Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,811 members, 7,851,721 topics. Date: Thursday, 06 June 2024 at 06:27 AM |
Nairaland Forum / Nairaland / General / Business / Naira Continues Appreciating Against Dollar, Sell At ₦1,100 (32591 Views)
Naira Continues Appreciation Against USD At Forex Market / Naira Continues Recovery, Strengthens To ₦950 / How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Mynd44: 3:17pm On Apr 08 |
advanceDNA:Refined petroleum is our major import taking most than 65% of our FOREX. see attached picture 5 Likes 1 Share
|
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by saintmm(m): 3:17pm On Apr 08 |
I hope it's not a strategy just to coerce the savers in dollars to offload their dollars only but, true policies to strengthen naira. It is true policies that can be sustained and not some magical wands. We all want this country to work for us in reality and not on papers. 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by latonione: 3:17pm On Apr 08 |
The Aboki and/or BDC will be afraid to buy and keep for excessive hoarding speculative gain because you dont know the next announcement for take up will be lower. So you buy only your demand and the real value of Dollar to Naira will be know. Tinubu really dealing with so many people without major rancour, because if HE outrightly scrapped the BDC arrangements there will be outcry is some quarters. 7 Likes 2 Shares |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by iamtoofan: 3:18pm On Apr 08 |
advanceDNA: However you choose to look at it, Dangote turnover be it naira or dollar is beneficial to Nigeria GNP, The most important thing is balance of trade, in as much as our Export increases its will foster economic growth Nigeria sells Crude oil in dollars, how is it detrimental 2 Likes 1 Share |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by REALretep(m): 3:18pm On Apr 08 |
Another policy reversal...trial and error government 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by jaxxy(m): 3:18pm On Apr 08 |
Let's see how long the run lasts. Congrats. dollar might get to 200 Naira with the was cbn is running things like pure magical polices. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Sukkyy2010: 3:18pm On Apr 08 |
Melagros: Wait and see, be patiently watching naira to keep appreciating against dollar to the point that imported competitive product become cheaper than our local product. Then the Imported cheaper product will become predominant against the expensive local products and people will begin to trade off against the local ones and embrace the imported that's how to fight the greediness. 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 3:18pm On Apr 08 |
Codeye: Yawn..!!!!!.go and rest if u don't have nothing to say...... imports on fuel is not the only thing we are demanding dollar for in nigeria... the pressure on demand of dollar will not be heavily reduced as well because we are still heavily importing every other thing in this country including daily food.... 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 3:23pm On Apr 08 |
iamtoofan: Yes it will.... Read my text I said it won't be greatly significant...and my reason is we are heavily dependent on other imports...if crude oil products was our only imports then Dangotes fuel hitting the market will gigantically improve help |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by emdis: 3:23pm On Apr 08 |
Thing is . fG spends billions of dollars importing refined products, if we can buy su h products locally, the demand for dollars will drop.. naira appreciates,.. and dangote inflow of dollars will help the economy as well advanceDNA: 6 Likes 1 Share |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 3:24pm On Apr 08 |
Mynd44: Oga mynd..that picture is not complete...our import on food is way higher than that 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by DeNovo: 3:25pm On Apr 08 |
How is it a blow to people who bought dollars at 360? Look a vast majority of people change their Naira to Dollars TO PRESERVE THE VALUE and not necessarily to make pprofit. On that count they succeeded and are still succeeding. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by gigabyte13: 3:26pm On Apr 08 |
Another heart attack for the enemies of Nigeria..... Una mind no go touch ground. Nigeria shall rise again 4 Likes 1 Share |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Afamed: 3:27pm On Apr 08 |
$ slaves where Una dey? 1 Like 1 Share |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by obinna58(m): 3:28pm On Apr 08 |
Mynd44:Are you trying to convince people that Nigeria no longer import fuel? Shey you Dey us ni |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Tflex01: 3:28pm On Apr 08 |
Balistic4: Keep crying 😂 Naira is appreciating. 4 Likes 4 Shares |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 3:28pm On Apr 08 |
SmartyPants: U are just saying what I said in other English oga Ade....I ddnt say it will not help...I said it doesnt warrant the claims of reno.... And naira is not technically not currently winning..because this is not an actual gain that happens in a floating system...... CBN just decided to return the subsidy they removed by injecting our gained revenue or foreign reserves in the market... giving us the weekly changes ... 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by iamtoofan: 3:31pm On Apr 08 |
Osanoghodua1: FG importing foodstuffs will come at a cost plus subsidy which is not viable, the best approach to crash market prices is FG should open Land borders that will give needed competiton to all players even Northerners will be level-headed 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by muykem: 3:31pm On Apr 08 |
advanceDNA:You got it wrong. Nigeria major import as today is fuel. We will not need to search for dollars to import again if Dangote can supply us. Yes, Dangote will import some crude oil with dollars but also export finishing products. 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Afamed: 3:33pm On Apr 08 |
DeNovo: The questions are: Which year was $ sold for N360? Probably 7,6,5 years ago. Then what was your intention when you bought $ N360 years ago and you keep them till 2024? You are nothing but part of Jud+as Is-car+iot we are presently dealing with in Nigeria 5 Likes |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by JuanDeDios: 3:33pm On Apr 08 |
ignis:It is. But if the government knows its onions, this buys it time to put a few things in place to sustain the gains. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Joshcoli(m): 3:33pm On Apr 08 |
Mynd44: Should Dangote receive payment for his goods in dollars or naira? How would the value of the naira increase if Dangote receives payment in dollars for his products? I think buyers should exchange dollars for naira to pay Dangote, thereby increasing the value of the naira. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 3:34pm On Apr 08 |
emdis: Yes I ddnt deny that......but we are still heavily dependent of another imports.....my point is Reno's claims is a huge fallacy...and will not greatly appreciate the naira.....shebi we dey this Nigeria together 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Donaldoni: 3:34pm On Apr 08 |
Good news Piiiggs can grunt to death 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 3:35pm On Apr 08 |
zionstaar75: Idîot....Do u know how much dollars we use in importing other nonsense including food..... 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by zionstaar75: 3:36pm On Apr 08 |
advanceDNA:pdp did the same thing for 16 years and they were not wrong but now that apc is doing it u now realize it's wrong. U are irredeemable from your stupor. U are just confused that Tinubu is not failing like you anticipated 3 Likes |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 3:37pm On Apr 08 |
muykem: Do we have other imports ?? Is fuel the only index affecting our exchange rate..?? 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by 9JAMac10: 3:37pm On Apr 08 |
Nigeria shall be great again. Let’s bring it back to at least 800# on the dollar |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by zionstaar75: 3:37pm On Apr 08 |
Tflex01:as in ehn...very irritating |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Lovit(m): 3:39pm On Apr 08 |
You mean padded naira? wake me up when it drops to 650/$, that was where it was when Agbado took over BTW, what's the difference between what Buhari and Emefiele were doing and what Cardi B and Agbado are doing now? Why float a currency and within a few months comes back to pad and Fix it? why took us through hell only to come back to what others where doing when you came in? 1 Like 1 Share |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Balistic4: 3:39pm On Apr 08 |
Tflex01:as expected, you can't read. Go school first before you get a response from me again 1 Like |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)
₦1 Trillion Old Notes Received By CBN, Banks - Emefiele / I Need A Loan From Micro-Finance Banks / Nwanta Anayoeze Yonaracha Leaves Asians Scrambling For Money
(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. 49 |