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Naira Appreciates To N1,250/$ At Parallel Market - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Appreciates To N1,250/$ At Parallel Market (18028 Views)

Naira Appreciates To ₦‎1,280/$ At Parallel Market / Naira Appreciates To ₦‎1,650/$ At Parallel Market / Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window (2) (3) (4)

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Re: Naira Appreciates To N1,250/$ At Parallel Market by OfoIgbo: 9:55am On Apr 02
proff010:
Good one, by end of May dollar will be 500 to naira in Jesus name.


At the moment, we are even praying for the exchange rate to come down to Buhari's unimpressive level of 800 to 1 dollar

1 Like

Re: Naira Appreciates To N1,250/$ At Parallel Market by Morenikeji090(m): 10:02am On Apr 02
Obident are morons lol
EmperorCaesar:
Obidents, lets cry

PBAT is Progressive
Cardoso is Progressive
Nigeria is Progressive
Obidients are cheesy cheesy cheesy

5 Likes 1 Share

Re: Naira Appreciates To N1,250/$ At Parallel Market by TrackerSK: 11:11am On Apr 02
Propaganda,why is it not reflecting on the economy?

2 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by Newton1045: 11:12am On Apr 02
Thank you God

3 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by nedekid: 11:13am On Apr 02
Amen ohh.
May it reach ₦200 IJN.

5 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by GreatManBee: 11:14am On Apr 02
Melagros:

And the prices of goods and services will remain high. So, where is the change that you promised us?
Who promised you change? Keep deceiving yourselves.
Re: Naira Appreciates To N1,250/$ At Parallel Market by MT: 11:14am On Apr 02
It is now 1180 at the parallel market

8 Likes 1 Share

Re: Naira Appreciates To N1,250/$ At Parallel Market by Timmi: 11:15am On Apr 02
Melagros:

And the prices of goods and services will remain high. So, where is the change that you promised us?

The price of goods remains high because of greed. That’s man’s inhumanity to man.

6 Likes 1 Share

Re: Naira Appreciates To N1,250/$ At Parallel Market by Imert: 11:15am On Apr 02
And yet nothing is coming down,
when the dollar rises to 1700 inflation increases by 300%,
now that the same dollar is 1250 nothing changes,
The enemy of nigeria is nigerians.
Nonsense.

6 Likes 1 Share

Re: Naira Appreciates To N1,250/$ At Parallel Market by Warriorprince(m): 11:15am On Apr 02
Putindbutt:

It was sold for 700 but you guys won't talk about the billions of dollars that was used to defend it.

So they have stopped defending the naira?😂. Do you know how many billions that have gone into bringing it down this year alone?

2 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by ttobizz(m): 11:15am On Apr 02
helinues:


Which one is like some Obidient do say, you are not even proud to associate with the group anymore even though you are one of their members( Shame)..

How many flagyl have you taken after reading this news, the running stomach no go be here.

This na just the beginning of shitting intestines, cos that's what hatred for one's country do cause

You suddenly found your voice
Re: Naira Appreciates To N1,250/$ At Parallel Market by nawaforyouo: 11:17am On Apr 02
MT:
It is now 1180 at the parallel market

not true bro

Still around 1245-1265

4 Likes 1 Share

Re: Naira Appreciates To N1,250/$ At Parallel Market by BondRiv: 11:17am On Apr 02
Melagros:

Absolutely, yes, the government should be held liable, because the evil government of the apc had promised us heaven on earth. So, it should resign if it's incapable of fulfilling her promises

Absolutely not. Go and face your fellow greedy countrymen. You guys like to blame the government. Same people who kicked against price regulation.

6 Likes 1 Share

Re: Naira Appreciates To N1,250/$ At Parallel Market by MT: 11:19am On Apr 02
tollyboy5:
How black market com cheap pass official rate ?

I wonder too.

The reason is since the dollar is dropping in value everyday, the mallam needs to create a buffer for themselves to accomodate the risk.

For instance, it is 1250 right now. If they change it at that rate for you and it drops tommorrow , they run at a loss. So they will change it for less (N1180) as of now so that before the CBN rate gets to 1180, they would have hopefully sold it off and make gain.

Gone are the days when Mallams sell at arbitrary price.

I don't know if I pass my message across well.

5 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by StraightGaay: 11:19am On Apr 02
Even my fragile di.. Ck can stand longer than this naira.

