Naira Down To N1,500/$ In Parallel Market - Business (2)

Naira Down To N1,500/$ In Parallel Market - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Down To N1,500/$ In Parallel Market (11967 Views)

Re: Naira Down To N1,500/$ In Parallel Market by Smartcitizen: 8:54am On Jun 14, 2024

Hmmm

Re: Naira Down To N1,500/$ In Parallel Market by Usmanovic95(m): 8:55am On Jun 14, 2024

femi4:
Naira don Dobale.....Naira is respectful

Naira dey dobale with swagger 😂😂.It has to be the most respectful currency,e dey steadily dobale for any currency even Niger CFA can bear witness😅😅

1 Like

Re: Naira Down To N1,500/$ In Parallel Market by Curious345: 8:59am On Jun 14, 2024

Nigeria to the dogs .
.thank you the APC propagandist

Re: Naira Down To N1,500/$ In Parallel Market by Eriokanmi: 9:14am On Jun 14, 2024

magoo10:
The naira is not falling it just did dobale like the agbado lord.

Empty lazy brains running the system.

When I heard Tinubu say the doobalę thing, denying falling so woefully in the face of millions world-wide who watched the show of shame, it didn't come as a surprise. That's how he's been lying over everything. I just pity those following this man. He's a bad example in the society

2 Likes 1 Share

Re: Naira Down To N1,500/$ In Parallel Market by Eriokanmi: 9:18am On Jun 14, 2024

DMerciful:
Tinubu wrecked Nigeria

since 2015. He singlehandedly did

1 Like

Re: Naira Down To N1,500/$ In Parallel Market by biseducator(m): 9:25am On Jun 14, 2024

CBN governor needs counseling

Re: Naira Down To N1,500/$ In Parallel Market by Riskymarvelous(m): 9:26am On Jun 14, 2024

The Naira do idobale as a Yoruba boy

1 Like

Re: Naira Down To N1,500/$ In Parallel Market by Blazetrailer: 9:26am On Jun 14, 2024

LOL. Nigerians haven't understood what they are in yet. Tinubu has wrecked Nigeria

Re: Naira Down To N1,500/$ In Parallel Market by Exceed15: 9:29am On Jun 14, 2024

Kikikikikiki.. EBILOKAN bayi o

1 Like

Re: Naira Down To N1,500/$ In Parallel Market by Dbegining: 9:36am On Jun 14, 2024

Donaldoni:
Piiiiggs rest!!!

The Naira has stabilised at less than NGN1,500.

It is currently NGN1,476 on BYBIT.

You're quoting a crypto exchange platform. I thought you guys said they are the cause of the crash in naira?

Then, that's just one platform have you checked others? For your information it's 1500 and a little over 1500 on some platforms.

Then the difference between 1500 and 1476 is just N24. Is that significant enough to call the op a pig?

3 Likes

Re: Naira Down To N1,500/$ In Parallel Market by Kingrshd3: 9:36am On Jun 14, 2024

300wayne:
But why do we always make news out of naira and dollar fluctuation?

My brother me too no understand OOO .

because it's baseless

Re: Naira Down To N1,500/$ In Parallel Market by magoo10(m): 9:41am On Jun 14, 2024

Eriokanmi:
When I heard Tinubu say the doobalę thing, denying falling so woefully in the face of millions world-wide who watched the show of shame, it didn't come as a surprise. That's how he's been lying over everything. I just pity those following this man. He's a bad example in the society

the man fell massively yet he denied you can imagine how they have been denying Nigeria woes created by them

Re: Naira Down To N1,500/$ In Parallel Market by JoeEeL(m): 9:52am On Jun 14, 2024

Where's the idiot Reno Omokri?

Re: Naira Down To N1,500/$ In Parallel Market by saveman91(m): 9:53am On Jun 14, 2024

Tomorrow Na 1k will remain

Re: Naira Down To N1,500/$ In Parallel Market by Amumaigwe: 9:53am On Jun 14, 2024

post=130466121:
Source: https://www.vanguardngr.com/2024/06/naira-down-to-n1500-in-parallel-market/amp/

This piece of news is trashy. When both cvalue and purchasing power of Naira is restored to where Tinubu met it, we could then have this conversation.

Re: Naira Down To N1,500/$ In Parallel Market by Wildkat02: 9:55am On Jun 14, 2024

Donaldoni:
Piiiiggs rest!!!

The Naira has stabilised at less than NGN1,500.

It is currently NGN1,476 on BYBIT.

Foolish idiot ! And that rate you mentioned is okay for our economy right? Was that what it was before your agbado master came into power?

To idiots like you, anyone who criticizes this government is suddenly Igbo

3 Likes

Re: Naira Down To N1,500/$ In Parallel Market by Reality2023: 10:11am On Jun 14, 2024

E lo fokan bale!

