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Naira Closes 1,402/$ At Official Market As Dollar Demand Persists - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Closes 1,402/$ At Official Market As Dollar Demand Persists (13913 Views)

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Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by SpatialKing(m): 8:53am On May 03, 2024
Lol
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by OPICANTO2223: 8:54am On May 03, 2024
Ask frog eye Bobo Chicago
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by naijaboy756: 8:55am On May 03, 2024
Cardoso on the beat

What is disgusting is demonizing fuel subsidy and still coming back to pay it

What is disgusting is protesting against fuel subsidy removal and still coming back to remove it (allegedly)

What is disgusting is demonizing the pegging of $ rate and still come back to peg it thereby depleting our foreign reserves

IF THIS IS WHAT IS OKAY, THEN NIGERIA DESERVES TO BE IN PERPETUAL MESS
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by jaxxy(m): 8:56am On May 03, 2024
ok now


I thought they said their problem was binance? undecided
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by OfeAchi: 8:57am On May 03, 2024
I pray it gets to 1900 per dollar. I bought at 1700 some months back thus I need to recoup and make outstanding profits.
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by AngelicBeing: 8:57am On May 03, 2024
DMerciful:
Softly softily to N2000 grin
Hian, for posting this comment that the dollar will climb to 2000 naira, l will ask DSS to detain you for 90 years in Kebbi State tongue
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by jasent(m): 8:58am On May 03, 2024
Franklyspeakin:
slowly but steadily, e don dey rise again. God help Nigeria ooo. God abeg
God gave you brain,you finish using it to elect a druggie with no brain now you want God to come and help you? No way
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Riskymarvelous(m): 8:59am On May 03, 2024
All dis things no enter front page abeg
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by omoredia: 9:00am On May 03, 2024
Are u blaming dollar demand or clueless govt that is siphoning the supply?
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Donaldoni: 9:03am On May 03, 2024
The parallel market is lower than the official market.

It's NGN1,355 on BYBIT
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Millimann: 9:03am On May 03, 2024
Few weeks ago Aisha Yesufu said "DON'T OFFLOAD YOUR DOLLARS" because the reasonable ones like us knew that the scammers in power were doing abracadabra, but the agbado urchins were insulting their parents as usual.
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Donaldoni: 9:04am On May 03, 2024
Riskymarvelous:
All dis things no enter front page abeg
Exactly, they have a way of affecting the system.

Very soon FG will clamp down on Nairaland. angry
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Tyche(m): 9:08am On May 03, 2024
Simple. People blaming binance and other CEX's are just parroting propaganda
Kewtt:
Until we become a producing economy.... nothing done to the value of dollars will be sustainable. You can't build something on nothing
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by nairalanda1(m): 9:09am On May 03, 2024
Kewtt:
Until we become a producing economy.... nothing done to the value of dollars will be sustainable. You can't build something on nothing
Oh yes.

