Naira Rises To ₦1,490/$ In Parallel Market - Business (3) - Nairaland
Nairaland Forum › Nairaland General › Business › Naira Rises To ₦1,490/$ In Parallel Market (10840 Views)
| Re: Naira Rises To ₦1,490/$ In Parallel Market by shortIGBOman: 8:22am On Feb 27, 2025 |
Putindbutt:What you posted is one of Tinubu's lies and propaganda against Emefele. They have gone to meet the same Emefele to educate them on how beat to handle this economy. That's why naira even appreciate small. Tinibu and his team are clueless 1 Like |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Eriokanmi: 8:23am On Feb 27, 2025 |
porthouse7:This is right but it's higher than what you quoted, I monitor the trend daily. I wish tinubu could let the naira appreciate to 720 naira where he met it before destroying it with his bad and irreversible policy which caused multinationals and other companies to shut down and leave Nigeria. Unfortunately, these are the companies paying taxes which they use for developmental projects. All those sudden increases in taxes levied on telcos, imported goods and vat hike wouldn't have been necessary in the first place. Despite all these moves, it still amounts to nothing cos it's like a drop in the ocean. Tinubu was so overrated. He messed up big time. Noting we're 4th largest economy in africa today is enough proof this man has destroyed Nigeria. Hid owns this country.We shall recover 1 Like |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by NothingDoMe: 8:24am On Feb 27, 2025 |
regenerateman:https://www.bloomberg.com/news/articles/2025-02-25/nigeria-s-shrinking-forex-reserves-threaten-recent-naira-gains |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by spiSeyi: 8:24am On Feb 27, 2025 |
Putindbutt:You know nothing about Nigerian economy we are experiencing this bcs: 1. High inflow of Diaspora Remittance for December/January because of the Yelutide 2. Crude Oil price is always at all time high from Jan- March. Whatever you are seeing now is autopilot even if we have a slowpoke as MR president it will work like this. PBAT policy can only be appreciated if this is sustained till late May onwards |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by ZombieDredd: 8:24am On Feb 27, 2025 |
JASONjnr:But Saudi Arabia economy balance and fuel no dey rise there.......pull out your head from politician arse. If we no point them, na you we go point? |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Sunnyrado: 8:25am On Feb 27, 2025 |
Tulsaguy:Good morning, I just joined the WhatsApp group from TG kindly approve my request. Thank you |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by spiSeyi: 8:28am On Feb 27, 2025 |
shortIGBOman:It's normal Russia supported its currency with almost 360B USD in 2023 even Japan did the same last Year  .The only issue here is what are the other sustainable plans to balance our trade deficit and diversify the economy in large scale 1 Like |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Putindbutt(m): 8:28am On Feb 27, 2025 |
SalamRushdie:Illiterate, can you interprete what Bismarck Rewane says?.. how is Government defending the naira?. Two questions in one. |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by porthouse7(f): 8:29am On Feb 27, 2025 |
Eriokanmi:go to airport hotel ikeja, I can change money regularly |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Putindbutt(m): 8:31am On Feb 27, 2025 |
spiSeyi:🤣🤣🤣🤣 1. Illiterate ipob has never heard of FDIs before 😅😅 . Even the diaspora remittances are meant for households not Govt. 2. Illiterate ipob do not even know that international oil price is coming down 😂😂😂 . Ignorant buffoons are the loudest noisemakers on the internet 🤣🤣🤣 Una don shift your target to May after China holiday narrative don fail 😅😅😅 1 Like 1 Share |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by frankputer: 8:33am On Feb 27, 2025 |
regenerateman:Alarmist, reserve is 3 years high. Are u aware that dangote drop Pms price. This will make it hard for upward surge as more crude is sold and petroleum products are being exported. More inflow of fx. Rebasing of the economy is taking place. CBN have learn from it previous errors. They have save enough dollar out side the reserve. It’s been use to now to rebase the economy. It will take time for prices of goods to come down. Let the dollar price issues change. Prices of goods will come down gradually. Last time the government was white washed with the words “How does it affect common man, price of goods etc” Today as u can see it is affecting price of PMS as it is appreciating, Dangote is adjusting his price. Which every goods manufacturer have to comply or they will be leaving in the past. |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Ringstonermasks: 8:33am On Feb 27, 2025 |
