Ezeego1:


The price of my imported goods remains the same please.

I cannot buy dollar at 1,800 and you expect me to bring the price down. That's not gonna be possible. My 2 warehouse are stock with goods I bought at the rate of 1,800.

For now the price remains the same please. Thank you

That's theft.... u bought at 1800 and u will most likely sell at 2000... but u will go back and restock at 1400 ...making a profit of 600... but if u bought at 1400 , to sell at 1600... but the rate rose to 1800, will u still sell at 1600...u would definitely sell at 2000 , using the excuse that u have to restock... so why cheat the market out of greed?? That's criminal and people like u should have their goods seized

tiswell:
Naira appreciation wen nor dey ever affect the high cost of goods and services in Nigeria,is that one appreciation?

Tell your brothers importing to stop adding prices to goods cus they don't buy dollar at 1980 again... Why still adding to prices of goods...

Omoboricash:

Now that the Naira is appreciating, the price of goods still remain the same when rate was 1900.
We are our problem to ourself.

Or 1980... Price is even going up ... Masses and politicians same same

Putindbutt:

That is the wickedness of nigerians to eachother. The cost of food was an artificial inflation and now that dollars is coming down, what's the excuses again?

Local food and dollars ...

VIKTO83:
Yes for the moment it's not influencing d cost of goods and services expecially food and drugs.
But in few weeks to come when they must have sold all the goods bought during d High inflation period, they won't have option than to sale at lower price since they would have bought at lower price too.
Though Nigerians are naturally wicked to one another.

How many of them still got goods bought at 1980/$

Fearurcreeator:

Tell your brothers importing to stop adding prices to goods cus they don't buy dollar at 1980 again... Why still adding to prices of goods...

Bolaji,rest!

You can post without tribal coloration(s)

Fearurcreeator:

How many of them still got goods bought at 1980/$

That's why I said Nigerians are deliberately wicked.
D woman selling okro will tell u Dollar had risen

Beverlyjean:


That's theft.... u bought at 1800 and u will most likely sell at 2000... but u will go back and restock at 1400 ...making a profit of 600... but if u bought at 1400 , to sell at 1600... but the rate rose to 1800, will u still sell at 1600...u would definitely sell at 2000 , using the excuse that u have to restock... so why cheat the market out of greed?? That's criminal and people like u should have their goods seized

Come to my warehouse my security guards will blow off your head.

Na you give me money to start business? Abi na me carry dollar go up? Na for my hand una wan take regulate price abi 😁😁

Never see the effect on the commodities especially foodstuff, cement and others..it only affect some areas like those selling machine parts and motor parts..

You bought items at higher price to sell, naira now appreciate you now sell below cost price..it a pity

EASYLIFE4US:

They're trying to mop up the dollars and boom, more naira starts chasing fewer dollars and kaboom naira drops to 2500 to 1usd.

No be small conspiracy.
Even BDC that is never short of dollars preaching the same nonsense like they don’t understand that dollar is not about Naira.

Ezeego1:


Come to my warehouse my security guards will blow off your head.

Na you give me money to start business? Abi na me carry dollar go up? Na for my hand una wan take regulate price abi 😁😁

Pls where is that your warehouse located? If you drop the address and it's not sealed within 24hours, call me baastard

Ezeego1:


Come to my warehouse my security guards will blow off your head.

Na you give me money to start business? Abi na me carry dollar go up? Na for my hand una wan take regulate price abi 😁😁

That's y u sound so silly... ur warehouse will get shut down and ur good seized while u and ur security gets arrested....

We no give u money start business , but u wan use ur goods defraud us .... u are nothing but a low budget petty thief that can't make money without cheating others...

U no carry dollars go up...but u no also carry am come down....abi u can only see it go up , but when it goes down , u become blind and deaf ...

Don't worry, plans are in place to come for people like u...

tefishy:
wonderment. Naira no wan gree again.

Make it 1 naira to $500

Nigeria no gree for anybody, naira is 9ja currency.

Beverlyjean:



That's y u sound so silly... ur warehouse will get shut down and ur good seized while u and ur security gets arrested....

We no give u money start business , but u wan use ur goods defraud us .... u are nothing but a low budget petty thief that can't make money without cheating others...

U no carry dollars go up...but u no also carry am come down....abi u can only see it go up , but when it goes down , u become blind and deaf ...

Don't worry, plans are in place to come for people like u...

Hahahahaha 😂😂

Oya look for the location of my warehouse and seal it up.
You think say everything na by gra gra?

Dey play🤣🤣

DrAkpamudehe:

I can't be deceived. Until it goes below 800$ then I will give tunubu a pass mark. Until then, Apc and agbadorians should furck off

The moment the PH refinery begins to sell products, $$$ will go below 500.

