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Naira Continues Free Fall On Official Window, Trades N1482.57/$ - Business (6) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Continues Free Fall On Official Window, Trades N1482.57/$ (14244 Views)

Naira Falls At Parallel Market, Appreciates In Official Window / Naira Continues Free Fall, Depreciates By 11% To N927.19/$ At Official Market / Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ (2) (3) (4)

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Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by oyeleyemaureen(m): 12:11pm On Jan 31
Lol. And we had someone like keyamo and other silly lots laughing like an slowpoke just to prove a stupid allegiance cos of what enters their pockets. Crazy lots

1 Like

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Beuberry(f): 12:12pm On Jan 31
JasonScoolari:
You vote your choice or you vote cos of tribal and religious sentiments..... Clown 🤡


Don't come under my comment to flatter me and tell me you don't like what's going on in the government, that's hypocrisy chapter 4 vs 4


Move ahead, hypocrite grin
As you can see, I v moved ahead.
I voted who I feel is better. It's not today that you ll pick your choice and the person may not perform well. Tell me if you didn't vote GEJ in 2011. You dz lying hypocrite.
Meanwhile hear a truth you v not heard before.
In the past, they ll say a particular tribe should ronu. That they are fond of betraying themselves. Bots like you dished many propaganda about Tinubu left, right & centre. Majority of them ignored and supported their own. Yet you are in pains. If they had betrayed Tinubu & supported Hoebee aka Obi blindly, you ll be ejaculating o! And if they supported Atiku aka Atiku, you ll say they are northern slaves.
Now that they v passed a message that they can be mean when they want to be mean, you dey cry upandan! Didn't majority of Obi's tribe vote Obi or majority of Atiku's tribe vote Atiku? Kii wa lon fa igbe ekun e?
Now that Tinubu's there, it's their choice if he performed well or not. But you see that 2027, you ll be peppered again if you aren't humble!

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Matix222: 12:20pm On Jan 31
9ja is is so hard now for the common man to survive now 🤦🤦
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by yusman493(m): 12:32pm On Jan 31
Okoroawusa:
I Love Bola Ahmed Tinubu. If dollar like let it be 10k
Oloribu ni e

1 Like 1 Share

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by 3lami: 12:42pm On Jan 31
You expect a rotten criminal head to perform magic on a stolen Mandate , you cannot manage what is not yours .

2 Likes

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Babangidapikin: 12:43pm On Jan 31
what is the black market rate ..as long as you don't give room for arbitrage opportunities it okay .. I also think the bureau de change should be heavily regulated .. Transaction above $1000 should come with a Passport or National Id requirement as well as feedback form on purpose of the exchange ...

I also hope someone has not been spending over printed currency in the market, if Oga Cardaso would have to mop out Oga Emiefele's Money out of circulation , he better do .

I am not surprise the President have to Japa to reset his brain

me I don't understand this our economy o ..
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Zeebuy: 12:51pm On Jan 31
Sapiosexuality:
Is your us account dom account or a real us account? Can one be in Nigeria and get a real us bank account? Not a Dom account. I have virtual dollar but I mean real ones not tied to one fintech app. Thanks.

I live and work in the US. Currently in Nigeria for a project
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Artscollection: 12:57pm On Jan 31
chigo32:
Things are not getting funny anymore, Nigeria is the only country in d world having economy challenges, insecurities, naira failing. Other countries are moving forward but Nigeria is backward since 2015 till now. Before 8 years go finish people go die ooo, 8 years no be here oooo. It is getting worse everyday

I always tell myself the truth ahead of time so as to get prepared and diversify where necessary. The only downside of the economic meltdown on my side was cutting down on charities. Invest in agricultural products, na there i face now !!
As for emilikon, the odds are in his favors to win the next election as well so the 8yrs of akpo is a reality4 some people.
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Sapiosexuality(m): 1:06pm On Jan 31
Zeebuy:


