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Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ - Foreign Affairs (3) - Nairaland

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Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Truths9ja: 5:28am On Feb 29
lanre316:


Update your app to the latest version. Go to home page.
you don open his eyes well. Well he can still withdraw via kucoin crypto currency wallet app. Use my code when signing up on kucoin. You can withdraw on kucoin crypto currency wallet app. You can buy or sell the usdt . My refer code: https://www.kucoin.com/r/rf/rB31GDW

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by DeLaRue: 5:29am On Feb 29
danowena:


A good move to block the crypto sites. They were part of the problem with their speculation of rates. remaining finance sites like flywire, cadremit and co that helps in inflating the dollar figure for their own gain at our detriment.

Thanks bro. for the names of these sites.

I wonder if the CBN has an intelligence unit that is monitoring social media to gather information about these numerous sites, and block them.
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by QualitySneakers: 5:37am On Feb 29
Meaning you want production to increase overnight?



Flets:
Unfortunately, The hasty policies of the Tinubu government with naira floating exposed the currency for what it is.

These knee jerk policies are not sustainable, naira will continue to plummet until Nigeria turns to production from consumption, reduce imports and increase exports. At the heart of a sustainable naira is constant power supply for manufacturing.

Nigerians have seen enough not to trust the naira under this government. Folks will continue to safeguard their earnings in other trusted currencies than the naira

3 Likes 2 Shares

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Spiritualmind10: 5:37am On Feb 29
It can only make a little bit of sense to me when the dollar is below #500, anything above #500 is not worth celebrating. Below is the rate of $100 to cedis. We should hide our heads in shame.

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Omalicious1: 5:40am On Feb 29
Ibrahimcoomasie:


https://www.thecable.ng/naira-gains-at-parallel-market-trades-at-n1500

THIS IS GOOD!!!!! BUT CAN THE PRICES OF THINGS JUST GO BACK TO HOW IT USED TO BE BEFORE?

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by sokkatua: 5:46am On Feb 29
Nigerians in diaspora suddenly became millionaires thanks to the inflated exchange rate

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Cantonese: 5:46am On Feb 29
Even if the dollar returns to the Buhari rate, where is the hope that prices of goods will ever return to their former rates?

2 Likes

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by efemena5050(m): 5:48am On Feb 29
Ibrahimcoomasie:


https://www.thecable.ng/naira-gains-at-parallel-market-trades-at-n1500
if not foolishness and lack of sound economic knowledge why do have to float the currency when you know the GDP and balance of payment in the country is at the deficits level......when u allow forces of dd and SS to determine the currency exchange rate in line with fx market then u will expect anything u see

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by SurveyR: 5:48am On Feb 29
Macphenson:


Pls how did u open your ghana domicilliary account?
GTB Ghana.
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by PDPdestroyer(m): 5:59am On Feb 29
My only concern is why certain monikers dedicated to monitoring exchange rates, only report news of naira depreciation but never those of naira appreciation cheesy

3 Likes 1 Share

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Newton1045: 6:01am On Feb 29
updatedws:
So the official rate now higher than the parallel rate? The government continues to play to the gallery...
In medicine, there is what we call symptomatic management where instead of diagnosing and getting rid of the cause of a sickness, you continue to treat symptoms of the sickness like fever.

These gains u see are artificial and placebolic at best.

Banning cryptos and churning out stringent measures against BDC operators who have been in existence for years without causing any problems would do no good to the Nigerian economy at large.

The government has to realize that bowing to pressure from IMF and world bank to remove subsidy and float the naira is the bane of our current situation...

Hitting the ground running is/was the greatest undoing of this government.

If the government really meant well for this country, what he would have done was to probe the former government to recover the billions of the borrowed dollars that were looted instead of making the citizens pay for these loots through subsidy removal.

I submit with this thought.

The only way forward for Nigeria right now is to start going backward.

The government must undo the deadly policies set by the Buhari government instead of continuing in it


I agree with you.

But BDC aboki are the worst people.
Don't even support them.
How do they make their huge money?
By frustrating the naira, their own currency

1 Like 1 Share

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Tranquility2345: 6:01am On Feb 29
aariwa:
If they can be able to get it to 1,200 . I will buy in the dip and transfer into my domiciliary account in Ghana

Gbam!

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Tranquility2345: 6:05am On Feb 29
sokkatua:
Nigerians in diaspora suddenly became millionaires thanks to the inflated exchange rate

That’s a very dull way to look at the situation. What’s the point of being a millionaire in Naira when prices sef dey follow go up? Omo I tire for these Nairaland people o angry

3 Likes 1 Share

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Tranquility2345: 6:06am On Feb 29
Spiritualmind10:
It can only make a little bit of sense to me when the dollar is below #500, anything above #500 is not worth celebrating. Below is the rate of $100 to cedis. We should hide our heads in shame.

How their situation take better pass our own wey we go hide our heads in shame? 🤔

2 Likes 1 Share

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by LandMann: 6:21am On Feb 29
stano2:
No worry this one would still be shut down.
So people should signup because of your stupid referral bonus.
Show us more, so CBN will shut it down asap

Keep defending the rubbish CBN is doing. We will be here to read news of drastic fall in foreign remittance and massive outflow of money and investments out of Nigeria due to the govt chasing shadows

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Bluearrow: 6:26am On Feb 29
Truths9ja:
you don open his eyes well. Well he can still withdraw via kucoin crypto currency wallet app.
Stop posting this!
Except u are doing it for them to notice it & block it too
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Judolisco(m): 6:26am On Feb 29
Lalami3232:
This is good news!!! But the problem with Nigeria is Nigerians. Whatever goes up can't come down in this country. It's virtually impossible for prices of goods to come down after been increased because of our yeye greed. Sometimes eeh, I dey feel say God just select some certain types of people to be born in this country. We deserve the kind of leaders we get because majority of us are worse than them. What do I even know aside to enlighten my fellow men nationwide.

