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Nairaland Forum / Nairaland / General / Business / Why Naira Will Continue To Appreciate (40461 Views)
Why Naira Depreciated By 23% In 4 Days β Currency Dealers, Analysts / Goldman Sachs: Naira Looks Cheap, To Appreciate To N1,200/$1 / Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan (2) (3) (4)
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Re: Why Naira Will Continue To Appreciate by Cromagnon: 7:25pm On Mar 27 |
LifeofDream:what would you do in their shoes |
Re: Why Naira Will Continue To Appreciate by Cromagnon: 7:28pm On Mar 27 |
femisplash:how much oil will PH produce. Govt cannot produce anything efficiently |
Re: Why Naira Will Continue To Appreciate by Simpubozz(m): 7:29pm On Mar 27 |
But price of foods are still on high?? 1 Like |
Re: Why Naira Will Continue To Appreciate by NothingDoMe: 7:43pm On Mar 27 |
SoNature:Lol. Did you read your link to see that it was last year August 2023 they took this loan? Or you just wanted to spread misinformation. 1 Like
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Re: Why Naira Will Continue To Appreciate by Bjteensdes24: 7:50pm On Mar 27 |
alimiadedayo1: |
Re: Why Naira Will Continue To Appreciate by Kingrshd3: 7:55pm On Mar 27 |
tophempire: But this is what Jonathan and Ibrahim has been doing when d dollars was around 300 then .. So why are u guys praising then over Tinubu's policies when he has removed subsidy?? So if he Tinubu can also start d borrowing which d masses didn't care then fine d dollars will be back 2 Likes |
Re: Why Naira Will Continue To Appreciate by arsenal33: 8:03pm On Mar 27 |
jetwonder:shows how our people are, quick to blame dollar and increase prices, slow to reduce prices when dollar falls 1 Like |
Re: Why Naira Will Continue To Appreciate by PHAYOL81: 8:04pm On Mar 27 |
Cool piece. Only the daft,won't be optimistic about the CBN policies and the development around the rejuvenated economy. At least, some reasonable enterprenuers are now becoming happy they gave Asiwaju a chance. It hasn't been smooth sailing but some light is now appearing at the end of the tunnel. GOD BLESS NIGERIA WE RISE! |
Re: Why Naira Will Continue To Appreciate by khattab02: 8:20pm On Mar 27 |
99thEnemy:in my area when that happens and u refused to sell or lower, your garri go remain with u till e spoil. Becox people will not buy from u again, they will go to where it is cheap. And that's because of competition |
Re: Why Naira Will Continue To Appreciate by SoNature(m): 8:30pm On Mar 27 |
NothingDoMe:The deal was signed in August and the funds were disbursed this year. It's no misinformation. If Nigeria had that money, CBN wouldn't be owning them. It's good to be excited that naira is bouncing back but make sure you have all the facts. https://www.afreximbank.com/afreximbank-announces-an-initial-disbursement-of-us2-25-billion-under-a-syndicated-us3-3-billion-crude-oil-prepayment-facility-sponsored-by-the-nigerian-national-petroleum-company-limited/ |
Re: Why Naira Will Continue To Appreciate by Kay25(m): 8:42pm On Mar 27 |
jetwonder:That's human behavioral system with time it will adjust 1 Like |
Re: Why Naira Will Continue To Appreciate by SmartMen: 8:43pm On Mar 27 |
seunowa: Most you of you are bereft of anything integrity. Support a man who stole election, injured people, killed people to get to that seat. As much as I appreciate what is happening, even though I don't earn in Naira, I don't have a single support to give a thief who does not know how to do any other thing than to steal from people. |
Re: Why Naira Will Continue To Appreciate by alcuin(m): 8:46pm On Mar 27 |
99thEnemy: I know. If you sell the old stock at 450, as per your example. You can still get to keep 50 whenever you are restocking your shop because you will then buy again at 400. Do you understand me now? 1 Like |
