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Nairaland Forum / Nairaland / General / Business / Naira Weakens At Official Market, Banks Sell $584m (20999 Views)
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Naira Weakens At Official Market, Banks Sell $584m by ogododo: 7:44am On Feb 07 |
The value of foreign exchange transactions recorded on the official Nigeria Autonomous Foreign Exchange Market has risen to $584m, according to data posted on the FMDQ Exchange on Tuesday. https://punchng.com/naira-weakens-at-official-market-banks-sell-584m/?amp 1 Like
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Re: Naira Weakens At Official Market, Banks Sell $584m by PressMyButton: 8:46am On Feb 07 |
Fake news, naira maintained its strength. Your headline is different from the body. 15 Likes 1 Share |
Re: Naira Weakens At Official Market, Banks Sell $584m by magoo10(m): 8:50am On Feb 07 |
any layman knows the economy is not smiling and will not be funny when banks fully exhaust the $5billion in their vaults without the government and cbn taking necessary steps. emilokan fire brigade economy is the worst in Nigeria history. 79 Likes 5 Shares |
Re: Naira Weakens At Official Market, Banks Sell $584m by ogododo: 9:19am On Feb 07 |
Nlfpmod, Cadoso and Edun say economy better now than then. 4 Likes 1 Share |
Re: Naira Weakens At Official Market, Banks Sell $584m by Nbote(m): 9:41am On Feb 07 |
The cluelessness of this govt has never been more embarassing. First you borrow billions in dollars to save the falling Naira. And then you borrow more dollars to save the naira. And then now you are asking banks to sell of their dollars? To who? 55 Likes 3 Shares |
Re: Naira Weakens At Official Market, Banks Sell $584m by Ebukamatth(m): 10:49am On Feb 07 |
. |
Re: Naira Weakens At Official Market, Banks Sell $584m by Theboss001: 10:50am On Feb 07 |
But, but, but clueless tulubu is the master economist strategist with the economic maestro knowledge from Chicago university. 1 step forward, 15 steps backward. 51 Likes 2 Shares |
Re: Naira Weakens At Official Market, Banks Sell $584m by Ola9ja23: 10:51am On Feb 07 |
This is frustrating to IPOB The few of them that commented above are clearly not happy The container business oriented people of black Jews think everything is all about fake drugs You shall be humiliated last last as Naira will regain its strength soon. 10 Likes 6 Shares |
Re: Naira Weakens At Official Market, Banks Sell $584m by gabmanuel(m): 10:51am On Feb 07 |
Ok |
Re: Naira Weakens At Official Market, Banks Sell $584m by FalseProphet1(m): 10:52am On Feb 07 |
Nigeria shall be great again. This I have seen. 7 Likes |
Re: Naira Weakens At Official Market, Banks Sell $584m by AllTheWayUp: 10:52am On Feb 07 |
Tinubunomics...economics of na statistics we go chop 31 Likes 3 Shares |
Re: Naira Weakens At Official Market, Banks Sell $584m by money121(m): 10:52am On Feb 07 |
Ok |
Re: Naira Weakens At Official Market, Banks Sell $584m by Yadid(m): 10:53am On Feb 07 |
It is well with Nigeria. Amen |
Re: Naira Weakens At Official Market, Banks Sell $584m by Infobase101: 10:53am On Feb 07 |
They should better bring this dollar to less than N1,000, and make it stable. All these grammars are not solving anything. 4 Likes |
Re: Naira Weakens At Official Market, Banks Sell $584m by bakila: 10:53am On Feb 07 |
PressMyButton:Sarcasm or sycophancy. Naira maintained it weakness. 8 Likes 1 Share |
Re: Naira Weakens At Official Market, Banks Sell $584m by ButterBerry: 10:54am On Feb 07 |
Agbado urchins is still claiming FAKE NEWS. 8 Likes 1 Share |
Re: Naira Weakens At Official Market, Banks Sell $584m by Amigoss: 10:55am On Feb 07 |
Lool |
Re: Naira Weakens At Official Market, Banks Sell $584m by illuminutty: 10:55am On Feb 07 |
A townhall is different from balablu blu blu... bulaba. Election has consequences. Nigerians Ronu! 19 Likes 1 Share
