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Naira Depreciates N1,600/$ In Official Market - Business (3) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Depreciates N1,600/$ In Official Market (9261 Views)

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Re: Naira Depreciates N1,600/$ In Official Market by Guestmale: 9:53am On Apr 05, 2025
asolocoaso:
It will get worse.
That's how you armchair economists predicted it will reach 3k, but your prediction failed, this one will also fail.
Re: Naira Depreciates N1,600/$ In Official Market by geoworldedu: 9:59am On Apr 05, 2025
Dotherightthing:
Are you madhuh
He spoke the truth. It will get worse. The leaders don't have a clue.
Re: Naira Depreciates N1,600/$ In Official Market by VeeVeeMyLuv(f): 10:04am On Apr 05, 2025
How e no depreciated when govt don't want to do anything about the insecurity problem and rising levels of crime

And guess what we don't have natural disasters such as earthquakes, volcano, tsunami, hurricane plaguing us o. If there was, by now the country will be wiped out completely because of brainless leaders.

This insecurity problem is man-made and it is deliberate.
Re: Naira Depreciates N1,600/$ In Official Market by Originalsly: 10:21am On Apr 05, 2025
The FG cannot sustain propping up the Naira to make it appear to be stronger and stable. We are spending scarce and borrowed money to keep up the show. Oil price is dropping ... debts have to be serviced ... then so much of oil still in the ground was already given out as collaterals for loans. So what do we really have to strengthen the economy and prevent the Naira from depreciating? Nothing. The Naira is getting weaker ... can no longer swim like it used to ... is drowning ... going under and popping up for brief moments ... clutching at straws ... then going under again.

I don't blame Tinubu period .... he said what he said ...and was voted in by the majority who misinterpreted what he was clearly saying. He gave the headline ..... it is my turn now and people ran with it ..not waiting nor asking for the details.... his turn for what? Now we know he meant to loot and wreck Nigeria.
Re: Naira Depreciates N1,600/$ In Official Market by Ringstonermasks: 10:21am On Apr 05, 2025
thank u Jesus
Re: Naira Depreciates N1,600/$ In Official Market by Obakoolex(m): 10:27am On Apr 05, 2025
On bybit it's #1560 per dollar

If you're not earning in dollars, you are a 'dollard' grin

Ask me how if you wanna.
Re: Naira Depreciates N1,600/$ In Official Market by Usmanovic95(m): 10:40am On Apr 05, 2025
We all can see why Dangote intend to suspend the sale of petrol in naira. Storing your wealth in an unstable currency like naira is risky.
Re: Naira Depreciates N1,600/$ In Official Market by KaptainAfrika: 10:41am On Apr 05, 2025
Like if you bought dollars when it went down, Like also if you kept your dollars and didn't listen to paid pauper patriotic propagandists who said you should sell your dollar. cool cool cool cool cool cool cool cool cool
Re: Naira Depreciates N1,600/$ In Official Market by nairalanda1(m): 10:43am On Apr 05, 2025
Manufactured goods and services
Re: Naira Depreciates N1,600/$ In Official Market by Elvictor: 10:45am On Apr 05, 2025
Make em dey like this till i convert my dollar
Abeg oh
Re: Naira Depreciates N1,600/$ In Official Market by Chickensoup: 10:49am On Apr 05, 2025
Nigerians like to blame too much. Soo many countries had a hard time before growing back their economy. This might not be a popular opinion but a generation had to be the one to experience such hardship. Franch and American went through economic hardship too and that generation suffered before things got better.
Re: Naira Depreciates N1,600/$ In Official Market by Exousiang01(m): 10:58am On Apr 05, 2025
asolocoaso:
It will get worse.
Your economic conditions will get worse.
Some of you have become so filled with hate for your country that you are no longer different from mad people...

