Dollar Is Crashing Against The Naira. What's Going On - Business (2) - Nairaland
Nairaland Forum › Nairaland General › Business › Dollar Is Crashing Against The Naira. What's Going On (2655 Views)
| Re: Dollar Is Crashing Against The Naira. What's Going On by PDPdestroyer(m): 8:58am On Sep 28, 2025 |
My Obidient neighbour who listened to Rufai Oseni that the rate is going to 2000/$ converted his life savings at the rate of 1750/$ with the hope of cashing out massively. His blood pressure has been increasing by every gain the naira makes, and he’s blaming Tinubu and Cardozo for his predicament ![]() |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 11:39am On Oct 02, 2025 |
Infotubia9ja:Whats the update sir |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 1:15pm On Oct 02, 2025 |
Blizzy300:Okay so from my knowledge wand understanding, A last-minute disagreement has been reached, and judgment passed and the rejected the approval for government spending and as such it led to the government shutdown by a disagreement over the federal debt and spending. The disagreement primarily stemmed from a faction of Republicans in the House of Representatives pushing for deep federal spending cuts. Congressional Democrats and the White House opposed these cuts, advocating for a clean bill to fund the government at current levels and avoid an economic crisis. So in summary, the us economy is not fully functional as some part of the government is shut down till a new agreement is reached over tge new spending bill. So if you look at the dollar to naira rate today it is still down so my advice start gathering your money the house of senate will reconvene soon and the moment they do and they approve the bill hurry up and buy them $$$ but for now I will say wait a bit and follow the news. The $$$ might still crash down a little bit more for the next few days so that should be at a big advantage to you wanting to invest but dont buy just yet hold strong it should go down a but more. As both Democrats and Republicans are not yet coming to terms on the new spending budget so will the $$$ keep going down. The standoff just began yesterday so it should continue for a few more days before they come to a compromise and when they do and the approve trumps new spending budget then run go buy buy buy as much $$$ as you can to make a good profit as the dollar will begin to regain fast over the naira. |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 9:31pm On Oct 02, 2025 |
Infotubia9ja:Thank you boss I have been doing some research before, I came across your post Where do I follow the US government news more keenly As I was unable to find the news anywhere on the internet. I don't know if I looked correctly but Will appreciate it if you ease the search for me. |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 10:03pm On Oct 02, 2025 |
Sure i can help a bit with that some sources might include: Congress.gov: The official website for U.S. federal legislative information. You can search for the specific bill (e.g., "H.R. 2882" or whatever the current continuing resolution or omnibus bill number is), to track its progress of the updates. Politico: Arguably the leader in inside-the-Beltway coverage. Their Politico Playbook newsletter is a must-read for daily updates on negotiations. Their congressional and White House reporters are excellent. The Hill: Similar to Politico, it focuses extensively on Congress and political news. Its "Rising" and "12:30 Report" newsletters are great for quick updates. Reuters & The Associated Press (AP): These are wire services known for factual, unbiased reporting. They are often the first to break news on major developments. Following their politics feeds is highly recommended. The New York Times & The Washington Post: Both have deep benches of congressional reporters and provide both breaking news and in-depth analysis. Their paywalls are often worth it for this level of coverage. Some trusted Social Media handles as well. For real-time updates and a consolidated view. Jake Sherman (@JakeSherman) - Politico Burgess Everett (@burgessev) - Politico Caitlin Emma (@caitlinmemma) - Politico Leigh Ann Caldwell (@LACaldwellDC) - Washington Post Others may include the official accounts of party leaders (e.g., @SpeakerJohnson, @SenSchumer) and the relevant appropriations. I hope this helps as you should get steady updates from them listed above. |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 10:04pm On Oct 02, 2025 |
Blizzy300:Sure i can help a bit with that some sources might include: Congress.gov: The official website for U.S. federal legislative information. You can search for the specific bill (e.g., "H.R. 2882" or whatever the current continuing resolution or omnibus bill number is), to track its progress of the updates. Politico: Arguably the leader in inside-the-Beltway coverage. Their Politico Playbook newsletter is a must-read for daily updates on negotiations. Their congressional and White House reporters are excellent. The Hill: Similar to Politico, it focuses extensively on Congress and political news. Its "Rising" and "12:30 Report" newsletters are great for quick updates. Reuters & The Associated Press (AP): These are wire services known for factual, unbiased reporting. They are often the first to break news on