Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX - Business (2)

Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX (25882 Views)

1 2 3 4 5 6 Reply (Go Down)

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by santaclaws: 10:03am On Mar 21, 2024

Hopefully it goes lower than 1k soon, so we can start addressing prices of goods and the greed of distributors in Nigeria.

10 Likes 1 Share

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by LARRYOBRAIN(m): 10:04am On Mar 21, 2024

Dey watch, it will soon be N500. What you Obi cannot do.

Gossiphub:
You people have to return the dollar to 700 where you met it. And then take it below 216 that you kicked against. Stop celebrating mediocrity.

Clown

6 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by porthouse7(f): 10:04am On Mar 21, 2024*

1250 at Gtbank fx

14 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by porthouse7(f): 10:07am On Mar 21, 2024

I rush convert everything, only keeping 100 for petty transactions

6 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by ojuriye(m): 10:07am On Mar 21, 2024

Ogbuu101:
Govt of propaganda

what is propaganda there

just open your and talk rubbish

9 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Nairalander248: 10:08am On Mar 21, 2024

softtorce:
Your obidient ipob mate are wailing in relentless pain n agony as they are losing in billion hoping n praying that naira will fall to ₦2000 before they sell. Sadly for una we can all see what is happening.

Why are you crying? Even if the naira hit 1000/$, it's still very poor of this Govt, they met it at 750/$

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Bhol28: 10:09am On Mar 21, 2024

Cindypresh:
You're happy that naira is #1580??

What about #216 when your buhari and Apc took power??

#216 or whatever that was being subsidised at the expense of the well-being of now and future generations.That era is gone,wake up man.

12 Likes 1 Share

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Coolestguy2023: 10:10am On Mar 21, 2024

Gossiphub:
Sharrap.

Eyes ko.

Naira is now Omo baby.

Clowns

He is correct, you can never experience happiness

9 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by epainos: 10:10am On Mar 21, 2024

Rubbish speculation when it is already N1,500 on Bybit at this moment.

1 Like

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Coolestguy2023: 10:14am On Mar 21, 2024

Like someone said. When dollar was going up, the criminal minded hater of the country, the Peter Obi people were angry and crying all over SM. Now that Naira is gaining traction, these clowns are still crying. Cursed people

12 Likes 2 Shares

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Focusmind: 10:14am On Mar 21, 2024

Good one, Cardoso.

Government should ensure that proceeds of corruption are not offloaded on the market, especially looted naira cash. This is one of things that causes naira to depreciate. Once politicians and their associates discharges their looted funds into the system, so much naira money will be chasing few dollars, making devaluation inevitable

7 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Appletek: 10:15am On Mar 21, 2024

Cindypresh:
You're happy that naira is #1580??
What about #216 when your buhari and Apc took power??

Ogbuu101:
Oga,dollar was 500 when your destroyer in chief took over.
Tell him to take it there b4 you start making noise all over when dollar was actually sold above 1500 yesterday

What about 1998 when PDP took power?
Why did GEJ not return it to the 28 Naira per dollar that he met it?

12 Likes 2 Shares

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Yankee101: 10:15am On Mar 21, 2024

All this is propaganda
Let it reach first
Then sustain it there. Not a new rate every 2 weeks

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Theunbothered: 10:16am On Mar 21, 2024

Olachase:
normally you can never witness happiness

At this time last year the rate was 486 to 1 on the official market now it is 1492, and we are supposed to be happy. Demonic thought process I swear.

1 Like

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Bhol28: 10:16am On Mar 21, 2024

Those of u wailing about dollars being at #216 or whatever sometimes ago,all those rates were being subsidised at the expense of the well-being of now and future generations of this country.That era is gone,you should all wake up.

11 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Appletek: 10:19am On Mar 21, 2024

epainos:
Rubbish speculation when it is already N1,500 on Bybit at this moment.

Go and buy more dollars na.
It is 1,250 on GTB this morning.
Una go cry taya.

9 Likes 2 Shares

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by kunle4toyeyaho: 10:20am On Mar 21, 2024

LARRYOBRAIN:
Dey watch, it will soon be N500. What you Obi cannot do.

