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Nairaland Forum / Nairaland / General / Business / Exchange Rate Gains For Third Straight Day On Official Market (22577 Views)
Naira Continues Free Fall On Official Window, Trades N1482.57/$ / U.S Oil Gains For The 9th Consecutive Week / Naira Crashes To Record Low At Official Market (2) (3) (4)
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Re: Exchange Rate Gains For Third Straight Day On Official Market by Pristine664: 3:28pm On Mar 05 |
Those that love Nigeria only when election is very close will be so sad with this news. 1 Like |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Earthquakes: 3:28pm On Mar 05 |
spiSeyi: Economy of wish, if you were ask to provide data to back up your assertion you will disappear. Can you mention just one thing that made you feel the dollar will go down? None obviously apart from tribal wishes hoping that things work without any prospect |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Pristine664: 3:28pm On Mar 05 |
meditator: Never!! 1 Like |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Growingboi(m): 3:29pm On Mar 05 |
mtheeww |
Re: Exchange Rate Gains For Third Straight Day On Official Market by cjudy(m): 3:29pm On Mar 05 |
DEXTROVERT:Contact me |
Re: Exchange Rate Gains For Third Straight Day On Official Market by wirinet(m): 3:32pm On Mar 05 |
DEXTROVERT:Register with OKX, transfer your binance balance there and cash it out through their P2P. OKX P2P still have NGN. |
Re: Exchange Rate Gains For Third Straight Day On Official Market by femi4: 3:32pm On Mar 05 |
spiSeyi:lies This fake cosmetic approach won't even last this month We are not a producing Country |
Re: Exchange Rate Gains For Third Straight Day On Official Market by lexy2014: 3:32pm On Mar 05 |
meditator: is the person who made naira to fall against the dollar from 700naira to 1600naira under 8months now the friends of Nigeria? but tinubu is president. apart from increased suffering and hardship, what else do Nigerians have to show for Tinubus presidency in less than one year? https://www.youtube.com/watch?v=XUZ5eYhc4BM 4 Likes 1 Share |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Recardo(m): 3:33pm On Mar 05 |
Why dem dey report as if dollar don enter N300? rubbish 2 Likes |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Hoelujohn: 3:34pm On Mar 05 |
DEXTROVERT:Dash binance abeg. Me sef don dash them my 350usdt with them. |
Re: Exchange Rate Gains For Third Straight Day On Official Market by spiSeyi: 3:34pm On Mar 05 |
Earthquakes:Here are what you requested for, 1 The CBN sold off about 1.64 trillion TBs within a few days after the open market last week. 2 The CBN is expected to inject 10 Billion USD to the FX 3 Out of about 8 billion USD backlogs the CBN have cleared it up and its remains about $2.5 B, the backlogs are the major factors that made the Naira almost illiquid which was responsible for the initial fall. 4 The price of crude is falling as we speak because high cost of crude is a factor to the Naira fall. And crude is expected to fall further in March due to weather factors. 5 The Nigerian fuel importation has reduced by 40% as we speak and fuel importation is one of the stuffs that is draining the FX reserves 6 further more 2 major refineries will start selling refined crude starting from the 2nd quarter. Mr man count your teeth with your tongue, though it's tough as we speak but this too shall pass by the grace of God 3 Likes 2 Shares |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Recardo(m): 3:34pm On Mar 05 |
spiSeyi: drop your location so i fit come dash you simultaneous slap by end of the year when your fantasies no happen 2 Likes |
Re: Exchange Rate Gains For Third Straight Day On Official Market by lexy2014: 3:34pm On Mar 05 |
Pristine664:but Tinubu only loves Nigeria when election is close. is that not so? what is special about the news? |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Krankhead: 3:34pm On Mar 05 |
MasterJayJay:Go back to farming and stop wailing on the internet for dollars....and spreading bad and fake news abt Nigeria everywhere |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Babysho(m): 3:34pm On Mar 05 |
Thundafireseun: Ehennn you can thank Capitalism for that one. Which Capitalist no like extra profit for country wey no get a single socialist feature like price control. The youths of this country must start a true revolution. |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Angelfrost(m): 3:35pm On Mar 05 |
spiSeyi: Okay... That will be awesome Let's wait and see... Time always clears all doubts. Time will tell... The clock is ticking! |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Recardo(m): 3:36pm On Mar 05 |
