Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,449 members, 7,816,043 topics. Date: Friday, 03 May 2024 at 12:42 AM

Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate (23131 Views)

Naira Rises By 7.7% As Official Exchange Rate Close At ₦‎1,142/$ / Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement / Naira Falls After CBN Stops Forex Sales To BDCs (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Iamzik: 6:49pm On Feb 28
Richtaiwo:
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.

So of all the analysis up there this is the only thing your Pentium 2 brain and 2kb memory can deduce??

Obi is not the president. I wonder why you people cannot skip a day without trying to blame him for the hardships that your brain-dead mandate thief is causing the entire nation

8 Likes 1 Share

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Kruzxx: 6:49pm On Feb 28
Good one. But agbado eaters have forgotten that the same APC campaigned to bring dollar down from N200/1$ to N1/$1.
2015 was 9 years ago.. pdp in 16 years dollar no add N200

4 Likes

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Ibechris2: 6:50pm On Feb 28
Richtaiwo:
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.


There was no place they mentioned Obi.

After all,why are u concerned about dollar...when ur Tinubu said they don't pay salaries in dollars.

Why are u suddenly concern.?

4 Likes 1 Share

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by adamusuleiman2: 6:50pm On Feb 28
FocusedDiva:
Nigeria shall be great again!
Ami

1 Like

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Calitoscassius(m): 6:51pm On Feb 28
Cement is still 1200 in my area.

1 Like

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Yankee101: 6:52pm On Feb 28
To consolidate reduce what you finance fx for, including frivolous things like hair attachenents

3 Likes 1 Share

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by GreaterFuture(m): 6:53pm On Feb 28
Ok...
Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Donedeal1(m): 6:55pm On Feb 28
Haters hate good news

1 Like

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by yeshuasfootstep(m): 6:56pm On Feb 28
Good.

Be on the offensive.

Keep rolling back till we get to ₦1 to one dollar, but production and exporting will be on full speed.

2 Likes

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by t2luv1: 7:00pm On Feb 28
Ngwamankillyou:
One naira to one Dollar is the promise of this evil party.

Jesus H. Christ can at least enjoy the good news. Look at your miserable family lineage and tell us when that ever happened ? Doggone it I freaking hate stupid posts. Look at my previous postings Lord knows I am not in the bag when it comes to this administration, but when good things happen c'mon people be happy.

4 Likes 1 Share

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Ashirioluwa: 7:00pm On Feb 28
But the prices of our products are still on the high side.
Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by t2luv1: 7:04pm On Feb 28
Ashirioluwa:
But the prices of our products are still on the high side.

Enjoy the pre-intimacy before the main course Okay
Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by iamtardey: 7:04pm On Feb 28
I need this dollars in my life Aje a lot of it

1 Like

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by onlinediva: 7:06pm On Feb 28
Richtaiwo:
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.

Amen

2 Likes

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by emerged01(m): 7:09pm On Feb 28
Najyin:
Joy to Nigerians tears to speculators. Agony to those that bought dollars at 1800-1900
They better put their agony on limit by selling off their loss😂😂😂

3 Likes

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by lexy2014: 7:09pm On Feb 28
Richtaiwo:
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.

is the government still floating the dollar or is it now controlling the price of the dollar?
Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by ezechi24(m): 7:13pm On Feb 28
Most of these tinubus zombies are actually more daft and stupid than an actual zombie.

How can you be celebrating dollar at 1450 to naira, thesame dollar you protested against when it was 150 in 2012 ...are you people this evil and dumb?.

5 Likes

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Angelfrost(m): 7:14pm On Feb 28
Richtaiwo:
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.

Good... Let them cry blood!

I hope this is sustained, and not some quick fix thing that won't last beyond a week.

Next thing is if prices of basic commodities will follow the drop... E dey hard for price of goods to come down for this country.

5 Likes 2 Shares

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Geovanni412(m): 7:16pm On Feb 28
ThatCEO:
You cannot use the barrel of a gun to bring down dollars grin

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 cheesy

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 cheesy

Now you have borrowed billions of dollars from ADB against future oil production grin

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 wink That way, no illiterate can blame them.

All the BDCs r given $62M per month, is it for beans n dodo? cheesy
My aunt who has a drugs production company, by now, I know only her needs at least $1M monthly to buy raw materials grin

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 cheesy cheesy Una wan die...I won't mention Names.

