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Nairaland Forum / Nairaland / General / Business / Naira Continues Appreciating Against Dollar, Sell At ₦1,100 (32563 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)
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Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Cuttycool(f): 4:24pm On Apr 08 |
In what way is the naira appreciating? If Tinubu does not return the naira to 150 per dollar, then he's a failed leader. 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Elliotwaveforec: 4:24pm On Apr 08 |
karkinase:Comrade, what broker is this? |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Oluchiugo: 4:24pm On Apr 08 |
Make una stop all these nonsense biko.......prices of foodstuff is still on the rise. 1 painter of Garri don jump from 2k last week to 3k today. Akpu wey people dey buy #500 about a month ago is now #1600 and una say Dollar dey drop? Make Una dey play 2 Likes |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by euwalaka: 4:28pm On Apr 08 |
Initial Gra Gra |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by karkinase(m): 4:31pm On Apr 08 |
erosimo:You are correct .. the next direction depends on the economic policy of the government |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by karkinase(m): 4:34pm On Apr 08 |
Elliotwaveforec:Exness |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by omooba969(m): 4:40pm On Apr 08 |
Richtaiwo: You probably don't recognise the vicious cycle in the Nigerian economy, or you still wonder why some economies are better and their currency stronger. Our politicians are only applying temporary measures to make things look appealing to foreign investors. Our politicians know the right things to do but it's rather tedious for them bcoz economic growth and development is about process. I laugh in Chinese 🤣. What you see here is just FX corrections, the exchange rate will still test the resistance again, break it and hit the $1 - #2000 mark...it's only a matter of time. 1 Like 1 Share |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by iamtoofan: 4:41pm On Apr 08 |
advanceDNA: Ok! but you didnt backup your claim, however i assure you, Nigeria net import of foodstuff can not be greater than petrol import lets be realistic here US and China are the greatest net importer of foodstuff but these two nation have the biggest economic in the world .. which invalidates your arguement 2 Likes |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Jughead29: 4:53pm On Apr 08 |
900/$ very sure, after retest of 1250 zone 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Dsimmer: 4:54pm On Apr 08 |
Nice one.. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by CCIA: 4:55pm On Apr 08 |
GreatrAnalyst:When old stock is no more. I install sense at an affordable rate. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by GreatrAnalyst: 5:06pm On Apr 08 |
CCIA: You almost sounded funny but then rather dimwitted, and disillusioned. Even if you are half human and you have been in Nigeria long enough, you would know that an average seller would rather make prices stay up than come down. Naira depreciated daily, prices of stuff responded by climbing daily. Now that naira has been appreciating for over 3 weeks, there is hardly commodity that has reflected that, and you think the sense you claim to install you don't need it yourself? 2 Likes |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 5:08pm On Apr 08 |
iamtoofan: U funny........It doesn't invalidate my comment.u are just trying to deceptively make it appear so ......because u saying china and US are biggest importers hence imports yet have the best economy is a one sided statement......u know its because of their export..same US and china are the biggest exporters in the world.. Baba....importation is not even a bad thing especially if u have a good exchange rate..if u have the export to back it up....... We don't have the export.....but Reno just fallaciously claimed gat Dangote's operation will automatically boost naira even said those with dollars will cry....they won't cry...because the naira won't improve greatly.... If Dangote wants to vex now..he can even decide to demand for dollars from oil marketers since he's buying the crude he's refining in dollars from Have u accounted for corruption in this whole matter...Nigeria is the more u look the less u see ooo 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by omooba969(m): 5:08pm On Apr 08 |
Tflex01: Did you say good news? 1 Like
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Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by yommen: 5:12pm On Apr 08 |
advanceDNA: All your talk na under probability. 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by CCIA: 5:13pm On Apr 08 |
GreatrAnalyst:Blame your fellow greedy Nigerians, not the government. lean witted member of the sheeple. 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by yommen: 5:13pm On Apr 08 |
ignis: Sadist. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by omooba969(m): 5:13pm On Apr 08 |
Angelfrost: That's 👇 that's the clue right here.
