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Nairaland Forum / Nairaland / General / Business / Naira Closes 1,402/$ At Official Market As Dollar Demand Persists (11780 Views)
Naira Closes 1,309/$ As Banks Sell $2.5bn / Dollar Supply Rises To $11 Billion, Naira Closes 1,572/$ / Naira Begins Recovery After Float, Closes At ₦664/$ At I&E Window (2) (3) (4)
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Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by clems88(m): 11:26am On May 03 |
Donaldoni:Na so Una mouth dey lick like tab. Who ask you now. Okex just deactivated psp and now you have come to start exposing bybit. Una no just get sense for this country 2 Likes |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by anonimi: 11:34am On May 03 |
Elxandre: Let me repost what you may have missed in the comment I quoted. “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”. 1 Like 2 Shares |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by anonimi: 11:35am On May 03 |
tctrills: Are you a witch to know who I voted for 1 Like 2 Shares |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by tctrills: 11:39am On May 03 |
anonimi:It's easy to know, you are only capable of making bad choices. 1 Like |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Donaldoni: 12:12pm On May 03 |
clems88: Olod*! |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by clems88(m): 12:13pm On May 03 |
Donaldoni:mumu |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Donaldoni: 12:15pm On May 03 |
clems88: Mr lick |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Ezmans: 12:35pm On May 03 |
ForValour:ask Reno omokiri |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Omalicious1: 12:39pm On May 03 |
ogododo: Will they still blame it on Opay, Palmpay, Moniepoint and Kuda users? Until we start producing in bulk and also insisting that foreigners trading with us use the Naira, without that, the naira will keep falling before the dollar....meanwhile, where is Odumeje? |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by InvertedHammer: 12:40pm On May 03 |
/ If only some of you listened to voice of reasoning instead of being in bed with your emotions. Look below. It was on March 28th....and a month later you would have been sitting pretty fine. /
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Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by GravityDefier: 12:57pm On May 03 |
Donaldoni: After clamping down nairaland, then we clamp down google so that people won't be able to search for the rate, and then finally we shut down internet services across the country. Then what next? Naira will start gaining, right? Mtcheeeew. 1 Like |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by KaptainAfrika: 1:07pm On May 03 |
KEEP YOUR DOLLARS WE ARE GOING HIGHERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR ForValour: |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by IAmHim1: 1:08pm On May 03 |
Government officials, please tackle the immediate problem FIRST Farmers are out of their farm because of a sponsored insurgency When farming activities fully commence in Nigeria, the dollar won't be used to import some food stuffs anymore hence making the available dollar to be channeled to the right sources Few Nigerian farmers but plentty Nigerian mouth to feed Insurgency drives up the price of local farm produce While Forex issues drive up the price of imported food stuffs But the end of insurgency can boost forex Think about this 2 Likes 1 Share |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by GravityDefier: 1:09pm On May 03 |
Everlastingson: One of the dumbest reasoning I've come across today. Blaming nairaland. With these sets of adults who can't think for themselves. I even heard they have a WhatsApp group that tells them what to say at every point in time in order to keep their brains from active reasoning. |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by tnerro1(m): 1:15pm On May 03 |
Hope with all this up and down, dem go complete that costal highway so |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by rinzaugustine: 1:28pm On May 03 |
anonimi:I responded because I remember your moniker from almost 10 years ago as an active Jonathan supporter when he was president and that’s the reason I will respond. Those supermarkets, next and co are not even up to 1% of Peter Obi wealth. Most of Peter Obi wealth is in investment in stocks nationally and internationally long before he became a governor . He always says it most of time and even calls himself trader but it flies over people’s head because Nigerians many don’t like in-depth or complicated thoughts and so don’t understand . He is the chairman of many banks so for example if the total assets capital of a bank is £2bn and to become a chairman of the bank you must have the most/ majority shares there so how much do you think a person will have to become the chairman? …then calculate it other banks with same interests |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Elonmuzk(m): 1:46pm On May 03 |