I live and work in the US. Currently in Nigeria for a project
Okay, I see. Thanks.
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Indispensable85(m): 1:20pm On Jan 31
Jesuuuuuuuu
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by dangoteinlaw: 1:23pm On Jan 31
coleon:
I was warned last year that once this drug baron is declared as the president I should immediately relocate my family to the US.
I waved it off thinking he cannot at least make things worse than buhari since I felt he'sore exposed.
Alas, this is just 7 months after, this evil useless drug baron has made buhari look like a genius in all indices. He's worsened the economy while naira is now worthless. Kidnapping and robbery has become the order of the day while he's busy enjoying himself in France.
All of you that brought this evil on Nigeria will never end well in life.
remember that video he said “let the poor breathe”, you saw how buhari was giving a smirk on the background, he saw all this coming. He knows ebola was about to steal the election and he and emiefele tried to stop him by the cashless policy. Did you know that the cashless policy could have saved the naira if we had endured it longer because for a first time in decades I watched the naira slowly gaining value. That means emiefele might actually be innocent of all he’s being charged with.

3 Likes

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by JasonScoolari: 1:26pm On Jan 31
Beuberry:

As you can see, I v moved ahead.
I voted who I feel is better. It's not today that you ll pick your choice and the person may not perform well. Tell me if you didn't vote GEJ in 2011. You dz lying hypocrite.
Meanwhile hear a truth you v not heard before.
In the past, they ll say a particular tribe should ronu. That they are fond of betraying themselves. Bots like you dished many propaganda about Tinubu left, right & centre. Majority of them ignored and supported their own. Yet you are in pains. If they had betrayed Tinubu & supported Hoebee aka Obi blindly, you ll be ejaculating o! And if they supported Atiku aka Atiku, you ll say they are northern slaves.
Now that they v passed a message that they can be mean when they want to be mean, you dey cry upandan! Didn't majority of Obi's tribe vote Obi or majority of Atiku's tribe vote Atiku? Kii wa lon fa igbe ekun e?
Now that Tinubu's there, it's their choice if he performed well or not. But you see that 2027, you ll be peppered again if you aren't humble!
Clown says I will be peppered again. grin

It will take you a decade and half to be where I am currently.

Peppered again? Did you See me with those guys shouting E bi pa wa?

Like I told you, save your flattery, enjoy the terrible choice you choose.

I don't like flattery from female hypocrites. 🤍

7 Likes

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Kennyswag: 1:36pm On Jan 31
Suddenly every nairalander now earns in dollar grin grin grin
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by ifeade69f: 1:48pm On Jan 31
After the reggie, play the jazz, mimi mimi. I remembered when dollar was N150 and they were calling GEJ unprintable names. Emilokan ti koni certificates. After the reggie, play the jazz, mimi mimi. I remembered when dollar was N150 and they were calling GEJ unprintable names. Emilokan ti koni certificates. ...
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Adolfnigeria: 1:58pm On Jan 31
ohh boi, it is pathetic what is going on. Read my previous post on this https://www.nairaland.com/7847166/fall-naira-future-prospects

People should research iran, lebanon, Ghana argentinia,- this would allow you understand how bad it could get.

hopefully this challenges reset the tribalistic, corrupt, indisciplined attitude of Nigerians.

2 Likes

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by rainluv: 2:04pm On Jan 31
Beuberry:

As you can see, I v moved ahead.
I voted who I feel is better. It's not today that you ll pick your choice and the person may not perform well. Tell me if you didn't vote GEJ in 2011. You dz lying hypocrite.
Meanwhile hear a truth you v not heard before.
In the past, they ll say a particular tribe should ronu. That they are fond of betraying themselves. Bots like you dished many propaganda about Tinubu left, right & centre. Majority of them ignored and supported their own. Yet you are in pains. If they had betrayed Tinubu & supported Hoebee aka Obi blindly, you ll be ejaculating o! And if they supported Atiku aka Atiku, you ll say they are northern slaves.
Now that they v passed a message that they can be mean when they want to be mean, you dey cry upandan! Didn't majority of Obi's tribe vote Obi or majority of Atiku's tribe vote Atiku? Kii wa lon fa igbe ekun e?
Now that Tinubu's there, it's their choice if he performed well or not. But you see that 2027, you ll be peppered again if you aren't humble!

