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Naira Depreciates To ₦‎1,750/$ In Parallel Market - Politics - Nairaland

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Edo Guber: Confusion As PDP Produces Two Candidates In Parallel Primaries / Naira To Reach ‘fair Value’ Of 750/$ By Year-end 2023 – Oyedele / Naira Set To Hit N500 At Parallel Market After CBN Devaluation (2) (3) (4)

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Naira Depreciates To ₦‎1,750/$ In Parallel Market by ogododo: 9:23pm On Nov 22
The Naira on Friday depreciated to N1,750 per dollar in the parallel market from N1,745 per dollar on Thursday.

But the Naira appreciated to N1,652.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.


Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,652.62 per dollar from N1,658.67 per dollar on Thursday, indicating N6.05 appreciation for the naira.



The market recorded an intraday high of N1,703 per dollar and an intraday low of N1,640 per dollar

The volume of dollars traded (turnover) grew by 48.5 percent to $243.05 million from $163.66 million traded on Thursday.

Consequently, the margin between the parallel market and NAFEM rate widened to N97.38 per dollar from N86.33 per dollar on Thursday.
https://www.vanguardngr.com/2024/11/naira-depreciates-to-n1750-in-parallel-market/

1 Like

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by 10mobile: 9:29pm On Nov 22
I shall not fear any evil news.

2 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by MrAmbrose(m): 9:30pm On Nov 22
Hmmmmm.... It's not getting any better.

6 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by agulion: 9:33pm On Nov 22
Is ok, we Yoruba Muslims are in full support of Seyi Tinubu as the next governor of Lagos state, his father Bola Tinubu builth Lagos and Seyi will build more inferstructure in Lagos

52 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by Fapemz: 6:06am
shocked
Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by DeltaBachelor(m): 6:07am
Hmmmm. Naija o. One step forward, 10 steps backward

5 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by God1000(m): 6:08am
Which way Nigeria?

7 Likes 2 Shares

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by MondayOmoAdugbo(m): 6:08am
cry
Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by Kingbenn(m): 6:08am
Abeg, if you know any legit means of earning in dollars, abeg share me the update. I can't continue like this

19 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by Angelfrost(m): 6:09am
#2000 to $1 by December ending is beginning to look more and more inevitable...!

More businesses will bite the dust.


This adjustment phase should do and end o.

Cos, the earning power of over 80% of the population can't handle it.

22 Likes 2 Shares

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by ecomjourney: 6:10am
I miss the good times

1 Like 2 Shares

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by morikee: 6:10am
Like play like the margin between Parallel Market and NAFEM don dey increase even with the floatation

6 Likes 1 Share

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by kingi777: 6:12am
They said Dangote refinery would crash the dollars and make petrol cheaper since there won't be importation. Nigeria needs a selfless and God fearing leader.
This is one of the strategies to reduce the purchasing power of Nigerians. May God Almighty deliver us.

38 Likes 2 Shares

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by AlabiKILLER2021(m): 6:12am
E-bola Tinubu and his entire house hold should die a painful death

27 Likes 3 Shares

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by zereuwa: 6:12am
No single improvement 😞

11 Likes 1 Share

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by gbengene1234(m): 6:18am
By now, them suppose don fire that stupid cbn chairman. He is just a failure pampered by the President.

13 Likes 1 Share

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by sotall(m): 6:19am
tongue
One step forward, ten steps backwards.

7 Likes 1 Share

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by iLoveYouToo(m): 6:25am
This is being manipulated

36 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by Sheuns(m): 6:25am
By December 2025, the news will be Naira depreciates to 2,500 to a dollar.

13 Likes 2 Shares

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by hassinho707(m): 6:27am
Seun, thanks so much for naira to dollar updates...

Poor countries like Pakistan and India currencies to dollar are all very low, why is Nigeria own like this?
Some people are saying we are not exporting anything, please what are Indians and Pakistanis and other countries whose currencies to dollars are okay producing?

17 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by occfx: 6:28am
ogododo:

https://www.vanguardngr.com/2024/11/naira-depreciates-to-n1750-in-parallel-market/

As far as Simon ekpa has been arrested. Naira will start appreciating in the coming weeks. He was the cause of insecurities and economic woes in Nigeria. Fuel will come down soon. By the time he is deported in Nigeria. 1 naira will become 1$

3 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by Yankee101: 6:32am
Old story
Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by idanone(m): 6:34am
You mean the unstable naira? Is the president even stable.

5 Likes 1 Share

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by Jaylord12(m): 6:35am
You will not see those set of unreasonable supporters here...

17 Likes 1 Share

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by ACHILLES45: 6:41am
Tilumbu is a failure

18 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by cjudy(m): 6:43am
1800 get ready.

5 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by tete7000(m): 7:00am
Does it mean that these increases will continue forever? What a failed government we have.

11 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by anataala: 7:00am

1 Like

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by press9jatv: 7:02am
It will reach 2k per dollar before we enter 2025

7 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by tunapawizzy: 7:09am
tete7000:
Does it mean that these increases will continue forever? What a failed government we have.

grin grin grin grin tinubu dey act like who get capacity to stop am?

6 Likes

Re: Naira Depreciates To ₦‎1,750/$ In Parallel Market by Snake001: 7:09am
Nawaoo

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