Make una enjoy Jare, see you at ₦3000 naira to dollar



Man wey sabi

2 Likes

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by JoshTim: 7:16pm On Feb 28
ThatCEO:
You cannot use the barrel of a gun to bring down dollars grin

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 cheesy

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 cheesy

Now you have borrowed billions of dollars from ADB against future oil production grin

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 wink That way, no illiterate can blame them.

All the BDCs r given $62M per month, is it for beans n dodo? cheesy
My aunt who has a drugs production company, by now, I know only her needs at least $1M monthly to buy raw materials grin

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 cheesy cheesy Una wan die...I won't mention Names.

Make una enjoy Jare, see you at ₦3000 naira to dollar




So when cbn sells dollar to bdcs at 1301 and gave them instruction that the interest on reselling should not be more than 1%, so cbn shouldnt monitor them again?....


Pls suggest ways cbn can manage the situation since you can type this long empty epistle

5 Likes 3 Shares

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Johnn87: 7:17pm On Feb 28
Validated:
Great, I want it to get to N800... Unfortunately, commodity prices will not reduce. That is the Tinubulation
cool
Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Biggaboi(m): 7:18pm On Feb 28
Validated:
Great, I want it to get to N800 before rallying back. Unfortunately, commodity prices will not reduce. That is the Tinubulation
When it comes to prices of goods and services in Nigeria the law of gravity doesn't apply😂

1 Like

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by 123papas(m): 7:21pm On Feb 28
If the price for dollar drops, the prices will come down. There is a lot of competition amongst traders in Nigeria
Validated:
Great, I want it to get to N800 before rallying back. Unfortunately, commodity prices will not reduce. That is the Tinubulation

2 Likes

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by motionarena: 7:23pm On Feb 28
Tell evil marketers to reduce cost of their Goods.
Dem dey form badoo when naira dey crash

2 Likes

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Putindbutt: 7:27pm On Feb 28
Toks2008:
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.
False information!

5 Likes 1 Share

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Judolisco(m): 7:30pm On Feb 28
Toluajib:
It's crashing heavily would go below 1k this month 9 month pain about to be over
something wey go up like dat people suppose knw say... E go come down d same way e take go up.... Na textbook economics

1 Like

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by sportskid(m): 7:31pm On Feb 28
Many of the BDCs in my State are not selling or even buying. This government is funny, they want to use guns to repair the Economy by force? Let's see how things unfold

2 Likes

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by chinos20(m): 7:33pm On Feb 28
Richtaiwo:
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.
A mindset of a certain region

1 Like

Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by chinos20(m): 7:34pm On Feb 28
We pray it comes down to 1000 before the end march
Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by dipset01: 7:36pm On Feb 28
confirmed speculator, if you like continue to hoard your dollar, you will so lose cash. why leave certainty for uncertianty.

No one know what the price of dollar will be in 5month time, what we know however is this crashing of dollar will continue for now.

The wise one will sell now when you are assured of some profit.









ThatCEO:
You cannot use the barrel of a gun to bring down dollars grin

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 cheesy

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 cheesy

Now you have borrowed billions of dollars from ADB against future oil production grin

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 wink That way, no illiterate can blame them.

All the BDCs r given $62M per month, is it for beans n dodo? cheesy
My aunt who has a drugs production company, by now, I know only her needs at least $1M monthly to buy raw materials grin

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 cheesy cheesy Una wan die...I won't mention Names.

Make una enjoy Jare, see you at ₦3000 naira to dollar


Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Procashtips(m): 7:40pm On Feb 28
By next week, we go know how far.

Alot don't understand the Forex/crypto market..

It's always up and down and when what's pushing a particular pair down isn't real economics, nature (market forces) will prevail.

Smart ones are bulling at every milestone.
Re: Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate by Verysmart101: 7:40pm On Feb 28
ThatCEO:
You cannot use the barrel of a gun to bring down dollars grin

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 cheesy

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 cheesy

Now you have borrowed billions of dollars from ADB against future oil production grin

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 wink That way, no illiterate can blame them.

All the BDCs r given $62M per month, is it for beans n dodo? cheesy
My aunt who has a drugs production company, by now, I know only her needs at least $1M monthly to buy raw materials grin

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 cheesy cheesy Una wan die...I won't mention Names.

Make una enjoy Jare, see you at ₦3000 naira to dollar



Don't mind them boss. APC beans and bread brains don't know anything. you are truely a real boss in this

1 Like

(1) (2) (3) (4) (5) (Reply)

CBN Opens Portal For Deposit Of Old Naira Notes / A Blind Man In Jos Selling Phone Cords/Chargers (Photos) / Rencap Predicts Further Naira Devaluation

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 46
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.