₦airaland Forum

Tinubu magic.

No wonder price of fuel reduced by 30 naira.

Paraman:
Wicked Mallams

I'm in support of this their buying and selling method. A dollar will be sold for #3000 by the end of march gang in the mud.

Your head just empty

Winning123:
They will sell that dollar for N500 very soon. God go deal with them and their collaborators.

Amen

Kaycee9242:
Wake me when it gets to 700 that Buhari left it, then we will rejoice when it gets to 260 that Apc met it

We cannot wait to rejoice when it's gets to the 200 apc met it.

predictor1:
#700 yes, but #260? Maybe you should go back to earning the same amount you earned before buhari came 9 years ago.

finally I see someone that is reasoning like me, this is the thing I always tell people that if you are comparing things of 1999 to 2024 you shouldn't be angry if they tell you to be earning same amount people of 1999 are earning to balance the whole things.

ogify1:
Your head just empty

To be fair on him, e no claim to get head weh carry anything inside before.
He does not have "opolo" .

Those who bought at 1800 were the sacrificial lamb . Trading the Naira carrys more risk than trading crypto
It's time to buy FG Tbills (Treasury bills) and sell it off at the end of 2 yrs, because the more inflation and USD pressure reduces the more yield on Tbills and going by this flow. USD/NGN would be pegged at 700-800 within the next 2yrs 1USD = 1,200 NGN is even a profit for Tbills security holders.

seborrhic:
It was pure speculation that was driving that alarming slide and because of it,people were withholding their dollars,even Nigerians abroad and those they sent dollars down here,believing it was heading to 2k and even beyond when they would then release it.
Many even did it at the risk of not getting the essentials it was sent for.
Also some bought to hoard for same reasons.
Seeing now that it's been falling and fearing their dollars is relatively losing value and may continue doing so,they are gradually releasing it,while still watching.
If it falls to say 1400 or even 1300,I foresee a panic dump of dollars into the market

has the speculation stopped?

is it speculation that made the dollar rise from 700 to 1600?

who and who were withholding dollars?

how much dollars was in circulation and how much were they withholding that made the price of dollar skyrocket?

Nairametrics is an APC propaganda machine and SPV.

Haters don't usually like good news about our nation Nigeria

The reason most of them

are against this development.

A shame...it was 700 before the great Tinubulation

Angelfrost:
Just celebrate small wins...!

Buhari was merely buffering the currency with lots of loans, same as his predecessors.

For Naira to have been floated yet is managing to gain against the Dollar... That's good.

If we improve other parameters that will increase demand for the Naira and less need for Dollars, it will gain further.


Whether you like or hate Tinubu, once you see good things, celebrate them...!

Nigeria needs to be overhauled all over.

Buhari plundered 8 good years doing absolutely fvck all.

Tinubu has to clean up his monumental mess, and still find a way to keep the nation surging forward economically.


Y'all should understand... If Tinubu succeeds, Nigeria succeeds!

If he fails or performs as abysmally as his predecessor, the nation is doomed! Not Tinubu or his family... Nigeria is doomed!

Whoever takes over after that will never be able to salvage the nation, not even Peter Obi or Atiku.

This one is trying to gaslight his entire village.

Nevertheless the damage was already done.
Just recently the rate was around 500# USD to Naira.

Mynd44 was right about it.

O yee speculators of doom, where art thou?

Kaycee9242:
Wake me when it gets to 700 that Buhari left it, then we will rejoice when it gets to 260 that Apc met it

Dreamer, sleep on.

chopnaira:
The headless mob don't talk about that anymore. Economy saboteurs all because their agulu messiah lost the election which was expected

There's a guy that was always posting an update about the dollar to naira rate. The guy is no where to be found again

chiefolododo:
A shame...it was 700 before the great Tinubulation

Due to Government intervention, bad belle people like you no one get joy, always want a reason to wail.

Aboks:
Tell dem, nothing to rejoice

But if he reach 1700.. you go still complain

Aboks:
Tell dem, nothing to rejoice

Learn to celebrate a little win......

I know u aren't a nigerian.

Wow things are really getting better impressive

Paraman:
Wicked Mallams

I'm in support of this their buying and selling method. A dollar will be sold for #3000 by the end of march gang in the mud.

😭😭😭😭😭😭😭😭😭😭😭😭
I bought at 1,600 or so thinking it would have been 2,000 by now. Depression won kill me like this!!!☹️☹️☹️☹️☹️☹️☹️☹️

Haaland21:
Learn to celebrate a little win......

I know u aren't a nigerian.

Aboks, na probably black market forex trader.

Agbadorian and capping 🧢🧢🧢

Paraman:
There's a guy that was always posting an update about the dollar to naira rate. The guy is no where to be found again

☹️☹️☹️☹️☹️☹️☹️☹️☹️☹️☹️☹️

drimzsmoke:
😭😭😭😭😭😭😭😭😭😭😭😭
I bought at 1,600 or so thinking it would have been 2,000 by now. Depression won kill me like this!!!☹️☹️☹️☹️☹️☹️☹️☹️

don't be depress, It's a 50/50 thing. You haven't lose much like this, you can sell a little out of it while you keep on following the news. I know someone who bought a dollar for more than #1800 thinking it will get to #3000.

seborrhic:
It was pure speculation that was driving that alarming slide and because of it,people were withholding their dollars,even Nigerians abroad and those they sent dollars down here,believing it was heading to 2k and even beyond when they would then release it.
Many even did it at the risk of not getting the essentials it was sent for.
Also some bought to hoard for same reasons.
Seeing now that it's been falling and fearing their dollars is relatively losing value and may continue doing so,they are gradually releasing it,while still watching.
If it falls to say 1400 or even 1300,I foresee a panic dump of dollars into the market

Me I'm not releasing anything ooo, they either take make it go back to 1,700 or we die here!!!☹️☹️☹️☹️☹️☹️☹️☹️☹️☹️☹️

Alright

drimzsmoke:
😭😭😭😭😭😭😭😭😭😭😭😭
I bought at 1,600 or so thinking it would have been 2,000 by now. Depression won kill me like this!!!☹️☹️☹️☹️☹️☹️☹️☹️

Better go sell now before e enter ₦800😃

EcoBrick:
https://nairametrics.com/2024/03/20/naira-strengthens-to-n1400-on-the-parallel-market-as-speculators-sell/?amp=1

Projections is #1000/1$ by second half of 2024 !!!

I'll not reply you

Omenlon:
in your small life, have you seen dollar before?

seborrhic:
It was pure speculation that was driving that alarming slide and because of it,people were withholding their dollars,even Nigerians abroad and those they sent dollars down here,believing it was heading to 2k and even beyond when they would then release it.
Many even did it at the risk of not getting the essentials it was sent for.
Also some bought to hoard for same reasons.
Seeing now that it's been falling and fearing their dollars is relatively losing value and may continue doing so,they are gradually releasing it,while still watching.
If it falls to say 1400 or even 1300,I foresee a panic dump of dollars into the market

I pray it drops to 1,000 and stays there.