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Nairaland Forum / Nairaland / General / Business / Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. (398 Views)
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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/
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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 ![]() ![]() ![]() 6 Likes 1 Share |
Re: Naira Falls To N609/$1 On The Illegal Market As Forex Liquidity Remains Poor. by adebayo987: 11:03am On May 26, 2022 |
hicliq:all because a heartless idiot is CBN governor... May it never be well with Buhari and Emefiele! 3 Likes 1 Share |
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 1 Like
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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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