The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market.


FMDQ data showed that the naira tumbled to N1,154.08 per dollar on Thursday from N1,072.74 on Wednesday.

This represents a 7.04 per cent loss against the dollar compared to N1,072.74 per dollar traded the previous day.


Similarly, at the parallel market the naira depreciated N1,100 per dollar on Thursday from N1, 040 on Wednesday.

Accordingly, this is the second time the naira is depreciating against the dollar in three days amid fears of depleting foreign exchange reserves.

Meanwhile, the governor of the Central Bank of Nigeria, Olayemi Cardoso, in a statement on Wednesday said the country received $600 million inflow into its foreign reserves recently.


Earlier, Nigeria’s FX reserves dropped to $32.29 billion as of April 15.

However, Cardoso said as long as there is liquidity in the country’s FX market, Naira’s gain can be sustained.

https://dailypost.ng/2024/04/18/naira-loses-n81-to-dollar/

Okay, no comments

Propaganda battling with the dollar


Naira is still useless tissue paper like always.

Really?

ogododo:
The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market.


FMDQ data showed that the naira tumbled to N1,154.08 per dollar on Thursday from N1,072.74 on Wednesday.

This represents a 7.04 per cent loss against the dollar compared to N1,072.74 per dollar traded the previous day.


Similarly, at the parallel market the naira depreciated N1,100 per dollar on Thursday from N1, 040 on Wednesday.

Accordingly, this is the second time the naira is depreciating against the dollar in three days amid fears of depleting foreign exchange reserves.

Meanwhile, the governor of the Central Bank of Nigeria, Olayemi Cardoso, in a statement on Wednesday said the country received $600 million inflow into its foreign reserves recently.


Earlier, Nigeria’s FX reserves dropped to $32.29 billion as of April 15.

However, Cardoso said as long as there is liquidity in the country’s FX market, Naira’s gain can be sustained.





https://dailypost.ng/2024/04/18/naira-loses-n81-to-dollar/

Good news for obedients at last. Something for them to hold the body with.

Why the daily update lol. Well keep it coming

Tinupoo meezcrants will come and blame obedients...like they will overlook their clueless tinupoo to blame obedients.

Just watch and see

Babalegba:
Good news for obedients at last. Something for them to hold the body with.

I talk am😂

Accidental lovers of Nigeria since 2015

successmatters:
Propaganda battling with the dollar


Naira is still useless tissue paper like always.

Propaganda no dey save government, the earlier the cocaine drooling papa understands this the better.


If dollar becomes 10naira to USD while fuel is still 700 bread will be costly they know this , they all know but no na binance and BDC be issue

Expect foodstuff and Dangote cement prices to also increase.

No shaking, by Monday it will be 1$ to #800

How market today ?

ogododo:
The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market.


FMDQ data showed that the naira tumbled to N1,154.08 per dollar on Thursday from N1,072.74 on Wednesday.

This represents a 7.04 per cent loss against the dollar compared to N1,072.74 per dollar traded the previous day.


Similarly, at the parallel market the naira depreciated N1,100 per dollar on Thursday from N1, 040 on Wednesday.

Accordingly, this is the second time the naira is depreciating against the dollar in three days amid fears of depleting foreign exchange reserves.

Meanwhile, the governor of the Central Bank of Nigeria, Olayemi Cardoso, in a statement on Wednesday said the country received $600 million inflow into its foreign reserves recently.


Earlier, Nigeria’s FX reserves dropped to $32.29 billion as of April 15.

However, Cardoso said as long as there is liquidity in the country’s FX market, Naira’s gain can be sustained.





https://dailypost.ng/2024/04/18/naira-loses-n81-to-dollar/

BDCS IS NOT CAMA INCORPORATED. THEY'RE JUST CBN QUASI GUTTER FOREX ABUSE.

Oya, emergency lovers of Nigeria food don done oooo, let's start celebrating and reminding ourselves how dollar must be 5k naira before end of April.

K

Very useless propaganda... Honestly am beginning to hate this govt..pple are suffering..I sold my fine car because it's not easy again

Stabilize this naira please

It still makes no difference in the regular market out there

successmatters:
Propaganda battling with the dollar


Naira is still useless tissue paper like always.

Why do you people hate Nigeria this much?

You are delighted to hear bad news about the country. You call the country a zoo, yet you still want your kinsman to become the President of the zoo.

I don't just understand you people.

mobisonkk2:
Show me one person celebrating this news that is not from iboland and collect 500k.

Emergency lovers of Nigeria.

Tribal bigotry always raise your adrenaline.

Be like say the honeymoon don over oooo

Bbb

Even preeq never rise and fall like Naira

mobisonkk2:
Oya, emergency lovers of Nigeria food don done oooo, let's start celebrating and reminding ourselves how dollar must 5k naira before end of April.

..... Igbo people will give u heart attack!! .... When u sleep, u dream Igbo!!! When u wake up, u dream Igbo. When u go to buy parts for ur car, na still Igbo man u go see. When u go to buy electrical appliances ... na still Igbo man go sell give u!!!!

Dollar wey rise no concern Igbo man cos the value of his goods will rise with the dollar wether u like it or not and if u no wan buy, u will gedddifok outta his shop.

So drink medicine and ppurge yourself from Igbo hatred cos they dont know if u exist or not tribal nonentity!!!!

Something for the enemies to laugh but I think cbn knows what she is doing

It will come down well below 900 in days to come when

Tinubu and Cardoso are scammers

mobisonkk2:
Oya, emergency lovers of Nigeria food don done oooo, let's start celebrating and reminding ourselves how dollar must 5k naira before end of April.

Without turning Nigeria to a producing country, you are wasting your time and what they are saying may come to pass sooner than later.

Good! However, It has no bearing except it follows with a commensurate drop in the rising cost of foodstuffs, essential services and other aspects that affects the life of the common man. Otherwise, it is just the abracadabra of shuffling lies and propaganda

We told you to keep your dollars close 😂😂