₦airaland Forum

Naira will appreciate to N1,300 per dollar, food prices to reduce significantly – BUA chairman, Rabiu

Chairman of the BUA Group and Nigerian billionaire businessman, Alhaji Abdul Samad Rabiu, has said the naira is expected to settle at between N1,300 and N1,400 per dollar by the end of December 2025.

He disclosed this in a briefing with journalists after meeting with President Bola Ahmed Tinubu at the presidential villa on Wednesday.

He commended the reforms under the president, stressing that businesses no longer rely on the Central Bank of Nigeria for foreign exchange, suggesting FX stability.

On the aspect of food and commodity prices, he stated that prices have significantly moderated in 2025 compared to last year.

“I expect that the rate should come down to maybe N1,300 or N1,400 before the end of the year. And this is something that we should all celebrate,” he said.

“If you look at the prices of food items last year and what we have today, you’ll see that there is a significant reduction in all commodities and prices of food items,” he said.

The National Bureau of Statistics inflation data for August 2025 showed that headline and food inflation dropped to 21.12 per cent and 21.87 per cent, respectively.

On Wednesday, the Naira strengthened to N1,490 per dollar at the black market, while the official market stood at N1,488.56.

Source: https://dailypost.ng/2025/09/25/naira-will-appreciate-to-n1300-per-dollar-food-prices-to-reduce-significantly-bua-chairman-rabiu/

These guys are the shareholders of the Nigerian enterprise. They manipulate the economy however it suits them

But why do we still have black market though? Everyone with bank account and BVN should be able to access FX at official rate. Anyway, we still hope that Tinubu remembers that his Renewed Hope benchmark was N300 to the $. Even if he can't fulfill his promises, he should return Naira to pre- May 29, 2023 rate of N460. Then, we can commend him. Now, he is only clearing him mess.

Appreciate ? From 725 it was just may 2023 here


168 in 2015 pre apc

All this statement is just to please Tinubu and fool his gullible followers. Bua waiting for Tinubu to give him dollars for petrochemicals.

Every wise man of this world is working for the interest of one man. Uncle Yekini.
You are a businessman BUA so we understand your plight.

If we can maintain the high export margin than import based on the last report, dollar naira rate should come down reasonably

Validated:
But why do we still have black market though? Everyone with bank account and BVN should be able to access FX at official rate. Anyway, we still hope that Tinubu remembers that his Renewed Hope benchmark was N300 to the $. Even if he can't fulfill his promises, he should return Naira to pre- May 29, 2023 rate of N460. Then, we can commend him. Now, he is only clearing him mess.

This is a brilliant summation. If I picked someone's pocket to the tune of one thousand, my handing back two hundred does not make me that person's saving grace.

But una meet am at 700 na

Anyone with dollar savings know that the dollar has fallen..and the exchange rate has been stable for sometime now.

KingDashx:
But una meet am at 700 na

But that was subsidized dollar as the rate wasn't even stable compared to what we have not without subsidization of dollars

This freaking Manipulator thing should shut up.

Tinubu doing the exact thing he criticized others of, he is now managing the forex flotation, he is fixing exchange rate after a failed experiment of total flotation
Government by trial and error

Until you can drive confidently at night on the nation highways inter state without fear of kidnapping.

Until you declare kidnapping and terrorism a capital offence. Instead the the pardoning and rehabilitation of terrorist they are doing now.

Then until you stop killing of farmers using herdsmen

Without these nothing

Naira that the criminal party met at #165 to a dollar under GEJ!

Tufiiaaa!

Nigerians too like suffer head!

Validated:
But why do we still have black market though? Everyone with bank account and BVN should be able to access FX at official rate. Anyway, we still hope that Tinubu remembers that his Renewed Hope benchmark was N300 to the $. Even if he can't fulfill his promises, he should return Naira to pre- May 29, 2023 rate of N460. Then, we can commend him. Now, he is only clearing him mess.

The only way we can have a valuable currency is by not voting for obi, or voting for tinubu, or whatever...it is by Nigerian economy becoming dependent on stuff whose prices we can set...and that can only be done by exporting manufactured goods and services.

You can talk about how under PDP Naira was N200 or less to dollar, and I can tell you of the days when naira was N6 to one dollar, and most peiople were still suffering then.

Yes, even tinubu now is not doing anything...N1300 represents a economy dependent on oil, not a serious economy. When we are ready to vote leaders who will emphasize industrialization, and scientific investigation as the basis of our economy, it will take time, but we will see N1 being equal to 1 dollar.

Always talking rubbish, in attempt to be in good book of the government. The Cement price he said it will drop has been creasing every day now 10,500. The same thing with Rice, he claimed to 60k per bag; how much is it now? Ass licker

Not posible with the way this Dangote refinery issue is being handled by the govt

It should.

That way, GRE exam registration will become cheaper.

This one that is worse than Dangote in capitalist tendencies. Always yarning nonsense.

Validated:
But why do we still have black market though? Everyone with bank account and BVN should be able to access FX at official rate. Anyway, we still hope that Tinubu remembers that his Renewed Hope benchmark was N300 to the $. Even if he can't fulfill his promises, he should return Naira to pre- May 29, 2023 rate of N460. Then, we can commend him. Now, he is only clearing him mess.

Even if Ur messiah emerge, he can't take dollar back to #460 per dollar.

Subsidy is gone and it's gone for ever.

Base on mid or temporary measures like " Intervention" .. if thats the case then its not news

we've seen dollar go down as low as 1100, 1300 wont convince Us

Story, because u are the CBN governor or are u the Nigerian economy that will determine that.

If the government doesn't change from their wasteful spendings,and don't change our import dependent policy to manufacturing and local production
You are all just living in deceit and fools paradise

[quote author=Validated post=136932842]But why do we still have black market though? Everyone with bank account and BVN should be able to access FX at official rate. Anyway, we still hope that Tinubu remembers that his Renewed Hope benchmark was N300 to the $. Even if he can't fulfill his promises, he should return Naira to pre- May 29, 2023 rate of N460. Then, we can commend him. Now, he is only clearing him mess.[/Irrespective of the price at which it is sold, the black market will continue to exist. The matter at issue is the amount of premium that must be low and very insignificant to cause round-tripping.

Validated:
But why do we still have black market though? Everyone with bank account and BVN should be able to access FX at official rate. Anyway, we still hope that Tinubu remembers that his Renewed Hope benchmark was N300 to the $. Even if he can't fulfill his promises, he should return Naira to pre- May 29, 2023 rate of N460. Then, we can commend him. Now, he is only clearing him mess.

Regardless of the price at which it is sold, the black market will continue to exist. The matter at issue is the amount of premium that must be low and very insignificant to cause round-tripping.

Dangote is about to pour sand in the garri.

Dollar will go back to N1,900 if he suspends the use of Naira to buy his products.

You celebrate something that is better na.



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I salute hardworking Nigerian business folks like BUA, DANGOTE, et al who are putting their efforts into growing our economy unlike folks who stash away their cash in Monaco!

koning:
Dangote is about to pour sand in the garri.

Dollar will go back to N1,900 if he suspends the use of Naira to buy his products.

It will even go to 10,000 naira, beer parlor economists.

Wetin this one dey talk.
Daddy G.O don already talk am say ₦1 go equal $1

kelvindj98:
It will even go to 10,000 naira, beer parlor economists.

You will see it come to pass. However, you may need to pray hard that you will taste of it.

CodeTemplarr:
Every wise man of this world is working for the interest of one man. Uncle Yekini.
You are a businessman BUA so we understand your plight.

Amoda Yekini Ogunlere

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