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Nairaland Forum / Nairaland / General / Business / Naira Depreciates To 1565/$ In Parallel Market (10785 Views)
Naira Depreciates To N1,305/$ In Parallel Market / Naira Depreciates To ₦1,300/$ In Official Market / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens (2) (3) (4)
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Naira Depreciates To 1565/$ In Parallel Market by UDOKABESTLUV(m): 6:28am On Feb 15 |
The naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,510 per dollar on Tuesday. Source: https://www.vanguardngr.com/2024/02/naira-depreciate-to-1565-in-parallel-market/ 1 Like
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Re: Naira Depreciates To 1565/$ In Parallel Market by UDOKABESTLUV(m): 6:29am On Feb 15 |
Dollar Dey Increase On Daily Basis, CHA E! 25 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by Omihanifa: 6:36am On Feb 15 |
If something urgent isn't don't to prevent the slide. We should be looking at 2000 naira to a dollar by December. 45 Likes 2 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by UDOKABESTLUV(m): 6:38am On Feb 15 |
Omihanifa: December Is Very Far self, Before April, E fit enter 2,000naira 123 Likes 8 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by Westerhoffe(m): 8:24am On Feb 15 |
"Nigerians have been fabulously favored by this government's policies and decisions. It has always been about putting the people first before any other things. I congratulate the government for the effective steps taken to make the country great again. It has been a wonderful time to be alive and see the country progressing gradually. I want to once again congratulate the people for voting in a competent YEH! YEH! YEH! YEH! Who wipe me 2 by 2!?" 28 Likes 1 Share
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Re: Naira Depreciates To 1565/$ In Parallel Market by nairalanda1(m): 8:24am On Feb 15 |
Well, we are here , because we did not diversify, diversify. If you want to know why we are here, this article is for you. (It was published in 2004 by the way, so not an apologia for APC..Lol. It is also strangely prophetic). The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. [b]The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty[/b] Sauce: Managing the dutch disease in Nigeria by Dr. Emmanuel Ojameruaye What we experienced from 1982 , we are experiencing now, since 2014. 6 Likes 3 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by handsomeyinka(m): 8:24am On Feb 15 |
Not looking nice ... Nigeria's are weeping.... 3 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by HeadNigga: 8:24am On Feb 15 |
Tinubu is really here to teach Nigerians to stop voting along religious and ethnic lines. This hardship should reset the brains of those saying "we will teach them a lesson" by 2027. If by 2027 you guys don't lead the campaign to vote for a credible candidate, I will gladly vote for Tinubu so that the hardship will go on. We must learn a lesson 71 Likes 4 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by EmeeNaka: 8:24am On Feb 15 |
People in the North are eating grass already, according to the news. Muslim_Muslim ticket. 68 Likes 3 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by FarmPlanetNG: 8:24am On Feb 15 |
Nigerians are too docile. They should be calling for the sack of the CBN governor and the oresident by now 53 Likes 3 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by illuminutty: 8:25am On Feb 15 |
It will favor me and my family ![]() ![]() ![]() 78 Likes 3 Shares
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Re: Naira Depreciates To 1565/$ In Parallel Market by Haydens: 8:25am On Feb 15 |
On Tinubu's balls we stand gidigba. Something must kill Nigerians. 57 Likes 3 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by Kenneth4u205(m): 8:25am On Feb 15 |
Agbado and ewa economics graduate from chicago 52 Likes 3 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by MikeMicheal(m): 8:25am On Feb 15 |
The devaluation is favouring me, Dog bless our darling president. 10,000/$ is the target inshallah. 8 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by TOPCRUISE(m): 8:25am On Feb 15 |
WTF is going on in this country. ![]() 8 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by NwaOhafia: 8:25am On Feb 15 |
"I'm not worried about exchange rate because your salary will be in Naira". Said Bola Tinubu. (23rd July, 2022) 14 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by Cutezt(m): 8:26am On Feb 15 |
Agbadorians, Even the statistics sef una no go see am chop. We will all stand on that mandate till 2080, Obi must be taught a lesson he will never forget. ![]() ![]() 57 Likes 4 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by Robinmido(m): 8:26am On Feb 15 |
Stop it. It's not funny EmeeNaka: |
Re: Naira Depreciates To 1565/$ In Parallel Market by Utanisco(m): 8:26am On Feb 15 |
Lols People from the north are eating grasses and feed on shits from cows Tinubulation 23 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by Geonigga(m): 8:26am On Feb 15 |
When you have a known drug lord of Chicago as your president what then do you expect. Baba is clueless aready 31 Likes 4 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by EverythingPhone(m): 8:26am On Feb 15 |
Which way 9ja Anyways contact me to track lost or stolen devices at an affordable fee Contact me via siggy below 3 Likes 1 Share |
Re: Naira Depreciates To 1565/$ In Parallel Market by Haydens: 8:26am On Feb 15 |
handsomeyinka: Dem go weep blood very soon. 5 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by Akwamkpuruamu: 8:26am On Feb 15 |
2000 in sight. Snatch it, grab it and run... When purpose isn't known, abuse becomes inevitable. Emilokan, they said he's been preparing for this office 20yrs ago. Na the result we de see now. Let's continue to teach Obi a lesson 31 Likes 2 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by Artscollection: 8:27am On Feb 15 |
They don abandon naira like they did to agbadorians!!! The idiots in power never considered How the economy is going to work after they devalued the naira considering the fact that minimuim wage is still below average. 10 Likes 1 Share |
Re: Naira Depreciates To 1565/$ In Parallel Market by ufotunang: 8:27am On Feb 15 |
See what APC and Tinubu has caused 🙄 10 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by SeriouslySense(m): 8:27am On Feb 15 |
Akamu and moimoi. GIven the rate of inflation and if it becomes perpetual and faithful. At the maximum this inflation will be one dollar per 2500 naira at the end of the year. At the minimum it should be at 2000 naira per dollar. 6 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by JulianBond007: 8:27am On Feb 15 |
We are getting there shortly 4 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by badoh(m): 8:27am On Feb 15 |
Please save us from this naira depreciates news everyday. Should we kill ourselves because Naira keeps depreciating? If you have better strategy and knows more than those incharge of fiscal and monetary policies, go and assist them. 3 Likes 3 Shares |
Re: Naira Depreciates To 1565/$ In Parallel Market by ClearFlair: 8:27am On Feb 15 |
Ethnic and religious bigots are Nigeria's number one problem 5 Likes |
Re: Naira Depreciates To 1565/$ In Parallel Market by QuinModah(f): 8:28am On Feb 15 |
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Re: Naira Depreciates To 1565/$ In Parallel Market by Brushstrokes20: 8:28am On Feb 15 |
👀👀👀Wow!.. # the shyyythole from fry pan to FIRE🔥🔥🔥 # eBOLA doing what he knows how to do best 👏👏👍👍👌👌 2 Likes |
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