You sha don't have single sense..😏
So he will be the only one peppered and suffering come 2027?

1 Like

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by JasonScoolari: 2:05pm On Jan 31
rainluv:


You sha don't have single sense..😏
So he will be the only one peppered and suffering come 2027?
grin
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Konquest: 2:10pm On Jan 31
ogododo:


https://punchng.com/naira-continues-free-fall-on-official-window-trades-n1482-57/
The naira continued its free fall on the official Investor and Exporter window of the foreign exchange market, closing at N1482.57/$ on Tuesday.

This is a 9.93 per cent decline from its N1348.63/$ Monday rate according to data from the FMDQ Securities Exchange.

On the parallel market, it remained stable at N1,450/$, and on the cryptocurrency peer-to-peer market, the naira was trading for N1,439.5/$ on Binance’s P2P platform as of the time of filing this report.

The naira has now fallen to a new all-time low on the official market and this can be linked to the technical devaluation of the national currency.
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by iamfactor(m): 2:16pm On Jan 31
I'm yet to see Yarimo nd his irks... I know they will avoid this thread like plaque...
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Beuberry(f): 2:46pm On Jan 31
JasonScoolari:
Clown says I will be peppered again. grin

It will take you a decade and half to be where I am currently.

Peppered again? Did you See me with those guys shouting E bi pa wa?

Like I told you, save your flattery, enjoy the terrible choice you choose.

I don't like flattery from female hypocrites. 🤍
Do I also look like ebi n pawa bots?
What we are saying is Obi isn't different from his past deeds. And if you think he's better, come again in 2027. I also don't like exchanging words with hypocritic men!
If you aren't been peppered, at least some of ya families are in Nigeria suffering. Make dem enjoy am to fullest till Tinubu gets it right or worst!

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Beuberry(f): 2:48pm On Jan 31
rainluv:


You sha don't have single sense..😏
So he will be the only one peppered and suffering come 2027?
I v sense more than you and ya lineage!
He's peppered that's why he's lamenting!
He's peppered and feeling it as he's rolling and writhing in pains in his student size bedroom.
You too dey feel the suffering. Enjoy it to the fullest!

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by isArray: 2:53pm On Jan 31
ariesbull:
We must vote the accountant from mobile he is Awa Lokan ...he built Lagos

We have seen how he built Lagos !

A country where an Engineer is heading the apex bank



Una never see anything ....Na tribalism go deal with una Las Las

Then we will ensure that we deal with Igbo when the Naira gets to ₦2000 to $1


Clowns ....una go hear am! We that are shouting Ronu up and down we can change ₦500 to $1
Tribalism in the midst of economy hardship grin while the leader of the country is in Paris enjoying winter weather
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Johncuppa(m): 2:53pm On Jan 31
JasonScoolari:
-
-He has been preparing for many years.

-We need his brain not his body.

-He is a kingmaker, way maker, play maker miracle worker, daddy wey dey pamper,

-He scored a Screamer with the UAE visa lifting.

-Master planner.




Economic maestro, master strategist with a midas' touch.
#kikiski

2 Likes 1 Share

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by JasonScoolari: 2:54pm On Jan 31
Beuberry:

I v sense more than you and ya lineage!
He's peppered that's why he's lamenting!
He's peppered and feeling it as he's rolling and writhing in pains in his student size bedroom.
You too dey feel the suffering. Enjoy it to the fullest!
The lady you quoted, her pair of heels will feed you for 8 months non stop....

If I were you, I won't be talking to her like that

1 Like

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Error401: 2:56pm On Jan 31
noo, 1526 at the moment, binance rate

ogododo:
Na N30 self, black market take better, black market na N1450. Nawa.
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by JasonScoolari: 2:57pm On Jan 31
Beuberry:

Do I also look like ebi n pawa bots?
What we are saying is Obi isn't different from his past deeds. And if you think he's better, come again in 2027. I also don't like exchanging words with hypocritic men!
If you aren't been peppered, at least some of ya families are in Nigeria suffering. Make dem enjoy am to fullest till Tinubu gets it right or worst!
Are you better than those shouting E bi pa wa?