I said it, lies and propaganda can you only take you to a certain distance before it runs out. Everyone should brace up for the epic naira fall in the coming days. |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by mindtricks: 1:47pm On May 03 |
I thought the Patriots said it's Binance that ruining the Naira not bad governance? |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by HeroicMeastro: 1:48pm On May 03 |
Everlastingson:What do you want to produce, Mr producer? Just answer me... Don't just go about saying what other people are saying, like a clown. |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Pietrak1(m): 2:44pm On May 03 |
We should start importing from Russia everything we need and trade in their currency. This will drastically reduce demand for US dollars. |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by patrickcollins: 3:27pm On May 03 |
Kewtt:When Buhari was there it was 700 what was Nigeria producing, but a clueless incompetent man has destroy everything |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by maasoap(m): 4:22pm On May 03 |
tctrills: You still don't understand that they are now part of the problem because they're speculating against their own local currency at a large and highly widespread |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by maasoap(m): 4:23pm On May 03 |
tctrills: They're not doing the right, they are doing morally wrong thing because their actions are now part of the major problem |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by maasoap(m): 4:26pm On May 03 |
Everlastingson: May be few but not on the scale of that of Nigerians betting against their own local currency. Half of Nigerian population want to become millionaires or double their savings simply by betting against the naira. That's madness on a whole new level my friend |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by tctrills: 4:26pm On May 03 |
maasoap:Speculating is not the problem oga. The Naira is a falling currency and it is wise to save and invest in a safer currency. Stop teaching people to make unwise financial decisions. If the naira makes a real turn around, you will not need to preach to anyone. We all will happily exchange our dollars for naira. One small advice, for Nigerians who can't afford to save in dollars please use the CFA. It's a very stable currency. |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by tctrills: 4:29pm On May 03 |
maasoap:Oga, you mean it's against your morals to save your money in a stable currency? You mean your morals only allow you to make poor financial decisions? Boss, we don't share the same morals and I hope most Nigerians are wiser than you and will do what's best for their families. The only people to blame are in a place called Aso rock. |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by femi4: 5:09pm On May 03 |
Kewtt:They will say you are not patriotic. We don't like the truth in this part of the world |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by darediamond(m): 5:26pm On May 03 |
ogododo:Naira by God's grace shall depreciate to #5000 to 1$ before this year run out. Everybody must collect to see the reason to end this useless Polithiefcians house called NIGERIA!! Binance is the cause now. Abi is it not Binance and OKX? Awon asinwin gbogbo!!! |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by darediamond(m): 5:27pm On May 03 |
DMerciful:No #5000 very veeeery soon. |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by BodyCount: 9:53pm On May 03 |
Kewtt:You're ignorant and illiterate to say this. Nigeria is 5-6 largest producer or exporter of crude oil. This is enough for a country with good leaders. It's the same crude oil that many Arab nations are living large with. Don't let anyone fool you that Nigeria is not producing anything. All the countries of the world can't be producing gadgets. |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Nuzo1(m): 10:24pm On May 03 |
1x2x3: Don’t mind them. How much dollars can one hoard? Hoard it where sef? For what? Where can you even get it for hoarding? Just like you said, you must export. Not only that; you must produce refined products for the exports. That in turn earns you cheap dollars . This is no magic. No other way out! 1 Like |
Re: Naira Closes 1,402/$ At Official Market As Dollar Demand Persists by Nuzo1(m): 10:39pm On May 03 |
BodyCount: 1. Most of our current oil exports have been paid for during Buharis tenure. So we are earning little dollars currently from the extras. 2. Exporting unrefined crude is no issue. We are importing refined crude oil and other refined products. The later zaps all the dollars from the initial exports of crude oil. 3. The Arabs for example UAE and Qatar invested heavily and divested with the initial crude oil exports and still doing so till today. We didn’t. We can’t do magic all of a sudden. 4. All the Arabian countries that have crude oil have always had functional crude oil refineries that fully serves their countries from day one. No case of importing refined products. Look baba, Exporting extractive materials is not same as production. It’s actually a setback or disadvantage. Nigeria is actually producing nothing. 1 Like |
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