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Naira Depreciates To ₦‎1,300/$ In Official Market - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Depreciates To ₦‎1,300/$ In Official Market (23813 Views)

Naira Depreciates To N1,305/$ In Parallel Market / Naira Eyes N1,300/$ At Parallel Market As Speculators Offload FX / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens (2) (3) (4)

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Re: Naira Depreciates To ₦‎1,300/$ In Official Market by IfnobeGod20: 7:02am On Apr 24
Fearyourcreator:

Igbos wants Nigeria destroyed if an igbo man is not president... Fake products people... Enikure se .. ema shofo bi omi efi ni... Na ailment go collect that wicked profit finish for your hand ... Disease wey no get cure go plague una kinsmen ... Eyin oloriburuku yi ... Enikure you and that aquilani abi Wetin be him name ... If na real estate una dey use the money iji lo ma wole na ... Eyin alaiye baje Yi ...
Why all this bile on top of wetin? It is uncalled for. E ma gbeje fori. Ti o ba pa ara e tori enikan, o kan waste life e ni. Those you're fighting for doesn't even know you're existing and till tomorrow they will not even still know. E fara bale, e ma ku ni rewerewe.

13 Likes 2 Shares

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by VeeVeeMyLuv(m): 7:03am On Apr 24
It fluctuated btw a low of 1000 & high of 1317 yesterday

1 Like

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Zeebuy: 7:04am On Apr 24
Dennisochampa:
... When naira appreciates against a dollar... Does it increase or decrease....

Learn to get the message before making a fool of yourself...

If una like una cry blood... Obi will never rule 9ja

Your economy is failing and will keep failing when you keep voting useless leaders into power. Anyways, the more it fails the cheaper I buy properties in choice areas in this country, so y'all can go ahead to vote incompetence due to tribal and political affiliations

8 Likes

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by theredaddy: 7:05am On Apr 24
mrvitalis:

No body is happy, but it's like we told you so

Cardi b was using reserve, holders taught he was doing something nice till the report came out

Note dollar holders are the most educated n exposed Nigerians


Just one news and you all are celebrating and declaring heroes lager beer, .... we shall see who will have the last laugh

what is dollar holders ?? is that a career or profession and you claim you are educated
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Thomaslablancma: 7:06am On Apr 24

4 Likes

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by motionarena: 7:07am On Apr 24
Evil Markerters go now Increase prices
Due to dollar rise

1 Like

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Bkelly2: 7:08am On Apr 24
[quote author=Donaldoni post=129601824]This is good news for piiiigggs cheesy

But Nigeria will overcome!!!

Local production of PMS will end this nonsense once and for all.

[/quote}

If the Nigerian govt will borrow their brain sense to do so.. Everything is tied around fuel, production and exportation. Once these are tackled properly, then Naira can breathe. Get the four refineries working. Not just depending on Dangote refinery.. Or better still allow for modular refineries..by giving out licence to operate modular refinery. Tackle insecurity, so farmers can go to their farms....Then you will see the country doing fine. Nobody hates Nigeria, I want a better Nigeria. However, you cannot be rubbing Nigeria with cosmetics and expect it to last. The cosmetics will wash off someday....This is what has been happening with CBN intervention in forex sector. Anyway, they are doing their duty- Monetary policies. It does not work alone if the fiscal policy is lagging. I pray Nigeria gets better. Those who always refer to PO always in issues that has nothing to do with him....should be objective for once. Na PO be the president?

1 Like 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by KushLyon(m): 7:09am On Apr 24
AqualinaXYZ:



Make i no lie I’m so happy dollar is going back up



Infact nobody happy pass me and I pray a dollar should hit 10k before august



Has price of goods come down since dollar went from 1900 to 1100?



Since they all claimed to have restocked when dollar was 1900 then make them maintain same price now that dollar is going back like who drink viagra



For some of us earning in dollar since price of niara goods has refused to come down let dollar rise make we gain in dollar

Yes o. As someone who earns in dollars, I'm very happy with this current situation because since price of goods no gree come down, then make naira just go back to its previous position of 1900 or even 2k per dollar. My earnings just reduced since the price dropped from 1900 to 1100, but I'm still buying goods in the market for the same price as when dollar was 1900, this country no go kill me

3 Likes

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by omoredia: 7:09am On Apr 24
Are we sure that Cardoso has even school cert?