Oga if you no meet your wife as a virgin, oga go for DNA test oooooo because boreholes aka non-virgins can't be trusted
dis one must come down oh
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by obembet(f): 6:34am On Feb 29
Truths9ja:
Wow that’s great. Naira keep on increasing back. You can still withdraw via kucoin crypto currency wallet app. Use my code when signing up on kucoin. You can withdraw on kucoin crypto currency wallet app. You can buy or sell the usdt . My refer code: https://www.kucoin.com/r/rf/rB31GDW

U deserve 10 years ban. Why can you invite FG to come and ban them too since u can not keep quiet cos of stupid referal

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Bankkym: 6:34am On Feb 29
aariwa:
If they can be able to get it to 1,200 . I will buy in the dip and transfer into my domiciliary account in Ghana






Just take take a look at your stupidity
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by femicyrus(m): 6:39am On Feb 29
Geovanni412:


Nope,

Realists

What economic measure is in place to sufficiently stabilise the naira?

Are we exporting more products now?
Nigeria can export too if $1 = N1.
The real value of the naira should be attained first, not IMF value
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Tradepunter2: 6:44am On Feb 29
This great news..... The inflation isn't affecting me ooo..... But I am very very happy for this news..... Anything to help the Nigerian masses is a welcome development..... Wonderful
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by dikings(m): 6:44am On Feb 29
Truths9ja:
very true, 100% truths. How many crypto currency app they want to block. Cardoso will be pelted sachet water on the street when dollar no gree for him. Naira rate against dollar rate will hit #2k per dollar soon. Btc no gree for anybody. It has reached over $60k already heading to $80k
Real Fact. As for Cryptocurrencies, Nigerians must trade grin

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by stano2(m): 6:46am On Feb 29
LandMann:


Keep defending the buffon called Cardoso and the dullard called Tinubu. We will be here to read news of drastic fall in foreign remittance and massive outflow of money and investments out of Nigeria due to the govt chasing shadows
I’m defending no one.. him bringing the site here was a foolish idea.
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by zionstaar75: 6:51am On Feb 29
femijamz:
Anybody supporting APC no well
keep crying and wailing

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by zionstaar75: 6:53am On Feb 29
LandMann:


Keep defending the buffon called Cardoso and the dullard called Tinubu. We will be here to read news of drastic fall in foreign remittance and massive outflow of money and investments out of Nigeria due to the govt chasing shadows
and you genius what have you achieved in your life. A nonentity !that's who you are
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by NothingDoMe: 6:53am On Feb 29
aariwa:
If they can be able to get it to 1,200 . I will buy in the dip and transfer into my domiciliary account in Ghana
Lol
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by jeffizy(m): 6:54am On Feb 29
aariwa:
If they can be able to get it to 1,200 . I will buy in the dip and transfer into my domiciliary account in Ghana

Hmmm.. '.. In Ghana'. That's the smartest thing I've read throughout this week
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Donsheddy: 6:58am On Feb 29
Omalicious1:


THIS IS GOOD!!!!! BUT CAN THE PRICES OF THINGS JUST GO BACK TO HOW IT USED TO BE BEFORE?

Is the price of dollat how it use to be before 🤔🤔

People celebrating this little drop is one of the reasons why i believe this country isn't going to get better any time soon....
we dey use our future they play...

Dollar moved from 700 to 1500 that over 100% loss in value and we dey celebrate in space of 9 months....

Make we just dey play...

Just how we celebrated when we first got to 1300 and dropped back to 950

We all celebrated...
Who could have believed that a naira will be 1500🤔 and we all still celebrating.. mm.


Politicians just dey use us play chess...
God day

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by OBTOREPA(m): 7:02am On Feb 29
danowena:
Depends on where they got their info from. I bought at N1460 and felt cheated. grin even though i bought at N1580 on tuesday.

I pray it continues to appreciates as we hope the cabals won't fight back.

A good move to block the crypto sites. They were part of the problem with their speculation of rates. remaining finance sites like flywire, cadremit and co that helps in inflating the dollar figure for their own gain at our detriment.
The #1,460
Please where did you buy yours?
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by PHAYOL81: 7:03am On Feb 29
Long may it continues, ameen

1 Like

Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Reelmii: 7:06am On Feb 29
RainMoreDFARMS:
This burger now nah gold for my area
this one na to divide am into 3,, morning after night.....person wey get this size of food, souppse dey eat one a day,, just dey drink water grin
Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by lexy2014: 7:18am On Feb 29
danowena:
Depends on where they got their info from. I bought at N1460 and felt cheated. grin even though i bought at N1580 on tuesday.

I pray it continues to appreciates as we hope the cabals won't fight back.

A good move to block the crypto sites. They were part of the problem with their speculation of rates. remaining finance sites like flywire, cadremit and co that helps in inflating the dollar figure for their own gain at our detriment.

is it crypto currencies that is responsible for the naira sliding against the dollar?

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