Re: Why Naira Will Continue To Appreciate by 99thEnemy(m): 8:56pm On Mar 27 |
alcuin: No. You bought at 500, to sell at 550 to gain 50 naira. selling the stock you bought at 500 for 450 means you loose 50 naira. |
Re: Why Naira Will Continue To Appreciate by Yelight(m): 8:59pm On Mar 27 |
Putindbutt: That's the problem, when dollar went up did they sell the goods they have in stock first before increasing price? 1 Like |
Re: Why Naira Will Continue To Appreciate by commoditiesnig: 9:04pm On Mar 27 |
Good piece |
Re: Why Naira Will Continue To Appreciate by naija4life247: 9:07pm On Mar 27 |
tophempire: Are your surviving on a borrowed brain |
Re: Why Naira Will Continue To Appreciate by seunowa(f): 9:28pm On Mar 27 |
SmartMen:Find better thing to do with your life..... You are empty |
Re: Why Naira Will Continue To Appreciate by SmartMen: 9:34pm On Mar 27 |
seunowa:says a clown. May Nigeria happen to you let see you maintain this stance π |
Re: Why Naira Will Continue To Appreciate by kenobi007(m): 9:39pm On Mar 27 |
Why is nigerian customs still benchmarking their rate @ 1,405 to $1 |
Re: Why Naira Will Continue To Appreciate by pacespot(m): 9:48pm On Mar 27 |
femisplash: Naira was considerably undervalued due to investors losing confidence in the trajectory of Nigeria's political landscape, reason why it is too early to attribute recent gains against Dollars to any CBN policy. CBN policy can only be said to be working if Naira is now trading for a considerable period of time at the price pre-floating of the foreign exchange market. |
Re: Why Naira Will Continue To Appreciate by rosco1404: 9:50pm On Mar 27 |
replacement cost nko? Yelight: |
Re: Why Naira Will Continue To Appreciate by isaiahethan: 10:08pm On Mar 27 |
helinues: But food prices never still come down. Oga please help us beg them to reduce the price of foodstuff |
Re: Why Naira Will Continue To Appreciate by Iamthoney(m): 10:14pm On Mar 27 |
alimiadedayo1:I donβt and never trust this government and the jury will forever remain out on them |
Re: Why Naira Will Continue To Appreciate by largeman4u(m): 10:32pm On Mar 27 |
Naira will gain more, I pray the refinery start to work soon. |
Re: Why Naira Will Continue To Appreciate by Yelight(m): 10:46pm On Mar 27 |
rosco1404: As in? |
Re: Why Naira Will Continue To Appreciate by stuffs2002: 10:47pm On Mar 27 |
maestroferddi: IPOB and hate.. You can never satisfy them. IPOB are the only ones rejoicing when the Naira was sinking, bow they are in pains that Naira is apreciating. 1 Like |
Re: Why Naira Will Continue To Appreciate by Asswipemod: 11:16pm On Mar 27 |
femisplash: Thank God Baba Emile O'Corn dodged a bullet by appointing Cardoso Michael instead of Kadoso Mutairu aka seunmsg, the Buhari lover.π |
Re: Why Naira Will Continue To Appreciate by Asswipemod: 12:48am On Mar 28 |
femisplash: Then best comment of the year! |
Re: Why Naira Will Continue To Appreciate by PropertyBuying(f): 1:40am On Mar 28 |
Ww hope this prophesy will be a reality id β¦20 to $1 jetwonder: |
Re: Why Naira Will Continue To Appreciate by monex(m): 3:37am On Mar 28 |
Wainey: around 700 based on our balance of trade |
Re: Why Naira Will Continue To Appreciate by Believeintruth: 7:03am On Mar 28 |
femisplash: Hold on here. Binance indicated that the total amount of USD that has passed through them from Nigeria is only 25 million, but government is claiming 26 billion. So clearly the government is trying to give a dog a bad name to hang it, because anyone who asks why Ribadu is after the list of Nigerians using Binance will clearly see that the ruse of Binance causing the naira slump is a cover to do Investigations into terrorist financing. Because clearly Binance funneling 26billion is clearly a lie. |
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