₦airaland Forum

Ok

Diasporans are exchanging forex which forces the naira down. It's true value will show when people start traveling back

meum:
Tell APC to take back the exchange rate to where they met it before we can celebrate. APC used this dollar exchange rate which according to them was at N216 to campaign against PDP. APC had said the N216 to $1 was too high. I wonder if this N1570 is lower than N216?

even if you become president of this country dollar won’t be as low as the amount you’re mentioning. So why ranting ?

Na una know this one.

...

Don't trying to sound as a pessimist however, ot is the norm that the Naira appreciates in December due to the increased inflow of foreign remittance by Nigerians abroad to their folks back home.

Price has collapsed again, it's not working.

Dollars pullback Vs most currencies after the economic news on unemployment rate.

Rubbish.

femisplash:
N216 to $1 whereby using $20billion to defend the naira annually, with an unchecked pervasive of FX arbitrage within the system. How smart are you?

You are not smart at all. Tinubu himself used the exchange rate to campaign and said 1Dollar would equal to 1 Naira.

If Tinubu knew that it would be counter productive defending the naira, why did they used that to deceive the people.
If #216 to a dollar was not good then #1600 to a dollar is criminal. Return the dollar back to what u met it period.

Naira is one of the worst performing currency in the world..what a shame.of leaders we parade.

femisplash:
https://nairametrics.com/2024/12/07/why-the-naira-is-appreciating-against-the-dollar/?amp=1

Diasporan Nigerians are transferring money down for their visit home for Xmas vacations........many who have building projects are also moving funds to monitor such projects personally...many are also looking to purchase estate properties

meum:
Tell APC to take back the exchange rate to where they met it before we can celebrate. APC used this dollar exchange rate which according to them was at N216 to campaign against PDP. APC had said the N216 to $1 was too high. I wonder if this N1570 is lower than N216?

APC and hype are inseparable!

Sheuns:
Something that’s depreciating again.

Surely.

Naira appreciation is on arithmetic increase eg today 1550 tomorrow 1550
Naira depreciation is on geometric decline that is today naira 140 tomorrow 900

Vg

alobright17:
even if you become president of this country dollar won’t be as low as the amount you’re mentioning. So why ranting ?

Even if you go to school you won’t be useful to yourself. So why waste money?

Why haven’t we seen the effects of reduced FX on PMS?

The way media is hyping on these naira gains, you will think it has reverted back to N700 this administration met it

The reason for the increase in the value of Naira is because Nigerian no longer spend it Dollar bills on importation of fuel again as Dangote refinery round up production, so there is exerce Dollar In circulation.

yoruboid:
You mean price appreciation

The Naira has been stable since June

The Naira will appreciate next year to about N1000

Based on what data exactly?

Weren't you fools saying the naira would be at 750 before the end of the year back in April?

EDIT - I was even wrong to stop at 750 even though I pulled that assumption straight out of my ass. Here's you actually saying it was going to be N400 by year end. Lmao

Primusinterpares:
What we want to see...

Please let it keep coming down.
1k before year end and by mid next year we should be at 400-500/1$.


Before 2025 wraps up we should be at 180/1$.


May 9ja suceed

2025 budget, naira to dollar is benchmarked at 1400/$. Dey play.

femisplash:
N216 to $1 whereby using $20billion to defend the naira annually, with an unchecked pervasive of FX arbitrage within the system. How smart are you?

We have seen your smartness in now taking it to 1600, you are a guru indeed, since una no get shame

Whatever gains Tinubu makes today will be undone after 8 years Buhari's people will do a u turn.

Best time to buy will be when it gets close to 1200 because by the time it springs back like earlier this year, it will surpass the 2000 naira benchmark

femisplash:
https://nairametrics.com/2024/12/07/why-the-naira-is-appreciating-against-the-dollar/?amp=1

Best time to buy will be when it gets close to 1200 because by the time it springs back like earlier this year, it will surpass the 2000 naira benchmark. Tinubu have made hundreds of thousands billionaires with his bolekaja fiscal policies but all thanks to him for that and not seeing the loopholes

Celebrating three days of naira appreciating against dollar. Failure!!!

MASTAkiLLAh:
Diasporans are exchanging forex which forces the naira down. It's true value will show when people start traveling back

This is common sense you just made but then I remembered that common sense is not common and seems like a rocket science to an average agbado

meum:
Tell APC to take back the exchange rate to where they met it before we can celebrate. APC used this dollar exchange rate which according to them was at N216 to campaign against PDP. APC had said the N216 to $1 was too high. I wonder if this N1570 is lower than N216?

Tell Emefiele to stop padding the naira with our scarce fx.
He printed money in trillions....was part to pad the naira, and part for building 753 duplexes.

Nigeria will survive.

Eboofa:
Diasporan Nigerians are transferring money down for their visit home for Xmas vacations........many who have building projects are also moving funds to monitor such projects personally...many are also looking to purchase estate properties

exactly this is common sense you made but some people are talking a lot of long jargon to take credit and justify a natural temporary phenomenon that happens every year