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Naira Depreciates To N1,305/$ In Parallel Market - Business (3) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Depreciates To N1,305/$ In Parallel Market (20159 Views)

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Re: Naira Depreciates To N1,305/$ In Parallel Market by EdiskyHarry: 9:50am On Apr 25, 2024
Never believe APC government.
APC government was built on propaganda and deceit.
My happiness is more reasonable Nigerians now understand their gimmicks except the ones with foolishness in their genes.
Re: Naira Depreciates To N1,305/$ In Parallel Market by Lavor234: 9:50am On Apr 25, 2024
But Buhari was managing the problem better than this. If Tinubu means well, he should work with Emefiele and other economists to find out how they stabilised the Naira.
Re: Naira Depreciates To N1,305/$ In Parallel Market by millionboi(m): 9:50am On Apr 25, 2024
is at 1410 this morning
Re: Naira Depreciates To N1,305/$ In Parallel Market by odun99(f): 9:50am On Apr 25, 2024
Re: Naira Depreciates To N1,305/$ In Parallel Market by Chicentt(f): 9:50am On Apr 25, 2024
Our future president has spoken grin
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
Re: Naira Depreciates To N1,305/$ In Parallel Market by femicyrus(m): 9:51am On Apr 25, 2024
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
Go and sit down
Show us first the effects of the grants to farmers by emefiele
Re: Naira Depreciates To N1,305/$ In Parallel Market by Angelfrost(m): 9:52am On Apr 25, 2024
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
Really?! With bandits kidnapping, killing, and maiming farmers across the nation, and seizing their lands?!!

Abi, you haven't been keeping up with the happenings in your nation?!!
Re: Naira Depreciates To N1,305/$ In Parallel Market by badoh(m): 9:52am On Apr 25, 2024
Franklyspeakin:
the resultant effect of poor economic planning
It's very easy to criticize. Can we see your CV may be you have the magic wand to make a difference.
Re: Naira Depreciates To N1,305/$ In Parallel Market by Dee60: 9:52am On Apr 25, 2024
Yankee101:
They tricked Nigerians
Pumped in dollars
Gullible people sold their stock
Political thieves changed those dollars we were told they had in warehouses to dollars. Now they’re letting it go without much support. They burnt 1bn dollars in 30 days

Which countries have 2 currencies of different colors operating at the same time without phasing one out?

Tinubu and his boys are a scam. There may be a lot of activity but no progress. Na retrogression
Fake news. Even Bloomberg that publsihed the fake news have made clarifications. CBN has not dropped dollars in the black market for rates to drop. It is those hoarding dollars (presumably politicians) that threw out their dollars thinking the rates will keep falling. Now they have resumed hoarding. There is no single reason or fundamental for Naira to keep losing value except for corruption and economic sabotage. EFCC should identify and go after the saboteurs, hoping that Nigerians will not protest and start saying 'leave our man alone'!
Re: Naira Depreciates To N1,305/$ In Parallel Market by Lomprico2: 9:53am On Apr 25, 2024
Why na? cry
Re: Naira Depreciates To N1,305/$ In Parallel Market by Biodun556(m): 9:53am On Apr 25, 2024
Dynamicboss:
I hope so but I don’t understand what is going on. Yesterday they sold it at 1,021 to BDC. So what’s going on?
It will appreciate much bigger
Re: Naira Depreciates To N1,305/$ In Parallel Market by LandMann:
D
Re: Naira Depreciates To N1,305/$ In Parallel Market by odinaccess: 9:54am On Apr 25, 2024
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
If only bandits and herdsmen will allow the farmer produce in peace
Re: Naira Depreciates To N1,305/$ In Parallel Market by Angelfrost(m): 9:55am On Apr 25, 2024
Shattuck:
maybe Bloomberg report was right afterall, I think the govt is using our foreign reserve to stabilize the naira.
Sigh... No wonder Reno Omokri face Peter Obi with so much passion since this week started.

He wan distract him dull followers from this shocking reality.
Re: Naira Depreciates To N1,305/$ In Parallel Market by judedwriter(m): 9:56am On Apr 25, 2024
I thought one celebrity pastor said he made the dollar to fall by his powers.... huh

Hope his powers hasn't fallen as well.

