Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,156,455 members, 7,830,268 topics. Date: Thursday, 16 May 2024 at 07:00 PM |
Nairaland Forum / Nairaland / General / Business / Naira Is Appreciating! But what does this mean? (2579 Views)
Naira Continues Appreciating Against Dollar, Sell At β¦β1,100 / Why The Naira Is Now Gaining Against The Dollar / How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. (2) (3) (4)
Naira Is Appreciating! But what does this mean? by TrennixGLOBAL: 10:13pm On Mar 26 |
Prior to threads such as these, https://www.nairaland.com/8041662/cbn-sells-forex-bdcs-n1251 https://www.nairaland.com/8038990/cbn-policies-paying-off-exchange The naira has appreciated up to some extent but during the past 2 weeks, i have received buy orders for USD of up to $1million and above including USDT by individuals. This has kept me wondering what the reason for the buying of huge dollar funds is? Then the thoughts of this present dollar crash been temporary keeps coming to mind. Again, there was this thread below which made me knew something must be going on,, https://www.nairaland.com/8040229/naira-gain-pressure-mounts-fx Why mount pressure on dollar hoarders to sell? You don't need to push or coerce someone to let go of something he is holding that it is worthless. Let him see what's happening and he will let go by himself knowing it is useless in the future without being told. When you try to force the person to let it go at all cost, it gives an indication that it is still useful or you want it or you know the use for it so you want to fool him. Then i see this thread and my suspicions are beginning to become true, https://www.nairaland.com/8042891/start-buying-dollars-now-usd 3 Likes 1 Share
|
Re: Naira Is Appreciating! But what does this mean? by bolaayenimo: 10:17pm On Mar 26 |
Are you just waking up? Didn't you hear Odunmeje used abidoshaker to bring it down? 13 Likes |
Re: Naira Is Appreciating! But what does this mean? by 99thEnemy(m): 10:32pm On Mar 26 |
bolaayenimo:and he has not touched the other powers yet. 16 Likes |
Re: Naira Is Appreciating! But what does this mean? by MaziObinnaokija: 10:35pm On Mar 26 |
God don shame the enemies of this obodo 9jA.The useless, worthless, hopeless people wish the $$ reach 2000k b4 Dec,but baba God nor gree for them. Shame on all Obidients ππ and ππππ 16 Likes 2 Shares |
Re: Naira Is Appreciating! But what does this mean? by Macdeey: 10:39pm On Mar 26 |
bolaayenimo:No !!! He actually used INDOBOSKY to bring down dollar rate π€£π€£π€£π€£π€£ 5 Likes 2 Shares |
Re: Naira Is Appreciating! But what does this mean? by rinzaugustine: 10:42pm On Mar 26 |
They pumped in $11bn from federal reserves, anytime they stop which is inevitable naira will go back to its now normal of almost 2k to a dollar . They are gambling on the idea that people will fall for the wayo and release their dollars so that it will stabilize the market to an extent 5 Likes 1 Share |
Re: Naira Is Appreciating! But what does this mean? by Kelklein(m): 11:10pm On Mar 26 |
Even a child knows that whatever the CBN is doing can't last if the fiscal side are not doing anything or continues their profligacy and recklessness. Economy is not run this way.. the current government is doing exactly what the Buhari government did.. showing that we haven't changed our ways. You can't leave only the CBN to be supporting the Economy while all you all do is pad budget, steal and stash money away especially the governors.. no productions or value-added production go on in any state in Nigeria... everyone just wait to get the money and stash it away.. Whatever the CBN is doing right now is like putting a BandAid on a sore... the bleeding would stop but only temporarily.. the ideal thing is to apply Antibiotics (production).. 15 Likes 4 Shares |
Re: Naira Is Appreciating! But what does this mean? by Aboks(m): 12:53am On Mar 27 |
Temporarily 1 Like |
Re: Naira Is Appreciating! But what does this mean? by MaziObinnaokija: 1:09am On Mar 27 |
God will make everything NEW. 4 Likes 2 Shares |
Re: Naira Is Appreciating! But what does this mean? by CodeTemplar: 1:26am On Mar 27 |
rinzaugustine:Gbajue economics that will be if true. Bullion Amhed Tinubu has done it again o. |
Re: Naira Is Appreciating! But what does this mean? by CodeTemplar: 1:29am On Mar 27 |
