Naira falls to N1260/$ in parallel market

The naira depreciated yesterday to N1,260 per dollar in the parallel market from N1,220 per dollar on Tuesday.

Similarly, the naira depreciated to N904.65 per dollar in the official Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N904.65 per dollar from N865.03 per dollar on Tuesday, indicating a N39.62 depreciation for the naira.

As a result, the gap between the official and parallel market exchange rates widened to N355.35 per dollar yesterday from N354.97 per dollar on Tuesday.

The volume of dollars traded on NAFEM increased by 22 percent to $120.89 million from $99.09 million traded on Tuesday.

https://www.vanguardngr.com/2023/12/naira-falls-to-n1260-in-parallel-market/

Interesting… A failed country will always be a failed country. I pity those who still have hope in that useless god forsaken country.


Shege PROmax

It's well

Give all the power in Nigeria to an 80-something years old ancestor and what do you expect?

On your mandate we stand

As Asiwaju continue in his mission to destroy Nigeria, May God destroyed everything all his cronies has accomplished..

Ok

No net-export.

Hehehe.

The praise singers and drum beaters are no where to be faund.

A man woke up one day shouting,"subsidy is gone, subsidy is gone", without any plans. And his paid supporters told us he is the one who gave Dubai the blueprint they use to develop Dubai.

As if that wasn't enough,he woke up the next morning telling us how he has float the naira.
They told us that this man was the one that was given all the brain of Albert Einstein.

Nobody asked him about his plans,they only said we should watch him do his wonders.

6 months later,look where we are. All the praise singers have abandoned us. The ones standing on his mandate are now looking for chair to sit down .

Today we are been told to pray. A man that didn't pray before taking decisions is asking us to pray.

When they make mistakes,they tell us is the will of God. God is not the author of confusion, Know this and know peace.

This too shall favour me and my family.

Bala blue!

I LOVE THE WAY WESTERNERS KEEP ON USE THEIR BLACK AFRICANS SLAVE AND THEIR BRAIN 🧠 KILLED YOUR CORRENCY TO LABOUR FOR DOLLARS, IS YOUR PRIORITY, ZOMBIE EVERYWHERE ACROSS NIGERIA

These are not the best times to be a Nigerian citizen.
I feel for the aged pensioners in particular

Dey play,$1 to N2000; here I come🥹🥹🥹🥹

Naija where are we headed...

Tinubu is a failure

Forget all these window dressing of reforms

You claimed to float the naira to close the gap between parallel and official rates

Now the gap has even widened beyond the mark it was before you floated the naira and the naira has sank in the process to historical lows

What is he doing about it? Nothing!! He's out of his depth and his wit's end. He's only hoping on manna to fall from somewhere

Someone Predicted that the Parallel Market would reach N1,500 per dollar by 1st January 2024..


And by December 2025,, the Official Market must have reached N1,500...

Where are those Agbado people that where shouting upadan during campaign, Tinubu develope Lagos?

OK

This will favour me and my .......

It's cheap.
Dollar that will be exchanged for 5200 before the end of Tinubu's first term. I.e 2027.

Try and learn how to trade USDT/NGN on Binance p2p. E get why.

Emilokan is digging their graves one by one

Bf Christmas it should be 1300

After crossing that 1000 mark

There is no stopping the free fall

Until naira agrees to do the right thing, we are in for a long ride

Our importation mentality.

Our minister of Trade was asked by Oshiomole in senate committee on trade

whats our net import with China ??

So that we can discuss with the Chinese government to come and establish the companies in Nigeria............As its the case all over the world, USA forces Germany to assemble mercedes in the USA, creating Jobs and paying taxes to USA governement.

The minister answered "Senator we dont have such records before i came and we can certainly look into it"

Are these the so called technocrats Tinubu promised to appoint ?


There is no harm in appointing Ministers to re-pay political debts, but atleast assemble a team of technocrats.....Go to UNILAG/UI/UNN/ABU/OAU......There are people there who can run this country.....Even if a minister uses ChatGPT. They can know how to run the country.

The same minister had a 1 billion Naira traveling expense to Europe for 1 trip !!!!!

This man reminds me of a young relative sent to me some years ago to help train ...


This dude is a genius,but only on the negative sides.. so smart in crime that u will never detect nor be able to stop his criminal moves. Before u knew it,he has made friends with all the criminal elements in the neighborhood.. he fit dey with you for car ,use eye communicate effectively with street men,and u will not even know... But that's how far he went. Before he was sent to me,his people said he was very smart and a genius.. ok but use that smartness to enhance your new home,Mba! Dude was at the bottom of his class! You can't send him on an errand and he goes it without making blunders.. Before I finally sent him away,I tried him in business.. for like 6 months in my business,he can't even write a single invoice talk more of calculating accurately.. but he kept stealing money and even kept girls without detection..he was found out by sheer chance..

Some people can maneuver everything but never for the interest of the public..

olaniyilukman:
As Asiwaju continue in his mission to destroy Nigeria, May God destroyed everything all his cronies has accomplished..

BIG Amen

Almost twice the amount it was in less than one year.

What a government

freestuffsng where are thou ooo?

Food is ready!

The descendants of the fallen demon will blame it to importation forgetting that their tribal demigod(Tinubu) ought to have improved easy of doing business and make local production favourable for floating naira

crossfm:
Hehehe.

The praise singers and drum beaters are no where to be faund.

A man woke up one day shouting,"subsidy is gone, subsidy is gone", without any plans. And his paid supporters told us he is the one who gave Dubai the blueprint they use to develop Dubai.

As if that wasn't enough,he woke up the next morning telling us how he has float the naira.
They told us that this man was the one that was given all the brains of Albert Einstein.

Nobody asked him about his plans,they only said we should watch him do his wonders.

6 mounts later,look where we are. All the praise singers have abandoned us. The ones standing on his mandate are now looking for chair to sit down .

Today we are been told to pray. A man that didn't pray before taking decisions is asking us to pray.

When they make mistakes,they tell us is the will of God. God is not the author of confusion, Kno this and know peace.

hahahaha!

Even Asari Dokubo is no longer standing on the mandate, infact he described it as a Nightmare, a disaster in just six months