be lyk say i go sell all my Bitcoin today 1 Like |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by killuminati(m): 8:34am On Feb 27, 2025 |
shortIGBOman:  My belle o  1 Like |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by inyass2580(m): 8:34am On Feb 27, 2025 |
Tulsaguy:( pls can U send me a dm on 08166579753 to av more knowledge of dis pls) |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Blazetrailer: 8:36am On Feb 27, 2025 |
spot on....!! baconline: |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Putindbutt(m): 8:36am On Feb 27, 2025 |
shortIGBOman:Street Journal is a propaganda outfit 🤣🤣🤣, how about other credible media like Premium times, Channels that carried it ?, Even your aboki Dailytrust carried it. Quota system Illiterate you are.😂😂😂 |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by bojobulege: 8:36am On Feb 27, 2025 |
baconline:The country needed to have the foreign exchange in place to back the Naira and to subsidise PMS. As at the time they came in, there was no money. Zero, nil, zilch. Past administrations had spent huge foreign reserves and borrowings defending the naira. This new people needed to build up our reserves, pay debts, stop the items that we were subsidising like PMS before they can defend the naira. Otherwise, we would have been practising zombie economics. 2 Likes |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Stayingalive: 8:36am On Feb 27, 2025 |
JASONjnr:brain dead |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Putindbutt(m): 8:37am On Feb 27, 2025 |
Blazetrailer:Make I dey watch this Illiterate. As reserves don surpass $40b, make I dey laugh losers🤣🤣🤣 |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by tollyboy5(m): 8:37am On Feb 27, 2025 |
NothingDoMe:Reserve just exceed 40b and you're here dreaming |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by killuminati(m): 8:38am On Feb 27, 2025 |
Omo, too many intellectuals, we wey no knw book don confuse like this One says this, the other ones say that, who we go agree with like this? God Bless Naija Las-las 🙌 |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Blazetrailer: 8:39am On Feb 27, 2025 |
God have mercy!! ...and this one too will claim he/she is educated.... Salebo: |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by shortIGBOman: 8:40am On Feb 27, 2025 |
Putindbutt:What are you even celebrating? Your incompetent Tinubu used over 8 billion dollars to support the naira within a year. While, Emefele used less than 4 billion dollars to support the naira within 4 years. Emefele was able to sustain the naira below 500 to 1 dollar. You clueless Tinubu used 8 billion dollars yet the naira is above 1,490. Shame no dey even catch una again 1 Like |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Blazetrailer: 8:40am On Feb 27, 2025 |
Lol......here below is the official dumbest poster on nairaland...lol Putindbutt: |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Basicend: 8:42am On Feb 27, 2025 |
Oblongata:Amen. |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by spiSeyi: 8:43am On Feb 27, 2025 |
Putindbutt:You are the illiterate here if not you wont just conclude that I am IPOB, you demented with hatered and tribalism what a shame.FYI I am a proud omoliabi from Ejigbo Osun state, tribalism won't take us anywhere. Ma gbe ara re gun esin ayan, ti oju ba fi ara bale dada ari imu.. |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by Putindbutt(m): 8:44am On Feb 27, 2025 |
Blazetrailer:My customer welcome, I still get your cane in the corner 😂😂 |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by shortIGBOman: 8:44am On Feb 27, 2025 |
Putindbutt:Typical, na online una get power. In reality you go melt when you see me. You dey claim jaguda here. Where were you as the North is about to enforce Sharia law in Yoruba land (your region)? As you dey claim jaguda, why you allow a Northerner rule over your people in Ilorin as their Emir? |
| Re: Naira Rises To ₦1,490/$ In Parallel Market by JagaLove: 8:47am On Feb 27, 2025 |
shortIGBOman:the effect of the 8billion dollars will soon wear off and Nigeria will return where it started. Pathetic |
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