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Naira Down To N1,525/$ In Parallel Market - Business - Nairaland

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Naira Down To N1,525/$ In Parallel Market by ogododo: 7:23am On May 28
The Naira yesterday depreciated in the parallel market to N1,525 per dollar from N1,520 per dollar last weekend. However, the Naira appreciated to N1,339.33 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,339.33 per dollar from N1,482.81 per dollar last weekend, indicating N143.48 appreciation for the
Consequently, the margin between the parallel market and NAFEM rates widened to N185.67 per dollar from N37.19 per dollar last week Friday.

https://www.vanguardngr.com/2024/05/naira-down-to-n1525-in-parallel-market/

2 Likes

Re: Naira Down To N1,525/$ In Parallel Market by OmotolaDeniro(f): 7:24am On May 28
Ebimpawa ooooo Tinubu werey man

88 Likes 5 Shares

Re: Naira Down To N1,525/$ In Parallel Market by weMUSTsayIT: 7:25am On May 28
Pahahahahaha


Zoooooooooooooooooooooo

24 Likes

Re: Naira Down To N1,525/$ In Parallel Market by Racoon(m): 7:39am On May 28
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.

110 Likes 9 Shares

Re: Naira Down To N1,525/$ In Parallel Market by ogododo: 7:59am On May 28
Nlfpmod come see dere lies wey sey dollar don fall.

4 Likes 1 Share

Re: Naira Down To N1,525/$ In Parallel Market by Okortor: 8:18am On May 28
Do we still have reserve as it stands?

7 Likes 3 Shares

Re: Naira Down To N1,525/$ In Parallel Market by Creamypie(m): 8:18am On May 28
APC Una doh

16 Likes

Re: Naira Down To N1,525/$ In Parallel Market by dayleke: 8:18am On May 28
Unending cycle.... embarassed

4 Likes

Re: Naira Down To N1,525/$ In Parallel Market by Hndrrxxx(m): 8:18am On May 28
Gff
Re: Naira Down To N1,525/$ In Parallel Market by Kobicove(m): 8:18am On May 28
I don't like seeing this type of news on front page, it causes unnecessary panic angry

3 Likes

Re: Naira Down To N1,525/$ In Parallel Market by eliwa47(m): 8:19am On May 28
When will this yeye news of ups and downs of Naira stop? undecided

7 Likes 1 Share

Re: Naira Down To N1,525/$ In Parallel Market by Robnectar(m): 8:19am On May 28
Mhmmmm
Re: Naira Down To N1,525/$ In Parallel Market by Paparazi2011(m): 8:19am On May 28
Is this news ?
Re: Naira Down To N1,525/$ In Parallel Market by Amayabor1: 8:20am On May 28
Who do they blame and arrest this time?

22 Likes 2 Shares

Re: Naira Down To N1,525/$ In Parallel Market by Adeolajude(m): 8:20am On May 28
One year in office celebration package

20 Likes 1 Share

Re: Naira Down To N1,525/$ In Parallel Market by Gbadugbakun(m): 8:20am On May 28
Shebi Tinubu said he has stopped the bleeding. Which one con be this one na. 😒

15 Likes 2 Shares

Re: Naira Down To N1,525/$ In Parallel Market by gadgetplanetng: 8:20am On May 28
Is it Binance?

29 Likes 1 Share

Re: Naira Down To N1,525/$ In Parallel Market by GAZZUZZ(m): 8:20am On May 28
Hopefully it will crash

1 Like

Re: Naira Down To N1,525/$ In Parallel Market by emmancipated(m): 8:21am On May 28
See as the thing dey go up and down anyhow
Re: Naira Down To N1,525/$ In Parallel Market by Bizibi(m): 8:21am On May 28
The free float is not working,go back to the system of keeping the naira healthy.

11 Likes

Re: Naira Down To N1,525/$ In Parallel Market by slaawomirr: 8:21am On May 28
Damnnn niggar

Imagine

4 Likes 1 Share

Re: Naira Down To N1,525/$ In Parallel Market by BubeChi: 8:21am On May 28
cry
Re: Naira Down To N1,525/$ In Parallel Market by iwaeda: 8:22am On May 28

13 Likes

Re: Naira Down To N1,525/$ In Parallel Market by Solofresh2: 8:22am On May 28
Kobicove:
I don't like seeing this type of news on front page, it causes unnecessary panic angry
It is the reality of life you can't run away from

7 Likes

Re: Naira Down To N1,525/$ In Parallel Market by MrPADDY(m): 8:22am On May 28
Good morning, Nigeria. Sad reality, but we always find a way to navigate through.
If you are a digital merchant, you should earn more in foreign exchange. You just need the right info and tools.

1 Like

Re: Naira Down To N1,525/$ In Parallel Market by honestivo(m): 8:23am On May 28
It's obvious the handlers of our economy now not capable, no headway

3 Likes

Re: Naira Down To N1,525/$ In Parallel Market by fabolouz1(m): 8:23am On May 28
Are the mods always happy for the down spiral of the naira?
Re: Naira Down To N1,525/$ In Parallel Market by francichuks(m): 8:23am On May 28
I advise every serious Nigerian to work harder to survive and not hope on this government of d ri h,by d rich & for d rich.
D poor has been programmed to die!
...if U know: U know.

13 Likes

Re: Naira Down To N1,525/$ In Parallel Market by keymatt(m): 8:23am On May 28
Let's blame Binance! grin grin grin

8 Likes

Re: Naira Down To N1,525/$ In Parallel Market by dfrost: 8:25am On May 28
Na wa ooh
Re: Naira Down To N1,525/$ In Parallel Market by Kingluqman(m): 8:25am On May 28
Make e remain so till they launched Tapswap oo grin

1 Like

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