OBIDENTs will not been



happy




Dey mind Na dey bad Nation

Putindbutt:

That is the wickedness of nigerians to eachother. The cost of food was an artificial inflation and now that dollars is coming down, what's the excuses again?

so the price of ounje eko that was high was created by the wickedness of lagos state government, make una dey use una brain now
People sell what dey buy,its not in the interest of sellers for things to be expensive, they make more sales when things are cheaper
Tinubu bleeped up with his exchange rate policy

Birniwa:
In the past, every time Naira appreciates, the Dollar fights back even harder. But this time I tell you, we won't see anything like that. Thanks to Cardoso and his efforts of decimating the Binance's dollar speculators who have always been the driving force of out currency woes.

It's called trend, read about Dow theory of trend.
The highest dollar can go now against naira is 1600.
If there's a spike, it may go as far as 1680, and it will immediately drop below 1600 before the end of that day.
USD/ NGX is on a downward trend and it's a long journey.
Those who have dollars should seize the opportunity of dollars rally to sell off and not buy.
Whoever buy waiting for price to hit the previous high, will loose heavily.

I also found that Twitter thread where one guy claimed dollar is generally weak presently and almost all currencies are appreciating against dollar, it's not peculiar to naira.
Except for the Egyptian pound and Argentine peso that were both devalued very recently. A research on news about dollar would show you that it is at a low.

Summer is the season when the PTA demand for dollar goes up because of the frenzy of tourism and parents traveling abroad for convocations etc.
In Nigeria particularly, the start of the ember months sees demand because of more imports , and January because of foreign student fees.
We are also waiting for the FEC meeting where they might raise their interest rate, issue treasury bills or other fiscal policies that would make dollar attractive and raise its demand.
Nigerians should not be celebrating so wildly.

However, this present respite is very welcome. But it's more important that naira actually gains value in the market. Most important thing.

We also need to question the issue of fx backlog clearance - where the dollar supply came from. Hopefully not like the last time they used 12 months worth of crude to defend naira for 2 weeks.
It's worrisome banks are not selling, aboki is not selling but they are buying.
We are merely fighting speculative demand successfully. We need strategies for the coming real demand. and beyond "dollar talk" ask why there has not been any actual economic growth since this tenure began.

Great job! If the currency can be reversed to 1000 that would be great.

Ezeego1:


Hahahahaha 😂😂

Oya look for the location of my warehouse and seal it up.
You think say everything na by gra gra?

Dey play🤣🤣

Oboy ,dem dey tell you now you dey make mouth,When government get your time,you starts crying about victimization.

Tareq1105:


Your wish would never come to pass. Unfortunately for you, you don't even have the money to buy in June July. Enemy of good news.

I will remind you when it happens.. you people are celebrating 1300, meanwhile when your lord and savior entered , he met Naira @ less than 900

Nickelodeon93:
the dollar is just not in demand now, I hope by June/July when Naira is 2000/$ you will still say kudos to CBN

Relax and watch the events unfold, hope you've also heard that Nigeria's foreign reserve has risen to above 31 billions.

Tareq1105:


Your wish would never come to pass. Unfortunately for you, you don't even have the money to buy in June July. Enemy of good news.

No vex for am, he's a speculator in pains at the moment.

Iseoluwani:
i have a question

does trading affects forex?

if it does, does that mean that trading market can crash?

for a trader, which one is good


dollar should rise
or

dollar should fall

You will profit up or down, if you understand how the market works.

livinbygrace:


Oboy ,dem dey tell you now you dey make mouth,When government get your time,you starts crying about victimization.

Victimization Kee you dia

7lives:


You will profit up or down, if you understand how the market works.

hmmm. up or down

u mean whether it goes up or down, u go make ur money
thank you

DakulBilly001:

Be calming down because only good news and appreciation of Naira against dolar you would be hearing in that said 6 months.
Nigeria is in the rise again so I pray 🙏🙏

Amen... we are watching.

EponObi:


Jim Obazee! 😂 That guy!!!

He came in with the bulldozer and dismantled anything destroyable. The guy did a very clean job. He landed fast, precise, and devastating blows. Respect!!!

Yes Jim.
I am sure, throughout Tinubu’s tenor, they would still be implementing or working on his findings. There’s is a lot of rot in CBN - a lot.
Those staff are parts of the problems Naira has.

I still don't like Tinubu, but it seems he's doing well now. Nice one and I pray it continues more like this.

Yankee101:
Control the price of goods that are pegged at an exchange rate of 1800 already

No need to control. FG in partnership with private entities should just import such identified goods at the present exchange rate and be selling at lower prices. The hoarders will not have option but to bring down their prices if 'dem no wan chop their goods themselves'





We learn every day