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Nairaland Forum / Nairaland / General / Business / Naira Down To N1,505/$ In Parallel Market (9123 Views)
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Naira Down To N1,505/$ In Parallel Market by ogododo: 8:01am On Jun 25 |
The Naira yesterday depreciated in the parallel market to N1,505 per dollar from N1,495 per dollar last weekend. Similarly, the Naira depreciated to N1,490.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.https://www.vanguardngr.com/2024/06/naira-down-to-n1505-in-parallel-market/ 2 Likes 1 Share
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Re: Naira Down To N1,505/$ In Parallel Market by Bobloco: 8:03am On Jun 25 |
I am still waiting endlessly when the naira will exchange below #1000 for a dollar, as was promised by the BATerians. I hope I will not be labeled as being bitter, a hater, and an enemy of progress because my candidate lost for being hopeful and optimistic about the naira appreciating and exchanging below #1000 for a dollar. 82 Likes 3 Shares |
Re: Naira Down To N1,505/$ In Parallel Market by komzy589(m): 8:18am On Jun 25 |
And I wanted to change dollar on Wednesday. Mr Tinubu, abi make I wait?š¤ 2 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by Skydivine: 8:18am On Jun 25 |
Tor! |
Re: Naira Down To N1,505/$ In Parallel Market by phoneport(m): 8:18am On Jun 25 |
Agbado economics Tinubu built Lagos people where una dey E nor fit build naira 60 Likes 3 Shares |
Re: Naira Down To N1,505/$ In Parallel Market by ZUKKYY(m): 8:18am On Jun 25 |
Bobloco:those enemies of this country will come for you and say you're Igbo 48 Likes 2 Shares |
Re: Naira Down To N1,505/$ In Parallel Market by Freelancer007(m): 8:18am On Jun 25 |
Hh |
Re: Naira Down To N1,505/$ In Parallel Market by komzy589(m): 8:18am On Jun 25 |
Foreign reserve cannot come to the rescue again? 1 Like |
Re: Naira Down To N1,505/$ In Parallel Market by OkCornel(m): 8:18am On Jun 25 |
Clears throat. I just want to remind us that in April 2023, Tinubu promised Nigerians that the naira will exchange for 300 to the USD in the āshort termā. This is June 2024. 33 Likes 1 Share
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Re: Naira Down To N1,505/$ In Parallel Market by DagashSamson: 8:18am On Jun 25 |
For an import dependent economy its not surprising. They kept deceiving gullible Nigerians that Dangote refinery will change the dynamics. Dangote is selling Jet A1, diesel into Nigeria market at the moment, and will soon start selling petrol yet we are still where we are. Naira depreciation is a result of high import and corruption driven demand. Majority of Nigerians are battling to survive, but the few in government loot so much and convert to dollars. This and import are the majore reasons driving naira depreciation. The political class is largely responsible for where we are as a country. 16 Likes 1 Share |
Re: Naira Down To N1,505/$ In Parallel Market by Kobojunkie: 8:18am On Jun 25 |
ogododo:Down ke? The naira has been hovering around $1500 for the past month or two. Where is this news coming from? 2 Likes 1 Share |
Re: Naira Down To N1,505/$ In Parallel Market by Semizy: 8:18am On Jun 25 |
Where are we going to |
Re: Naira Down To N1,505/$ In Parallel Market by omoredia: 8:18am On Jun 25 |
when Nigerians become wiser (im not talking of our worthless certificates now) the leaders will become better. simple as that. 18 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by Thewrath(m): 8:19am On Jun 25 |
Itās āfavoringā some lunatics and their familiesā 13 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by SpaceX: 8:19am On Jun 25 |
Tinomics is working all he needs is more time to end the Nation Tigeria. 11 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by Smartcitizen: 8:20am On Jun 25 |
Chai! GRADUALLY THEY WILL GET TIRED OF PROPAGANDA AND BY THAT TIME, NA PUBLIC BEATING GO FOLLOW. 5 Likes 1 Share |
Re: Naira Down To N1,505/$ In Parallel Market by Sergio103(m): 8:21am On Jun 25 |
Find a way to be earning in dollar Especially the students here. Yahoo will never stop with this trend Nigeria is messed up 7 Likes 1 Share |
Re: Naira Down To N1,505/$ In Parallel Market by Racoon(m): 8:21am On Jun 25 |
Reality is still getting clear. Balabloo-blu-bulava drug baron economy. 2 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by gratiaeo(m): 8:22am On Jun 25 |
Tinubu the worst thing that happened to Nigeria after Buhari 8 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by Ojuntana: 8:22am On Jun 25 |
Meeehn Tinubulation is real Bobloco: They have quietly discarded those predictions of third quarter or 1st quarter 2024. I remember the phrase "fair value" from Messrs grandstar and Legendhero last year. They bombarded everyone with how naira will stabilise at 800 per dollar. Today they have all gone mute and there's no talk of fair value anymore. Can anyone check if the naira is still floating in these troubled waters? 12 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by uchwar1: 8:23am On Jun 25 |
Pls ooo they should leave our foreign reserve to breath this time around. The last abracadabra didn't work 1 Like |
Re: Naira Down To N1,505/$ In Parallel Market by Jahwinaboy(m): 8:23am On Jun 25 |
Na wa o |
Re: Naira Down To N1,505/$ In Parallel Market by davidtemi(m): 8:23am On Jun 25 |
I shake my head 1 Like |
Re: Naira Down To N1,505/$ In Parallel Market by Riskymarvelous(m): 8:24am On Jun 25 |
Exchange rate will stay there unless we vote out APC 1 Like |
Re: Naira Down To N1,505/$ In Parallel Market by Cj4charles(m): 8:24am On Jun 25 |
First class in fake Accounting no be una matešš¤£ 6 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by ibabz(m): 8:24am On Jun 25 |
Bobloco: only fools like BATerians do the same thing repeatedly and expect different result. I thought they said that Binance caused the free fall of Naira, I wonder what their next excuse would be. bunch of idiots 11 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by EyeCumInPiss: 8:25am On Jun 25 |
No wahala. The Coastal Highway will bring foreign investors. The new abi old national anthem with help cure hunger. And daddy GO don talk am, one dollar will soon equal ā¦1 Fellow Nigerians, happy Tinubulation. 11 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by Streetdoctor: 8:28am On Jun 25 |
I HV observed that his online warrior are no longer commenting again, about Dem dun stop paying their stipend? D likes of maldridguy dun make uturn 4 Likes |
Re: Naira Down To N1,505/$ In Parallel Market by hisgrace090: 8:29am On Jun 25 |
The destructive fire continues. |
Re: Naira Down To N1,505/$ In Parallel Market by Lithiumite: 8:29am On Jun 25 |
Riskymarvelous:What would your any other party do better......in normal climes,this should discourage imports there by leading to more local production and encourage export......but we are having complex problems in Nigeria. |
Re: Naira Down To N1,505/$ In Parallel Market by Inspirer1: 8:30am On Jun 25 |
We shall overcome. |
Re: Naira Down To N1,505/$ In Parallel Market by Kingrshd3: 8:30am On Jun 25 |
It's even better and I can't wait for it to become 2000 per dollar so we can stop importation by all means and try to produce what we want to use and consume and also consume what we produce in vice versa |
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