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Nairaland Forum / Nairaland / General / Business / Naira Continues Appreciating Against Dollar, Sell At ₦1,100 (32379 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 Ulogwe1: 8:24pm On Apr 08 |
I love this. CBN all hand must be on deck. No more laziness. 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Konquest: 8:26pm On Apr 08 |
emkz: |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by slimthugchimee2(m): 8:26pm On Apr 08 |
IMAliyu: Still the same thing that I said, nobody sought to report when it rose by over 1b early last month, but they went to report when it lost 1b Well you didn't know of this because it didn't suit an agenda 2 Likes |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 8:33pm On Apr 08 |
iamtoofan: I don't understand this topic?? But u agree?? Sigh!! No Dangote will not, to a great extent save us because we have other huge imports and corruption everywhere...dangote will only help a bit... With private firms like Dangote in the mix?? What has Dangote got to do with CBN corruption on FX dealings with importation....crude oil products is not our only imports naaaaa |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Ulogwe1: 8:40pm On Apr 08 |
I love this news. CBN, all hands must be on deck. No more laxity. God bless Nigerians. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Goodlady(f): 8:45pm On Apr 08 |
MetalJigsaw:I still buy things at costly rates 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by IamCookie(f): 8:59pm On Apr 08 |
advanceDNA: So I heard too. Yesterday's actions often reflect in today's reactions... Everyone trying to cash out before leaving the stage |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by EnterpriseMan: 9:09pm On Apr 08 |
Image123:I don't really care how much it is. I'm above the level where it changes how I live my life. I might shrug if prices are high but it won't matter to me. To answer your question I would prefer if it was below N200 per $ like it was before APC came in. And you don't act confused now. What do you think the implications of borrowing billions and throwing it into the fx to back the Naira would do. If you're not familiar with Trading, ask someone who is. I trade for a hobby so I know the implications. When you stop supporting it, it will bounce right back to where it was and the money borrowed to support it becomes close to worthless in a lame man's term. One of the major issues is BDC. They need to be completely removed. Do you know BDC still sells at $1400? I bought dollars today at N1400 and tge so called rate is N1241. If there's dollars to sell to BDC, why not let the banks sell it directly to the consumers |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by MetalJigsaw(m): 9:12pm On Apr 08 |
Goodlady:You see? |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by HBB1(m): 9:14pm On Apr 08 |
EnterpriseMan: Report the BDC simple. Don't be part of the rot! |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by hansomb: 9:15pm On Apr 08 |
May the stregthning of dollar favour me and my family. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by hansomb: 9:15pm On Apr 08 |
hansomb: |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by charlsecy(m): 9:23pm On Apr 08 |
emkz:Prediction was based on prevailing circumstances. You can't condemn him after the fact. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Goodlady(f): 9:23pm On Apr 08 |
MetalJigsaw:I see it. But dollar is now N1200 which is improvement. Hoping it ll crash more and those neighborhood prices ll come down too gradually |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by iamtoofan: 9:40pm On Apr 08 |
advanceDNA: So many things you said that are wrong which you will rather not admit but shift the goalpost, no one is against upscaling local production US has trade deficit, yet china with the highest trade surplus is 2nd to US ...you are entitle to your opinion but where they are talking facts please just watch and learn 1 Like
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Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by IMAliyu(m): 10:06pm On Apr 08 |
slimthugchimee2:Nobody sought to report when it rose? What are you trying to argue fam? That was all over the front page of NL, and bunch news reports. A simple search could disprove that. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by IMAliyu(m): 10:09pm On Apr 08 |
garfield1:Fair enough |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by christejames(m): 10:14pm On Apr 08 |
Basic123: Why are you quoting me? Do I look like your father? |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by fortune1968: 10:24pm On Apr 08 |
Richtaiwo:Really ,I don't know their problems ,They hate the country that has given them much because Obi lost election and he will lose again should he contest .They don't know how to be diplomatic in relationships and politics 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by fortune1968: 10:28pm On Apr 08 |
IamCookie:Learn to hear good things . Nigeria gave Dangote crude oil . |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by God2man2again(m): 11:03pm On Apr 08 |
How do we bring down the prices of goods? |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by emkz: 11:05pm On Apr 08 |
charlsecy: No sensible economist would have made such an uninformed, puerile, uneducated, ignoramus, pig-headed, hare-brained and completely infantile prediction. What he did is called speculation. There is no sense in it. |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by LordAdam16: 11:50pm On Apr 08 |
karkinase: No one will fight the CBN during the intervention. In financial markets, this phenomenon is called "Don't fight the tape" or "Don't catch a falling knife" or "The market can remain illogical longer than you can remain solvent." The prevailing trend right now is downward and this is not a free market. The duel will commence when the CBN does the victory dance after hitting its rate target. As you'd notice, buyers and sellers in all FX windows rapidly change their prices immediately after every CBN peg. No one will waste their resources when they know they'd be able to get the $ cheaper by waiting and make bigger profit afterwards. The US Dollar is backed by $3 TRILLION worth of exports. And Nigeria is an economic basket case. In the medium term, everyone on this thread will buy $ at above 2500. Water seeks its own level. -Lord 2 Likes |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Niok: 11:59pm On Apr 08 |
Richtaiwo:efulefu dn yarn dust as usual |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Vision101(m): 12:15am On Apr 09 |
Melagros:Nigerians are wicked by nature. When the value of naira depreciated the traders sold their old stock at the current rate then. When the value appreciated the same traders refused to sell at the current rate. Who's fault is it? Government or Nigerians? |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by advanceDNA: 12:40am On Apr 09 |
iamtoofan: As usual U just came to be condescending .that's all |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by JapaPrince: 12:41am On Apr 09 |
blacknp:Been holding dollars as reserve since 2018, best financial decision I ever made. I’m willing to wait even it takes 3 years and I’m buying more. You can sell yours |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by blacknp(m): 2:33am On Apr 09 |
JapaPrince:Holding the dollars as a souvenir or what? because in reality, you are not making any sense. You bought dollars @ 500 last year, it got to 1500 but you didn’t sell, you held it, until it fell back to 1200? Because if you make your money In dollars, there will be no reason for you to hoard it , since your inflow is regular, weekly or monthly? 1 Like 1 Share |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by pacespot(m): 3:09am On Apr 09 |
advanceDNA: Thanks for educating that rotten brain Agbado man |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by pacespot(m): 3:24am On Apr 09 |
It is actually foolish to say Naira is appreciating when it is still trading at above N1000 per $ |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by JapaPrince: 3:27am On Apr 09 |
blacknp:Save your money in Naira. I will save mine in dollars. Only Time will tell who made the best decision. Peace 1 Like |
Re: Naira Continues Appreciating Against Dollar, Sell At ₦1,100 by Blazetrailer: 4:17am On Apr 09 |
No markerter imports fuel since June last year. Only NNPCPL does. Oluwademilade: |
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