Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ - Business (2)

Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ (42203 Views)

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Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by kennyman2000(m): 7:31am On Feb 24, 2016

Hmmmm

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by iambabaG: 7:32am On Feb 24, 2016

Typing..

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by lonelydora: 7:32am On Feb 24, 2016

Slowly but surely we will get there.

1 Like

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Tpave(m): 7:35am On Feb 24, 2016

The fear of Ifeanyi Uba is the beginning of wisdom grin

3 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by blackpanda: 7:36am On Feb 24, 2016

Shame will not allow wailers visit this thread. Whenever there is improvement in Nigeria, they tend to be greatly frustrated! grin

9 Likes 1 Share

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Nobody: 7:38am On Feb 24, 2016

GudluckIBB:
Everyone knows it was an artificial scarcity.

Its like your pretending to be dumb
Are you telling me the wailers also knew this and pretended to be angry too?

Please...

7 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by eseoghene144: 7:38am On Feb 24, 2016

HungerBAD:
Sai Buhari.

Where are those that called Buhari a Dullard?

Where are those that insulted the Minister of Finance?

Where are the Doom Prophets?

When we said this artificial scarcity of Dollars, was orchestrated by the last standing soldiers of the Clueless one, we were called names. It's alright, Nigeria is getting there now.Tell them Jare

Buhari 5- Boko Haram 0

Buhari 5- Corruption 0

Buhari 5- Artificial scarcity 0

Buhari 5- MTN 0

Buhari 5- The Economy IMPROVING.

Changeeeeee.

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Realdeals(m): 7:38am On Feb 24, 2016

I believe this spike is just for a while, if dollars supply to the market do not improve, the rate will still go up....

3 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by MissingBudget: 7:39am On Feb 24, 2016

$1=#1 is a possibility...it begins with you! grin

3 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by hakinze00(m): 7:40am On Feb 24, 2016

acunon:
This is jst bullshit, business is still not stable

haters spotted

4 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Booty4me: 7:41am On Feb 24, 2016

Rubbish . when everything for market don increase

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Koleman(m): 7:42am On Feb 24, 2016

RichYoungNigga:
Analysis from uneducated people.
So, because naira gained 60 naira, you have the courage to dance around ??

The oil sale is only source of Nigeria income, what happens when the top dogs like Saudi Arabia and Iran floods the market with excessive oil ?? and they also sells way cheaper.

This your jubilation will turn to sorrow soon.
Let's watch and see.
Next month, $1 will exchange for 500 naira.

abeg no miss Ur chance to buy rope this year

23 Likes 1 Share

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by erico2k2(m): 7:42am On Feb 24, 2016*

It's Ironic that loads of us here are so used to suffering that we think it's normal.the £ lost grounds to the $yesterday cos of shift in the EU and speculation about the UK leaving the EU thus the buying power of forex with £from the US mkt has slowed/weakened .it will Continue to depreciate untill after the vote to stay or leave the EU.
So U guys seriously think your president did some magic ahahaha.Name the magic then.

2 Likes 1 Share

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by piagetskinner(m): 7:43am On Feb 24, 2016

Wake me when it's 199

1 Like

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Nicur: 7:43am On Feb 24, 2016

He however urged the fiscal authorities to introduce policies that would help stimulate economic activities, saying that the fundamentals of the economy were still weak. as simple as ABC!! Oya ZOMBIES tell me your government's economic plan or policies??

1 Like

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by RichYoungNigga: 7:44am On Feb 24, 2016

Koleman:
abeg no miss Ur chance to buy rope this year

Sorry.
I have never seen ropes in the country i live in.

1 Like

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by udemzyudex(m): 7:44am On Feb 24, 2016

i'm happy with the recent development,my fear is that,how long will it last?

what are the measures put it place to make sure that the dollars doesn't appreciate again ?
waiting till a dollar is =#1 ,though if it get back to the CBN official rate i'll be happy...

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Misterdhee1(m): 7:44am On Feb 24, 2016

RichYoungNigga:
Analysis from uneducated people.
So, because naira gained 60 naira, you have the courage to dance around ??

The oil sale is only source of Nigeria income, what happens when the top dogs like Saudi Arabia and Iran floods the market with excessive oil ?? and they also sells way cheaper.

This your jubilation will turn to sorrow soon.
Let's watch and see.
Next month, $1 will exchange for 500 naira.

Mr Pessimist, why display ur sadness on a public forum? Na your face, the Naira will bounce back to normalcy, by the Grace of God, in due time.

7 Likes 1 Share

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by okeyscrib(m): 7:45am On Feb 24, 2016

All you APC Supporters are talking thrash. This is someone that promised N1 = $1.

Naira is still N310 and you lot are praising him. Has he really done anything? rather than trying to salvage the issue his administration caused in the first place.

1 Like

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by fineguy11(m): 7:45am On Feb 24, 2016

RichYoungNigga:
Analysis from uneducated people.
So, because naira gained 60 naira, you have the courage to dance around ??

