Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs - Business (5)

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Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs (25678 Views)

CBN formalises dollar sales to BDCs as naira improves / Naira Falls To N1, 000/$ In Official Market / Naira Falls To 760/$, Ahead Of Inauguration (2) (3) (4)

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Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by 7lives: 3:58pm On Apr 16

Paramount01:

Pls where you base, I always wonder how people says they have not been seeing the impact of the dollar fall, I bought a bag of rice in my area last week Friday at #65000 against #79000. The same with groundnut oil and other things they have started coming down

May God help you if you're planning to sell and you have it in quantities.
Rice was sold for #40k in Shaki area of Oyo state this morning.
And this could be an imported rice as Shaki is a boarder town.
Price of rice is seriously crashing, people are posting funny prices from different locations.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by samomoli: 3:59pm On Apr 16

The way am looking at things now it seems some people are already pegging dollars at 1000 k . For me 400 or better still back to 200 before the took power. Chikena

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Quelme: 4:03pm On Apr 16

Saintinoo:

If I am made the CBN governor today, and I want the naira to exchange at 500 naira to a dollar, I will comfortably do that.

Just do what he did, get more dollar, sell to BDCs and mandate them to sell at a price, that's all. Its called FIXED exchange rate régime.

Thank God your are not the CBN governor with this your Alaba analogy.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by iamtoofan: 4:04pm On Apr 16

LegendHero:
Omo when I sent money to my guy 2 days ago, my body do me one kind thing like I’ve been scammed. Imagine $$ wey you go send $100 give people wey them go praise you coz like 170k go biza, now that same $100 na just normal 100k.

Naira at almost N1097, today trading almost closer to N1000.

Cardoso should just make sure it never go above 1k ever again. They should deploy every strategy and make sure it get to a certain amount and stabilize.

God bless Nigeria.

I presume you are abroad, which ever rate the dollar is in Nigeria how is it a scam to you, infact people in diaspora are the "scam" ... lil change you make there you come home or send and start feeling like odogwu, $100 to 170k is ridiculous

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by MetalJigsaw(m): 4:06pm On Apr 16

porthouse7:
Ipob won't be happy, obidense won't be happy

I am an obedient but I'm happy.

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by RealEstateIdeas: 4:13pm On Apr 16

Hopefully, the success can be sustained.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by LegendHero(m): 4:17pm On Apr 16

iamtoofan:

I presume you are abroad, which ever rate the dollar is in Nigeria how is it a scam to you, infact people in diaspora are the "scam" ... lil change you make there you come home or send and start feeling like odogwu, $100 to 170k is ridiculous

I am not angry the naira rate is low, infact I am delighted.

But why I said what I said is just a natural instinct to price change.

There are some people you put on a monthly payment in Nigeria. So let’s say normally, you send 200k to someone monthly.

—If $ exchange to naira at N1700, you only get to send $117 to the person.
—If $ exchange to naira at N1000, you will need to send $200 to the person.

Now imagine you send money to 5 different people monthly, wouldn’t that mean something to you? You can’t decrease the money you send because prices in Nigeria still remain same.

That was why I jokingly said it felt like a scam. Not that I’m complaining. Infact I love it and have always prayed for dollar to fall.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by drimzsmoke(m): 4:18pm On Apr 16

LegendHero:
Omo when I sent money to my guy 2 days ago, my body do me one kind thing like I’ve been scammed. Imagine $$ wey you go send $100 give people wey them go praise you coz like 170k go biza, now that same $100 na just normal 100k.

Naira at almost N1097, today trading almost closer to N1000.

Cardoso should just make sure it never go above 1k ever again. They should deploy every strategy and make sure it get to a certain amount and stabilize.

God bless Nigeria.

When a dollar was 1,900 naira, how did your body do you

🥱🥱🥱🥱🥱🥱🥱

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by LegendHero(m): 4:22pm On Apr 16

drimzsmoke:

When a dollar was 1,900 naira, how did your body do you🥱🥱🥱🥱🥱🥱🥱

I have mental stress too. Mostly sad about it.

People who knew I support the government won’t let me rest with you see the dollar now, you see the rate now.

Now, I don get peace as na them Dey praise Cardoso now.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by CrossRhodes: 4:25pm On Apr 16

helinues:
Yeepsy

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by CrossRhodes: 4:26pm On Apr 16

RealEstateIdeas:
Hopefully, the success can be sustained.

Time will tell

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by commoditiesnig: 4:28pm On Apr 16

Goodnews

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Ashawoman82: 4:29pm On Apr 16

Treasure17:
At least the Tinubus will have something to beat their chest on.

are u fore real? Something he met at 700 back market rate.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by pquaver(m): 4:35pm On Apr 16

Paramount01:

You be igbo?

Full blooded.. E jirighi igbo akoro ya onye ocha.. It must no please everyone..