spiSeyi: There's still no change in the common nigerian life. Are we going to eat these arm chair policies? Do you drill crude in your backyard? What concerns me with the price of crude if it doesn't reflect on the gas pumps? |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Raylight2(m): 3:37pm On Mar 05 |
DEXTROVERT:it's easy. Swap to a crypto e.g From which will be stable for the period while you are doing the withdrawal. Transfer it to Roqqu and then to Raven before it reaches your bank. Charges will only apply within Binance. Once it goes out of it, no more withdrawal charges |
Re: Exchange Rate Gains For Third Straight Day On Official Market by TrennixGLOBAL: 3:39pm On Mar 05 |
spiSeyi: I want to bet you on this that it will never happen. |
Re: Exchange Rate Gains For Third Straight Day On Official Market by femicyrus(m): 3:41pm On Mar 05 |
If this govt is serious about fighting inflation, exchange rate should go back to N600 sharply. Not this N2 gain per week |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Babysho(m): 3:42pm On Mar 05 |
Krankhead: Why are you acting like the Nigerian govt has done anything to make farming easy. Whatever you buy for your farming, feed, manure, pesticides, all have also been inflated since most are imported and locally ones inflated as well due to forces of demand and supply. Eventually, you too would have to sell your produce inflated but no forget say you no dey sell kerosine or gas for cooking o Mr Farmer, hope you're home owner too, clean water now na 50 naira for one sachet o. You think say farmers dey enjoy? There's nobody that's living a modest life that's not feeling the heat(no pun intended). The more we run away from revolution, doing away with criminals in positions of power, the more the problems will heap on us. Even the peaceful, quiet, slow rural areas will not be spared. 1 Like |
Re: Exchange Rate Gains For Third Straight Day On Official Market by TrennixGLOBAL: 3:42pm On Mar 05 |
spiSeyi: Continue fooling yourself. I will quote you again and this your post in the coming months or even weeks. |
Re: Exchange Rate Gains For Third Straight Day On Official Market by MasterJayJay: 3:42pm On Mar 05 |
Krankhead:Show me your farm. Immigration will start deporting you migrants from Somalia. 1 Like |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Onewazobia(m): 3:44pm On Mar 05 |
Thundafireseun: Your comedy link pls |
Re: Exchange Rate Gains For Third Straight Day On Official Market by spiSeyi: 3:45pm On Mar 05 |
femi4:Is UAE a producing country, apart from crude wetin dem dey produce , you might hate the PBAT government but I can tell you that things will be better starting from the second quarter because major refineries will come on board. And most west African countries are beginning to show interest in our refined products which will earn us more USD. |
Re: Exchange Rate Gains For Third Straight Day On Official Market by AngelicBeing: 3:51pm On Mar 05 |
spiSeyi:No, l will not sell, l will keep my 800,000 dollars and sell it in December 2024 |
Re: Exchange Rate Gains For Third Straight Day On Official Market by lexy2014: 3:55pm On Mar 05 |
spiSeyi: how is high cost of crude "a factor to the naira fall"? is it the lack of 1.64t naira that made the naira to fall against the dollar? |
Re: Exchange Rate Gains For Third Straight Day On Official Market by WantsandMore: 3:55pm On Mar 05 |
DEXTROVERT:I'll buy @1k pee usdt |
Re: Exchange Rate Gains For Third Straight Day On Official Market by Earthquakes: 3:57pm On Mar 05 |
spiSeyi: I will pick one point from the endless garbage you mentioned, you keep repeating CBN this and that yet I didn’t see where you mentioned grants for production, machinery, farming equipments and security for farmers and SMEs. Then fuel importation fallen by 40% is what you celebrate as success So people unable to buy fuel for cars and Gen is now success story, fuel importation did not reduce because of refineries are working but because people are unable to buy and you call it improvement?? Daftness is that you? And for your information I know you have nothing to do with dollar, I changed cad yesterday to 1,140, today it is 1,170 to cad but you feel it’s coming on your paper mind, lol |
Re: Exchange Rate Gains For Third Straight Day On Official Market by spiSeyi: 3:58pm On Mar 05 |
AngelicBeing:U dey leak sugar u dey call am joy . You better go and use your 800 NGN to buy akpu |
Re: Exchange Rate Gains For Third Straight Day On Official Market by TalkingBird: 4:00pm On Mar 05 |
waiting to see the value as at may 29, 2023 at least, then to may 29, 2015, and then back to the 1980's |
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