Dollar Crash: Pressure Mounts on FX Hoarders to Sell Off
Dollar Crash: Pressure Mounts on FX Hoarders to Sell Off
Individuals, banks, and Bureaux de Change (BDC) operators are still under pressure to sell their excess dollars and other foreign currencies.
This is due to the various policy measures introduced by the Central Bank of Nigeria (CBN) that are still in effect.
Last month, the naira fell to a low of N1,778.25 to the dollar because of high demand…
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i pray to see $1 to N1 soonest
Nigerian government is taking necessary steps to crash the dollar we really appreciate.
The dollar is about to collapse on the international markets. The BRICS nations are dumping the dollar and are buying gold which has hit an all time high of approximately $2200/ounce … its highest level ever !!! People in diaspora who have not invested at home are going to be in serious problems. FX is about to collapse and there's going to be a huge Exodus from the west to Africa … biblical proportions is the type of collapse coming …
Anybody thinking that tiunubu will fix the nigerian problem is nothing but a coward, a man who is under aggrement with the British colonial master.😡
Had been the zoo is a country where things are working the politicians would have created new currency backed it with cold like the Arabs because all the resources are there
The guy is a bit impatient.
When dollars go up, you increase price, but when dollar goes down you maintain price because you bought high? Why didn't you sell your old stock at low prices?
U guys are naive. Dollar exchange does not affect all food stuffs. Reduce petroleum prices. It will trickle down to all goods and commodities. U can sell cheap wen u use all ur money to transport ur items. From ph to Lagos as we speak, god is good is about 38k others 30k. Just before may 29 last year, same journey goes for 7k. Deal with petroleum u and u would have controlled food inflation. At least the common man and majority only cares about food inflation. Fx will address other inflation but definitely not food inflation. We wan chop tinubu. Nigerians are hungry.
After pegging it, soon they will lift
Tinubu should lead by example by saying nigeria should start patronising made in nigeria goods. Tinubu should start to take medical treatment in nigeria and stop travelling abroad. Tinubu lead by example
That lady is just arguing blindly. Is it every food items that have gone over the roof bought with dollars
Save in dollar, save in dollar … Now my saving is disappearing 😢
And it keeps crashing. GOD BLESS NIGERIA
Why is Naira appreciating?. Has Nigeria export increased, people don't buy imported goods as much again, we don't import toothpicks again?.
That guy needs go back to secondary school economics
This guy talks a lot sha🙄
Is the price of goods and commodities also reduce?
Enemies of Nigeria shall be defeated in sha Allah … I believe in the capacity of Tinibu's team… The only thing President Tinibu's team should do to make Nigeria great is to cut down cost of governance and encourage buying made in Nigeria products to strengthen Naira, lets encourage export, including refined petrol and diesel to Chad , Niger, Cameroon, Benin e.t.c and see Naira value appreciate in 16months time by God's grace…. We must stop buying foreign SUVs for legislators and executives, stop criminal inflation of government contracts at all three ties of government…. Stop medical tourism… Restore security and let our farmers go back to farm to feed Nigeria and Africa… Defeat Terrorists, bandits, kidnappers, and all other criminal non-state actors that are carrying guns and Killing innocent citizens…. Standard elactricity, reduce petrol price…. President Tinibu will write his name in gold in Nigeria's book of history as the best president Nigeria has produced so far if he achieve all of the above mentioned points….
Yes, i think veronica should listen to the young man if she wants to learn
This will not last soon the bad economy will lead another depreciation
The male anchor is sounding like he has no basis business knowledge There is always a time lag … In adjust of price .. forgetting that things aren't back to where it started from ₦750/1$ .. some goods haven't even price adjusted to ₦1400/1$.. therefore scarcity is another variable how many traders stocked up during the exchange increase.. so scarcity will still keep price at where it is
The gentleman is absolutely right
Nigerias pain is self inflicted, buy nigeria
Why is the male anchor sounding like a learner.
1. If everyone is increasing their price, you'd increase yours too
2. even if they buy low, they must sell high because they'd still restock
Keep your $$$ till next Christmas, the Naira will crash again.
Gain and loss are normal in business,,,,there is nothing like I buy low I must sell higher 😂😂😂😂
If you want to sell your old stocks which you bought at lower at inflated price, you should also be ready to sell the products you bought high price at deflated price. That excessive gain you made then should cover for the loss you make now
SON or any body in charge should be doing more to improve the quality of Nigerian produce and products