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Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. (398 Views)

President Tinubu Orders CBN To Improve Forex Liquidity / Exchange Rate Post Biggest Ever Gain, Closing At ₦‎742/$1 On I&E Window / Dollar Sells For N445 As Forex Scarcity Persists (2) (3) (4)

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Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by hicliq(m): 10:50am On May 26, 2022
Where Is Nigeria Heading To..
On Wednesday, the Naira gained 0.24 percent versus the US dollar, closing at N418/$1 compared to N419/$1 at the close of business on Tuesday, May 24th, 2022.

In addition, the market handled $108.33 million in FX on Wednesday, up 24.43 percent from the previous session’s $87.06 million.

On Thursday morning, the peer-to-peer market’s exchange rate fell by 0.07 percent to $608.55, down from N608.12/$1 the day before. Since the CBN’s announcement, the naira has depreciated by 0.39 percent in the market.

The exchange rate between the naira and the US dollar in the Investors and Exporters (I&E) market ended at N418/$1 on Wednesday, May 25th, 2022.

Read More: https://www.heartzfx.com/naira-falls-to-n609-1-on-the-illegal-market-as-forex-liquidity-remains-poor/

Re: Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by ZombieSlaughter: 10:51am On May 26, 2022
Sai buhari!
Re: Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by inoki247: 10:52am On May 26, 2022
which one be illegal market...

Govt no fit provide something nd people still had to sort for it dem sef u dey call am illegal market na drugs undecided undecided undecided

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Re: Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by adebayo987: 11:03am On May 26, 2022
hicliq:
Where Is Nigeria Heading To..
On Wednesday, the Naira gained 0.24 percent versus the US dollar, closing at N418/$1 compared to N419/$1 at the close of business on Tuesday, May 24th, 2022.

In addition, the market handled $108.33 million in FX on Wednesday, up 24.43 percent from the previous session’s $87.06 million.

On Thursday morning, the peer-to-peer market’s exchange rate fell by 0.07 percent to $608.55, down from N608.12/$1 the day before. Since the CBN’s announcement, the naira has depreciated by 0.39 percent in the market.

The exchange rate between the naira and the US dollar in the Investors and Exporters (I&E) market ended at N418/$1 on Wednesday, May 25th, 2022.

Read More: https://www.heartzfx.com/naira-falls-to-n609-1-on-the-illegal-market-as-forex-liquidity-remains-poor/
all because a heartless idiot is CBN governor... May it never be well with Buhari and Emefiele!

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Re: Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by greenermodels: 11:26am On May 26, 2022
Said Buhari, Buhari would handle security while Osinbajo would handle the economy.
Re: Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by Sergio104(m): 11:30am On May 26, 2022
Naijiria is bae

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Re: Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by XerXers: 12:04pm On May 26, 2022
Any government that refuses to work with igbos will fail
Re: Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by Zandena(f): 2:28pm On May 26, 2022
This is what you see when elections are approaching couple with heavy political spending which unfortunately in Nigeria is done in foreign currencies especially US dollar. This has increased pressure on the Naira, hence the free fall of the local currency.
CBN governor should have tendered his resignation by now in a sane country
Re: Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by Dialpad: 5:11pm On May 26, 2022
Banks cannot give you more than $2k from your dorm account.

I needed $20k, I have to come for 2k daily according to the rep at GT. They will also include smaller bills like$5 $10, $20

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