₦airaland Forum

Naira was 460 on official rate before May 29. Now its 750 and naira is doing well? Are you a comedian? Petrol prices is going up once the present stock is exhausted. Because the new rate will be used to make the purchase. Better gear up for tough times

3.9??

jabex:
220

Now you are talking

How much be cbn rate of dollar abeg

CodeTemplar:
This is the post that made me assume strengthening of the naira.

https://www.nairaland.com/post/123927165

There will always be a parallel market that's above the CBN recognized rate because every one isn't getting their dollars from free crude oil money. Private individuals will always claim they getting theirs above collapsed rate as long every lone cannot get it from CBN directly. The only thingmis the difference will not be as much as before.

That's what they have been doing my brother. Twisting headlines

Flets:
Nigerians are still consuming PMS bought at official rate of 460 Naira per dollar and complaining. Wait until PMS purchased with a devalued Naira of 760naira/USD hits the market.

Even if licenses are issued to 100 importers, Nigerians will buy PMS at 800naira+/ liter before end of august 2023. The global benchmark of gasoline prices (without subsidies) are already established.
https://www.globalpetrolprices.com/gasoline_prices/

And lest we forget
1. 7.5% VAT on diesel
2. Fuel subsidy removed
3. Electricity tariff hiked
4. University tuition increased to 400K+
5. Naira devalued
6. Same old politicians lined up to continue the looting
7. FG Votes ₦24 Billion For 10th NASS Members’ Accommodation


The Nigerian masses are in an impossible situation. There is a game by Tinubu to ensure the poor masses subsidize the political class.
The average lagosian earning 100K can only afford to eat if his work place is close to his residence ....... the situation is not mathematically and practically feasible.

No mind them

CodeTemplar:
Naira strengthens and an imported product goes up in price. How is that possible?

You have not been reading. How did naira strengthen? Naira is now 752 to a dollar at cbn official rate. Parallel market price is now over 800 naira. Compare cbn rate of 752 to former cbn rate of 450 and tell me how the naira strengthen

jmoore:
4.3% is not something to worry about.
So save your crying energy for the big one that will hit by July or August.
By the time they import petrol with dollars bought at 750 naira, una go hear am.

You are one of the select few seeing things the way they are. Others just dey deceive themselves

Essenza01:
Is this appreciation or depreciation?

You floated Naira at 640 six days ago... it went to 770 today, returned to 750 a few hours ago.. so we are supposed to roll out the drums of celebration?

Some people no get sense na

Ofunaofu:
Price of diesel crashed..... from what to what per litre

Help me ask am abeg

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

We don't give Ghana and other countries electricity but natural gas which they use in electricity generation

Still available?

Herkim:
Hello this is where we sell our cars not a mechanic workshop .

Once we start this car for you will never hear any noise . The engine is 4 plug engine which is cool and calm . I mean noiseless engine

Buy this car , you are adding values and prestige to life.

Nice response. Is it auto? Or manual and what other cars do you have for sale

110naira pee scm for cng. Nipco gas Ltd opposite prayer city ibafo. You can also convert your vehicle to run on cng there. Thank me later

Herkim:
The owner needs funds for Project

motor wey dem Park for mechanic shop. I'm sure say mechanic don tire. Run o

Snitch24:
It will come down

It needs to o. Make hardship no come join hardship

Snitch24:
There's a clause of 20% higher
Ooh
It will take months
We're too corrupt to let these things work

it's now 664 at bank rate meaning prices of things will go up. Even petrol will be imported at 664

This is the current exchange rate on payday app. Oya add yours let's see how well the policy is working.

About two days ago, headlines stating naira has become recovery and is now selling at 664 in I&E window hit the Internet and newspapers. Many hailed the president for his policies yielding fast positive results. Little did Nigerians understand what it meant was that the official bank rate for Naira is now 664naira to a dollar. Meaning you can't get naira less than 664 even for BTA or PTA from the bank at official rate. And as an international student. Your official rate for getting dollars to pay your school fees is now 664. I stand to be corrected. If you have gotten dollar either at parallel market or official bank rate please. Let us know the rates.

double3:
CNG is compressed at high pressure, true and valid but equipment using CNG don't necessarily need to operate at high pressure hence the use of a pressure regulator at the cylinder.

the equipment using cng must be fitted with a pressure regulator to reduce the sng pressure to a pressure required by the equipment. Most times the regulator needs to have hot water inlet and outlet jacks.
You can contact me to convert your vehicles to cng its just 110 per scm. Full tank 16scm takes 200km

Dotherightthing:
Great!

Where are the naysayers

You don't understand English. Previously at I and e window it was 440 now its 664

Chief gazzuzz do you know the meaning of CNG. This carburetor will work for lpg but not for cnh. Because cng operates at a very high pressure

Congratulations 🎊

My parents told me i had this when I was around the same age. It will clear off.

9jatriot:
wow wow... just wow.
This changes the context entirely.

The previous news was really worrying. But some folks have already gone away with that message, this one will probably not spread as fast and as wide as the other.

When only Muslim Muslim rule that's when we can achieve peace in this country, what does it mean?

God bless your business

They called it a hybrid. So it didn't run on only electrics for 1900+ km it obvious that's the full range gasoline plus electric

Wagwanbrethren:
I'm not an Amadioha worshipper!

You are just that u don't know it yet

Throttle body. Try to do a throttle body rest and relearn

Keyamo na now you dey talk after you don chop salaries, incentives and allowances for 8 years

PaNnamdi:
U are crazy.if u have nothing to contribute pls you could have kept quiet.me and u nor dey the same category offline.I don't tolerate idiots with nothing to show for life to come and ruin this thread be warned

Mr Donald trump ass licker

You dey find advice but you have itchy fingers and bad manners to hurl insults at people. One question I just want to ask is who in your lineage can be compared to Donald Trump? Why una dey like inherit other people enemies.na wa