8 Likes 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by IfnobeGod20: 7:10am On Apr 24
theredaddy:



You right english so well yet you sounded outrightly like an illiterate

Despite all the explanations written on line, appreciation of naira can only reflect overtime una still det spew rubbish
I think most you just hide behind the market prices to vomit una wicked thoughts, you people never wish the country get better.

those wishing the economic to fall, whatever there gain is naa on top terminal sickness dem go dey spend am, there loved ones no go ever dey alright
You people should stop this narrative that some people doesn't want the good of the country or want the country to fall. No reasonable person will want the downfall of his country but when those in authority doesn't show sign of good governance and what is on ground does not commensurate with the resources expended while the citizens still wallowing in poverty and you expect such citizen to keep shut just because somebody or a tribe is the president. It doesn't make sense at all. Truth must be lay bare, our leaders are not getting things right and instead of us to put our voices together and spun them to work, we are fighting ourselves and cursing same time. Remember causeless curse shall not stand says the bible.
You guys just want to keep everyone to submission at all costs. This is a democracy, everyone has his right to opinion and they are at liberty to express it. Why should people expression of opinion be your infinite headache?

13 Likes 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Tochi360: 7:10am On Apr 24
StOla:
You are so happy with this news.

You are now motivated to rush out this news like when it was heading towards N2000 in February, but lacked motivation to rush out the news when it was appreciating downwards to N1000?

Guy what are you even doing grin

Remind Us how much was the naira before this evil curse called Apc came into this Country.

Una just dey allow rubbish politics berate common sense,the essence of politics is to make or mar the lives of the people involved,no be to just win elections.

Apc is the greatest calamity to befall this Country, after all your standing with them on SM Reality on the streets of Nija is that Apc is the greatest disaster to befall this Country.

6 Likes 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Dennisochampa: 7:13am On Apr 24
Zeebuy:


Your economy is failing and will keep failing when you keep voting useless leaders into power. Anyways, the more it fails the cheaper I buy properties in choice areas in this country, so y'all can go ahead to vote incompetence due to tribal and political affiliations

U deh buy property cheap , u deh complain grin grin

This thing wen your village people do u bad o grin grin..... Since your buying cheap properties as a result of the failing economy, why your small brain come dey touch na grin grin... Abi madness na normal thing for una family??
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by sokkatua: 7:13am On Apr 24
I dont mean to sound selfish but this is good news for the diaspora.This is the time to buy properties in Nigeria

1 Like

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Dennisochampa: 7:13am On Apr 24
Zeebuy:


Your economy is failing and will keep failing when you keep voting useless leaders into power. Anyways, the more it fails the cheaper I buy properties in choice areas in this country, so y'all can go ahead to vote incompetence due to tribal and political affiliations
.. Tribal or no tribal... Obi will "NEVER" rule 9ja
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Tochi360: 7:15am On Apr 24
Fearyourcreator:

Igbos wants Nigeria destroyed if an igbo man is not president... Fake products people... Enikure se .. ema shofo bi omi efi ni... Na ailment go collect that wicked profit finish for your hand ... Disease wey no get cure go plague una kinsmen ... Eyin oloriburuku yi ... Enikure you and that aquilani abi Wetin be him name ... If na real estate una dey use the money iji lo ma wole na ... Eyin alaiye baje Yi ...


Hahaha hahaha na Igbo make the naira fall grin grin grin grin grin
Na like dis you go dey your dying bed dey wail dey cry dey shout Igbo yoooo, Igbo yoooo cheesy grin grin na your destiny grin

14 Likes 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by theredaddy: 7:15am On Apr 24
Zeebuy:


The only reason it seemed the naira was appreciating was because the government was propping it up with our foreign reserves. Now they've depleted the reserves what do you think will happen?