2 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by oliverwrites: 11:20am On Apr 02
thesicilian:
It can jump from 700 to 900 in less than 24hrs but when it's time to appreciate you'll be seeing a 50 naira decrease in 7 days
You are so sad it is appreciating but don't want to say it.

4 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by motionarena: 11:20am On Apr 02
Mumu appreciation
As e dey appreciate things are getting more expensive in the Markets

Abeg make e dey depreciate

1 Like

Re: Naira Appreciates To N1,250/$ At Parallel Market by rahmontech(m): 11:20am On Apr 02
yet chipper cash is selling at 1430/$ as at this morning. I wish the FG stomp on these bastards. chipper cash are thieves sabotaging the efforts of the FG. something should be done.

they buy 1194 and sell 1430.

5 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by FireUpNow(m): 11:20am On Apr 02
Yet no corresponding effect on food and other commodities prices. Foolish and evil people

1 Like

Re: Naira Appreciates To N1,250/$ At Parallel Market by Saviourk: 11:20am On Apr 02
This is good news. I just hope the prices of goods can as well go down

1 Like

Re: Naira Appreciates To N1,250/$ At Parallel Market by Xox1945(m): 11:21am On Apr 02
Dollar 💰 will go up to 2000 per $1

1 Like

Re: Naira Appreciates To N1,250/$ At Parallel Market by justmondris: 11:22am On Apr 02
Melagros:

And the prices of goods and services will remain high. So, where is the change that you promised us?

It will not reflect on the price of goods instantly because alot of businesses still have goods that were purchased at the former rate in their warehouse. It will take several months for it to have a positive impact on the prices of good and services. The greed of our business owners will also delay this impact

4 Likes 1 Share

Re: Naira Appreciates To N1,250/$ At Parallel Market by MT: 11:23am On Apr 02
nawaforyouo:


not true bro

Still around 1245-1265


Nah. How can they buy from you at 1265 naira when CBN sells at 1250 naira.

Mallam wont buy at that rate.

2 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by Yugoos: 11:23am On Apr 02
JUST TAKE IT BACK TO WHERE IT WAS ON MAY 29TH 2023. ALSO RETURN FUEL TO 187 BEFORE CLAIMING BALABLUE APPRECIATION

2 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by Validated: 11:24am On Apr 02
EmperorCaesar:
Obidents, lets cry

PBAT is Progressive
Cardoso is Progressive
Nigeria is Progressive
Obidients are cheesy cheesy cheesy

Why not stop your foolishness for once. People are talking economic improvement you are concerned with Obidients. Have you even eaten?
Re: Naira Appreciates To N1,250/$ At Parallel Market by motionarena: 11:24am On Apr 02
Imert:
And yet nothing is coming down,
when the dollar rises to 1700 inflation increases by 300%,
now that the same dollar is 1250 nothing changes,
The enemy of nigeria is nigerians.
Nonsense.

Its even still increasing
I no understand our economics
Re: Naira Appreciates To N1,250/$ At Parallel Market by Is04970: 11:25am On Apr 02
proff010:
Good one, by end of May dollar will be 500 to naira in Jesus name.
Amen and Amen

3 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by nawaforyouo: 11:26am On Apr 02
MT:


Nah. How can they but from you at 1265 naira from you when CBN sells at 1250 naira.

Mallam wont buy at that rate.

I am telling you as at this morning in south south, confirmed

There is no where anyone is selling his dollar at 1180 in my area now, not even 1200
Re: Naira Appreciates To N1,250/$ At Parallel Market by Putindbutt: 11:26am On Apr 02
Warriorprince:


So they have stopped defending the naira?. Do you know how many billions that have gone into bringing it down this year alone?
Tell me the billions, maybe na your papa gave them the billions to defend it. ode

5 Likes

Re: Naira Appreciates To N1,250/$ At Parallel Market by DenreleDave(m): 11:26am On Apr 02
grin

1 Like

Re: Naira Appreciates To N1,250/$ At Parallel Market by MT: 11:27am On Apr 02
nawaforyouo:


I am telling you as at this morning in south south, confirmed

There is no where anyone is selling his dollar at 1180 in my area now, not even 1200

It is 1180 in the SW
Re: Naira Appreciates To N1,250/$ At Parallel Market by DenreleDave(m): 11:28am On Apr 02
TrackerSK:
Propaganda,why is it not reflecting on the economy?

Obirodent..... Go and check crypto website and see for yourself.. Stop crying on obi behalf

3 Likes

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