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Re: Naira Weakens At Official Market, Banks Sell $584m by Aremwayne: 10:56am On Feb 07 |
:What are they using saved from subsidy for ? Oh I forgot it’s for private visits. Tinubu is the worse president we have ever had. 8 Likes |
Re: Naira Weakens At Official Market, Banks Sell $584m by Balkan(m): 10:56am On Feb 07 |
;Dķ |
Re: Naira Weakens At Official Market, Banks Sell $584m by samwillyco1(m): 10:57am On Feb 07 |
Things are no longer at ease People are crying People are suffering Things are really hard on the land 2 Likes |
Re: Naira Weakens At Official Market, Banks Sell $584m by gaby(m): 10:58am On Feb 07 |
Lol This CBN governor called Okoso wey do face like pikin wey oyibo forget inside ship funny no be small. CBN is rejoicing over the increase of inflows when a bulk of it is coming from diasporans who are taking advantage of the huge exchange rate difference occasioned by the dying naira to buy up whatever properties they can in a case of (FOMO) fear of missing out. They are always quick to dish out propaganda to congratulate and praise themselves over temporary wins instead of getting at the root cause, they keep glossing over the symptoms. How much of the worthless Naira do we have in circulation? How many of those are genuine notes originating from the Nigerian security printing and minting press? How much are in the banking system, empty houses and bullion vans? Clueless people. 4 Likes 1 Share |
Re: Naira Weakens At Official Market, Banks Sell $584m by Nahunger(m): 10:58am On Feb 07 |
Lol CBN just dey use una play pinpong 😀😀😀😂😂😂 2 Likes 1 Share |
Re: Naira Weakens At Official Market, Banks Sell $584m by IamAtikulate: 11:00am On Feb 07 |
If Tinubu, Edun, and Cardoso, the best our Yoruba brothers can offer, can wreck our economy like this, I wonder what others will do if given the opportunity to run this country again. Tinubu will likely be the last Yoruba man to rule this country in a long time. We don't trust them to handle our economy right 8 Likes |
Re: Naira Weakens At Official Market, Banks Sell $584m by livinbygrace: 11:00am On Feb 07 |
Una go still change one dollar for 10,000 before the end of this year.Make una keep quiet.One begins to wonder the work of that thing called ,EFCC or na to dey pursue itunes yahoo boys up and down?No positive impact on the economy and everybody is keeping quiet. 4 Likes |
Re: Naira Weakens At Official Market, Banks Sell $584m by Austineva(m): 11:02am On Feb 07 |
FalseProphet1:opposite is what I have seen, it will continue getting worst until it disintegrates b4 2027 2 Likes |
Re: Naira Weakens At Official Market, Banks Sell $584m by 900warriorz: 11:03am On Feb 07 |
..And it only gets weaker by the day...Unless our internal fiscal/monetary policies and Exports changes, Naira will continue to weaken How do you build a foreign reserve when you are not exporting enough compared to your dollars demand 1 Like |
Re: Naira Weakens At Official Market, Banks Sell $584m by Anatolia: 11:05am On Feb 07 |
Emilokan, na my turn to ruin the country. 2 Likes |
Re: Naira Weakens At Official Market, Banks Sell $584m by tommy589(m): 11:06am On Feb 07 |
Interesting Did we increase in population overnight? The demand on Monday was 440.13m and by Tuesday $584.53m. Factoring purchasing power reduction leads to reduction in demands,where is the naira coming from to bring over 30% increase in 24 hrs Who Tinubu offend make dem pity us. Politicians no dey feel am even if na $1billion dem buy keep tomorrow 1 Like |
Re: Naira Weakens At Official Market, Banks Sell $584m by SirLakes: 11:08am On Feb 07 |
1 Like |
Re: Naira Weakens At Official Market, Banks Sell $584m by Agboriotejoye(m): 11:12am On Feb 07 |
Cardoso!! Seunmsg com and carry your brother o 1 Like |
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