Obi said the solution to Nigeria's quagmire is to move the country from consumption to production. He even outlined the best ways to utilize each region to their fullest potentials, but some people chose to support a man who said "na statistics we go chop"? and now look where we are, people no dey even see the statistics to chop 🤣🤣🤣

Your economy is failing and will keep failing when you keep voting useless leaders into power. Anyways, the more it fails the cheaper I buy properties in choice areas in this country, so y'all can go ahead to vote incompetence due to tribal and political affiliations


Stop all the under bridge analog jare, go and check the total money CBN as given to BDC operators since it began the % is so insignificant, go n verify

What depleted the Foreign reserve was the settlement of backlogs cardoso embarked on which is best recommended, if you paid debt its only nature your balance go lean but it reinburses your image to creditors

OBi is in no class to give economic advise, the idiot himself how is he contributing to local production, because OBi did not win a whole tribe want military to take over or Nigeria should fail at all cost ... so they can shout "we warn you"

Never seen such madness before, haba !
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Dyfynezz12(m): 7:16am On Apr 24
Chuknovski:
No wonder business people are reluctant to reduce pricing of goods
Yea,exactly cox they know it will still go up.
It didn't even take up to 2 months

1 Like

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Congrats321(m): 7:16am On Apr 24
Trustyourself:



Tinubu is working...

8 Likes 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Tochi360: 7:17am On Apr 24
theredaddy:



Just one news and you all are celebrating and declaring heroes lager beer, .... we shall see who will have the last laugh

what is dollar holders ?? is that a career or profession and you claim you are educated

All this talk and your Apc proism can never ever change the Reality dat Apc is the greatest calamity to befall this Country.

It's not worth it at all.

That daft clueless President should have just left everything the way he met it as e be se nothing dey him head to offer.

3 Likes 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by RomanGreen: 7:18am On Apr 24
StOla:
You are so happy with this news.

You are now motivated to rush out this news like when it was heading towards N2000 in February, but lacked motivation to rush out the news when it was appreciating downwards to N1000?

Let me tell you man, as much as I personally wish that Nigeria will be good, we can't pretend this govt is completely clueless. This same govt is defending the naira with our FX reserves and some useful iddiiotts are hailing them. The way naira will balloon to #2k/$ will be shocking. Until Nigeria begins to produce and actually export, naira will not realistically strengthen. When Tinubu abd co finish their abracadabra economics, we go know how far

6 Likes 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Congrats321(m): 7:19am On Apr 24
Donaldoni:
This is good news for piiiigggs cheesy

But Nigeria will overcome!!!

Local production of PMS will end this nonsense once and for all.

1 Like 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Bkelly2: 7:19am On Apr 24
Dennisochampa:
... When naira appreciates against a dollar... Does it increase or decrease....

Learn to get the message before making a fool of yourself...

If una like una cry blood... Obi will never rule 9ja

Wetin concern obi for this matter now. Everything obi....make una leave that man alone and concentrate on who is currently the president

11 Likes 2 Shares

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by dettolgel: 7:20am On Apr 24
Beverlyjean:


Where on earth do people pray that their countries currency depreciates , so that they can make money out of it...mention one country.... Nigerians are truly abnormal people ....

Businessmen around the world bet against currency irrespective of the country. I have worked on FX desk in an international bank across US and EU people bet against the dollars or euros depending on what was going on in the market then. Yes it is not about prayer it is about business interest.

Stop being emotional and put on your thinking cap when dealing with issues. Our biggest problem as a people is that Nigerians are too emotional and they allow emotions to get in their way of thinking.

10 Likes 2 Shares

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Kay25(m): 7:20am On Apr 24
Okay ooo let it go up again as u all want it up as if na bat and peter obi go suffer am
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by garfield1: 7:22am On Apr 24
IfnobeGod20:
No more naira to defend it again. When we told them that their approach to defending naira is not sustainable, they abused us and told us we are the enemies of the country. As the months goes by we will truly know are the enemies of the country between us and them.
We will continue to advise them on what to do, it is left to them to heed to our advise or not. They should go into heavy production of goods and services, especially agriculture and technology. Our goods must be exported to prove out worth and not this try and error approach they are doing. Lagos is not Nigeria. It is a different ball game all together. Lagos have all the resources of this world to survive, even if you put the dullest of this world to administer the state. Just as Prof. Pat Utomi said, you don't require a person with two heads to govern Lagos and that is just the gospel truth but their hailers doesn't want to hear that. Good luck to them. We pray for the survival of our country and the economy revamp in no distance time and may God grant them the foresight to do the right thing quickly before they put the whole nation into avoidable crisis.

