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Naira Down To N1,600/$ In Parallel Market - Business - Nairaland

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Naira Down To N1,600/$ In Parallel Market by ogododo: 7:37am On Aug 20
The Naira yesterday depreciated to N1, 600 per dollar in the parallel market from N1,590 per dollar last weekend.

However, the Naira appreciated to N1,579.22 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,579.22 per dollar from N1,579.89 per dollar last week Friday, indicating 67 kobo appreciation for the naira.

The volume of dollars traded in the market increased by 41.4 per cent to $162.99 million from $115.23 million traded last weekend. Consequently, the margin between the parallel market and NAFEM rate widened to N20.78 per dollar from N10.11 per dollar last week Friday.

https://www.vanguardngr.com/2024/08/naira-down-to-n1600-in-parallel-market/

2 Likes

Re: Naira Down To N1,600/$ In Parallel Market by NaijaCover(m): 7:53am On Aug 20
Following The Update
Re: Naira Down To N1,600/$ In Parallel Market by emmabest2000(m): 1:19pm On Aug 20
post=131596943:
Following The Update

2 Likes

Re: Naira Down To N1,600/$ In Parallel Market by Nbote(m): 10:15am On Aug 21
We no kuku send again. Even the CBN has given up on trying to pad the naira. As you can see even Baba is tired

Okortor:
EFCC should arrest speculators. Nonsense and ingredients

The fact that you belive some imaginary speculators apart from the govt are the ones manipulating the prices shows that some of your know absolutely nothing

74 Likes 13 Shares

Re: Naira Down To N1,600/$ In Parallel Market by YeyeGbami: 10:15am On Aug 21
Re: Naira Down To N1,600/$ In Parallel Market by lailo: 10:15am On Aug 21
Kudos to Igbo's inspired nation wide hunger protest. That's the result when u ignorantly criple ur own economy in the name of politics. All of us go chop this watery beans tire. You are happy now shey?

7 Likes 1 Share

Re: Naira Down To N1,600/$ In Parallel Market by IyaTola: 10:16am On Aug 21
grin

Import-dependent economy, lack of investors confidence, policy somersaults, reckless government spending, chronic taxation and borrowings( debt servicing, dubious fuel subsidy payments), skyrocketing inflation and forex flight are all taking their toll on the naira.

Meanwhile, Cardoso have no solution in sight for this disturbing trend. Reno Omokri is no more talking of buy or grow Nigeria with the downward dollar swipe again. Lies and propaganda does not translate to good governance.

11 Likes 1 Share

Re: Naira Down To N1,600/$ In Parallel Market by saintbillion(m): 10:16am On Aug 21
Tinubu nice one. U do this one. So even the new anthem couldn't save the naira?

34 Likes 1 Share

Re: Naira Down To N1,600/$ In Parallel Market by Okortor: 10:16am On Aug 21
EFCC should arrest speculators. Nonsense and ingredients

1 Like 3 Shares

Re: Naira Down To N1,600/$ In Parallel Market by popweezy(m): 10:16am On Aug 21
Something wey ho soon reach 2500

13 Likes

Re: Naira Down To N1,600/$ In Parallel Market by PissInside: 10:16am On Aug 21
The high dollar rate is actually favoring some people.

Someone sent me $4000 bitcoin yesterday and was surprised when Quidax credited me 6.3million naira.

18 Likes

Re: Naira Down To N1,600/$ In Parallel Market by Oizee(f): 10:16am On Aug 21
Down and up again, I will take you guys serious when it's down to 600

11 Likes 1 Share

Re: Naira Down To N1,600/$ In Parallel Market by edungene7: 10:16am On Aug 21
Tinubu the calamity Naira dey raise like preek in the morning and fall yakata in the night

12 Likes

Re: Naira Down To N1,600/$ In Parallel Market by adioolayi(m): 10:17am On Aug 21
Many seems uninterested at this point jare..

When Tinubu is through destroying Nigeria, we will all see it and we will see what else to be destroyed .

Na so

36 Likes

Re: Naira Down To N1,600/$ In Parallel Market by Skillsnigeria: 10:17am On Aug 21
Hmmm
Re: Naira Down To N1,600/$ In Parallel Market by Ebukamatth(m): 10:17am On Aug 21
A new day
A new problem
Kudos to any APC member

6 Likes

Re: Naira Down To N1,600/$ In Parallel Market by iampeterben(m): 10:17am On Aug 21
The economy is really growing worse, but I and my family shall flourish.

9 Likes 1 Share

Re: Naira Down To N1,600/$ In Parallel Market by IyaTola: 10:18am On Aug 21
Okortor:
EFCC should arrest speculators. Nonsense and ingredients
Which speculator?

2 Likes

Re: Naira Down To N1,600/$ In Parallel Market by diamond68: 10:18am On Aug 21
angry let’s go there
Re: Naira Down To N1,600/$ In Parallel Market by mrjoeblinks: 10:18am On Aug 21
Ehen?
.
Sharp!!! Make I go bomb wetin no good.

1 Like

Re: Naira Down To N1,600/$ In Parallel Market by IyaTola: 10:18am On Aug 21
iampeterben:
The economy is really growing worse, but I and my family shall flourish.
Amen!
Re: Naira Down To N1,600/$ In Parallel Market by SensualMan1(m): 10:18am On Aug 21
Lol. Tinibu D'DONKEY will handle economy
SHETTIMA will handle security grin

Buhari took $$$ from 216 to N500 in 8 years, Sophisticated people accused Buhari of being a cow and brought in a Chicago trained Accountant, the accountant now took it from N500 to N1600 in just 15 months. Well it's all a plus to me and Ndi Igbo n'eme ofuma.

Please let's not forget to assist Agbado's and Ronu's with anything we can.

On your mandate we shall stand, JAG'BAN grin

18 Likes 2 Shares

Re: Naira Down To N1,600/$ In Parallel Market by obonujoker(m): 10:18am On Aug 21
Is this supposed to be good news or what?
Re: Naira Down To N1,600/$ In Parallel Market by EreluRoz: 10:18am On Aug 21
They bewitched asiwaju he's not the one in aso rock, they used juju on him. The asiwaju I know is a good man

1 Like 1 Share

Re: Naira Down To N1,600/$ In Parallel Market by Aduraworks: 10:19am On Aug 21
This is getting out of hand

3 Likes

Re: Naira Down To N1,600/$ In Parallel Market by Newton1045: 10:19am On Aug 21
We de survive

1 Like

Re: Naira Down To N1,600/$ In Parallel Market by Racoon(m): 10:20am On Aug 21
Meanwhile Cardoso and his gang of economic illiterates under the criminal druggie are now tire of using forex to defend the naira have instead turned the CBN to their cash vault of humanitarian largesse.

7 Likes 1 Share

Re: Naira Down To N1,600/$ In Parallel Market by Deeprooted: 10:20am On Aug 21
It's been exactly one year I lost my lovely Dad.


If your dad's still alive, call and appreciate him.

Fathers are the least appreciated!!!


I love my Dad so much. I'm still in pains.

13 Likes

Re: Naira Down To N1,600/$ In Parallel Market by Risingblue008(m): 10:20am On Aug 21
U see tinibu ehhh

I will vote for him for 2nd tenure,make him kukuma finish wetin him start.

Dic* sad president

7 Likes

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