Impact of the crude oil prices which had been fluctuating, and fell to as low as $21, had also been taking its toll on the strength of the naira.
He said this was coupled with the impact of trading on the FMDQ market on future derivatives and the negative territory of our crude oil prices. Gwadabe added, “It is our resolve to enhance liquidity in the foreign exchange market and help discover a true market exchange rate that is devoid of speculative and hoarding activities.”
Gwadabe said the operators were preparing to return to the market after the regulator lifts suspension on forex.
N450 is still comforting. Better tighten your belt because it is tilting towards N1000. No improvement at all. Ghana, an African country has her currency higher in value than Naira. We shall overcome...
anuramon Mtchew 🤦♂️ 🤦♂️ 🤦♂️😭😭😭😭
As if they swear for Naira Everytime 🙄🙄🙄
Hahahaha evil and abominable jungle called nizooria is going down
He don happen...
How much last Ni perpendicular Market?
Soon it will be 500
BDC is 500 argue with your keyboard.... 🎹🎹🎹
We must learn to look inwards and manufacture what we consume. That's a big lesson from the coronavirus pandemic. China is presently exporting her sub-standard medical consumables while the whole world scrambles for them. A big lesson indeed.
Scammers still dey collect dollars oooo... Lol
This is probably not the end of the beginning. It sure looks like the beginning of the end 😩
This thing will still reach 1k
One of the reasons we need to ease the lockdown
Who is buying dollar at this period?
It means that despite the lockdown our people still eat and drink dollars. Why must we use parallel market rate to determine the value of our currency. Despite the fact that we have the official rates.
Expect N500 soon . Nigeria dollars inflow has dried up . FDI need there money back , sold Nigeria Bond but can’t remit . Things fall apart
Global markets now belong to the big boys who can think, innovate and diversify. The only means of livelihood and survival for Nigeria is crude oil and this has been relegated. So, Nigerians should brace up for hard times, yet to come. This is what your leaders have caused you.
Naija, how far gan sef? Which kind Life be this? 450 to a dollar? Shey Na like this we go dey dey?
It was 360 in the last quarter of last year. Now it's 450. Since I have know the dollar price to the naira has never dropped. It just continues to increase . International markets are killing the third world.
Yahoo Boys you time is now
Will definitely hit 480 by end of this week.
Just wait till businesses open and the needs for Fx spike. With fallen oil price and lack of diversity in the economy, there is little CBN can do to cushion the effects
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There's no parallel market moreover what sort of market is Nigeria running 23 millions people are unemployed
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Chai it is finished
Plunging!!! Plunging!!! Plungging. We die here.
We are still going to borrow from IMF
Wow
If we had good government we would have succeeded during this period. Nigerians must get sense now and decide your future come next election
That is when I deplore our mentality in this country. We can't even travel abroad, why dollar has to be this expensive? Ṣe ń kan ṣe wá ní?
Depression warming up.
Wahala wa o
Leave dollar alone.
450? Na wow ooo
Jackpot
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