Mr man,going into heavy production is not a tea party or something done within days but take years na.apply common sense.even obi couldn't turn anambra into a production hub.it is a long term project.but while you gradually turn to production,you must in the short term use some drastic measures just as the cbn is doing until you are ready to produce and export massively.please apply common sense
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by femmy2010(m): 7:23am On Apr 24
bet against the Naira at your peril.


N950 - N1,000 to a dollar would be attained in weeks.
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by theredaddy: 7:23am On Apr 24
IfnobeGod20:

You people should stop this narrative that some people doesn't want the good of the country or want the country to fall. No reasonable person will want the downfall of his country but when those in authority doesn't show sign of good governance and what is on ground does not commensurate with the resources expended while the citizens still wallowing in poverty and you expect such citizen to keep shut just because somebody or a tribe is the president. It doesn't make sense at all. Truth must be lay bare, our leaders are not getting things right and instead of us to put our voices together and spun them to work, we are fighting ourselves and cursing same time. Remember causeless curse shall not stand says the bible.
You guys just want to keep everyone to submission at all costs. This is a democracy, everyone has his right to opinion and they are at liberty to express it. Why should people expression of opinion be your infinite headache?



No one as asked anyone not to criticize or respond to the govt inefficiency, but someone wishing to our faces that Nigeria should crumble becos he earn in dollar .... he deserves all curses and beating self

All these nonsense we try here, in so called developed countries you can boldly come out nd wish your country bad under any guise and justify it, naa jungle justice or arrest But here one idiot is feeling fly cos he hoards dollar .. big shame

If you wana criticize, we need it, but those wishing the economic to fall so they can cash out to oppress, naa terminal sickness dem go use the money for
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by idahme(m): 7:24am On Apr 24
Donaldoni:


Where do you place dollar earners @bolded

Earn dollars, don't hoard it!!! angry

Dollar earners are also dollar holders, most only convert the ones they can use for their recurrent expenditure and hold the others in digital dollars.

2 Likes 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Dennisochampa: 7:25am On Apr 24
Bkelly2:


Wetin concern obi for this matter now. Everything obi....make una leave that man alone and concentrate on who is currently the president

His followers should leave tinubu alone and focus on nation building...

No nation ever prospers on the back of citizens who are constantly criticizing a sitting president but are not doing anything to salvage the situation of the country
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by dettolgel: 7:25am On Apr 24
theredaddy:



Stop all the under bridge analog jare, go and check the total money CBN as given to BDC operators since it began the % is so insignificant, go n verify

What depleted the Foreign reserve was the settlement of backlogs cardoso embarked on which is best recommended, if you paid debt its only nature your balance go lean but it reinburses your image to creditors

OBi is in no class to give economic advise, the idiot himself how is he contributing to local production, because OBi did not win a whole tribe want military to take over or Nigeria should fail at all cost ... so they can shout "we warn you"

Never seen such madness before, haba !

All I can read in your post is nothing but horse shit.

You could have stayed on topic and explained what the issues are and leave it at that.

Of course your day can't be complete without you making senseless comment. Can you tell us where you got the fact (through sample survey or census) that the "whole tribe want military to take over or Nigeria should fail at all cost.... "?

I really do not understand how you manage to get to the other side of the road safely on daily basis with this your level of reasoning.

11 Likes 1 Share

Re: Naira Depreciates To ₦‎1,300/$ In Official Market by Hotice085: 7:26am On Apr 24
AqualinaXYZ:



Make i no lie I’m so happy dollar is going back up



Infact nobody happy pass me and I pray a dollar should hit 10k before august



Has price of goods come down since dollar went from 1900 to 1100?



Since they all claimed to have restocked when dollar was 1900 then make them maintain same price now that dollar is going back like who drink viagra



For some of us earning in dollar since price of niara goods has refused to come down let dollar rise make we gain in dollar


So because you earn in dollar you think it is better for you Ogbeni you think the likes of Dangote reducing price don't have better information than you and others like you?
For the next 4years and another 4years of Tinubu get ready for dollar to be N700 and less
Re: Naira Depreciates To ₦‎1,300/$ In Official Market by idahme(m): 7:26am On Apr 24
frndfghtr:
Abeg keep your dollar tight , this sudden of dollar fall is not what you think

Naira fall you meant

1 Like

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