The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,735 per dollar last week Friday.

But the Naira depreciated to N1,676.9 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,676.9 per dollar from N1,666.72 per dollar last weekend indicating N10.18 depreciation for the naira.

The volume of dollars traded (turnover) in the official market declined by 15.6 percent to $79.47 million from $94.2 million traded last week Friday.

Consequently, the margin between the parallel market and NAFEM rate narrowed to N48.1 per dollar from N68.28 per dollar last weekend.

Source: https://www.vanguardngr.com/2024/11/naira-appreciates-to-n1725-in-parallel-market-2/

When Will This Dollar Rate Drop To 1,000Naira

Thanks for bringing this to our attention
It must depreciate by Friday

Mark my words

Last Friday person pay me $10 Opay gihme 17k sharp ,.. Nigeria my country ahhh e dey pain me

VeryWickedBro:
Thanks for bringing this to our attention
It must depreciate by Friday

Mark my words

#10 difference? APC is a disgrace

Yeye Doyin okupe Should come and clap for this failure.

2k by December

God bless the good people of Southsouth and Southwest

Appreciate indeed. May God rescue us from this government

If you can buy rush now to buy this evening it will be 1970

Few days ago, it appreciated to that same value.

Despite all the prayer and vigils....

He never come to N200 yet?

I can't believe the naira will get to this level

Where are the economist claiming it will strengthen to 1200/$ by the end of 2024? This one wey me I dey look like this... Hmmm

when u hear appreciate

ShinjaWWest:
2k by December

God bless the good people of Southsouth and Southwest

it has been eading for N2k siince last year. I am sure if you had invested in business, your N1k would have grown to N5k by now yet dollar is still below N2k.

Lmao 🤣

Hehehe! Shege promax still continuing

Ikaeniyan0:
I can't believe the naira will get to this level

Where are the economist claiming it will strengthen to 1200/$ by the end of 2024? This one wey me I dey look like this... Hmmm

Reno comes to mind

Is this the definition of appreciate?

MummyImadeit

I guess you have become corrupt as well. Nigeria has gotten to you too. What do you gain from posting false rates?

ShinjaWWest:
2k by December

God bless the good people of Southsouth and Southwest

Till January when pressure will be high on dollars

Meanwhile, be rest assured that Naira will depreciate to a minimum of 1850 by next year June.

Appreciate?

So it had even depreciated beyond N1,700?

I saw this same exact figure 1725 sometimes last week. Then it was a depreciation to 1725. But today it's an appreciation. na wa.

Dollar in Nigeria has different rate

There is the Bank rate, CBN official rate (audio rate - yes you only hear it, you dont see it), media rate, NAFEM rate, NAFEX rate and Aboki rate. That last one is the real rate, on the field which everybody applies. It's always the lead rate, unregulated and anyhowish like that

You imagine

Is this what you call appreciation? Meaningless. Nonsense.

If Naira appreciate it will only be 10kobo difference


but if Naira depreciate it will be N200 difference... is dat not witchcraft

Wailers coming