Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers - Business (7)

Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers - Business (7) - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers (40435 Views)

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Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Softmirror: 12:55pm On Dec 07, 2024

ayo2008:
I shake my head

What was the exchange rate when he took over?
Mind you, the rate is not stable

Did it rise over night? I shake my head lol. You want it to fall over night. 🤣🤣🤣🤣🤣

1 Like

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by HenryWilliams(m): 12:56pm On Dec 07, 2024

December remittance stuff.
It's seasonal. The tide will crash in January..
Don't go and dump your USD cos of this paid advert/post.
Buy the USD if you can ..
It will surely appreciate against the Naira by February 2025 and maybe clock N2000/$1

1 Like

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by ejieddy: 12:57pm On Dec 07, 2024

Now Sustain this over a three month period. If the naira appreciates to at least N1200 per $, and keeps at it for a year, Tinubu has my vote, irrespective of his profound, unrepentant bigotry. I just want to see Nigeria work.

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Honestey: 12:59pm On Dec 07, 2024

Yankee101:
But it’s a good opportunity to buy the dollar now using naira

Naira don enter trouble for una hand. Una don turn naira to bond and then turn back and blame Tinubu for the consequences.

3 Likes

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Chidex50(m): 12:59pm On Dec 07, 2024

PressMyButton:
Respect to Jagaban, he knows how to assemble the best brains, as Governor and now as President. Anywhere that's difficult to enter, just leave it for Tinubu, that's where he likes to dismantle into pieces.

After God, na Tinubu 💪 God bless Nigeria.

Simply put,he knows to assemble his tribesmen to rule over other tribes

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Donaldoni: 1:00pm On Dec 07, 2024

Ewabokian:
My pain is other people that will suffer for APC madness

How I wish there was a system to cage you animals in one zone so you rule yourself and scream that on your mandate to satisfaction I will be happy

Just shut up.

Nigeria is recovering and will be great by the grace of God.

God will use Tinubu tongue

3 Likes

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by MichaelSokoto(m): 1:01pm On Dec 07, 2024

make I rush go buy more dollars b4 ee shoot go #5k

if u knw u knw
cool

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Ewabokian: 1:03pm On Dec 07, 2024

Donaldoni:
Just shut up.

Nigeria is recovering and will be great by the grace of God.

God will use Tinubu

Recovering from what exactly?

Say it open

I will reply you based on your answer

Recovering from what?

1 Like

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Gggjhhj: 1:04pm On Dec 07, 2024

Softmirror:
Now this is good news.

Oga setup ds thing has been happening through this year, all you lot do is. Praise the slowpoke, ordinary small NPOWER kind of scheme he could not offer the youths, prices of things are in high heavens, all you do is look at price of dollar, banditry, kidnapping, boy we have not had ds bad, them suppose dae slap ona type

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Donaldoni: 1:07pm On Dec 07, 2024

Ewabokian:
Recovering from what exactly?

Say it open

I will reply you based on your answer

Recovering from what?

From the mess Buhari plunged us into angry

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by AK481(m): 1:07pm On Dec 07, 2024

People are coming in for December.

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by RecentHistory: 1:10pm On Dec 07, 2024

franchasofficia:
Armed Bola Tinubu the Yoruba god is bigger than Rick Ross or any celebrity in Sadwaste region. They are planning to start a religion to start worshipping Thief Armed Bola Tinubu the druggie cum illegitimate Pessident as their new religious god

Yesso. And the muddy pigs of the East will be used as sacrifice. After all, of what use are they if not to serve the West.

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Emeka71(m): 1:10pm On Dec 07, 2024

Softmirror:
Now this is good news.

Small thing.

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by SalamRushdie: 1:11pm On Dec 07, 2024

jamafa:
Nah unah dey use mouth inflate price of commodities 😁

Where U dey buy egg 7000 for a create ??

U people will destroy the country with propaganda.

Always happy when it's negative news

How much do you buy crate of egg?

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Jeferious: 1:15pm On Dec 07, 2024

Breaking news: The tide has turned. The Naira has fallen against the dollar again

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Everydaylove: 1:17pm On Dec 07, 2024

Was this a news in previous government? This shows how deep Tinubu has destroyed this economy.

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Everydaylove: 1:20pm On Dec 07, 2024

DeLaRue:
It is easy to be a CBN Governor when times are good ala Messrs Soludo and Sanusi.

No Nigerian CBN Governor in the last 50 years has faced the difficult economic circumstances that Mr Cardoso has faced since he was appointed.

He may not have the bravado of some previous CBN Governors, but he has quietly proven himself as being super competent.

If you doubt me, ask Turkey.

As Turkey's currency has faced very turbulent times in recent years, the country has tried more than 4 central bank Governors in less than 3 years, yet their currency is still in rhe doldrums.

Who created the problem by reckless policies?

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Adakintroy: 1:20pm On Dec 07, 2024

Enhance foreign exchange market my asss.

It the local refinery my friend. The bulk of the dollar no longer go out to purchase or sell crude for transaction. It was why the emphasis on selling crude to ourself with our local currency. Now we may even gain foreign exchange from proper export.

Its why the naira is looking bullish. The thing get mouth now. It not going to the dollars to ask for help unlike before always.