You mean 'Hoe bee' who as a Governor could not solve common erosion problem for 8years?

7 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Appletek: 10:20am On Mar 21, 2024

Theunbothered:
At this time last year the rate was 486 to 1 on the official market now it is 1492, and we are supposed to be happy. Demonic thought process I swear.

It was subsidized at the rate seen last year. It has now ben floated.

5 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Angelfrost(m): 10:23am On Mar 21, 2024

Hmmm... Men go lose money Sha.

Those wey buy when it was above 1500 will cry blood.

Except they will play the long game, and hope by some expected cluelessness down the road, the Dollar gains back against the long-suffering Naira.

6 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Funkyswagzz(m): 10:24am On Mar 21, 2024

softtorce:
Your obidient ipob mate are wailing in relentless pain n agony as they are losing in billion hoping n praying that naira will fall to ₦2000 before they sell. Sadly for una we can all see what is happening.

Bros you don't understand anything concerning business because of this comment. Its obvious you not into business so don't put ur mouth on what u know nothing about

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Segzy19: 10:25am On Mar 21, 2024

Another bad news for who their candidates lost in the last election....

Oya start 😭😭😭😭😭😭

9 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Bluearrow: 10:25am On Mar 21, 2024

Appletek:
Go and buy more dollars na.
It is 1,250 on GTB this morning.
Una go cry taya.

So u mean if I need dollar now I can get it for 1250 at gt bank? Lol

1 Like

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Odibembem: 10:26am On Mar 21, 2024

Ogbuu101:
Oga,dollar was 500 when your destroyer in chief took over.
Tell him to take it there b4 you start making noise all over when dollar was actually sold above 1500 yesterday

It was a different era then, naira was being subsidized which gave it an artificial value and it was too costly for Nigeria, we were borrowing to sustain it's value. So now d naira is no longer subsidized so this is good news. If d naira can stabilize to N800-N900, I will celebrate Cardoso and PBAT as d greatest ever

15 Likes 1 Share

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by spiSeyi: 10:27am On Mar 21, 2024

Where's this guy grin

As a profound digital assets and FX trader cool

I told Nland kids that USD will crash and I predicted 1,300 in the first quarter but most of them like this guy called me names.
The case of Naira falling against the USD in an ambiguous manner is just like the case of tulip bulb in the 18th century. Those who bought at 1800 expecting 2k + should count their loss and move on grin

11 Likes 1 Share

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by frankson1(m): 10:29am On Mar 21, 2024

GentryAbi:
If you have single functional brain cell you should know that the value of naira was artificially defended on monthly basis during those dark ages of voodoo economy headed by emefiwerey.
But what do I expect from someone supporting Peter Gringory Obi? The only requirements to join obicunts movement is to stop using your brain

Can't you just pass some comments...why worry yourself trying to explain to people with little or no understanding.

2 Likes

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by Slypz: 10:32am On Mar 21, 2024

So this will now be counted as achievement. Please ask yourself how we got to where we are now before aligning this to achievement

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by IbeOkehie: 10:33am On Mar 21, 2024

Current prices right now

Black Market 1520/$

CBN 1410/$

Aside all that, crude oil price keeps marching upwards. Which means higher subsidy costs for government.

While nominal forex price is painfully high, the REAL PROBLEM is the existence of a noticeable differential between CBN and black market. I trust I don't need to explain.

Good Luck to Nigeria.

1 Like

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by tamdun: 10:33am On Mar 21, 2024

Cindypresh:
You're happy that naira is #1580??

What about #216 when your buhari and Apc took power??

Are u sad that naira is bouncing back from 1900? Aren't we suppose to celebrate the gain?

8 Likes 1 Share

Re: Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX by frankson1(m): 10:33am On Mar 21, 2024

Odibembem:
It was a different era then, naira was being subsidized which gave it an artificial value and it was too costly for Nigeria, we were borrowing to sustain it's value. So now d naira is no longer subsidized so this is good news. If d naira can stabilize to N800-N900, I will celebrate Cardoso and PBAT as d greatest ever

Trust me, he won't understand so I won't be surprised if he replies you with insults and balabulu.

6 Likes 1 Share