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Naira Down To N1,520/$ In Parallel Market - Business - Nairaland

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Naira Down To N1,500/$ In Parallel Market / Naira Down To N1,525/$ In Parallel Market / EFCC Raids Speculators As Naira Drops To $1,520/$ (2) (3) (4)

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Naira Down To N1,520/$ In Parallel Market by ogododo: 9:27am On Jun 28
The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,510 per dollar on Wednesday. Similarly, the Naira depreciated to N1,510.1 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,510.1 per dollar from N1,507.83 per dollar on Wednesday, indicating N2.27 depreciation for the naira. The volume of dollars traded (turnover) in the market rose by 62.8 percent to $287.21 million from $176.39 million traded Wednesday.

Consequently, the margin between the parallel market and NAFEM rates widened to N10 per dollar from N2.17 per dollar on Wednesday.

https://www.vanguardngr.com/2024/06/naira-down-to-n1520-in-parallel-market/

2 Likes

Re: Naira Down To N1,520/$ In Parallel Market by NyamiriSlayer(m): 9:51am On Jun 28
Congrats....

7 Likes 1 Share

Re: Naira Down To N1,520/$ In Parallel Market by Realtord43: 10:06am On Jun 28
Tinubu wonder from barely 700/$ to 1500/$ in just a year

62 Likes 3 Shares

Re: Naira Down To N1,520/$ In Parallel Market by PerfectStranger(m): 10:08am On Jun 28
Naira keeps rising and falling like preeq. What an administration sad

55 Likes 1 Share

Re: Naira Down To N1,520/$ In Parallel Market by PresidObi: 10:11am On Jun 28
It is well

3 Likes

Re: Naira Down To N1,520/$ In Parallel Market by Ojuntana: 10:17am On Jun 28
Tinubunomics

Our naira has turned to tissue in our lifetime

54 Likes 1 Share

Re: Naira Down To N1,520/$ In Parallel Market by CrushObituaries: 10:20am On Jun 28
God bless Asiwaju Jagaban

2 Likes

Re: Naira Down To N1,520/$ In Parallel Market by ogododo: 11:47am On Jun 28
Nlfpmod l, we don settle for N1500 to dolapo.
Re: Naira Down To N1,520/$ In Parallel Market by mrjoeblinks: 12:29pm On Jun 28
Ehen?
.
2000/$ go just be the new normal before Tinubu leave office.




If you wan bet make we roll dice🎲

7 Likes 1 Share

Re: Naira Down To N1,520/$ In Parallel Market by ibrocool(m): 12:29pm On Jun 28
When Dollar's rate was reducing sporadically few months ago, something kept telling it will soon rise back because that's not how parallel market works. It was supposed to be gradual process which could take months and years.

Before you start getting me wrong, I sincerely want the Dollar rate to reduce but with the way we do in this country, it will be very difficult to realise that.

19 Likes 1 Share

Re: Naira Down To N1,520/$ In Parallel Market by PerfectStranger(m): 12:29pm On Jun 28
CrushObituaries:
God bless Asiwaju Jagaban

11 Likes

Re: Naira Down To N1,520/$ In Parallel Market by UrgentNeeds(m): 12:30pm On Jun 28
Is There Any Correlation Between The Price of Naira-Dollar And Naira-Crude Oil in The International Market?
Re: Naira Down To N1,520/$ In Parallel Market by Righthussle: 12:31pm On Jun 28
Na still Binance ooo.

In the 70s 1 naira was equal to 1 dollar until Binance came in 1971 and destroyed our economy.

29 Likes

Re: Naira Down To N1,520/$ In Parallel Market by DeathToRiggers: 12:32pm On Jun 28
As expected. Thunder fire Tinubu and Co.

15 Likes

Re: Naira Down To N1,520/$ In Parallel Market by Staywithbina: 12:32pm On Jun 28
ogododo:


https://www.vanguardngr.com/2024/06/naira-down-to-n1520-in-parallel-market/
There are people who have 300m dollar in nigeria
They are the one enjoying ,there are people who don’t have a single dollar to themselves,they are the ones suffering ,so what’s the lesson,buy dollar and keep ,it will always increase

8 Likes

Re: Naira Down To N1,520/$ In Parallel Market by Smartcitizen: 12:33pm On Jun 28
Hmmmm!



I REALLY DON'T KNOW WHY TINUBU SUPPORTERS ARE STILL ANGRY WITH OBI AFTER VOTING FOR A FAILURE.

SOMEBODY SHOULD TELL THEM TO CHANNEL THEIR GRIEVANCES WELL TO THE RIGHT PERSON.