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by PotatoSalad(m): 4:37pm On Apr 16

Haaland21:

You have refused to learn, and looking at you, you have a closed mind. You lack simple economic knowledge.

Less stress on the naira unlike before. We produce more oil now.

Dangote is giving us aviation fuel and diesel.
More inflow due to our stock exchange. Our stock exchange based on ASI is the best in the world.
No more manipulations from BDC and Binance again

No need educating you.

Lmao you're denser than shot put orb.
No need educating you cos I'll be wasting my time
We'll revisit this in few months

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by drimzsmoke(m): 4:40pm On Apr 16

LegendHero:

I have mental stress too. Mostly sad about it.

People who knew I support the government won’t let me rest with you see the dollar now, you see the rate now.

Now, I don get peace as na them Dey praise Cardoso now.

Ohhhh, now I get you. Nigeria will be great again under this present administration and subsequent ones, amen. God bless Naija!!!

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by alphaNomega: 4:40pm On Apr 16

Tjra:
I learnt of one slowpoke that got N10M loan to buy dollars when it was N1,860.

Enemies of Nigeria will forever continue to lose.

I am sure many of them are reading this comment.

Dollar is heading to 2500 if you don't know. criminals are running this economy

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by alphaNomega: 4:41pm On Apr 16

2shure:
Still prices of goods and services refused to drop.

because the rates are fake

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Honestey: 4:49pm On Apr 16

When we reached N200/$ wake me up

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by MasterTeeUSA: 4:53pm On Apr 16

temporary...do you realize Dangote Diesel has hit the market...next Jet Fuel and neighboring countries are already lining up to buy so they won't fuel in Europe. Keep thinking its temporary o

socialmediaman:
Keep defending the naira and giving poor Nigerians hope while the rich keep buying up dollar knowing it's just a temporary measure and USD will rise again

The same circle of cluelessness all over again

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by LegendHero(m): 4:57pm On Apr 16

drimzsmoke:

Ohhhh, now I get you. Nigeria will be great again under this present administration and subsequent ones, amen. God bless Naija!!!

Amen. God bless you too.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Paramount01(m): 5:00pm On Apr 16

pquaver:

Full blooded.. E jirighi igbo akoro ya onye ocha.. It must no please everyone..

But you must be card carrier A. P. C member or a Muslim for you too support Tinubu against your brother

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Saintinoo(m): 5:03pm On Apr 16

Quelme:
Thank God your are not the CBN governor with this your Alaba analogy.

I am telling you what your "Alaba" CBN governor did to bring the dollar rate down. Most of you ignorantly support this government policy without knowing shit about what they do.

What do you think it mean to fix a country currency?

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Quelme: 5:06pm On Apr 16

Saintinoo:

I am telling you what your "Alaba" CBN governor did to bring the dollar rate down. Most of you ignorantly support this government policy without knowing shit about what they do.

What do you think it mean to fix a country currency?

They can never satisfy all these Upper Iweka people. Una wahala tie wrapper wear gele.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by MetalJigsaw(m): 5:19pm On Apr 16

Paramount01:

Pls where you base, I always wonder how people says they have not been seeing the impact of the dollar fall, I bought a bag of rice in my area last week Friday at #65000 against #79000. The same with groundnut oil and other things they have started coming down

He's right bro. Even here in Oshodi the prices even keep going higher. I think the retailers are the problem.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by pacificom: 5:20pm On Apr 16

michaellovaldo:
Let's go!

N500 before the end of May is actually feasible now

I need to get a MacBook M1 air to boost my Graphic design brand

Come and buy from me. I am an importer of MacBook from USA.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Treasure17(m): 5:26pm On Apr 16

Ashawoman82:
are u fore real? Something he met at 700 back market rate.

Doesn't matter to them.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by michaellovaldo(m): 5:41pm On Apr 16

pacificom:

Come and buy from me. I am an importer of MacBook from USA.

No problem but that is when N500 per $1 reflects on the market price cheesy

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by misreal(m): 5:43pm On Apr 16

Abbeytoy:
[/code]

We're growing Nigeria and must buy Nigerian. So I am Buying from NTA

Abeg how much NTA dey sell? grin

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by pacificom: 5:44pm On Apr 16

michaellovaldo:

No problem but that is when N500 per $1 reflects on the market price

A woof dey run belle.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by shortgun(m): 5:54pm On Apr 16

ppogba:

But, it was not propaganda when it got to N1900?

When the naira was N1900 the prices of goods skyrocketed according.
Now that the naira is less than N1000 why are the prices of goods still high? The only way people will feel the impact of naira gaining against the dollar is in the prices of essential commodities. Why is this not happening?

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by michaellovaldo(m): 5:57pm On Apr 16

pacificom:

A woof dey run belle.

There was a time that PC was being sold for around 450k on this same Nairaland, it's selling for around 980k now, I believe there is no crime is waiting for the dollar rate to start reflecting on the market price of the PC wink

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