₦airaland Forum

Sheuns:
There’s low demands now due to the Chinese holidays. No work in the whole of China for a few weeks, so people aren’t buying much.

That's very true. I hear it's till February 4. Work and trading begin February 5th all over China.

China is on holiday therefore Less dollar demand from the market .

yesloaded:
196naira just 10yrs ago

That na when these set of confused people never grab power
Now they have the power they don't know what to do with it

tnerro1:
Wow, another achievement 😂

Some people in the corridors of the CBN are about to cash out. Once they cash out, they will stop the manipulation.

yesloaded:
196naira just 10yrs ago

Yes, then FG was massively subsidizing the price for crooks to take advantage of it

Now all that is gone

Wow naira is appreciating already

Good news

Pigs won't like this

Speculators will cry blood.

Diaspora people have all left

osuofia2:
Let's wait for the enemies of Nigeria that prefer to see the country in ruin. They will never be happy seeing the country make progress, to them negative news is supreme.

you guys are the real enemies of Nigeria not those that call you out or point to the nonsense you have turned this country into
You ,your yeye government and apologist are the real enemy of the country, you set the country back several years ,you expect people to clap for your incompetence,your reverse psychology can only work on timid and naive people

Sheuns:
Buy if you can. Once the Chinese holiday is over, the prices will skyrocket.

E go shock una

What happened to all the balablu noise from T-Pain about unifying the dollar rate across markets?

Is this how his hitting the ground running 20 months ago has resulted in worsening inflation instead of crashing prices as he promised?

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate[

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

galserv:
E go shock una

There’s nothing shocking here. We’ve heard and seen this happen time and time over. This is a window for those that know to buy dollars at lower price and sell for higher price in few weeks.

Politicians use the states revenue to do this.

AfahaAbia:
Why are goods and services in Nigeria not reducing prices? I just don't understand

because nigerians, nigerian traders and businesses are as bad as the govt they criticise. If naira falls to 2000 per dollar, they will increase prices immediately

It is not the naira that is rising, but dollar losing some strength as a result of Trump's drastic policies.

arsenal33:
because nigerians, nigerian traders and businesses are as bad as the govt they criticise

Are you talking about the propagandist liar, Pandora Bitter Obi

bennybuhari:
“’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.

“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”.

“So, Obi is deceiving everybody and I can’t take that back because that is true.

https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/

Berankis:
It is the naira that is rising, but dollar losing some strength as a result of Trump's drastic policies.

whatever the reason, naira is rising against the dollar

Berankis:
It is the naira that is rising, but dollar losing some strength as a result of Trump's drastic policies.

whatever the reason, naira is rising against the dollar. Don't you like good news?

What was the naira to dollar 💰 during General Abacha government?
Artificial good news.
Go to the bank they will tell you they don't have dollar's.
Go to the black market in Wuse, you will never get the naira at 1,493 to a dollar 💰.
If you doubt me, please post the address on social media where we can go and get dollar at 1,493.
Government is now number one in spreading of fake news.

arsenal33:
whatever the reason, naira is rising against the dollar. Don't you like good news?

but this is not the whole truth, because your government, financial and commerce sectors have not done enough to strengthen the naira. So it's appears naira is gaining but not truth, the dollar depreciated because of the deportations going on in the US. Workers not turning up for work, their production rate is fast coming down. The dollar will still experience a lot more depreciation before it will stabilize except this man - Trump halts some of this unpopular actions.

Sheuns:
There’s nothing shocking here. We’ve heard and seen this happen time and time over. This is a window for those that know to buy dollars at lower price and sell for higher price in few weeks.

Politicians use the states revenue to do this.

Did this happen this time last year?

Was it not this time last year that Naira crash from 900 to 1900

Kingpele:
In 2011 APC told said is 217 to 1dollar ok? But today APC and thier willing zombies on Nairaland want us to celebrate 1430 to 1dollar...APC is a consuming cancer upon Nigeria 🇳🇬

There was no party called APC in year 2011

This one only affect bureau de change and forex boys.

Inflation and greed has already destroyed country beyond redemption .

Everyday 2 naira go comot. When it was going up it did with 200naira and 100naira daily. This Naira gain is 2 naira every 4 months.

galserv:
Did this happen this time last year?

Was it not this time last year that Naira crash from 900 to 1900

The crash was as a result of constant devaluation of the Naira. Remember sometimes in April last year the rate dropped to as low as 1000 to a dollar only to end the year at almost 1700. What happened to the gains?

It was also celebrated that it was gaining that period.

After clearing backlog abi?? is a normal thing and just a matter of time it will be back to 1600

post=133944983:
Source: https://www.vanguardngr.com/2025/01/naira-rises-to-n1493-in-official-market/

And it is #1,620 at the parallel window This country is just full of drunkards. Banks and CBN chiefs needs to be arrested, jailed and executed all at once.

Official rate at #1,493? Which will be sold to Bureau de Change operators to sell above #1,620 to the public? Everything about this country sucks to the highest heaven.

The question is, why operate two windows?

Starzo:
Wetin nor dey affect prize of goods for market

I'm no longer interested in naira/dollar news

I taya oo! The prices of commodities are still very very high.

Majesty7:
And it is #1,620 at the parallel window This country is just full of drunkards. Banks and CBN chiefs needs to be arrested, jailed and executed all at once.

Official rate at #1,493? Which will be sold to Bureau de Change operators to sell above #1,620 to the public? Everything about this country sucks to the highest heaven.

The question is, why operate two windows?

That is called corruption, corruption is the main problem.

surgical:
you guys are the real enemies of Nigeria not those that call you out or point to the nonsense you have turned this country into
You ,your yeye governor and ut apologist are the real enemy of the country, you set the country back several years ,you expect people to clap for your incompetence,your reverse psychology can only work on timid and naive people

Guilty conscience. Are you an enemy of Nigeria? Why quoting me

Chibuzoc:
useless naira, if you’re not earning in $$ or have any family member remitting hard currencies, you are the mvp

Earn in dollar via Cheersway, you'll thank me later https://cheersway-a-commerce.vip/#/pages/Register/registerv1?code=84177043

Kingpele:
In 2011 APC told said is 217 to 1dollar ok? But today APC and thier willing zombies on Nairaland want us to celebrate 1430 to 1dollar...APC is a consuming cancer upon Nigeria 🇳🇬

But you were procrastinating it would go above 2000 and you would have been jerking off if that had happened telling us how obi is the best thing after jollof rice......it's going down now and you are still foaming on the mouth.

The sore losers are crying in their hearts...

We all know them.

In December, Obidunces told us naira gained because of diaspora remittance and would fall once New year celebrations are over. Now that it didn’t happen that way, they’re now telling us it’s because of Chinese new year
I wonder what will be their next excuse by mid year when naira will be trading around 1200/$