“Obi isn't different” that's the language useless bigots use all the time.

Don't complain about the buffoon you voted on my comment, and don't flatter me, I nor be bad guy....

Nor be me send you message

1 Like

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by JasonScoolari: 2:58pm On Jan 31
Johncuppa:

Economic maestro, master strategist with a midal's touch.
#kikiski
grin

1 Like

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by isArray: 2:58pm On Jan 31
Adolfnigeria:
ohh boi, it is pathetic what is going on. Read my previous post on this https://www.nairaland.com/7847166/fall-naira-future-prospects

People should research iran, lebanon, Ghana argentinia,- this would allow you understand how bad it could get.

hopefully this challenges reset the tribalistic, corrupt, indisciplined attitude of Nigerians.
Nothing can ever reset the brain of someone that has been brainwashed, why do you think religious leaders still have cult following after they expose their pastor for evil deeds? No matter the hardship their will always be pro government especially for black people, that's why the government is able to use thugs during protest/election
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by ariesbull: 3:15pm On Jan 31
isArray:
Tribalism in the midst of economy hardship grin while the leader of the country is in Paris enjoying winter weather
heat dey Nigeria now
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by musicwriter(m): 3:38pm On Jan 31
nairalanda1:


The cause of poverty in most third world countries is simple.

Most third world countries rely on the export of a raw material, or several of them, or oil. The problem is , the prices of these things are not set in the country. And anytime a country tries to set the prices, the buyers go to countries with lower prices.

This means that most third world countries never get a high enough price for what they sell, so they are chronically broke. And the funny thing is that the raw materials we sell are used to make stuff which are sold back to us at higher prices.

Result,....we take loans.

Also, as I said here earlier, most third world countries at independence had a tiny middle and upper class and a large poor majority. Most of them in response tried to uplift people out of poverty through a combination of subsidised services and also via low taxes. Of course, such things need far more money than is available to run well.

Result...we take loans again.

The only third world countries that have broken out of the trap are countries like China and SOuth Korea, who focused their mind on industrialization and allowing the free market. Result (AFTER some period of hardship)...a prosperous economy that exports. (China used to have a gdp that was less than many African countries at independence. South korea in 1960 was behind Senegal even).

But that means prolonged hardship...and there is no guarantee that people would buy your manufactured stuff (it took years before people would accept made in china or south korea stuff. As a child, made in china toys were useless back in the 1980's...now. And SOuth korean cars were crap at the begining. No sane person would buy a Hyundai...now...). So, we throw dollars to maintain the illusion

Result...we take more loans again.

Good analysis but those are effects, not CAUSATION.

Go beyond China and South Korea and find one thing common among all developed countries and you'll be dealing with causes.

ALL developed countries have THREE things in common, and they're:-

1. They speak their native language

2. They believe their own God

3. They use their native language to acquire knowledge

Those are the only commonality among all developed countries, as I said at the realm of causation.

What it means is that they create their own ideas, knowledge, beliefs, science, technology and generate wealth within because they're truly independent and self reliant.

Nobody is able to manipulate them into loans or in any of the other ways you cited because they're impenetrable.
Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by isArray: 3:46pm On Jan 31
ariesbull:
heat dey Nigeria now
The gap is wide grin

Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Beuberry(f): 3:47pm On Jan 31
JasonScoolari:
The lady you quoted, her pair of heels will feed you for 8 months non stop....

If I were you, I won't be talking to her like that
Lol! 😂
My own wig ll feed you n her for life!
I just disliked ya hypocrisy.
Hoebee = Thiéfnubu = Atiku.
The smartest thief won. You and other obeengoes are crying cos Hoebee lost. And pained that sophisticated tribe deliberately shunned ya politicking and voted for their son just like you and others voted ya son & Athièfku's people too voted him.
Stop wailing like Ebi n pawa United!

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