This is just grave stupidity
Re: Naira Depreciates N1,600/$ In Official Market by Bellotelli: 11:18am On Apr 05, 2025
zero8zero:
Many of just ignorantly exposed how dumb you are, you have nothing upstairs. Are you living under a rock when the last Administration sold most of our crude oil for loans?. To renew the deal, a lot of concession has to go into it and the IOCs will have to agree to it. Our crude oil production must also be increased to make more crude oil available.
Keep licking Tinubu's ass all in the name of tribal or religion bigotry.. I pity for ur generation.
Re: Naira Depreciates N1,600/$ In Official Market by zero8zero(m): 11:24am On Apr 05, 2025
Bellotelli:
Keep licking Tinubu's ass all in the name of tribal or religion bigotry.. I pity for ur generation.
This one is dull grin which one is tribal in the fact that there's too much pressure on dollars, these headless mob sef.
Re: Naira Depreciates N1,600/$ In Official Market by laivwire(m): 11:28am On Apr 05, 2025
The country is already on its hands and knees with the leaders' hands on its shoulders.
Re: Naira Depreciates N1,600/$ In Official Market by Bellotelli: 11:29am On Apr 05, 2025
zero8zero:
This one is dull grin which one is tribal in the fact that there's too much pressure on dollars, these headless mob sef.
Tinubu ass licker, if you have brain at all you would have noticed the fall of naira the moment the Naira for crude deal was called off.
Re: Naira Depreciates N1,600/$ In Official Market by zero8zero(m): 11:38am On Apr 05, 2025
Bellotelli:
Tinubu ass licker, if you have brain at all you would have noticed the fall of naira the moment the Naira for crude deal was called off.
You see this dull boy repeating the dogshit in his head grin. That's was why I asked you if you were living under a rock when our crude oil was sold in advance for loans but as usual una go cherrypick & wail accordingly. The deal was not called off, it expired and yet to be renewed because there's less crude oil to sell. Until they can arrive at a concession.
Re: Naira Depreciates N1,600/$ In Official Market by ufotunang: 11:52am On Apr 05, 2025
asolocoaso:
It will get worse.
..abi.. what did Nigerians expect when they voted an incompetent,dull and old man into power..it's a pity
Re: Naira Depreciates N1,600/$ In Official Market by Stayingalive: 12:17pm On Apr 05, 2025
searchlight:
I just wish dollar hits 2k. Then I will be rich
Cause you’re earning some small penny. Be careful what you wish for your future and that or your loved ones. It’s going to be a long ride. Don’t be penny wise and pounds foolish
Re: Naira Depreciates N1,600/$ In Official Market by Spinflow: 12:30pm On Apr 05, 2025
Re: Naira Depreciates N1,600/$ In Official Market by persius555(m): 12:38pm On Apr 05, 2025
PriceActionZ:
Global economy is melting. Countries that can't depend on themselves to some certain levels will hear koboko for this trump era, it's no joke. Nigeria will be highly hit too. Trump will cause more damages to many countries economy and sadly naira will also keep plummeting. It's a matter of time. If you are getting paid in dollars from Nigeria either as a freelance or traders , you will smile often.
Yrump is pissed with the humongous debt that the US owes. His approach is to drag as many helpless countries as possible into this sinkhole of debt.
He believes the rest of the world are responsible for where the US economy is forgetting the role America plays in destroying other countries by weaponising the dollar

You can't eat your cake and hqve it
Re: Naira Depreciates N1,600/$ In Official Market by kazzonline: 12:58pm On Apr 05, 2025
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Re: Naira Depreciates N1,600/$ In Official Market by InvertedHammer: 1:22pm On Apr 05, 2025
/
The target is N2000/$.


/
Re: Naira Depreciates N1,600/$ In Official Market by Gboss247(m): 1:35pm On Apr 05, 2025
zero8zero:
Many of just ignorantly exposed how dumb you are, you have nothing upstairs. Are you living under a rock when the last Administration sold most of our crude oil for loans?. To renew the deal, a lot of concession has to go into it and the IOCs will have to agree to it. Our crude oil production must also be increased to make more crude oil available.
Every loan Nigeria borrows is collateralized with crude, stop defending rubbish.
Re: Naira Depreciates N1,600/$ In Official Market by zero8zero(m): 1:40pm On Apr 05, 2025
Gboss247:
Every loan Nigeria borrows is collateralized with crude, stop defending rubbish.
You're a retard.
Re: Naira Depreciates N1,600/$ In Official Market by MartinsD12(m): 2:04pm On Apr 05, 2025
ogododo:
https://www.vanguardngr.com/2025/04/naira-depreciates-n1600-in-official-market/
It's getting worse again no wonder price of garri is going up again instead of coming down, from 1500 to 1600 something that should be coming down , tinubu is a national economic calamity impact to this country.
Re: Naira Depreciates N1,600/$ In Official Market by PUNANI01: 2:34pm On Apr 05, 2025
Hotfreeze:
I don't reply Abia cannibals.
iti! bãst--d; reply again.
Re: Naira Depreciates N1,600/$ In Official Market by Yankee101: 2:47pm On Apr 05, 2025
Imagine, official market
Re: Naira Depreciates N1,600/$ In Official Market by stasius: 3:02pm On Apr 05, 2025
Ramadan is over.

Back to square one.
Re: Naira Depreciates N1,600/$ In Official Market by Blazetrailer: 3:04pm On Apr 05, 2025
Thus was the simple and basic reason Naira shouls never have been devalued until the whole financial system restructuring or reforms had been carried out before floating naira.

You will kill it in a matter of days if youbket naira and dollar slug it out even in the Nigerian economy....naira will die a natural death in a matter of days. Till now, some schools in Nigeria and house rents are paid in USD despite all the noise from CBN. So how a reasonable human being thought it wise to open naira to such a fight with USD in Nigeria, an import dependent country is still beffudling.

Most stupid decision.


CollinsJC:
Everything might go up again. Even landlords will start increasing rent all over again because of dollar. Chaiii ...what a country that dollar determines even how we make love. How area boys charge drivers and how drivers charge passengers and how governments in all level increase tariff and taxes ...but how salaries are increased and paid is not important.
Re: Naira Depreciates N1,600/$ In Official Market by Ibehchizzy: 3:11pm On Apr 05, 2025
Seriously say one good thing this thiefffnubuu regime has achieved
1 2 3 4 Reply

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