major developments. Following their politics feeds is highly recommended. The New York Times & The Washington Post: Both have deep benches of congressional reporters and provide both breaking news and in-depth analysis. Their paywalls are often worth it for this level of coverage. Some trusted Social Media handles as well. For real-time updates and a consolidated view. Jake Sherman (@JakeSherman) - Politico Burgess Everett (@burgessev) - Politico Caitlin Emma (@caitlinmemma) - Politico Leigh Ann Caldwell (@LACaldwellDC) - Washington Post Others may include the official accounts of party leaders (e.g., @SpeakerJohnson, @SenSchumer) and the relevant appropriations. I hope this helps as you should get steady updates from them listed above |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 10:00am On Oct 03, 2025 |
Infotubia9ja:Thank you so much I really appreciate The SM handles are on X Right? How about Nigerian aspect I wonder why topics like this don't make it to FP |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 2:57pm On Oct 03, 2025 |
Blizzy300:Yes on X. Also I dont do nigerian trades or bonds i just prefer foreign trades and crypto nothing more but i can do but due to nigerian business structure i just try to avoid it as much as I can personally. |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 7:16pm On Oct 04, 2025 |
Infotubia9ja:LOL Rate is back up, before I could say jack Robinson. Thank you so much. I will also appreciate it you can put me for bonds trade I do crypto already |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 7:37pm On Oct 04, 2025 |
Blizzy300:Bonds that I do, are us based bonds thats what i trade on basically on Robinhood trading platform. If you interested in trading bonds basically usa bonds and IPOs then sure why not it will be fun for sure. |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 8:01pm On Oct 04, 2025 |
Infotubia9ja:Awesome How do we start |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 8:25pm On Oct 04, 2025 |
Blizzy300:First what trading platform are you familiar with? |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 9:14pm On Oct 04, 2025 |
Infotubia9ja:. All crypto Xchanges Binance Bybit Mexc Gate Kucoin I have also come across FBS and Robinhood ads |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 9:19pm On Oct 04, 2025 |
Blizzy300:Okay basically to trade bonds and IPOs, I can only teach you using Robinhood. It dosent work on crypto trading platforms only platforms that deal on stock trades. Also if you want to master the art of trading, check out this YouTube chanel 100% free and awsome ( trades by sci) leran as much as you can and come thank me in the future. Just watch and learn all his videos on youtube as you can |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 3:26pm On Oct 05, 2025 |
Infotubia9ja:Thank you so much Is bond and IPOs less volatile than crypto |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 8:27pm On Oct 05, 2025 |
Blizzy300:No not at all way much better but for bonds its for long term investment while IPOs are for quick take new companies listing into the stock market very awsome if you know how to go about your trading strategy. Just watch that YouTube video chanel to get started and thank me later. |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 10:50pm On Oct 05, 2025 |
Blizzy300:In my own opinion yes it is very very much |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 9:05am On Oct 07, 2025 |
Infotubia9ja:I will get back to you once I finish the tutorial |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 6:04pm On Oct 12, 2025 |
Infotubia9ja:Boss How did you take last week hit Where you prepared or care as a shock |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 6:34pm On Oct 12, 2025 |
Blizzy300:Actually I am kind of in between it just happened and it took a hit on me and so with other people all I did lost was just $800 only because I had my stop loss at a certain level. But in crypto in the other hand is am making good profit from that because I had a small stach at a corner and as soon as I got the alert at a certain point I bought in. At first finance which I use for my crypto buy and sell wasn't allowing my to buy at the dip so I had to continue over and over and at some point I was able to buy some and as I am speaking to you RN, I am able to make twice and more of what I bought and its all giving all good I will say. |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 7:18pm On Oct 12, 2025 |
Infotubia9ja:I got a liq email first thing in the Saturday morning on Lost $400+ I'm glad you didn't much more hit But how about your IPOs and bonds? . The crypto market is making some positive move but ain't aping till I hear from china Yes crypto is moving |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 7:44pm On Oct 12, 2025 |
Blizzy300:Well I am sure the market will rebound soon. I am on my way to pick up my daughter from practice lets talk more soon pls |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Blizzy300(m): 8:21pm On Oct 12, 2025 |
Infotubia9ja:Okk Later Take care of the little princess |
| Re: Dollar Is Crashing Against The Naira. What's Going On by Infotubia9ja: 9:58pm On Oct 12, 2025 |
Blizzy300:Thanks talk soon |
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