Re: Naira Down To N1,500/$ In Parallel Market by Tohmey(m): 10:28am On Jun 14, 2024

Boogyman557:
Holly Gram

EBIN PAWA ooo !!!

LITE UP my WEED in peace

WTF MAN!

2 Likes

Re: Naira Down To N1,500/$ In Parallel Market by YouAreNobody: 10:29am On Jun 14, 2024

SenecaTheYonger:
No one cares. Get this news away from my sight.

People care.

You transact only local business doesn't mean there aren't those who make payments in USD.

2 Likes

Re: Naira Down To N1,500/$ In Parallel Market by poweredcom(m): 10:35am On Jun 14, 2024

Cant wait for it to enter 1900

Re: Naira Down To N1,500/$ In Parallel Market by Donaldoni: 10:37am On Jun 14, 2024

Dbegining:
You're quoting a crypto exchange platform. I thought you guys said they are the cause of the crash in naira?

Then, that's just one platform have you checked others? For your information it's 1500 and a little over 1500 on some platforms.

Then the difference between 1500 and 1476 is just N24. Is that significant enough to call the op a pig?

The point is that we now only reckon with NAFEX and NAFEM. Any other rate is NONSENSE!!! angry

Re: Naira Down To N1,500/$ In Parallel Market by Wildkat02: 10:56am On Jun 14, 2024

Donaldoni:
Why are you sound like a hungry l*natic

Where were you when Emefiele was printing trillions of Naira without anything productivity or asset to back it up

Was the over NGN300 difference between both fake official and parallel rates okay to maintain

You expect me to banter words with a fool like you?? No.... I’ll pass. Have a nice day with your foolery

1 Like

Re: Naira Down To N1,500/$ In Parallel Market by grandstar(m): 11:31am On Jun 14, 2024

I am beginning to suspect the real value of the Naira today sits between 1,500-1,700 to a dollar based on present fundamentals.

This isn't necessarily a bad thing. The country needs to reinvent itself. The days of Nigeria living off crude oil for the bulk of its budget and forex has to change, and this can happen if Tinubu lets it. Already, non-oil exports are beginning to rise. I have this sneaky feeling Tinubu is standing in Cardoso's way. Wale Edun hasn't impressed me much.

The changes on ground aren't radical enough. For instance, company tax still sits at 30% which is just ridiculous considering the average in the OECD is around 25%. America's is 21%. It should be nothing more than 15% in the country.

A lower company tax would also encourage corporate bodies to enter the formal economy, making them more productive and beneficial to the economy, not to talk of tax revenues which would jump through the roof.

2 Likes

Re: Naira Down To N1,500/$ In Parallel Market by Dbegining: 12:04pm On Jun 14, 2024

Donaldoni:
The point is that we now only reckon with NAFEX and NAFEM. Any other rate is NONSENSE!!!

You only recon NAFEX and NAFEM but you quoted BYBIT.

Something must be wrong with you.

Re: Naira Down To N1,500/$ In Parallel Market by Donaldoni: 12:24pm On Jun 14, 2024

Dbegining:
You only recon NAFEX and NAFEM but you quoted BYBIT.

Something must be wrong with you.

BYBIT is online.

I was talking about offline markets angry

Re: Naira Down To N1,500/$ In Parallel Market by nurudeen181(m): 1:23pm On Jun 14, 2024

the last time i heard of dollar naira gains, it was 1550 when did it fall that its 1550 and going up again

Re: Naira Down To N1,500/$ In Parallel Market by DrMuzungu(m): 1:59pm On Jun 14, 2024

Put a frog in a pot of cold water on the fire. The frog will not jump out because the water will heat up gradually. Drop the same frog in a pot of hot water and it will at least try to jump out.

Likewise, when depreciate naira from 100 to 200 to 500, to 1000 and to, now, 1500, nobody does anything but lament. At this rate, in 2 years, naira by naira, 1 Dollar will be 3000 or 4000 Naira and nobody will still do anything. But if the dollar gets to 4000 overnight, you will see at least some response. Or, would you?

Re: Naira Down To N1,500/$ In Parallel Market by kelvindj98: 1:59pm On Jun 14, 2024

Where is naira 1500? Liars. Even 1470, abokis are not buying, they are pricing 1440-1450. Na rubbish information full this nairaland. That's how they published news here that naira had strengthened to 1410, I panicked and sold only for the news to be fake. Rubbish

Re: Naira Down To N1,500/$ In Parallel Market by FunkyJustice(m): 6:23pm On Jun 14, 2024

And some tribalist are up there celebrating how black scorpion recaptured port harcourt from Biafra during the civil war !!

That’s misplacement of priority, lazy youths indeed!!

Re: Naira Down To N1,500/$ In Parallel Market by xtian110: 7:08pm On Jun 14, 2024

💣 bomb they your head and e go soon explode. Stupid blogger .

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