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Naira Appreciates Against Dollar At Official, Black Markets - Business (2) - Nairaland 2b1055

Naira Appreciates Against Dollar At Official, Black Markets (25626 Views)

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Helpfromabove1(m): 2:01pm On Dec 13, 2024
And the fight continues
Lovenorth: 2:09pm On Dec 13, 2024
zero8zero:

Stale.
the reserves is whose money?
Heffalump(m): 2:11pm On Dec 13, 2024
SeverusSnape:
Waiting for ZOMBIES to come and say "God bless Tinubu".

They're everywhere saying it already. Hopelessness at its peak.
grandstar(m): 2:12pm On Dec 13, 2024
zero8zero:

Stale.

Despite the amounts being spent, the CBN owed a backlog of $7bn to buyers. There was only a net foreign reserve of $3bn.

I'll feel sorry for any government that inherits such a mess.
Mrfeel: 2:12pm On Dec 13, 2024
Does it mean I got cheated by western union, I received dollar at the exchange of 1522 4 days ago through western union , the transfer was done directly to my
Lovenorth: 2:12pm On Dec 13, 2024
MossadAgent:


What you should take away here is that the Naira is appreciating and it isn't down to the CBN defending the Naira artificially but through solid reforms.

If this trend continues, the true value of the Naira will continue to appreciate .

You should have asked how come Naira became so weak after floating it .

And you will find out that it was due to the reckless ways and means extended to the last government and backed only by fiat printing.

If your useless Emefile had done the right thing and upheld fiduciary discipline in defending and managing the currency supply we won't be here.

Emefile and his printing press is why we are here today but in due time, the FX window is being used to mop up excess Naira from circulation which Emefile intended to do with his failed cash heist.

You are blaming APC government of mismanagement and you want us to trust the same APC grin

4 Likes

ClitRaider: 2:19pm On Dec 13, 2024
Who dey revamp resume pls?
dapadawee: 2:22pm On Dec 13, 2024
lexy2014:


You don't need plenty grammar to answer the question.

Just give a figure
Simple answer you can't relate. Thank God tinubu intervened one dollar by.now would be 17000

3 Likes

Shikena(m): 2:23pm On Dec 13, 2024
grin


morgstreme:


You want to confuse that OLODO with information overload?

You are wicked..
BRANDit007(m): 2:24pm On Dec 13, 2024
This bears the similitude of good news.

But my question as always is "is this trend sustainable, or it is just a retracement only for it to continue bearish."

Time will tell.

1 Like

LordBillionz: 2:28pm On Dec 13, 2024
zero8zero:

Stale.

It's now stale because the table have turned. But this were you all in 2015...

Hypocrites...

1 Like

JuanDeDios: 2:29pm On Dec 13, 2024
SeverusSnape:
Waiting for ZOMBIES to come and say "God bless Tinubu".
Well, if the news was the other way round, would some zombies curse Tinubu? So let your opposing group of zombies talk their own naa.

1 Like

Zooposki(f): 2:33pm On Dec 13, 2024
MondayOmoAdugbo:


Well..

Jesus, you can transfer USD to OPay? What is OPAY’s swift number?
LordBillionz: 2:36pm On Dec 13, 2024
MossadAgent:


What you should take away here is that the Naira is appreciating and it isn't down to the CBN defending the Naira artificially but through solid reforms.

If this trend continues, the true value of the Naira will continue to appreciate .

You should have asked how come Naira became so weak after floating it .

And you will find out that it was due to the reckless ways and means extended to the last government and backed only by fiat printing.

If your useless Emefile had done the right thing and upheld fiduciary discipline in defending and managing the currency supply we won't be here.

Emefile and his printing press is why we are here today but in due time, the FX window is being used to mop up excess Naira from circulation which Emefile intended to do with his failed cash heist.


There will always be blame apportioned to the past leaders in every failure of your principal. They can't own up to their errors but will always find a a way to deploy you their attack dogs who claim to 'know it all' to brainwash the gullible with lies and blame.

Your principal opposed the reform you claim he's championing when Jonathan proposed it and here you are praising him for unleashing hunger to Nigerian in the name of reform...