29 Likes 2 Shares

Re: Naira Down To N1,520/$ In Parallel Market by Ezemarcel(m): 12:33pm On Jun 28
Who are we blaming now?... Abokifx down, binance down,

I think we should blame davido?

What do you think

41 Likes 5 Shares

Re: Naira Down To N1,520/$ In Parallel Market by StormpyBee: 12:33pm On Jun 28
Take it or leave it, the fair value/equilibrium price is now 1500/$1.

This is the new normal. The naira is now worthless, thanks to the folks that brought this govt in.

25 Likes 1 Share

Re: Naira Down To N1,520/$ In Parallel Market by Dee60: 12:33pm On Jun 28
CBN is happy they have been able to 'stabilize' the naira.

20 Likes 4 Shares

Re: Naira Down To N1,520/$ In Parallel Market by Metordman: 12:34pm On Jun 28
ogododo:


https://www.vanguardngr.com/2024/06/naira-down-to-n1520-in-parallel-market/
useless news, Jonathan left it at 200, this useless LOOTER and drug baron who has being stealing from Lagos treasury for 23yrs took it to 1,530. It will never be well with Tinubu. Hanimal

28 Likes 3 Shares

Re: Naira Down To N1,520/$ In Parallel Market by XXXsearch: 12:34pm On Jun 28
Tinimbum is a failure.
Drug man from iragbigi osun state forming lagosian.
Supreme leader of the international drug cartels
Renowned leader of all drug syndicates
Amodaogunrele who graduated from a school even before such school was founded (wow, I dough my cap ) shocked
International drug criminal

Tinimbum is a mad man

26 Likes 4 Shares

Re: Naira Down To N1,520/$ In Parallel Market by Easybet1(m): 12:34pm On Jun 28
Binance is the problem guys, Fg take fresh action against them

4 Likes

Re: Naira Down To N1,520/$ In Parallel Market by saddler: 12:34pm On Jun 28
lipsrsealed

APC of Buhari, Tinubu, Okoroawusa, Amaechi, El-Rufai, etc

9 Likes 1 Share

Re: Naira Down To N1,520/$ In Parallel Market by Wigetsolar: 12:34pm On Jun 28
grin
Re: Naira Down To N1,520/$ In Parallel Market by NzogbuNzogbu: 12:35pm On Jun 28
I have a feeling true true tinubu is a reptilian on a mission

Explain to me how he has no childhood history


Explain to me why Bill Gates are now throwing lab foods during his tenure to a deliberately improvised society

12 Likes

Re: Naira Down To N1,520/$ In Parallel Market by BobbieZion(m): 12:35pm On Jun 28
CrushObituaries:
God bless Asiwaju Jagaban

Shut up!!
Nonsense.....

Na to dey bless another pesin papa up and down.
Shey you no go pray for your own, make him see heaven because the kind buffoon that he begat is incurable.

9 Likes

Re: Naira Down To N1,520/$ In Parallel Market by Kingpele(m): 12:36pm On Jun 28
Wow
Re: Naira Down To N1,520/$ In Parallel Market by celestineteryim: 12:36pm On Jun 28
I blame bitter grieving Pandora obituary for this
Re: Naira Down To N1,520/$ In Parallel Market by Smartcitizen: 12:36pm On Jun 28
Ezemarcel:
Who are we blaming now?... About fx down, binance down,

I think we should blame davido?

What do you think


🤣🤣🤣🤣🤣🤣🤣🤣🤣

1 Like

Re: Naira Down To N1,520/$ In Parallel Market by matasinc(m): 12:36pm On Jun 28
What exactly is the problem of ds country. Revolution Now !!!

5 Likes

Re: Naira Down To N1,520/$ In Parallel Market by Smartcitizen: 12:37pm On Jun 28
celestineteryim:
I blame bitter grieving Pandora obituary for this


Before you die try to be bold as a man for once.

Face Tinubu squarely he is your problem.

11 Likes 3 Shares

Re: Naira Down To N1,520/$ In Parallel Market by NzogbuNzogbu: 12:38pm On Jun 28
Smartcitizen:
Hmmmm!



I REALLY DON'T KNOW WHY TINUBU SUPPORTERS ARE STILL ANGRY WITH OBI AFTER VOTING FOR A FAILURE.

SOMEBODY SHOULD TELL THEM TO CHANNEL THEIR GRIEVANCES WELL TO THE RIGHT PERSON.
oga, tinubu supporters are using insecured obidients to catch cruise

I don't know why una need their validation to accept obi

They have a dummy for president and would do anything to divert attention which you guys give them

10 Likes

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