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Nairaland Forum / Nairaland / General / Business / Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate (23103 Views)
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Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by opamoses1: 5:19pm On Feb 28 |
The US Dollar on Wednesday crashed by 6.45 percent to N1,450 from N1,550 sold on Tuesday on the parallel market, commonly referred to as black market, after the Central Bank of Nigeria (CBN) hiked interest rate on Tuesday. https://businessday.ng/markets/currency-watch/article/dollar-crashes-to-n1450-after-cbn-hikes-interest-rate/?amp=1 13 Likes 3 Shares
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Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Richtaiwo: 5:49pm On Feb 28 |
The Obis praying for the fx to be 2000/$ because gringory lost election will be very sad with this news. They will soon start crying everywhere. 116 Likes 14 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Simonjef: 5:56pm On Feb 28 |
Finally there is hope for Businesses who depend in Dollar 24 Likes 1 Share |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Ladiesdoctor(m): 6:06pm On Feb 28 |
Keep crashing 37 Likes 2 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Toluajib: 6:15pm On Feb 28 |
It's crashing heavily would go below 1k this month 9 month pain about to be over 40 Likes 3 Shares
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Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Chinkoalhaji34: 6:26pm On Feb 28 |
Wow, this is good news for Nigerians as the Naira appreciates and the dollar crashes after the CBNs decision to hike interest rates. 124 Likes 8 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Maize247(f): 6:27pm On Feb 28 |
Nice one 15 Likes 3 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by freeGiftOfGod: 6:33pm On Feb 28 |
Good news. Better news is, Jesus loves you. Come to Him today. 55 Likes 10 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Validated: 6:35pm On Feb 28 |
Great, I want it to get to N800 before rallying back. Unfortunately, commodity prices will not reduce. That is the Tinubulation 40 Likes 3 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Ola9ja23: 6:38pm On Feb 28 |
Glory be to God 💪🙏 88 Likes 3 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by ThatCEO: 6:39pm On Feb 28 |
You cannot use the barrel of a gun to bring down dollars I was going to the BDC in zone 4 Abuja yesterday, some EFCC/DSS goons blocked the road to zone 4 and asked me to make a U-turn Anybody who has studied FX candlesticks for a minute will see that prices goes down for a while before continuing its upward journey. Sanusi said d reason he was sacked was because he demanded that NNPC remit their dollars. You people's only source of FX is oil, yet NNPC go release one dollar Now you have borrowed billions of dollars from ADB against future oil production Binance r filing smart. If they wait for CBN to ban them, it means they now have to wait and lobby for CBN to unban them. But if they ban themselves, they wait a few weeks, naira crashes further n they simply unban themselves n continue trading That way, no illiterate can blame them. All the BDCs r given $62M per month, is it for beans n dodo? My aunt who has a drugs production company, by now, I know only her needs at least $1M monthly to buy raw materials Boys have simply ported to other exchanges, d old men don't know how easy it is to move funds across crypto exchanges n continue life as if nothing ever happened. You only need just one working exchange, and I know at least one exchange that Nigeria can't mess with Una wan die...I won't mention Names. Make una enjoy Jare, see you at ₦3000 naira to dollar 47 Likes 2 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by FocusedDiva(f): 6:40pm On Feb 28 |
Nigeria shall be great again! 19 Likes 3 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by commoditiesnig: 6:40pm On Feb 28 |
Very good news 8 Likes 2 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Forest122: 6:40pm On Feb 28 |
again |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Katakata10: 6:41pm On Feb 28 |
Hmmm ïgbos won’t like this 27 Likes 3 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by iconicceo: 6:42pm On Feb 28 |
I pray this will be sustainable 🙏🏼 9 Likes 2 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Parydelegate: 6:42pm On Feb 28 |
Y |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by seborrhic: 6:43pm On Feb 28 |
Pls drop further. No reasonable person wants to see depreciation because it caused a lot of turmoil. The things blabulu should have done before floating the Naira he is now trying to do after causing severe haemorrhage with his callous,nonsensical statements and policies. Nigeria and its currency CANNOT withstand the severe damage a free floating of its currency will cause. Assuming minimum wage in all sectors was about 100k from present 21k or 30k and the average earner was on 450-500k salary,then a free float would have sailed through and be absorbed 9 Likes |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by ClimaxHerbalixt(m): 6:43pm On Feb 28 |
All is well |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Najyin(m): 6:43pm On Feb 28 |
Joy to Nigerians tears to speculators. Agony to those that bought dollars at 1800-1900 26 Likes 1 Share |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Ngwamankillyou(m): 6:43pm On Feb 28 |
One naira to one Dollar is the promise of this evil party. 16 Likes 3 Shares |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Rebirth212: 6:43pm On Feb 28 |
It should stop fluctuating abeg It should be declining abeg If things can get cheaper in the market 9 Likes |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by jmoore(m): 6:44pm On Feb 28 |
Katakata10:See your life! How much was it on May 29 2023? Una no get any reasonable thing to contribute, na to shout Igbo up and down. 34 Likes 1 Share |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Skillsnigeria: 6:44pm On Feb 28 |
Noted |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Pootle: 6:44pm On Feb 28 |
freeGiftOfGod: you still living the missionary life of 1914 1 Like 1 Share |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by RichIgboBoy: 6:44pm On Feb 28 |
I like jagaban somehow sha, but sometimes I dey doubt the werey |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by bikerboy1(m): 6:44pm On Feb 28 |
Where can one buy it at N1,450? Banks claim they don't have 6 Likes |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Chummynoni(m): 6:48pm On Feb 28 |
Good monetary policy. How sustainable is this? We need to devise a way to earn as much as possible $ . deal with insecurity Tinubu. Tax heavily those buying luxury cars and houses as well. |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by adamusuleiman2: 6:48pm On Feb 28 |
Thread link and title has "crashes". How come Mod changed it to rises? Lol. 76 Likes
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Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by Toks2008(m): 6:48pm On Feb 28 |
Audio Tinubu is so arrogant so much that he is now going back to his vomit after causing avoidable hardship for Nigerians. You removed subsidy when fuel was still affordable and now you are paying even much more subsidy yet the fuel is not affordable. You floated naira when the exchange rate was still bearable and now you have reversed the policy and literally begging BDC to sell even at a crazy high price. So so pathetic. Mr Trial and error I want you all to save this comment and without sounding pessimistic... This gragra approach will solve nothing as long as you and i can not walk into the bank to get foreign currencies without so much issues, the demand on Black market will continue to be more than supplies and the dollar will zoom up even higher than before. Demand and supply is the essence of any currency or commodity and as long as demand is always higher than supply, scarcity will always drive prices higher. 16 Likes 1 Share |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by DenreleDave(m): 6:48pm On Feb 28 |
Validated: Same u shouting that it will be 4k.. Two face mouth 92 Likes 1 Share |
Re: Naira Rises To ₦1,450/$ After CBN Hiked Interest Rate by seborrhic: 6:48pm On Feb 28 |
bikerboy1:That is one other thing though. Being told it's 1450 and seeing it to buy without any hassles at that quoted price are 2 different things 2 Likes 1 Share |
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