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₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence - Business (2) - Nairaland

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Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Augustine2244(m): 10:29pm On Oct 02, 2024
Nigeria is done for under Tinubu.
Can't we hand this country back to UK as an overseas territory or better still China?
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by tnerro1(m): 10:32pm On Oct 02, 2024
That woman wey say keep ur dollars close, na God go bless you oooo
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Exceed15: 10:32pm On Oct 02, 2024
This Tinubu is a curse walahi
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Proudlyomonna: 10:49pm On Oct 02, 2024
7more years to go fa grin grin

Se ko lo far?? grin

Foolish people expecting miracles from a man who doesn’t believe in Nigeria cheesy

Orishirishi stuvs grin

Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Ediffizy: 10:54pm On Oct 02, 2024
Bleep Nigeria...fu*k tinubu
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Yankee101: 10:55pm On Oct 02, 2024
They tried to sell the dollar subsidized
E no go work
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Azazyel: 10:56pm On Oct 02, 2024
Naira is slowly gaining independence from Nigeria
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by very4tune8: 11:18pm On Oct 02, 2024
Proudlyomonna:
7more years to go fa grin grin

Se ko lo far?? grin

Foolish people expecting miracles from a man who doesn’t believe in Nigeria cheesy

Orishirishi stuvs grin
This is what happens when evil rules. Bible said it.
The darkness is long. I don tire to pray for this country
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Jaylord12(m): 12:04am On Oct 03, 2024
BlackyOne:
APC should return the dollar rate to how it was during GEJ era!
Mk u stop dey imagine......mk him first return it to during Buhari era first.....economy stability has turned to rocket science for APC era.....group of demonic ppl infact satanic association called Leaders..
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Blazetrailer: 12:46am On Oct 03, 2024
People still have not realised it yet. These people.are clueless. They have ruined Nigeria. If you have the opportunity to japa and you are somewhere there hoping and praying that Nigeria go better......your generations will curse you soon.
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Diligence: 1:37am On Oct 03, 2024
Is it true that what dey accused Emefiele of doing is now what they're are doing only that they're doing it now mercilessly, over board & ...?

Laundering
Printing Naira until they Zimbabwe the Naira
Roudtripping for minor, ephemeral gains that disappear overnyt
Looting & Misappropriating loans

Is it TRUE?

USA Visa Lottery for 2026 (which effectively commenced on 02 October 2024) just EXCLUDED Nigeria...
They US want Nigerians to start claiming Ghanaian or Cameroonian...anyway Border no too far...
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Shikini: 3:29am On Oct 03, 2024
Terrible
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by NaijaCrusader: 3:47am On Oct 03, 2024
This APC administration is the worst and it is so hard to believe because Nigeria has had many bad leaders especially the military regimes
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Usmanovic95(m): 5:05am On Oct 03, 2024
How will the naira appreciate? Imagine our president is going on a vacay to UK. He will need to source for foreign currency against naira. Naira is hopeless abeg. It's a miracle it's value is still pegged below tukay.
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by IbeOkehie: 5:29am On Oct 03, 2024
Brendaniel:
When you tell Tinubu supporters that Tinubu is a complete fraud they start throwing insults...

All the signs were there for them to see but tribalism and religious bias was more important to them
Most people in every country in the world tend to have religious, tribal or racial bias.

Nigerians have more pronounced parochial tendencies because they live under a socialist system. So patronage of government is essential to prosper.

Good Luck to Nigeria
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by oyeb15: 5:32am On Oct 03, 2024
When u buy a litter of pms at 1200 and u expect Naira to appreciate.

That means #120 under Buhari is #1200 under useless Tinubu
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Kukutenla: 5:50am On Oct 03, 2024
I'm beginning to believe Tinubu is a clown
I think he has this warped belief that any time naira depreciates at parallel market, it should also be made to depreciate at official market to "close the gap"
Even i, a secondary school economist knows this is harebrained because parallel market does not get supply like official market. Instead of him to investigate the reason for the massive pull and nip it, he's simply killing the naira to satisfy some dark demands
Nigerians are on a long thing with this man
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by koladata(m): 6:36am On Oct 03, 2024
Everybody quickly forgot how this man submitted a budget that states about 200milionaire for one borehole and thousands of boreholes was quoted. That was the day I lost my respect for him. This man does not even send us, even if dollar later becomes 1 naira, for this single act, I will never forget. I used to be a huge fan of him, but i hate when people treat us like "there's nothing you can do " Even if you want to embezzle public funds, hide money in project that we don't have much knowledge about like roads construction of dams or refineries. But borehole!! , I did one some months ago for 300k.

And there's no one to report them to, they own the military and the chief judge.

Forget this man abeg.

