₦airaland Forum

The naira recorded two consecutive appreciations against the United States dollar at the official foreign exchange market on Tuesday.

Data from the Central Bank of Nigeria showed that the naira strengthened further to N1,449.99 against the dollar on Tuesday, up from N1,456.56 traded on Monday.

This represents a gain of N6.67 against the dollar on a day-to-day basis.

DAILY POST reports that the naira has recorded a 14.50-point gain over the past two days, reversing losses recorded last week at the official FX market.

Similarly, in the black market, the naira appreciated by N10 to close at N1,490 against the dollar on Tuesday, compared with N1,500 the previous day.

The development comes as the country’s external reserves rose to $45.23 billion on Monday, up from $45.22 billion.

ppogba:
6 days left for people waiting and hoping for the rate to attain N2000 to a dollar to weep to their grave.

They shall not witness the greatness of Nigeria

ppogba:
6 days left for people waiting and hoping for the rate to attain N2000 to a dollar to weep to their grave.

They shall not witness the greatness of Nigeria

Nteogwuija:
The Naira appreciates during this period yearly because of the inflow of USD from the IJGB guys. No point celebrating and cursing the air.

It's how u guys gloat all over the Internet about improved power supply during the rainy season but run back into your shells when that season is over and we start seeing the real NEPA.

dominique:
https://dailypost.ng/2025/12/23/naira-records-second-straight-appreciation-against-us-dollar/

dominique:
https://dailypost.ng/2025/12/23/naira-records-second-straight-appreciation-against-us-dollar/

dominique:
https://dailypost.ng/2025/12/23/naira-records-second-straight-appreciation-against-us-dollar/

oyeb15:
Most people that were using cooking gas in early 2023 cannot afford charcoal to cook this 2025.

Nearly everybody is using firewood now. Is that development?

Only the children that are still surviving on their working parents or e-rats will come here and praise nonsense.

KEVIND:
Now N1,449.99 from N1,456.56.

Which kain yeye appreciation be this
When i saw appreciation against the dollar, I thought i will see a difference of 100 Naira or more
😳😳

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC), has promised to ensure that the naira would be equal to the dollar in value if voted into office.

NAN reports that Buhari said this on Monday during the south-east presidential rally of the party at Dan Anyiam Stadium, Owerri.

“It is sad that the value of the naira has dropped to more than N230 to one dollar. This does not speak well for the nation’s economy,” he said.

He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

https://www.thecable.ng/ill-make-naira-equal-dollar-says-buhari/amp

ppogba:
6 days left for people waiting and hoping for the rate to attain N2000 to a dollar to weep to their grave.

They shall not witness the greatness of Nigeria

Orlandoo:
To fall yakata the next day. Tinubu has destroyed Nigeria beyond redemption.

ppogba:
6 days left for people waiting and hoping for the rate to attain N2000 to a dollar to weep to their grave.

They shall not witness the greatness of Nigeria

occfx:
Is it dollar that is dropping or naira appreciating. Well I think naira should appreciate because, abokis has been doing round trip over the years with dollars leaving naira to suffer. Dangote is refining crude so the pressure on naira is less.

Imagine if we start providing our own food like Peter Obi suggested. Naira will drop back to 100 naira per dollar.

NLCreator:
Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has defended the purchase of sports utility vehicles (SUVs) for members of the national assembly.

There have been reports that the leadership of the 10th national assembly has bought SUVs for all lawmakers.

Each SUV is said to be valued at N160 million.

The LP had asked members of the party in the national assembly to kick against “wastage”.

While responding to questions during a press conference in Abuja on Monday, the former governor of Anambra said the SUVs are not personal cars of the lawmakers, noting that they are for official use.

“Let me start with the issue of Labour Party members in the house. I have actually discussed this issue with them,” Obi said.

“Surprisingly, I can tell you I heard that these vehicles are official cars. They have to use it. It is meant for office.

“So it is not as if it is their vehicle. They said it is official cars and you are meant to use it while you are in the senate.”

Obi also hinted at contesting for the country’s number one position in 2027, adding that Nigeria deserves dedicated and visionary leaders who will lead the country towards a brighter future.

https://www.thecable.ng/theyre-for-official-use-obi-defends-purchase-of-n160m-suv-for-lawmakers/amp

Journalist: how do you intend to engage members of your party who are members of the house, so that they can stand different.......?

PO: Let me start with the issue of labour party members in the house, have actually discussed this issue with them, surprisingly, I can tell you ,… pic.twitter.com/svybrcY4t3

— Beyond (@chigozie0102) November 7, 2023

;
>>>>

[quote author=bennybuhari post=116246694]“’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.

“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.

“So, Obi is deceiving everybody and I can’t take that back because that is true.

https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/