People hording will be force to sell..the dollar is losing value every day in their hand and its not looking likey to reverse and its not ..the more they fear, the more they throw it away the more the naira gain. We have oil and strong population. what the duck we loosing ground on the rest of the world for?

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by SeriouslySense(m): 1:21pm On Dec 07, 2024

PResident Tinibu is working, cool

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Ewabokian: 1:24pm On Dec 07, 2024

Donaldoni:
From the mess Buhari plunged us into

And bola Ahmed Tinubu was what then ?

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by mikeapollo: 1:26pm On Dec 07, 2024

PressMyButton:
Respect to Jagaban, he knows how to assemble the best brains, as Governor and now as President. Anywhere that's difficult to enter, just leave it for Tinubu, that's where he likes to dismantle into pieces.

After God, na Tinubu 💪 God bless Nigeria.

Ass licking.!
Somebody inherited an exchange rate of N650/$ and has messed it up to N1,500 and you want us to praise him?
You are even comparing him with God! Are u well?

1 Like 1 Share

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Ororocelemi(m): 1:26pm On Dec 07, 2024

No need stressing yourself, you don't expect anyone supporting APC government to be sensible.

SalamRushdie:
Someone that wrecked GDP from 300bn dollars to 190 bn dollars in one year ?

Someone that wrecked GDP per Capita form $2500 to $877 in just one year ?

Some that caused egg prices to jump from 2500 to 7000 Naira in one year ?

You say he knows how to assemble the best minds ? You are not ok 😅

Well for those wondering why the Naira gained here is the reason:

1 Diasporan have started arriving in droves for the Christmas festivities and they are all looking for Naira to spend so they are changing dollars .

2 : Diasporans that are not coming for Xmas have also started sending dollars to their loved ones so they can shop for Christmas early.

This is what is responsible for the Naira gain and not any Tinubu

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by patrickcollins: 1:29pm On Dec 07, 2024

PressMyButton:
Respect to Jagaban, he knows how to assemble the best brains, as Governor and now as President. Anywhere that's difficult to enter, just leave it for Tinubu, that's where he likes to dismantle into pieces.

After God, na Tinubu 💪 God bless Nigeria.

Tinubu took dollar exchange rate from 700 to 1650, and it's standing at 1550 at the moment, why the noise, he hasn't done anything meaningful, he wrecked our economy causing nationwide hunger and starvation eschew propaganda

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by Coronavirus1: 1:31pm On Dec 07, 2024

It's good news

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by garykoeman: 1:31pm On Dec 07, 2024

franchasofficia:
Armed Bola Tinubu the Yoruba god is bigger than Rick Ross or any celebrity in Sadwaste region. They are planning to start a religion to start worshipping Thief Armed Bola Tinubu the druggie cum illegitimate Pessident as their new religious god

Or S.E cocaine traffickers.

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by kenex4ever(m): 1:32pm On Dec 07, 2024

PressMyButton:
Respect to Jagaban, he knows how to assemble the best brains, as Governor and now as President. Anywhere that's difficult to enter, just leave it for Tinubu, that's where he likes to dismantle into pieces.

After God, na Tinubu 💪 God bless Nigeria.

R*bbish! Who destroyed it in the first place? Has he taken naira below 1k per dollar that he met it.

It is only going down because there are no influx of buyers at the moment. Once rush hour comes, it goes back

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by garykoeman: 1:34pm On Dec 07, 2024

ogashman:
U re a mugu for celebrating this...how much was dollar rate before tinubu took over?

How much was used to back dollar before he came in.

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by garykoeman: 1:36pm On Dec 07, 2024

cjudy:
Dollar wey don go back to 1650 this morning. Sending money down to Nigeria this morning, I exchange through app for 1650 compare to 1540 of yesterday. So it’s going back to factory reset which is 1740 or even 1800 as Xmas don reach so

Which app.

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by APOSTLECHUMA: 1:37pm On Dec 07, 2024

PressMyButton:
Respect to Jagaban, he knows how to assemble the best brains, as Governor and now as President. Anywhere that's difficult to enter, just leave it for Tinubu, that's where he likes to dismantle into pieces.

After God, na Tinubu 💪 God bless Nigeria.

. A BANKER FRIEND ATTRIBUTED THIS TO NIGERIA'S JOINING OF BRICS NATIONS WHERE MEMBER NATIONS TRADE WITH THEIR RESPECTIVE LOCAL CURRENCIES, PUSHING DOWN THE DEMAND FOR DOLLARS.

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by patrickcollins: 1:37pm On Dec 07, 2024

DeLaRue:
It is easy to be a CBN Governor when times are good ala Messrs Soludo and Sanusi.

No Nigerian CBN Governor in the last 50 years has faced the difficult economic circumstances that Mr Cardoso has faced since he was appointed.

He may not have the bravado of some previous CBN Governors, but he has quietly proven himself as being super competent.

If you doubt me, ask Turkey.

As Turkey's currency has faced very turbulent times in recent years, the country has tried more than 4 central bank Governors in less than 3 years, yet their currency is still in rhe doldrums.

Turkey currency is more valuable to Naira, Cardaso haven't done anything, he met Naira to dollar at 700 and standing at 1550 you are praising him for being incompetent

Re: Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers by FireUpNow(m): 1:38pm On Dec 07, 2024

When January of 2025 starts, the dollars will jump rocket up again. It's very normal that every December of every year the price of US$ drops

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