Naira price is growing

[Karl_3000]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

[Ishicryptic]

Action speaks louder than words and if the value of naira to US dollar is appreciating and it is not making any impact in the prices of goods in the country that means that it is not feasible. I know that we cannot expect an overnight turnaround with a little appreciation in naira value, it will take sometime before we will start to notice feasible changes. But if naira increased value is a manipulation by our government it is only a matter of time before their scam will manifest so for now we should just wait and see how it goes. I don't get carried away by naira momentary pumps it doesn't move me because it doesn't make any significant impact in the economy

You should note that this thread is not related to cryptocurrency discussion, it should be best suited in our politics and society sub board.

[Abu-Naim]

If our Nigeria government is reliable, then we should be happy because it should ease pains since prices of goods especially imported goods will drop; but this country nothing is working, the government is not working, they are always finding ways for themselves and their families. Therefore, anything can happen especially as we have entered the last quarter of the year and you know how expensive things used to be during this period.

At this moment, I don’t think it safe to buy dollars, we need to calm down to analyze give the go market will be because mostly, we do have such market conditions towards the end of every year, I think it’s normal, it might get back on track soon.

Even if we hope the price drops drastically, we can’t get the benefit because marketers will not drop the price of goods now that Xmas is fast approaching.

[Rgram]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

Market manipulation keh, watin go Dey inside for the government if them behave like that. In as much as I no con like the way e Dey drop via say, the cost of things for market no go follow am drop and as such, no effect except say, for people way Dey earn in dollar, the purchasing power go drop when we exchange. I go say, the government Dey try show us say, them Dey work. The only matter way Dey there be say, e no Dey last. By next week, things don reset back to #1,530+ for $1.

[IjawMan]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

Op from the pitch of your written I can get a picture of how happy you are that naira is rising against the dollar. Your joy will melt reminiscing how much was the value of the naira to the dollar in the early 70s when 1 naira was valued above the dollar. You'll agree with me that with that there is nothing special to be joyful about.

What the government are doing now can be conceived as collateral damage to the naira and it's far bad that be it that the naira gains value against the dollar the prices of commodities imported and home grown still remains same or increases. Now nothing in the country drops in price soon as it goes up, this is to tell us that all this naira rising value against the dollar is all manipulative and not by market determinants.

[mid9tclaw02]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

the fact is that no matter how much the naira may be the price of things will never go down instead it will be going up and up so for me just trade in dolls and that's all

[Mpamaegbu]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

Na nearly I take escape am small sell slightly above 1500 yesterday sha. I dey hope sey e go rise small since last week make I for sell but something just pinch me sey make I sell dat yesterday. I for dey in severe pains (in Ayo Fayose's voice 😂) by now. From wetin I dey even sell, e fit gather more strength sef in days to com and drag dollar down to N1,200. I know sey awa people wey dey here or wey dey earn in foreign currency nor go too like dat kain thing. But dat's what it's. I hope prices of things in d market go begin crash too to match dat energy from naira.

[Johnlomape]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

If you see the price of Dollar/Naira to have climbed to 1,490 then this could be as a result of different implementation by the Nigerian government to regulate price of dollar so it doesn't surge too often. The price of Naira is going up which is not really good for the country because it's going to increase inflation and make price of food to skyrocket.

 You might be happy seeing the price of Naira going up because you want to exchange your dollar to Naira, hoping to get paid high amount so that could solve the things you want to use it for. How I wish the price of Naira to dollar could fall to 700 from the current price so inflation can be reduced drastically and people will be able to afford regular things.

[Cryptohygenic]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

Wake up, the intrinsic value of naira no dey for exchange market hand but our economy system based on how our govt fit control inflations and as well lias with foreign economies and dragging their attentions to our own local markets.

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

Abeg try to dey add source of informations in regards to wetin u claim say u read via the updates.
Since my mama born me, I never hear say cost of goods for Nigeria go down and remain stable bcos las las e go rise again even to rate of no returns. Wetin dey cos am na economy manipulations where foreign and local economics dey challenge each other but e always falls a failed  efforts for us bcos our economy plans no fit withstand the value of the US economy if evaluated. So our naira purchase power go always go weak against the USD unless we meet up the global economy demands.

[CryptoHeadlineNews]

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At this moment, I don’t think it safe to buy dollars, we need to calm down to analyze give the go market will be because mostly, we do have such market conditions towards the end of every year, I think it’s normal, it might get back on track soon.

Yes, it's true now isn't actually the safest time to buy the US dollars, due to the recent increasing rate in the value of our country Naira. And as such, one thing we should note is that if this Naira rise exponentially high within a short period of time, that's exactly how it's going to fall back within a short period of time too. Hence, for that reason, for those who have Used, it's advisable they do not sell their coins, because their is a high potential this this recent rise won't last.

[WhoYouCantKill]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

Inflation has always been a major wahala for the Nigerian economy and it doesn't really matter whether the rate of naira goes up or down, things will just continue to be expensive. Because I've come to understand that the price of things in the country isn't really influenced by the rate of dollar but the sellers themselves. Na sellers dey fix their own price since there's really no regulatory agencies saddled with the responsibility of regulating price.

[Nathrixxx]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

Let me first talk about the Naira gaining value over the USD, most of us must have seen this before now if we are experienced enough in cryptocurrency trading or forex trading, but at the long run, what you will have to see is the coming back of the US dollar with full force, because all these that are leaders are doing are nothing than market manipulations, just as you can't expect the GBP to go low below USD, just accept that this will be a short time effect only, while by the time it will rise back, we may landed at $1 to #1,800 or more if care is it taken.

[Yablee0]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

I don't really understand what the whole joy is all about, #1490 to $1 is what we should be talking about? I think by now Nigeria should have gone above this level but our poor governance lead us to this state we are now. Nigeria is great country but it beats my imagination how our naira  note disvalued overnight and nobody seems to be talking anything about it.

I can remember back then when $1was equivalent to #150 , things was very normal life was so easy but I wonder what happened between a couple of some years, everything changed over night, cost of living became a problem to us and we are here celebrating naira at #1490 to $1, it doesn't really make any sense to me.

[xiamin]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

When our currency strengthens against the dollar you will understand that inflation is decreasing slightly but you will not understand its impact on the commodity market so quickly. Another reason for the strengthening of the Naira is the increase in reserves. If the government’s dollar reserves continue to increase, it can also increase the value of the currency in the country. Since goods have to be purchased from outside the country and paid for in dollars or some other currency there may be a shortage of dollars most of the time but if there are sufficient reserves, it is easy to pay the purchase price and keep the reserves intact. The issue of government manipulation may not be correct here.

[DiMarxist]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

Seeing the exchange rate, now dollar is now 1490 is actually a very serious case. So many people are actually wondering the same thing, will this dollar rate continue to go up and or is the federal government just trying to control the market for now, and it's getting so many of us concerned. But the actual truth why the value of naira is still dropping and will continue dropping, is that we import things alot, and we don't even produce valuable things in our local market, and as long as we still use dollar to buy things form abroad, dollar will continue to rise and rise and rise. Now your question is trying to increase the value of naira, while the price of good in this country are still very high, to me even if they have or have drawn out that kind of plan it will only look good on punch, News papers and the rest but the hardship in this country continues.

[Marykeller]

When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?

With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?

If the dollar is increasing or decreasing, many Nigerians don't even know or talk about it again as what is mainly responsible for the increase in goods and services, other than the fuel increase. The FG should cut down the fuel price to start with. Then we will see how the price of goods and services will be deeply reduced. But if the fuel price remains the same, and the dollar to naira falls a little, it will be like nothing has changed in the Nigerian market.