Manufactured goods and services na the way
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Bluntemperor: 9:20am On May 03, 2024
The Dollar persistency is fraudulent manipulation by the Arms of Govt in Nigeria ( especially -the Executive,the Legislatures)+ the MDAS ( Min.& departments like the NNPC, DISCOS,the GENCO and many Pseudo Companies - Importing and Exporting NOTHING and until so called ' Big Men' are held and prosecuted,this Naira Manipulations will not Stop.
Binance and their co- conspirators, can only have a field day in Nigeria, without repacusions!
•How many Governors can explain how the Homongous NBILLIONS in their treasury are spent and if I go change it to FOREX - who can hold the Emperors Accountable?
Who can hold the Traditional Rulers accountable?
We are very Corrupt and not ready for Discipline,so don't expect a Miracle here!
This Cybercrime needs total Control with absolute power,as they are not allowing genuine Investors to come and brings in their Money without a loss to these Nigerians.
The CBN Management should be bold more to arrest these' powerful ' but wicked,greedy and Unpatriotic Elements in our midst!
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by obiekunie01: 9:24am On May 03, 2024
maasoap:
Many Nigerians are saboteurs, you have to agree to that. Saboteurs in the sense that many Nigerians are simply buying dollars to keep in order to sell later and make profit, simple as that. Pure currency speculation which is harmful to our local currency and economy.
You even see popular and famous people online encouraging Nigerians to engage in currency speculation. Even teenagers on the streets are buying as low as few dollars for the purpose of speculation.
Nigeria placed ban on whole 41 items from importation under Buhari and it is still in effect till today.
talking dvmb nansense from your orifice!
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Bizibi(m): 9:24am On May 03, 2024
What happened to the yuan currency swap?
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by onatisi(m): 9:24am On May 03, 2024
ogododo:
https://punchng.com/naira-closes-1402-at-official-market-as-dollar-demand-persists/
Lolz that they have virtually blamed everybody, who will they blame again now ?
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by onatisi(m): 9:29am On May 03, 2024
This problem is simple common sense economic issue . Increase production ,reduce importation , improve security ,and automatically the naira rate will improve , you can't continually defending the naira artificially and think that will change the realistic value of the fx market. Well we don't even have people within common sense in power anyway .
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Bluntemperor: 9:31am On May 03, 2024
obiekunie01:
talking dvmb nansense from your orifice!
He is making more Sense than your rubbish talk!
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by anonimi: 9:32am On May 03, 2024
rinzaugustine:
Yes o. Obi wanted to run Nigeria like a business that will be attractive for the whole world to buy into . It took him years to study the problems of why Nigeria refused to work and possible solutions and the reason millions of us were awed during his interviews on arise tv and every fora that was open to him including Chatham house but Tinubu never addressed Nigeria for one day on how to tackle the economic challenges facing the country except for the bulaba, garaga, emilokan gutter statements. He stole the election and today he is stuck and doesn’t know what to do anymore
Peter Obi is a fraudulent scammer who says what he fails to do.

Why should anyone who is not a scammer like him, take such a person seriouslyhuh

bennybuhari:
“’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.

“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.

“So, Obi is deceiving everybody and I can’t take that back because that is true.

https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by robosky02(m): 9:36am On May 03, 2024
Ok

Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by SuccessfulRichi: 9:36am On May 03, 2024
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by obiekunie01: 9:38am On May 03, 2024
Bluntemperor:
He is making more Sense than your rubbish talk!
i so hate m0r0ns mentioning me. go play with your fellow dvmb f0k m0r0ns!
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by edungene7: 9:39am On May 03, 2024
We told you guys that Thiefunubu is a scam the alleged builder of Lagos is a certificate forger nah statics we go chop said the first class graduate in accounting today you all are opening the books of Lamentation to cry ebin pawa
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Dvdpity: 9:42am On May 03, 2024
Until military takes over, these politicians and their foreign enablers will keep killing Nigeria and Nigerians.
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Bluntemperor: 9:42am On May 03, 2024
obiekunie01:
i so hate m0r0ns mentioning me. go play with your fellow dvmb f0k m0r0ns!
Surely,you just woke up wrongly!
Since you don't know what you are talking about!
A beautiful and wet day here!
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by YouAreNobody: 9:45am On May 03, 2024
helinues:
The empowerment been done by this government is consumption bah?

Why was some of our borders closed for years? For more importation?

There are several factors that determine the exchange rate, demands and supply is one of the major factor
9 years of APC and all you've been doing is defending mediocrity.

Helinues get a life, old age is fast approaching
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by NGArmyTerrorist: 9:45am On May 03, 2024
Is like I go enter market buy dollars keep for house this time around
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by HeroicMeastro: 9:49am On May 03, 2024
Kewtt:
Until we become a producing economy.... nothing done to the value of dollars will be sustainable. You can't build something on nothing
Okay what should the country be producing?
I totally disagree with this issue of "producing economy etc" instead, attact foriegn investors by providing enabling environment.
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by PencilBox: 9:51am On May 03, 2024
sad isn't Odumeji back in the country?


Our import is way more than our export and Una dey expect miracles undecided stop playing
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Franklyspeakin:
I can never vote a druggie. be mindful of your comments. God is helping me because I saw it, I raised alarm but people didn't listen
jasent:
God gave you brain,you finish using it to elect a druggie with no brain now you want God to come and help you? No way
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