When asked, can you tell how long what you claim is the positive results can last? Is it sustainable? But you have your answer already because its obvious it's a trial. Else you wouldn't say 'if the trends continue'.

Hypocrites...

sulaak(m): 2:47pm On Dec 13, 2024
MossadAgent:


What you should take away here is that the Naira is appreciating and it isn't down to the CBN defending the Naira artificially but through solid reforms.

If this trend continues, the true value of the Naira will continue to appreciate .

You should have asked how come Naira became so weak after floating it .

And you will find out that it was due to the reckless ways and means extended to the last government and backed only by fiat printing.

If your useless Emefile had done the right thing and upheld fiduciary discipline in defending and managing the currency supply we won't be here.

Emefile and his printing press is why we are here today but in due time, the FX window is being used to mop up excess Naira from circulation which Emefile intended to do with his failed cash heist.


Emefile is not the only culprit. Buhari's strategy was to protect Naira using ways and means and external debt. To spend $11.2 billion on protecting the Naira and $12 billion on fuel subsidy is insane.

1 Like

MondayOmoAdugbo(m): 2:48pm On Dec 13, 2024
Zooposki:


Jesus, you can transfer USD to OPay? What is OPAY’s swift number?

💯 ...

Swift number? Idk
Zooposki(f): 2:50pm On Dec 13, 2024
MondayOmoAdugbo:


💯 ...

Swift number? Idk

How did you then transfer USD to OPay?
IamaNigerianGuy(m): 2:50pm On Dec 13, 2024
MossadAgent:


What you should take away here is that the Naira is appreciating and it isn't down to the CBN defending the Naira artificially but through solid reforms.

If this trend continues, the true value of the Naira will continue to appreciate .

You should have asked how come Naira became so weak after floating it .

And you will find out that it was due to the reckless ways and means extended to the last government and backed only by fiat printing.

If your useless Emefile had done the right thing and upheld fiduciary discipline in defending and managing the currency supply we won't be here.

Emefile and his printing press is why we are here today but in due time, the FX window is being used to mop up excess Naira from circulation which Emefile intended to do with his failed cash heist.


Sorry but Emefiele was Buharis errand boy, and Tinubu was Buhari's facilitator. You will not be allowed to absolve yourselves of complicity here. APC has destroyed Nigeria.

1 Like

Tinubu2027Agend: 2:52pm On Dec 13, 2024
PlasmaTV:

I asked a simple question, chief
How much was naira to dollar when Tinubu was sworn in?

morgstreme:


You didn't ask a simple question..

You asked a STUPID question..

As usual......

You know STUPID question is the hallmark of obi.dients and to them STUPID questions are always simple grin grin grin

Like asking:
If PlasmaTV is a human being grin grin grin grin

1 Like

MondayOmoAdugbo(m): 2:53pm On Dec 13, 2024
Zooposki:


How did you then transfer USD to OPay?


nnumber na,.. you want to send me USD? 👀
Titogbanski: 2:54pm On Dec 13, 2024
To imagine that we almost brought down the country under Jonathan for N150 to one Dollar
MossadAgent: 3:00pm On Dec 13, 2024
IamaNigerianGuy:


Sorry but Emefiele was Buharis errand boy, and Tinubu was Buhari's facilitator. You will not be allowed to absolve yourselves of complicity here. APC has destroyed Nigeria.

Someone who ohaneze described his rightful arrest and arraignment to court as "anti Ibo"?

Go and rest.

1 Like

richeeyo(m): 3:06pm On Dec 13, 2024
MrJames007:
Mtcheeeeeeewwwwww thought I was going to see at most 1200
Yea, but e dey road

1 Like

dammiedot(m): 3:06pm On Dec 13, 2024
MossadAgent:


What you should take away here is that the Naira is appreciating and it isn't down to the CBN defending the Naira artificially but through solid reforms.

If this trend continues, the true value of the Naira will continue to appreciate .

You should have asked how come Naira became so weak after floating it .

And you will find out that it was due to the reckless ways and means extended to the last government and backed only by fiat printing.

If your useless Emefile had done the right thing and upheld fiduciary discipline in defending and managing the currency supply we won't be here.

