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Naira Records Massive Depreciation Against Dollar Weekly At Official Market - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Records Massive Depreciation Against Dollar Weekly At Official Market (25765 Views)

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by abc115: 7:54pm On Mar 22, 2025
Stupid headline by unpatriotic nairaland owner, moderators and op
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Johnn74: 7:56pm On Mar 22, 2025
Racoon:
Naira now just meandering belatedly against the dollar as a useless currency.

grin cool
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by back2sender: 7:56pm On Mar 22, 2025
Racoon:
Naira now just meandering belatedly against the dollar as a useless currency.
Until you start producing for local consumption and export & less import before pressure on naira will reduce.
Until then, naira will keep receiving gba gbos from the dollar
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by essentialone1: 7:57pm On Mar 22, 2025
iLoveYouToo:
If the US goes to war, YES


grin
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by McLizbae: 7:59pm On Mar 22, 2025
You mean 100k?
essentialone1:
can Naira ever go back to N100 per dollar?
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by essentialone1: 8:00pm On Mar 22, 2025
McLizbae:
You mean 100k?


grin
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Dotherightthing: 8:04pm On Mar 22, 2025
I hate pigs

What is massive in this?
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Bluebrain101: 8:07pm On Mar 22, 2025
essentialone1:
can Naira ever go back to N100 per dollar?
Yes.

That's around year 40000
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by SalamRushdie: 8:08pm On Mar 22, 2025
Fasaa4:
The appreciation of the Naira never benefited the common man anyways angry
Are you retarded or just playing ?
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Ykc2(m): 8:09pm On Mar 22, 2025
No need of we complaining like before they told us buhari will handle terrorism osibanjo will take care of economy today is tinubu will handle Colombia white shettima will join army to fight bandits and boko haram
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by uniquelyspecial(m): 8:09pm On Mar 22, 2025
ellizy:
Tinubu is working on the economy while Shittima on Security
Kudos
Kudos to you for the kind of brain you have. Did you even read the content or understand it at all?

It's important we remind the that the VP is supposed to be in charge of the economy.

Ooo. Tinubu and Shettima switched roles abi?
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Yankee101: 8:15pm On Mar 22, 2025
Where are those singing its praises a few weeks ago?
You don see naira recover to old rate after massive depreciation?
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by iwaeda: 8:16pm On Mar 22, 2025
NothingDoMe:
Lol. Those are fake unsustainable appreciations.
Just additional N140. grin grin grin
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Checkwell: 8:17pm On Mar 22, 2025
9benz:
To you reading this, may you never lack this year🙏
Wetin dey bring this one? Hunger-inspired? grin
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by blaise26abj(m): 8:18pm On Mar 22, 2025
omoredia:
A nation of fooIs. Is Tinubu as bad as those that thought he could deliver? I think not
I agree. Too many foolish Nigerians drown out the wise ones . In fact the wise ones use the head of the foolish ones on a daily basis . Most Nigerians are poor and foolish. How can they make any reasonable decision when they are looking for what to eat and survive
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Rekeb: 8:20pm On Mar 22, 2025
abc115:
Stupid headline by unpatriotic nairaland owner, moderators and op
Dont mind them. Really stupid headline. 1.2% depreciation is "massive". Only negative news about their country excite them.
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by tellwisdom: 8:22pm On Mar 22, 2025
What a useless news.
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by AgroBizSolution(f): 8:35pm On Mar 22, 2025
huh🤔
Fasaa4:
The appreciation of the Naira never benefited the common man anyways angry
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by HydraFeeds(m): 8:35pm On Mar 22, 2025
It's due to Dangote announcement.
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Laird(m): 8:36pm On Mar 22, 2025
Racoon:
https://dailypost.ng/2025/03/22/naira-records-massive-depreciation-against-dollar-weekly-at-official-market/
Food
Wheat
Rice
Medicine
Medical Equipment
Clothing
Computers
Phones
Sioftware
Even crude oil
Trucks
Tdailers
Electronics
Generators
Printers
Chemicals
Reagents
Iron rods

Is being imported into Nigeria with the growing population

Almost zero local.production and no significant exportd apart from crude oil, cocoa, some.other agricultural prodicts, afrobeats, and labour force of whiich India, China, Thailand , Philipines exports mote lpreferred and more adaptable and more prepared labour force than us..


So why wont the Dollar keep going up when.basic survival eseentials are imported and inportation is done in dollars
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Wimkeh(m): 8:40pm On Mar 22, 2025
Someone should explain this image

Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by MichaelTokunboh(m): 8:45pm On Mar 22, 2025
AMEN O'LORD 🙏 🙏 🙏
9benz:
To you reading this, may you never lack this year🙏
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by ceejayluv(m): 8:49pm On Mar 22, 2025
Fasaa4:
The appreciation of the Naira never benefited the common man anyways angry
What else do you expect from 2 to 3 percent max appreciation..... After landslide depreciation in less than 5 yrs
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Yemike(m): 8:51pm On Mar 22, 2025
9benz:
To you reading this, may you never lack this year
Amen and amen.
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Ringstonermasks: 8:51pm On Mar 22, 2025
thank God
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by tobstarizhia(m): 8:51pm On Mar 22, 2025
Its no depreciating. It's just averaging. Since it appreciates and depreciates in equal measure
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by ValarDoharis: 8:52pm On Mar 22, 2025
When has naira appreciated? If it does, it'll benefit the common man
Fasaa4:
The appreciation of the Naira never benefited the common man anyways angry
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by patrickcollins: 8:53pm On Mar 22, 2025
Fasaa4:
The appreciation of the Naira never benefited the common man anyways angry
From 1700 to 1535 is that one appreciation, it should drop to 1k per dollar
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by sulaak(m): 8:55pm On Mar 22, 2025
ReubenE:
Tinubu is a disaster
He is a criminal and should be shot.

The Naira will always depreciate until the country stops importing the products that it produces, such as refine oil , rice and palm oil
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by NothingDoMe: 8:57pm On Mar 22, 2025
iwaeda:
Just additional N140. grin grin grin
🤣
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by 77up(m): 9:04pm On Mar 22, 2025
89green:
Whenever naira appreciate, we go dey happy, we seem not to understand the factors involved. Nigeria does not score positive in these factors, main reason why it may continue to depreciate heavily. You think most of those in Govt want good for the country?

On the issue of interest rates, interest only makes a country useless, they do not lead to better economy
Even many citizens are guilty of the bold. I have some friends that all because they managed to have some few dollars in bybit, all their prayers is for dollars to rise against Naira.

It is well.
Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Maski87: 9:05pm On Mar 22, 2025
Ghanaians and cameroonians will be rejoicing and saying,I am a millionaire in naira
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