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Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by slimthugchimee2(m): 5:16pm On Apr 08 |
IMAliyu: Only someone that did not actually study this chat will fall for this If it's been subsidized, tell me how the FR was at 32b around the Feb(peak of naira collapse) but rose exponentially in match when they started the naira defence you claimed? 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by IamCookie(f): 5:21pm On Apr 08 |
advanceDNA: Are we dashing him crude oil? Dude is paying for every crude oil feedstock in US dollars. If the FG wants to help Nigerians pay less, it would sell crude oil to Dangote Refinery in Naira but it doesn't want to for 2 reasons. If it does sell to Dangote in Naira, Dangote can take advantage undercut supply to Nigerian marketers, whilst selling a large quantity of refined petrol to his international market in Africa, thereby making huge profit ( ie buying crude oil in Naira and selling refined products in dollars). Na Dangote naa. They know he is a smart crook. Secondly, in the event that Dangote plays ball and sells in Naira to Nigerian marketers, Nigerian petrol would very cheap, and then the same marketers would be diverting products across the borders for heavy gains, just like they were doing during the heavy subsidy era. Nigeria na complex country, i swear down. 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 5:22pm On Apr 08 |
yommen: My talk is even more plausible than Reno's claims... because after we stop importing fuel which is good.....we are still on importing other things even toothpick and all types food including fish, so the demand for dollar won't go away..... Don't forget corruption....the most common factor in Nigeria....shebi na Nigeria we dey the govt has no plan to take the exchange rate less than 800-1000naira.... They said it a week ago naaa...that any one expecting exchange rate less than 800naira is deceiving himself because they know they have no plans to drive export or improve economy...all they are doing is pegging the currency with our current dollar earnings because the inflation was getting too much |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 5:25pm On Apr 08 |
IamCookie: I heard We are not even selling crude oil to the Dangote...the man imports crude oil in dollars from outside |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by GreatrAnalyst: 5:25pm On Apr 08 |
CCIA: You have contradicted yourself in one sweep. Old stocks finishing, Your greedy Nigerians are responsible... Your IQ is that low? Must really be hard for you to cope being less than the average of the average. But no sorry, just avoid discussion above your wits. You should be okay, may be. 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Fremodex: 5:31pm On Apr 08 |
You be olodo...tinubu met dollar at 760 thereabout and before it come down to that, it took emefiele and co a lot of work by constantly bursting BDC operator. socialmediaman: 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by socialmediaman: 5:34pm On Apr 08 |
Fremodex: "E never even reach anywhere near 760 you don de foam for mouth. SMH. Close your mouth first, when e reach 760 you can start vomiting your ignorance". |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Angelfrost(m): 5:34pm On Apr 08 |
omooba969: Really?!! This better be a joke. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by stevups(m): 5:42pm On Apr 08 |
emkz: Oseni Rufai can't be taken seriously.. he fell down last year, maybe he sustained injury |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by IMAliyu(m): 5:44pm On Apr 08 |
slimthugchimee2: https://nairametrics.com/2024/04/07/nigerias-fx-reserve-dips-by-1-02-billion-in-18-days-on-cbns-naira-defence/ |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by bal4real: 5:44pm On Apr 08 |
ryloy: Npama, when tinubu was contesting, didn't he know what was at stake? Yet, claimed he could handle the situation. His knee-jerk policies, is it what an economist, as he claimed, should have done in the first place, without any arrangements in place to cushion the effect? Let us not support/defend blindly, out of bigotry, etc. Tinubu got it all wrong in all ramifications. The poor masses are the ones bearing the effects of tinubu's bad policies. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by nedu666: 5:45pm On Apr 08 |
I don't believe bdc survive on $10k a week on 2 naira spread. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by dreamxhaser: 5:52pm On Apr 08 |
nedu666: 20k naira profit per week. Thats a lie |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by nedu666: 5:54pm On Apr 08 |
Richtaiwo: You are short sighted. Who are you calling hoarders, ordinary Nigerians, minimum wage earners, people earning 100k as salary. The people who are buying and hoarding dollars at any price are those who have stolen billions of naira at all levels of govt. If it falls, they will still buy more because most are transferring it to secret bank accounts abroad. Nothing concern common man with dollar hoarding. Tell reno to take his preaching to govt officials |
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