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The Stability Of The Naira: First 6 Months Of 2024 & 2025 - Business (2) - Nairaland

Nairaland Forum โ€บ Nairaland General โ€บ Business โ€บ The Stability Of The Naira: First 6 Months Of 2024 & 2025 (8759 Views)

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Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Mabuggi88: 6:53pm On Jul 01, 2025
nairalee:
Someone bought a phone in 2024 and now selling it as second hand but more expensive than the original price.
I bought a car Lexus ES 330 3.4m in 2021 and we sell it in January this year 5.6M after using for almost 4 years. Nigeria is bleeped
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Cromagnon: 6:58pm On Jul 01, 2025
MeetDx:
And I don't understand the big difference between the exchange rate in 2024 vs 2025.
[color=indigo]
Why you think the men are bad


[/color]
All na failure,


For you
Not for them

but these bad men want play statistics with us.
[color=indigo]

No one stopped you from playing statistics o

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Werey Dem! Na which year better pass na him we dey talk? J
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Cromagnon: 6:59pm On Jul 01, 2025
MeetDx:
And I don't understand the big difference between the exchange rate in 2024 vs 2025.
[color=indigo]
Why you think the men are bad


[/color]
All na failure,


For you
Not for them

but these bad men want play statistics with us.
[color=indigo]

No one stopped you from playing statistics o

[/color]
Werey Dem! Na which year better pass na him we dey talk? J
Mabuggi88:
I bought a car Lexus ES 330 3.4m in 2021 and we sell it in January this year 5.6M after using for almost 4 years. Nigeria is bleeped
yes now go and buy another es330 let's see whether 5.6 will afford it
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Cromagnon: 7:01pm On Jul 01, 2025
nothingmega122:
Can we bring it down to what it used to be, 480?

Yes but that won't increase your productivity


Because these are minor when it pertains stability. Sure, the naira is stable now but for how long?
for ad long as you demand and supply (money, imports/exports ) does not change
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by anonimi: 7:29pm On Jul 01, 2025
TalkingBird:
Wickedness of the highest order, how can we be celebrating this rate.
I wonder o.
How do we get rid of this Stockholm Syndrome affliction that makes us vulnerable and violated repeatedly by those allowed to emerge into public office from our midst?

Omooba77:
Owerri โ€“ The All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.
Buhari stated this during the South-East presidential rally of the party at Dan Anyima Stadium, Owerri.

โ€œIt is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nationโ€™s economy,โ€™โ€™ he said.
He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

Earlier, Gov Rochas Okorocha had urged APC supporters to vote for the partyโ€™s candidates at all levels, noting that a vote for Buhari without support to others at the state would amount to nothing.
Okorocha said Buhari would address the problem of electricity, bring back the kidnapped Chibok girls and promote industrial growth.

He said that Buhari was loved by the people in the region and urged them to elect him and other APC candidates during the March 28 and April 11 general elections.

Former governor of Anambra, Mr Chinwoke Mbadinuju and former Minister of Education, Chinwe Obaji, were formally welcomed to the APC at the rally.

The rally was attended by APC supporters from Abia, Ebonyi, Anambra, Enugu and Imo. (NAN)


http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/#sthash.eALwzZ4V.dpuf
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Blackdisciple(m): 7:32pm On Jul 01, 2025
Are they praising him or what because I'm not understanding.! undecided undecided
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by anonimi: 7:33pm On Jul 01, 2025
Cromagnon:
Yes but that won't increase your productivity
Can you please explain why this massive devaluation of our currency has failed to increase productivity after over two years of ebilokan palliative sharing progreThief government huh

anonimi:
May 1, 2025

May Day: Hunger, unemployment, insecurity realโ€” Tinubu

According to him: โ€œThe theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.โ€

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: โ€œI am aware of the peculiarities of the economic hardship Nigerians faceโ€”rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Stayingalive: 7:54pm On Jul 01, 2025
Blackdisciple:
Are they praising him or what because I'm not understanding.! undecided undecided
you know our way na. Naija and mediocrity

Not enough original content
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Blackdisciple(m): 7:56pm On Jul 01, 2025
Stayingalive:
you know our way na. Naija and mediocrity

Not enough original content
Anything dollar baba should be apologizing to us because all knew were dollar to naira was and were it is today, so we shouldn't be happy oo
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Stayingalive: 7:58pm On Jul 01, 2025
Blackdisciple:
Anything dollar baba should be apologizing to us because all knew were dollar to naira was and were it is today, so we shouldn't be happy oo
The op and there online crew are trying hard to reset our memory. They are writing โœ๐Ÿผ some hero content for him. โ€œHow he has stabilized our Naira.โ€

Since Nigeria seem to have short memory
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Blackdisciple(m): 8:04pm On Jul 01, 2025
Stayingalive:
The op and there online crew are trying hard to reset our memory. They are writing โœ๐Ÿผ some hero content for him. โ€œHow he has stabilized our Naira.โ€

Since Nigeria seem to have short memory
If not ignorant of some Nigerians we still remember were dollar was when he took office so no matter wetin dem go write we no go send them except they take it back to where it was before then add 2-3 naira to it that one can be understandable
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Kukutente23: 8:28pm On Jul 01, 2025
Ikaeniyan0:
I remember when obidients were jubilating and claiming Naira will crash to 2k per dollar before December 2024
Do you also remember those who claimed 216 per dollar is bad
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Murketeer: 11:51pm On Jul 01, 2025
Olaide1295:
Definitely more stable and businesses are able to plan.
My hope is that they allow a progressive 5% devaluation yearly rather than holding a rate and then seeing a drastic fall at once like we used to have.
A progressive 5% yearly devaluation helps predictability and businesses can plan.
This stability doesnโ€™t favour price of goods at all โ€ฆ thereโ€™s uncontrolled inflation happening to goods right now
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by 3seriez(m): 12:57am On Jul 02, 2025
nairalee:
Someone bought a phone in 2024 and now selling it as second hand but more expensive than the original price.
I bought a Xiaomi 12t for around 190k around January 2024. I wanted to upgrade to Xiaomi 13 or 14 last month , I'm just seeing over 300k. I just changed my mind for now ๐Ÿ˜ž
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Olaide1295: 7:44am On Jul 02, 2025
Murketeer:
This stability doesnโ€™t favour price of goods at all โ€ฆ thereโ€™s uncontrolled inflation happening to goods right now
There was uncontrolled inflation last year, but seems to have gotten stable now.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Murketeer: 8:36am On Jul 02, 2025
Olaide1295:
There was uncontrolled inflation last year, but seems to have gotten stable now.
I donโ€™t know if you do business โ€ฆ cos I am a business man .. and I am telling you the reality
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Cromagnon: 8:38am On Jul 04, 2025
anonimi:
Can you please explain why this massive devaluation of our currency has failed to increase productivity after over two years of ebilokan palliative sharing progreThief government huh
is not supposed to
Forty forty forty forty forty forty forty forty forty forty forty
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by BluntCrazeMan: 5:56am On Jul 05, 2025
oluwaseyi0:
It's seems stable but on high rate
Hopefully we will get there
Stability matters far more than the rate inside the local economy.

But for exchange purposes and international trade purposes, that's where the rate matters.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by oluwaseyi0: 9:47am On Jul 08, 2025
BluntCrazeMan:
Stability matters far more than the rate inside the local economy.

But for exchange purposes and international trade purposes, that's where the rate matters.
Stability is key, with stability every business owners knows exactly what they are venturing into and can projects profitable or loss

Extremely fluctuating rate is a killer
1 2 Reply

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