Kelklein:Some textbook obsessed economics hobbyist will say otherwise. I hope he isn't depleting the reserves dangerously to impress on the supply side of forex. 1 Like |
Re: Naira Is Appreciating! But what does this mean? by ElSudani: 1:36am On Mar 27 |
Kelklein: You have no idea what you are talking about. You've written a bunch of nonsensical stuff without shedding any light on how an economy is supposed to run. 2 Likes |
Re: Naira Is Appreciating! But what does this mean? by Christistruth00: 1:52am On Mar 27 |
It is happening because Nigerians are buying less imported goods and more Local goods For example people are making do with Local Palm Wine instead of Hennessy or Champagne and So they donβt need foreign currency to purchase foreign Wines anymore so the Naira is strengthening 8 Likes 3 Shares |
Re: Naira Is Appreciating! But what does this mean? by Allahnafalsegod: 1:52am On Mar 27 |
MaziObinnaokija: Maluuuuuu 4 Likes |
Re: Naira Is Appreciating! But what does this mean? by Yankee101: 1:56am On Mar 27 |
Kelklein: When I see a comment along the lines of my thought I just let that one do the talking This summarizes the issues 3 Likes |
Re: Naira Is Appreciating! But what does this mean? by MN07: 2:03am On Mar 27 |
MaziObinnaokija: Oga shut up and calm down. It will 5000NGN 2 Likes 1 Share |
Re: Naira Is Appreciating! But what does this mean? by MaziObinnaokija: 2:26am On Mar 27 |
same way you tell yo old man at home to shut up.When E reach 5000NG,hope u won't eat yourselves where u live MN07: |
Re: Naira Is Appreciating! But what does this mean? by MaziObinnaokija: 2:27am On Mar 27 |
Allahnafalsegod:NKITAAA ππ |
Re: Naira Is Appreciating! But what does this mean? by helinues: 3:09am On Mar 27 |
Allahnafalsegod: Stop being bitter and aggressive on innocent threads 1 Like 1 Share |
Re: Naira Is Appreciating! But what does this mean? by richie240: 3:20am On Mar 27 |
God bless Nigeria and Nigerians! 3 Likes 1 Share
|
Re: Naira Is Appreciating! But what does this mean? by TrennixGLOBAL: 3:30am On Mar 27 |
CodeTemplar: Unfortunately that is what they are doing. |
Re: Naira Is Appreciating! But what does this mean? by TrennixGLOBAL: 3:35am On Mar 27 |
Kelklein: I wish what you wrote was not true but it is and that's the truth. Only the blind ones will argue this fact stated here. 1 Like |
Re: Naira Is Appreciating! But what does this mean? by Asonaijaaso: 3:41am On Mar 27 |
INDABOSKI Has released Abido-Shaker If he releases Gandusa-Ganduje $1= 250naira. He is the man running the economy, even Cardoso and Edun consult with him every night. PS: Just joking Indaboski is just an entertainer and a comedian |
Re: Naira Is Appreciating! But what does this mean? by Allahnafalsegod: 3:53am On Mar 27 |
helinues: Nama 1 Like |
Re: Naira Is Appreciating! But what does this mean? by SenatePresdo(m): 5:46am On Mar 27 |
MaziObinnaokija: Is dollar reaching 2k before December impossible? |
Re: Naira Is Appreciating! But what does this mean? by MaziObinnaokija: 6:08am On Mar 27 |
seems u are new hia .Go thru all the post/thread like this from Jan to March.Even Gringori and his Eluups ππs yarns dust bout this. SenatePresdo: 1 Like 1 Share |
Re: Naira Is Appreciating! But what does this mean? by tunjijones(m): 6:27am On Mar 27 |
Kelklein: So production starts in one day or even one year? Nigerian have been used to importation forever. Some Nigerian can't even imagine themselves using Nigeria made product. Shey that one na still govt fault. 3 Likes 1 Share |
Re: Naira Is Appreciating! But what does this mean? by alimiadedayo1: 6:27am On Mar 27 |
Christistruth00:you brain has been turn upside down |
Re: Naira Is Appreciating! But what does this mean? by eteebanky1: 7:10am On Mar 27 |
alimiadedayo1: What of you? What do you have to say Beer parlour economist 1 Like |
Re: Naira Is Appreciating! But what does this mean? by emperor4love(m): 7:13am On Mar 27 |
rinzaugustine:stop teaching Nigerians economics wen de are don with there artificial pumping, eyes go clear nigerians 1 Like |
Re: Naira Is Appreciating! But what does this mean? by MaziObinnaokija: 7:24am On Mar 27 |
ISI EWU Allahnafalsegod: 1 Like |
Cargo Vans For Hire, Volkswagen LT Buses And Ford E250 Buses / How To Split Profit With Potential Investors/share Holders / Its Official MTN Recharge Card Pins Now Have 16 Digits
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 45 |