Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market - Business

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Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market (10257 Views)

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Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ogododo: 6:38am On Jul 26

The naira crossed the N1,600 mark against the dollar at the official foreign exchange market on Thursday.

FMDQ data on Thursday showed that the naira depreciated to N1,603.80 per dollar on Thursday from N1,586.71 traded on Wednesday, recording a N17 loss.

Similarly, at the black market, the naira further depreciated to N1,593 per dollar on Thursday from N1,585 exchanged on Wednesday.

The figures from both official and parallel foreign exchange markets showed that the naira declined further against the dollar and other FX.

DAILY POST reports that this is the fourth consecutive time the naira is depreciating against the dollar, despite the Central Bank of Nigeria’s intervention last week.

The development comes despite CBN’s sales of $106.5 million FX to authorised dealers last week Thursday and Friday amid a demand surge.

https://dailypost.ng/2024/07/25/dollar-to-naira-exchange-rate-hits-n1603-80-on-official-fx-market/

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by UnitedKingdom: 6:40am On Jul 26

Thank you Tinubu

67 Likes 2 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by LagosPrince: 6:44am On Jul 26

Tinubu is a failure it's obvious

88 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by EyeCumInPiece: 7:02am On Jul 26

God abeg deliver your people from this disastrous éBola plague.

113 Likes 8 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by AqualinaXYZ: 7:27am On Jul 26

I pray it gets to 10k per $ before Christmas

Make hunger choke una well well

78 Likes 1 Share

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ogododo: 8:39am On Jul 26

Nlfpmod, water don pass garri.

18 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ClassicMan202(m): 10:30am On Jul 26

We are getting there gradually.

Just keep standing on the mandate. grin

73 Likes 4 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Ebukamatth(m): 10:30am On Jul 26

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Olichoke: 10:30am On Jul 26

It's is well.

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by PlasmaTV: 10:30am On Jul 26

Reno, the dollar has hit an all time high against the naira under Tinubu's regime.

Fact check me or win $10,000.

88 Likes 13 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by handsomeyinka(m): 10:30am On Jul 26

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by 2RightHands1Coc(m): 10:31am On Jul 26

Rent, electricity, fuel, pepper /tomatoes, electricity, eggs, bread, beans,transport... this man has ruined everything

81 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Cj4charles(m): 10:31am On Jul 26

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by adebayo201: 10:31am On Jul 26

Tinubu is doing well... 😁 😁

Next time you no go collect money to vote.

79 Likes 9 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by manuelkel(m): 10:31am On Jul 26

no go hope on naira, minimum wage ti wa

9 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by AUTOCRATIC(m): 10:31am On Jul 26

Pressure ti wa

13 Likes 1 Share

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Funkyswagzz(m): 10:31am On Jul 26

We should give tinubu time he is trying to sell us out. Give him like extra 2yrs he might make us citizens of China 😂😂

69 Likes 8 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by freshkpomo(m): 10:31am On Jul 26

Is 212 to a Dollar okay? Fuel must be 65 naira or we will dance naked at obalende lol.....

26 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by specialmati(m): 10:31am On Jul 26

you can't give your presidential seat to a renowned drug lord,and expect the leadership of a priest.one thing with drug lord is they don't have conscience again it's burned.once upon a time

46 Likes 4 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ifytrik(m): 10:31am On Jul 26

How can I change all my savings from naira to dollar for goodness sake? I am living Nigeria very soon and all my money is still in Naira, to make matter worst, their is only one bank were I am( unity bank) and they said they can not open a dollar account, how can I change my savings to dollar? Help a brother

19 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ifytrik(m): 10:31am On Jul 26

This government is a total failure, only fools will support their second term ambition

31 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Ournolly: 10:31am On Jul 26

It's now clear that APC have only one mission - to drag Nigeria to the mud and they are working very hard to achieve their sinister mission.

23 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by dann190: 10:31am On Jul 26

And he keeps asking for more time... to do what exactly

? Till it crosses the 2k mark eh? We Don enter one chance noni

42 Likes 4 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by zinaunreal(m): 10:31am On Jul 26

Hahahahaha

1 Like

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by TableLeg(m): 10:32am On Jul 26

Cardoso how far?
Eyin Oloriburuku jatijati!

29 Likes 2 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Racoon(m): 10:32am On Jul 26

Tinubu’s tribulation and tinubulation gazelle gagara dollar macroeconomic cataclysm! Brace for more impact Nigerians Reno Omokri where are you? Abi nah Peter Obi and Arise TV they cause this spike again?

27 Likes 2 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ojun50(m): 10:32am On Jul 26

UnitedKingdom:
Thank you Tinubu

He is doing well

5 Likes 1 Share

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by booz(m): 10:32am On Jul 26

ogododo:

https://dailypost.ng/2024/07/25/dollar-to-naira-exchange-rate-hits-n1603-80-on-official-fx-market/

Cardi B on the beat. Confused lots.

6 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by OkCornel(m): 10:32am On Jul 26

300 naira to the USD in the “short term” - Tinubu, April 2023.

12 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ARISHEM: 10:32am On Jul 26

Nigerians deserve to protest till Tinubu leeve the exchange rate he met it when he allowed APC to take over from pdp

17 Likes 3 Shares

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