The oil sale is only source of Nigeria income, what happens when the top dogs like Saudi Arabia and Iran floods the market with excessive oil ?? and they also sells way cheaper.

This your jubilation will turn to sorrow soon.
Let's watch and see.
Next month, $1 will exchange for 500 naira.

f.ool..Saudi and iran and russia has agreed on the need for oil supply cuts,Oil price cant sink futher than it is presently..

6 Likes 1 Share

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Adesiji77: 7:45am On Feb 24, 2016

Ping pong

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Koleman(m): 7:46am On Feb 24, 2016

erico2k2:
It's Ironic that loads of us here are so used to suffering that we think it's normal.the £ lost grounds to the $yesterday cos of shift in the EU and specular about the UK leaving the EU thus the buying power of forex with £from the US mkt has slowed/weakened .it wil Contin to depreciate untill after the vote to stay or leave the EU.
So U guys seriously think your president did some magic ahahaha.Name the magic then.

which one una dey? some said ifeanyi uba and some say the influx of dollars from fellow west African countries who wanted to take advantage, you come d carry EU come. see Ur sense

5 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by RichYoungNigga: 7:46am On Feb 24, 2016

Misterdhee1:
Mr Pessimist, why display ur sadness on a public forum? Na your face, the Naira will bounce back to normalcy, by the Grace of God, in due time.

Sorry.
God don't control the fall or rise of currencies.

1 Like

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Nobody: 7:46am On Feb 24, 2016

PentiumPro:

You are obviously one of the unpatriotic speculators trying to make gain without adding value to the economy.

Sorry he's very confused.

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by WOCKHARDI(m): 7:46am On Feb 24, 2016

The excitement is premature. The Naira strengthens not stabilizes. Let's see what happens in the coming weeks. We don't have light in my area for three weeks running and yet they brought their crazy bill.
Really annoying. Some people are feeding fat on others in this country - and these are the people that always hail this administration.

2 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Koleman(m): 7:47am On Feb 24, 2016

RichYoungNigga:
Sorry.
I have never seen ropes in the country i live in.

am glad u understood wat I meant by rope

3 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by piagetskinner(m): 7:48am On Feb 24, 2016

RichYoungNigga:
Analysis from uneducated people.
So, because naira gained 60 naira, you have the courage to dance around ??

The oil sale is only source of Nigeria income, what happens when the top dogs like Saudi Arabia and Iran floods the market with excessive oil ?? and they also sells way cheaper.

This your jubilation will turn to sorrow soon.
Let's watch and see.
Next month, $1 will exchange for 500 naira.

You are part of the people sabotaging the economy... If the naira gains against the dollar, is it not to the good of everyone #or you're happy that the price of goods and services have skyrocketed in the past week. Dude Nigeria will be great again

4 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by Koleman(m): 7:48am On Feb 24, 2016

okeyscrib:
All you APC Supporters are talking thrash. This is someone that promised N1 = $1.

Naira is still N310 and you lot are praising him. Has he really done anything? rather than trying to salvage the issue his administration caused in the first place.

abeg no miss Ur chance to buy rope this year

5 Likes

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by onatisi(m): 7:48am On Feb 24, 2016

RichYoungNigga:
Analysis from uneducated people.
So, because naira gained 60 naira, you have the courage to dance around ??

The oil sale is only source of Nigeria income, what happens when the top dogs like Saudi Arabia and Iran floods the market with excessive oil ?? and they also sells way cheaper.

This your jubilation will turn to sorrow soon.
Let's watch and see.
Next month, $1 will exchange for 500 naira.

What many don't realize is that the gain in naira is due to mainly 2 reasons,one is that the demand for dollars has fallen which means many importers are no longer importing and they are just waiting for government policies,secondly many businesses and traders have left the nation and relocated to other neighboring countries to transact their businesses from there. After sometime ,the demand will still rise again and so will the rates .

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by chimax1(m): 7:48am On Feb 24, 2016

So Dr. Ifeanyi Ubah was right after all..

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by azzima(m): 7:48am On Feb 24, 2016

Biafrans are about to have heart attacks from this news. When you have a group of people that is FIERCELY ANTI-NIGERIA, then we have our enemy number #1, their aim is for Nigeria to fall so they can have a laugh.........people must beware of these folks and their noise, there is an ulterior motive and not because they love our country Nigeria.

6 Likes 2 Shares

Re: Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ by RichYoungNigga: 7:49am On Feb 24, 2016

fineguy11:
f.ool..Saudi and iran and russia has agreed on the need for oil supply cuts,Oil price cant sink futher than it is presently..

Kid.
You were there when they agreed to cut oil supplies ??
How foolish are you ??

Iran just came back from sanction and they are in serious need of money, they want to be calling the shots in oil sales.

Go gets some education

1 Like

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