Emefile and his printing press is why we are here today but in due time, the FX window is being used to mop up excess Naira from circulation which Emefile intended to do with his failed cash heist.

Don't stress yourself tying to explain, "understanding" is not for everyone.

1 Like

nasbiafra(m): 3:13pm On Dec 13, 2024
Why do i wish for dollars to be 2500 naira,imagine say 100k dolls come lap as a dollar na 2500 almost 250 metre
werisetogether(m): 3:13pm On Dec 13, 2024
PlasmaTV:
This is NOT appreciation. It is insanity.

LOL
ArcSEMPECJ(m): 3:25pm On Dec 13, 2024
nomadreporter:

How much was Naira value before Tinubu

All these TINUBU online defenders.....lols

Does Naira have value as we speak now

What is the value of #1000 in the market as of today

In the international market, Nigerian 's #1000 is equal to 60cent not even up to a dollar...

Can you just answer the man before thunder will locate you all in that small room you are defending Tinubu from...

2 Likes

Zackattack: 3:26pm On Dec 13, 2024
MossadAgent:


And were you getting access to FX when it was artificially pegged for political reasons?

This is the first time in the history of the Naira that it is being treated as a convertible currency and in the wake of excess fiat, it's doing remarkably well.


The key points to take note of here is that the old multilayered and opaque FX windows only benefited rent seekers .
U go explain tire.
How much be dollar wen Tinubu met it?
dettolgel: 3:27pm On Dec 13, 2024
MossadAgent:


What you should take away here is that the Naira is appreciating and it isn't down to the CBN defending the Naira artificially but through solid reforms.

If this trend continues, the true value of the Naira will continue to appreciate .

You should have asked how come Naira became so weak after floating it .

And you will find out that it was due to the reckless ways and means extended to the last government and backed only by fiat printing.

If your useless Emefile had done the right thing and upheld fiduciary discipline in defending and managing the currency supply we won't be here.

Emefile and his printing press is why we are here today but in due time, the FX window is being used to mop up excess Naira from circulation which Emefile intended to do with his failed cash heist.


One there is a lot of dishonesty in your bones.

He asked a simple question which you and I already knew where he is heading.

I would give him the value without saying any more words.

If he is enlightened enough to put flesh on it, then I would respond accordingly.

Jumping the first stage is an indication of you being dishonest and trying to distort an honest line of communication.

Even in your distortion you never gave the value he asked for.

What happens to an honest conversation or are we going to sacrifice everything at the alter of politics?

For those cheering you it is obvious that they are oblivion of the damage the likes of you are causing around the globe with your propaganda. What is even more appalling is that some of you are not even aware of the danger inherent in your actions.


The worst thing that can happen to any society is when the oppressed see the oppressors in themselves and become a willing tool of the oppressors.
tpain121: 3:30pm On Dec 13, 2024
MossadAgent:


What you should take away here is that the Naira is appreciating and it isn't down to the CBN defending the Naira artificially but through solid reforms.

If this trend continues, the true value of the Naira will continue to appreciate .

You should have asked how come Naira became so weak after floating it .

And you will find out that it was due to the reckless ways and means extended to the last government and backed only by fiat printing.

If your useless Emefile had done the right thing and upheld fiduciary discipline in defending and managing the currency supply we won't be here.

Emefile and his printing press is why we are here today but in due time, the FX window is being used to mop up excess Naira from circulation which Emefile intended to do with his failed cash heist.

Idiot . Which dirty reform?

Reform wey na only Una Dey see?
Reform is the new word in the Ronuku dictionary.

Una Dey mad.
StoryHaven: 3:32pm On Dec 13, 2024
PlasmaTV:
This is NOT appreciation. It is insanity.
I am not a er of Tinubu tjough Im Yoruba but when I see news like this I give whatever strategy he is using kudos.
Let us appreciate the little progress and be sincere in our criticism. God loves a honest heart.

1 Like

okito: 3:42pm On Dec 13, 2024
This is a temporary situation. As long as we remain a consuming economy without doing much to earn FX and reduce importation, Naira will continue to be a poor performing currency.

1 Like

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