Naira Hits Record Low Of N1960 /EUR1 At The Black Market - Business (3)

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Naira Hits Record Low Of N1960 /EUR1 At The Black Market - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Hits Record Low Of N1960 /EUR1 At The Black Market (12342 Views)

Naira Falls To Record Low Of N1,515 /$1 At The Black Market / Naira Hits Record Low Of N1,348.63 /$1 At The Official Market / Naira Hits All-Time Low Of ₦1,152/$1 In Black Market (2) (3) (4)

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Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by nike4love: 2:32pm On Feb 22

AqualinaXYZ:
When people been dey panick yesterday dey sell their dollars and coins I just dey laugh

Some even sold their coins as low as N1400 per dollar

K

Deep down I wasn’t worried because I trusted Tinubu’s dumbness and foolishness never to have a solution

Bet me dollar is hitting 2500 before end of February

If you like go Mumu sell your bitcoin and dollar thinking Tinubu has a solution

Are u saying dollar go first us reach 2025?
Lol

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by spiSeyi: 2:48pm On Feb 22

AqualinaXYZ:
When people been dey panick yesterday dey sell their dollars and coins I just dey laugh

Some even sold their coins as low as N1400 per dollar

Deep down I wasn’t worried because I trusted Tinubu’s dumbness and foolishness never to have a solution

Bet me dollar is hitting 2500 before end of February

If you like go Mumu sell your bitcoin and dollar thinking Tinubu has a solution

The bitter truth is that you will end up biting your finger in regrets, it's evident that the Naira is coming back to the range of 8,00-1,000 because the FG is about pomping 10 B USD to the FX market for more liquidity which will trigger panic selling because there would be more USD and simple economics have it that the more the liquidity the less the buy pressure and the cheaper the price. Did you know that the price of crude is relative to Naira (when crude rise Naira drops and when crude drops Naira gains ) crude was on the bullish run since the beginning of the year and due to seasonal factors the price of crude drops around match - April and crude has started its bearish run from 83 going towards 80 as we speak. And as for the BTC you are holding BTC is likely to fall around June. Build your castle in the air with a firm foundation cool

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Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by Primusinterpares(m): 2:56pm On Feb 22

Jflex07:
What does it mean?

like 1960 naira to a dollar record low

??

Abi na another independence exchange be this?

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by coneh3ad: 3:12pm On Feb 22

chopnaira:
No wonder my pepper seller at Zaria was asking for payment in Euros

Thread is not meant for pepper dealers grin

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by Emman08: 3:17pm On Feb 22

You mean all their fire on the mountain tactics mixed with trial by error isn't working?

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by Greenfusion: 3:39pm On Feb 22

AqualinaXYZ:
When people been dey panick yesterday dey sell their dollars and coins I just dey laugh

Some even sold their coins as low as N1400 per dollar

Deep down I wasn’t worried because I trusted Tinubu’s dumbness and foolishness never to have a solution

Bet me dollar is hitting 2500 before end of February

If you like go Mumu sell your bitcoin and dollar thinking Tinubu has a solution

"Deep down I wasn’t worried because I trusted Tinubu’s dumbness and foolishness never to have a solution
"
See word, chaiiii

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by Greenfusion: 3:39pm On Feb 22

Tinubu naira dey break GWR daily....

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by 4getluv: 3:59pm On Feb 22

AqualinaXYZ:
When people been dey panick yesterday dey sell their dollars and coins I just dey laugh

Some even sold their coins as low as N1400
per dollar

I never admire this present administration....but this very words of urs, u go swallow am at last. Mark am

Deep down I wasn’t worried because I trusted Tinubu’s dumbness and foolishness never to have a solution

Bet me dollar is hitting 2500 before end of February

If you like go Mumu sell your bitcoin and dollar thinking Tinubu has a solution

1 Like

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by Amount(m): 4:27pm On Feb 22

References1:

https://nairametrics.com/2024/02/22/breaking-naira-hits-record-low-of-n1960-eur1-at-the-black-market/?fbclid=IwAR1Gse9WbEfwhT_9z2qaYMPcOjdTShK_adyJGvhUjudkR-UC7jGRKOHC3gI

una president dey print new money while mopping all the dollar in our country all to himself and dis is affecting our naira daily.. Now you know wetin you fit do?

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by civilserva: 4:45pm On Feb 22

israelmao:
This is really incredible!Where is APC's campaign promise of #1 to $1?Buhari took his exit leaving Nigeria worse than he met it.Tinubu is more than ready for 2027 presidential election because his dollar savings when converted to Naira as well as stolen funds from public coffer is more than enough for campaign.The only thing that can stop Tinubu's second term is Nigerians' solidarity against age-long slavery and oppressions.

Nobody can stop Tinubu second term except God says no to second term. Tinubu must complete second term and probably go for third term. Anything short of that is not acceptable.

1 Like

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by jhubril(m): 5:04pm On Feb 22

Oloriburuku people. I think say na Binance cause the free fall of the Naira. Mtvheew.

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by lagdmark(m): 5:11pm On Feb 22

If Tinubu can lead by example, he can ofload just 20% of his dollar reserve, and ask all his fellow politicians to do the same, then naira will appreciate to 1000# to dollars immediately

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by Konquest: 5:31pm On Feb 22

References1:

https://nairametrics.com/2024/02/22/breaking-naira-hits-record-low-of-n1960-eur1-at-the-black-market/?fbclid=IwAR1Gse9WbEfwhT_9z2qaYMPcOjdTShK_adyJGvhUjudkR-UC7jGRKOHC3gI

What you should know

Nairametrics reported that it has been a tumultuous twenty-four hours on the renowned cryptocurrency platform, Binance, after the exchange rate between the naira and the popular stablecoin, Tether (USDT), plummeted to approximately N1900/USDT before subsequently rising to N1354.3.

However, by 7 am on Thursday, February 22, the naira was trading between N1680-N1710/$1 USDT.

This situation arises amid several reports of a crackdown on cryptocurrency trading, which some authorities view as a significant contributing factor to the rapid depreciation of the naira.

Tether (USDT) is a stablecoin used as a medium of exchange for cryptocurrency traders looking to trade their local currency against the dollar. One USDT is equivalent to $1.

This dramatic drop and subsequent recovery underscore the volatile nature of cryptocurrency markets, especially in the context of Nigeria’s current economic climate.

The exact cause of the wild volatility experienced in the last 24 hours remains unclear, even as some attribute it to a broader crackdown on cryptocurrency trading by certain authorities, who argue that such activities have been contributing to the rapid devaluation of the naira.

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Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by quickly: 6:08pm On Feb 22

That’s the problem with Nigeria government sent one rate . BDC and banks about of greed increase the rate.

If government say na 300 BDC will raise it to 700.

How country wan good.

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by PARADIZEPRIEST: 6:49pm On Feb 22

Useless thread from dollar ranting to euro
Enemies of the state,unuseful propagandist.

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by adeleke691: 9:19pm On Feb 22

Tinubu abeg buy rope make we tie this dollar na Where e dey run go? Govt of trial and error, patch patch govt!Tinubu abeg buy rope make we tie this dollar na Where e dey run go? Govt of trial and error, patch patch govt!...

Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by robbase: 4:07am On Feb 23

Tinubu has no solution. It will be N3000 to a dollar by end of march. Nigeria how market? grin

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