Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ - Business

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Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ - Business - Nairaland

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Naira Continues Free Fall On Official Window, Trades N1482.57/$ / Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window / Naira Crashes To Record Low At Official Market (2) (3) (4)

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Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by treesun: 11:26am On Oct 31, 2023

The Nigerian naira tumbled to a record low of N993.83 against the dollar at the investors’ and exporters’ (I&E) window.

The I&E window is the country’s official foreign exchange (FX) trading platform.

The FX rate represents a 25.81 percent depreciation of the local currency from the N789.94 recorded on the last trading day.

Data from FMDQ Securities Exchange, a platform that oversees FX trading in Nigeria, showed that the official window recorded a low of N475 and a high of N998 to the dollar on Monday.

FMDQ said trading opened at N794.70 and closed at the rate of N993.83; adding that the daily FX market turnover totalled $88.31 million.

Meanwhile, at the parallel section of the market, the naira sustained its recent gains, trading at N1,150 to the greenback.

Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, had said the federal government plans to introduce new FX rules, including a crackdown on illicit currency trading.

He said the government plans to clear a backlog of dollar demand estimated at about $6.7 billion, bolster the naira forward market, and set transparent rules for the operations of the official market.

On October 23, 2023, Wale Edun, minister of finance and coordinating minister of the economy, said Nigeria expects $10 billion in foreign currency inflows to ease liquidity in the foreign exchange market.

https://www.thecable.ng/naira-falls-to-record-low-at-ie-window-trades-n993/amp

5 Likes 3 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Taylor94: 11:30am On Oct 31, 2023

Please this is not the price on parallel market oo

No go meet any Aboki to sell dollar for you at 993 They’ll stab you immediately

Dollar still dey $1380 for Aboki hand oo

Just like I said if una like make una vote rubbish e go favor me pass una since una no wan get sense leave tribalism

I’m stacking bitcoin on my private wallet almost every two two days

Make economy dey spoil make Naira dey fall e dey favor me

Check the date two times coins on 28th and one received 4am this morning and you can see the name Taylor

Wahala for who no dey get dollars

LeoDeking and Yarimo make una lower una pride beg me money I go give una 200k each right now. No DM just quote this post and drop account I’ll run it at POS

If I complain una go call me chief wailer, that I’m jobless that’s why I’m always online, that I’ll wail tire

I go smile look people wey I fit feed their generation with one month bitcoin

Tinubu till 2098

133 Likes 14 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by treesun: 11:33am On Oct 31, 2023

By January 2024, many jobs will be lost,more than enough beggars to do area boys on the roads and to sleep at Bourdillion plus Armed robbers!

81 Likes 7 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by kaysi: 11:34am On Oct 31, 2023

This is certainly not the best of time for mini importers

47 Likes 4 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by ZKOSOSO(m): 11:35am On Oct 31, 2023

Tilumbumagical economics

27 Likes 3 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by treesun: 11:37am On Oct 31, 2023

ZKOSOSO:
Tilumbumagical economics

Voodoo Economy!

48 Likes 2 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Belteshazzar1: 11:55am On Oct 31, 2023

This government will favour me and my family... We shall not die but live...

72 Likes 6 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by CodeTemplar: 11:57am On Oct 31, 2023

I thought the corn-warriors said the parallel rates were overblown. Why is I&E approaching the black market now?

68 Likes 8 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by treesun: 12:25pm On Oct 31, 2023

CodeTemplar:
I thought the corn-warriors said the parallel rates were overblown. Why is I&E approaching the black market now?

What do you expect from someone with HALF BAKED education!

46 Likes 2 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by lordm(m): 1:06pm On Oct 31, 2023

Let it come down, I have an exam to pay for

4 Likes

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by treesun: 1:28pm On Oct 31, 2023

lordm:
Let it come down, I have an exam to pay for

Ehen!

1 Like 1 Share

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Kcfresh2103(m): 1:39pm On Oct 31, 2023

993 is record low? Abi I no read am well

5 Likes 1 Share

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by ambale(m): 1:58pm On Oct 31, 2023

CodeTemplar:
I thought the corn-warriors said the parallel rates were overblown. Why is I&E approaching the black market now?

Those ones are the bigger problem, they just want to brag that their candidate is president and that's all

No brains whatsoever

80 Likes 2 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Isobug: 2:36pm On Oct 31, 2023

Kcfresh2103:
993 is record low? Abi I no read am well

Not Parallel market oo

24 Likes 1 Share

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Kukutente23: 2:54pm On Oct 31, 2023

Abeg make we shift to cowries
Naira don cast!!

All thanks to APC and their agbado slaves

38 Likes 1 Share

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by treesun: 3:11pm On Oct 31, 2023

Kukutente23:
Abeg make we shift to cowries
Naira don cast!!

All thanks to APC and their agbado slaves

I cant laugh, Nlfpmod!

8 Likes

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by AchrafHakimi: 3:45pm On Oct 31, 2023

Tinubu the so-called chartered accountant is a scam.
This fraud no know anything jare. There's nothing upstairs. The old frog is an opportunist. He's only good at street level where native tongue and threats work, national governance is not for him.

40 Likes 3 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by hustla(m): 3:45pm On Oct 31, 2023

Hmmm.. And December is around the corner

3 Likes 1 Share

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Macdeey: 3:46pm On Oct 31, 2023

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Built2last: 3:46pm On Oct 31, 2023

Tinubu is working

1 Like

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by socialmediaman: 3:46pm On Oct 31, 2023

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by safarilove(m): 3:46pm On Oct 31, 2023

Dollar will soon be our local currency..Even for counter, people are now either withdrawing or depositing dollars
The foundation of APC is too faulty..the change they brought is not a good change..the results speak for itself!

15 Likes 2 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Hezzyluv: 3:46pm On Oct 31, 2023

I just smile

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Tetrahedron(m): 3:46pm On Oct 31, 2023

Am betting 1,500 before Xmas
grin

And the destruction of Nigeria under APC continues! cry

12 Likes

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Yourprick: 3:46pm On Oct 31, 2023

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Brendaniel: 3:46pm On Oct 31, 2023

Sometimes I shake my head when some people are saying that Naira is finding its real value

What is the real value of Naira?

Some people think the Naira has a maximum limit it can be devalued to

keep electing wicked leaders like Tinubu to confirm how far it can go....

28 Likes 1 Share

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Wizpa(m): 3:46pm On Oct 31, 2023

Good

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by happney65: 3:47pm On Oct 31, 2023

Anybody noticed those Bulabalu supporters no longer say this statement again

"This government shall favour me and my family"

Iya ti je ori awon werey. grin

When we told them his administration will be worst than that of Buhari they were saying otherwise

60 Likes 6 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Mindlog: 3:47pm On Oct 31, 2023

Whatever!

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Hendrixky: 3:47pm On Oct 31, 2023

It will never be well with tinubu and its sentimental and tribalistic supporters

The likes of this Muhammad are too many in Nigeria reason Nigeria will never progress
He condemned Jonathan instead of him to use that same energy to condemned tinubu
He is now saying tinubu is not a magician

Untill we reduce the numbers of the likes of Muhammad deedee we will continue to suffer and can't unite against our politicians

As at today the wage awards He promised federal workers they are yet to see it

21 Likes 3 Shares

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by smokinloud(m): 3:48pm On Oct 31, 2023

wow!.

Re: Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ by Justiceleague1: 3:48pm On Oct 31, 2023

Thanks bro to God. We pray it drops further. God help Jiggaman

1 Like 2 Shares

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