It's well with the naira.
Re: Naira Depreciates To N1,305/$ In Parallel Market by SmartyPants(m): 9:58am On Apr 25, 2024
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
Let's assume they are using the reserves to stabilize the naira, though you've been told several times that this is not so.
So within the 2 years of implementing the agriculture, the nara should be allowed to rise as rapidly as it was?
Re: Naira Depreciates To N1,305/$ In Parallel Market by MN07: 9:59am On Apr 25, 2024
I will continue to laugh at this Yoruba people that think their president knows what he is doing.

We will see you at 5000NGN per $
Re: Naira Depreciates To N1,305/$ In Parallel Market by Niok: 10:00am On Apr 25, 2024
D
Re: Naira Depreciates To N1,305/$ In Parallel Market by BiGVEEN58(m): 10:00am On Apr 25, 2024
i sold at 1178. this thing dey pain me now embarassed
Re: Naira Depreciates To N1,305/$ In Parallel Market by SpatialKing(m): 10:01am On Apr 25, 2024
Those people insulting Igbos and Obidient all because of naira should apologize
Re: Naira Depreciates To N1,305/$ In Parallel Market by Donaldoni: 10:01am On Apr 25, 2024
I like the way the convergence is being maintained.

It will frustrate speculators cheesy
Re: Naira Depreciates To N1,305/$ In Parallel Market by theredaddy: 10:02am On Apr 25, 2024
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
How many youths want to be a farmer

How many naija gurlz want to date a farmer

what makes agriculture catchy for the new generation
Re: Naira Depreciates To N1,305/$ In Parallel Market by Musauzor(m): 10:04am On Apr 25, 2024
What Tinubu government and CBN are doing is Forex manipulation which is not sustainable. By next week it go up to #1500 , then comes down to #1100 . APC magical government.
Re: Naira Depreciates To N1,305/$ In Parallel Market by tommy589(m): 10:06am On Apr 25, 2024
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
When Nigerians are ready, they will cultivate farmlands without government prompting or dubious intervention. I have come to an understanding that Nigerians always find solution when pushed to the wall.

The price of imported chicken and others are now more expensive than the live ones.Frozen chicken sellers in neighborhoods have now resorted to killing cows,freeze and sell in kg. Some are now raising chickens in their compound empty spaces just for the eggs
Re: Naira Depreciates To N1,305/$ In Parallel Market by Kingrshd3: 10:07am On Apr 25, 2024
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
It's easier said than done
Re: Naira Depreciates To N1,305/$ In Parallel Market by rottennaija(m): 10:08am On Apr 25, 2024
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
The government chose propaganda over real things. Now we are facing it
Re: Naira Depreciates To N1,305/$ In Parallel Market by Blaze14k: 10:08am On Apr 25, 2024
jkpbestseries:
so many are very happy now
It's not about being happy. Since last week till now business is very slow I don't understand if the country is about to break down. Things are really slow
Re: Naira Depreciates To N1,305/$ In Parallel Market by mysticwarrior(m): 10:08am On Apr 25, 2024
obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.
And who will do the farming when bandits and Fulani herdsmen are terrorizing formers? Insecurity should be brought down to a reduction of an understandable level in the north and middle belt for what you stated to work effectively.
Re: Naira Depreciates To N1,305/$ In Parallel Market by dangoteinlaw: 10:09am On Apr 25, 2024
ejieddy:
This is the problem... Our exchange rate is too volatile... Can't we just maintain a particular amount for at least six months? Even if it's N1300? At least we know that's the amount come rain come shine. Any change should be N1 to N10 going upwards or downwards
hard as it seems but i assure you that these forex guys who claim to be making millions in a single night are the ones killing this economy. All forex dealers should be arrested. If you need dollars go to the bank and bank alone. Simple
Re: Naira Depreciates To N1,305/$ In Parallel Market by BadMaster: 10:12am On Apr 25, 2024
Nothing ever works in this country. Can someone please explain this to me? How come CBN sells to BDCs at N1,020, and BDCs aren't suppose to make more than a profit of 1.5%, yet it's been sold for over N1,300. This is crazy.
Re: Naira Depreciates To N1,305/$ In Parallel Market by Basicend: 10:12am On Apr 25, 2024
jkpbestseries:
so many are very happy now
Exactly my brother.

Even, when the govt reduced it to about N1,000, they refused to reduce the price of their items.

You see ehn, bother yourself not about Nigerians.
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