Naira Down To N1,500/$ In Parallel Market - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Naira Down To N1,500/$ In Parallel Market (151 Views)
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| Naira Down To N1,500/$ In Parallel Market by ogododo: 8:26am On Jun 14 |
The Naira yesterday depreciated in the parallel market to N1,500 per dollar from N1,485 per dollar on Tuesday. Similarly, the Naira depreciated to N1,476.24 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. FG’s failure to make fresh offer stalls wage talks0:00 / 0:00 Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,476.24 per dollar from N1,473.66 per dollar on Tuesday, indicating N2.58 depreciation for the naira. The volume of dollars traded on the window fell by 76 per cent to $92.68 million from $385.91 million on Tuesday. Consequently, the margin between the parallel market and NAFEM rates widened to N23.76 per dollar from N11.34 per dollar on Tuesday. https://www.vanguardngr.com/2024/06/naira-down-to-n1500-in-parallel-market/ |
| Re: Naira Down To N1,500/$ In Parallel Market by magoo10(m): 8:31am On Jun 14 |
The naira is not falling it is just doing dobale. 1 Like |
| Re: Naira Down To N1,500/$ In Parallel Market by Racoon(m): 8:35am On Jun 14 |
The naira fall is still the as a result of the ripple effects of free floating and forex flight especially as many multinational companies are just folding up and leaving Nigeria in droves. No investors confidence anymore. 2 Likes |
| Re: Naira Down To N1,500/$ In Parallel Market by Racoon(m): 8:36am On Jun 14 |
magoo10:Abi! Let the clueless government continue to downplay all the deteriorating sequence of all strata of the national life of this nation. 1 Like |
| Re: Naira Down To N1,500/$ In Parallel Market by magoo10(m): 8:39am On Jun 14 |
Racoon:until every fabrics that holds the country give away. Nigeria is presently being ruled by deceptive lazy brains that are only interested in reaping where they cannot sow. |
| Re: Naira Down To N1,500/$ In Parallel Market by Kenneth4u205(m): 8:42am On Jun 14 |
TINUBU |
| Re: Naira Down To N1,500/$ In Parallel Market by Melagros(m): 8:49am On Jun 14 |
COMRADES are speechless at the moment, this news is heartbroken, when incompetent rulers are ruling, this is usually the end result |
| Re: Naira Down To N1,500/$ In Parallel Market by BossGerald: 8:49am On Jun 14 |
Tinubu is a colossal failure...his supporters are worst. How can one man single handedly destroy our economy under one year and still have mumu supporters singing his praises?? 2 Likes |
| Re: Naira Down To N1,500/$ In Parallel Market by Boogyman557: 8:57am On Jun 14 |
Cc |
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