was trading around NGN1400, I commented it was going to hit NGN1500 before the end of this week. Below is a screenshot of my comment last week.

I will only be surprised it is fails to hit over NGN2500 before the end of this year (2024). I hate making these predictions but when you watch all economic indices and how our govt is still playing to the gallery just like the past administration, you cant help but know it will get worse and will likely not gonna get better if the govt doesn't change course!

Naira to hit NGN2500 before the end of 2024!

8 Likes 2 Shares

Re: Naira Trades At ₦1,520 Per Dollar by Olachase(m): 3:03pm On Jan 31, 2024

vastolord4:
Your still calling out the past administration? If so, start form the colonial era

even if 1doller = 400 naira Dangote might still sale his fuel 1000 that man no send us

Re: Naira Trades At ₦1,520 Per Dollar by accountantben: 3:03pm On Jan 31, 2024

It's Tinubu and his cabinet not aware of this trend? Pls someone should call his attention cos this man is sleeping .

Re: Naira Trades At ₦1,520 Per Dollar by Afrobasic(m): 3:03pm On Jan 31, 2024

GanagiBitrus:

Some people who saw everything wrong with $1=₦ 216,
are seeing nothing wrong with $1=₦1,500

Very f00lish people smh.

6 Likes

Re: Naira Trades At ₦1,520 Per Dollar by Geovanni412(m): 3:03pm On Jan 31, 2024

HajiMT:
The government needs to arrest this situation before it degenerates to a full-blown crisis.

We know the game

Govt will bring it down to around 1200-1300

You will hear news that they have arrested some BDC people in Abuja and Kano

Then in two months time, we will see 1800

12 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by Image123(m): 3:04pm On Jan 31, 2024

The official rate better follow it immediately, since they don't know how to control black market. Make the two craze together.

4 Likes

Re: Naira Trades At ₦1,520 Per Dollar by sirpharrell(m): 3:04pm On Jan 31, 2024

It is obvious that the recent steep decline in the value of the naira is not due to any proven economic factor.
It is artificial, mainly due to speculations by Nigerians.
I think the government should not intervene but ensure that there is little or no room for arbitrage as they seem to be doing lately.
Let the naira even fall down to 10,000 to the dollar if that is what the currency speculators want.
The market will naturally get to a bursting limit, like all ponzi schemes are bound to, where late entrants will lose heavily.
There is no difference between ponzi and what they are doing now.

6 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by JasonScoolari: 3:05pm On Jan 31, 2024

Fergie001, hope you're learning some lessons? grin

Ten Hag tenure come better pass Tinubu. 😂

1 Like

Re: Naira Trades At ₦1,520 Per Dollar by Jozibrainz100: 3:05pm On Jan 31, 2024

For God sake!!! What is going on in this country?

5 Likes

Re: Naira Trades At ₦1,520 Per Dollar by StemCellTherapi(m): 3:05pm On Jan 31, 2024

As dollar is increasing, I need a good fearing somebody in USA or UK to send me dollars.

Like say $30 let me do Passport cos this country don tire me.

3 Likes 2 Shares

Re: Naira Trades At ₦1,520 Per Dollar by Afrobasic(m): 3:05pm On Jan 31, 2024

accountantben:
It's Tinubu and his cabinet not aware of this trend? Pls someone should call his attention cos this man is sleeping .

Oga dey France dey relax, and he does not give a flying F!

Emilokan has gotten what he wanted (presidency) nothing else matters.

10 Likes 1 Share

Re: Naira Trades At ₦1,520 Per Dollar by Boondocxs(f): 3:06pm On Jan 31, 2024

Throwback:
Tinubu made it clear that the dollar should trade for whatever value those who are demanding it are willing to pay for it.

The question then is why are Nigerians so concerned about the naira value of the dollar?

The exchange rate is not a value of our local economy.

We were never a bigger economy than the USA when our Naira traded higher to a dollar on the 1960s and 1970s.

The UK is not a bigger economy than the USA despite the exchange rate between the British Pound and the US Dollar.

The government should focus on our local economy and achieving local sustenance, and ignore the exchange rate speculators.

As long as the average Nigerian can get all their needs and have enough left for savings and investments for the future, the exchange rate would be nothing but a number, just as it was when we had a higher exchange rate but a poorer economy compared to the US economy.

Are you not ashamed of your self
Minimum wage is 33k is that amount enough to feed for a month talk more of savings and investment
How long will you keep lying to yourself

39 Likes 2 Shares

Re: Naira Trades At ₦1,520 Per Dollar by Tareq1105: 3:06pm On Jan 31, 2024

brunobaba:
Tilumbu change.

Let anything happen, Tinubu would not be involved in spending $1.5b monthly just to hold the Naira from falling.

It would get to a point that nobody would buy and that's when it would start to rise. Speculators should continue to buy and keep. The day will soon break.

3 Likes 2 Shares

Re: Naira Trades At ₦1,520 Per Dollar by bentenny(m): 3:06pm On Jan 31, 2024

Agbadorians and atikulators plus Reno Omockery students will avoid this thread as if there is COVID inside!
But once they see Obi thread,they rush to comment!
Yeye😛😛

9 Likes

Re: Naira Trades At ₦1,520 Per Dollar by fergie001: 3:07pm On Jan 31, 2024

JasonScoolari:
Fergie0.01, hope you're learning some lessons?

Ten Hag tenure come better pass Tinubu. 😂

4 Likes

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