Kukutenla:
I'm beginning to believe Tinubu is a clown
I think he has this warped belief that any time naira depreciates at parallel market, it should also be made to depreciate at official market to "close the gap"
Even i, a secondary school economist knows this is harebrained because parallel market does not get supply like official market. Instead of him to investigate the reason for the massive pull and nip it, he's simply killing the naira to satisfy some dark demands
Nigerians are on a long thing with this man
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Bintasukai: 7:12am On Oct 03, 2024
Blitzerz:
Once they loot fresh bundles like this, the naira drops.
Apc corruption .
Baba don go london go keep loot once again
It’s the governors, once they get their monthly allocation.
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Menclothing1: 7:39am On Oct 03, 2024
Massive importation in ember month expect more
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Fcwilly: 7:44am On Oct 03, 2024
That's independent gift.
Tinubu and cardoso is the best thing that ever happened to Nigeria.

Turning Nigeria to Lagos, making 1naira =1$.
Tinubu is working
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by wunmi590(m): 8:50am On Oct 03, 2024
huh

Let me still be keeping the 200 dollar 💵 I've with me, make the dollar enter 3k by December, make I go cash out big time 😆
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by tope777(m): 9:19am On Oct 03, 2024
wunmi590:
huh

Let me still be keeping the 200 dollar 💵 I've with me, make the dollar enter 3k by December, make I go cash out big time 😆
Use part of that money to buy $20,000 forex prop firm account, you should be $1k or more richer by December.
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by grandstar(m): 9:45am On Oct 03, 2024
I suspect the infusion of cash into the system following the new minimum wage may be at fault.

In addition, the budget deficit is still quite high, which by itself is inflationary. The higher your inflation, the more likely your currency depreciates.

The CBN is also running a loose monetary policy by keeping interest rates below the rate of inflation. This too will keep the Naira weak, and increase the possibility of it depreciation.
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by ogbonti: 12:55pm On Oct 03, 2024
Brendaniel:
When you tell Tinubu supporters that Tinubu is a complete fraud they start throwing insults...

All the signs were there for them to see but tribalism and religious bias was more important to them
Those who sold their dollars 💵 thinking naira would fall because of Tulumbu/Edun/Cardoso opata yans about naira bounce back must be crying right now

I warned them not to sell their dollars but they never listened, 😂😂😂😂😂


so to those who sold their dollars, how market?
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Brendaniel: 12:57pm On Oct 03, 2024
ogbonti:
Those who sold their dollars 💵 thinking naira would dall because of Tulumbu/Edun/Cardoso opata yans about naira bounce back must be crying right now

I warnes rhem not to sell theur dollars but they never listened, 😂😂😂😂😂


so to those who sold their dollars, how market?
I also warned them not to sell, the reason being that anytime Cardoso brings out an exchange policy and these present politicians are not running helter skelter or opposing it, forget it, it is most likely to fail....
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Proudlyomonna: 2:38pm On Oct 03, 2024
very4tune8:
This is what happens when evil rules. Bible said it.
The darkness is long. I don tire to pray for this country
Pray for Your Household bcus no hope for the Country at the hand anything related to the evil Apc disaster. Fact!!
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Proudlyomonna: 2:42pm On Oct 03, 2024
Brendaniel:
I also warned them not to sell, the reason being that anytime Cardoso brings out an exchange policy and these present politicians are not running helter skelter or opposing it, forget it, it is most likely to fail....
That Cardoso no get business with CBN at all.
The man suppose dey carry bag upandan as Alajo shomolu.

Tinubu is not a serious sombori at all.
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by Inception(m): 3:27pm On Oct 03, 2024
Kukutenla:
I'm beginning to believe Tinubu is a clown
I think he has this warped belief that any time naira depreciates at parallel market, it should also be made to depreciate at official market to "close the gap"
Even i, a secondary school economist knows this is harebrained because parallel market does not get supply like official market. Instead of him to investigate the reason for the massive pull and nip it, he's simply killing the naira to satisfy some dark demands
Nigerians are on a long thing with this man
i thought i was the only one that noticed grin grin grin

Tpain na better clown abeg
Re: ₦1541.94 To ₦1669: Naira Depreciates Massively Against Dollar After Independence by ogbonti: 4:11pm On Oct 03, 2024
Brendaniel:
I also warned them not to sell, the reason being that anytime Cardoso brings out an exchange policy and these present politicians are not running helter skelter or opposing it, forget it, it is most likely to fail....
you are so correct - now they will be regretting

exchange rate in the 21st century is not based on hype - but production and rendering of valuable services, no real electoral reforms..

not in Nigeria - insecurity everywhere - justice system tainted by scandals and given to the highest bidder, no electricity, government lies...

where is the rise of the naira against the dollar coming from? grin grin grin grin you cant wish or pray it into existence - it takes real work to get it.
1 2 Reply

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