Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,157,071 members, 7,832,613 topics. Date: Sunday, 19 May 2024 at 05:44 AM |
Nairaland Forum / Nairaland / General / Business / FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours (28846 Views)
Naira Depreciates By ₦81/$ At Foreign Exchange Market / FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom / Economic Crisis: Naira To Fall Further In January, Says CBN Report (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by ogododo: 6:47pm On May 05 |
The Naira depreciated by N130 against the United States dollar at the parallel foreign exchange market on Sunday. https://dailypost.ng/2024/05/05/fx-crisis-naira-depreciates-by-n130-against-dollar-in-24-hours/ 4 Likes
|
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by helinues: 6:48pm On May 05 |
Toh 82 Likes 1 Share |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by LibertyRep: 6:50pm On May 05 |
What or who's to blame this time around? Sighs. 65 Likes 2 Shares |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Caramia2020(m): 6:59pm On May 05 |
Dollar dollar everyday made me remember the movie called one dollar. 50 Likes 2 Shares |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Dialpad: 7:01pm On May 05 |
Let's wait till Monday when market resumes 4 Likes |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by nairalanda1(m): 7:02pm On May 05 |
Strong currency nations are nations that export manufactured goods and services, and allow the free market to operate 168 Likes 8 Shares |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by descarado: 7:04pm On May 05 |
Just like that, Nigerians have accepted this anomaly. 108 Likes 2 Shares |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Dubetex96(m): 7:06pm On May 05 |
LibertyRep: Crypto currency 24 Likes |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by nairalanda1(m): 7:12pm On May 05 |
descarado: By August 2022, debt servicing was eating 90% of our revenue. Tinubus partial removal of subsidy reduced that to 63% . It's probably gone up again. Plus we had a drop in oil prices meaning we ended up borrowing to survive for 7 years or more while paying subsides. Result...debt eating 90% of our revenue. I wish that apc lost in 2023, but when 3 candidates are saying that subsidy would go, something's up. Anyway , we need to do what the big nations do. Pity I don't see tinubu doing it. 70 Likes 1 Share |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by ClearFlair: 7:19pm On May 05 |
@helinues freestuffsng Biodun556 and Yarimo will have a good explanation for this 93 Likes 4 Shares |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by helinues: 7:27pm On May 05 |
ClearFlair: Make your comments without always seeking our validation. Thank you 70 Likes 1 Share |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by ClearFlair: 7:30pm On May 05 |
helinues: Your validation is worth nothing, but the fact that you're enjoying in this economy is good motivation for your fellow APC supporters. I'm just helping them to avoid depression 159 Likes 14 Shares |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Racoon(m): 7:40pm On May 05 |
Consumption without production is not making the naira to do any magic. The dollar will continue to have the upper hand. 16 Likes |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by OkCornel(m): 7:59pm On May 05 |
helinues: This is not what Jagaban promised Nigerians in April 2023 47 Likes 3 Shares
|
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by CodeTemplar: 8:05pm On May 05 |
helinues:Tah 30 Likes |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by bassdow: 8:13pm On May 05 |
u |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by bassdow: 8:13pm On May 05 |
bassdow:ii |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by bassdow: 8:13pm On May 05 |
bassdow:ooo |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by oluwaseyi0: 8:13pm On May 05 |
Nawa ooo 1 Like |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by ShoeGetSize: 8:13pm On May 05 |
33 Likes 1 Share |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Stayingalive: 8:14pm On May 05 |
FreestuffNG Abeg come help us do small explanation here o. Cause this rise and fall no dey align again o 11 Likes 2 Shares |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by obi4eze(m): 8:14pm On May 05 |
Ok na 1 Like |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by ogododo: 8:14pm On May 05 |
Lakuli ki bannya. |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by SeeWahala: 8:15pm On May 05 |
Haha 😄 agbad0 ronu squad won't ever post on this threads 1st page. They will wait till its 2nd or 3rd pages to send in their corn warriors to enter and start abusing everybody calling them enemies of nigeria, ipob and igbos. BDCs have their own exchange rate Customs have their own exchange rate Banks have their own exchange rate Crypto is affecting all the exchange rates See this unfortunate agbad0 man below me and his own take on matters arising very predictable. He says his tilumbu is still barking and very soon he will start to bite OkCornel: Did tilumbu promise anybody anything? Even debate him dodge all of them and you're expecting miracles from whom? 26 Likes
|
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by StOla: 8:15pm On May 05 |
The government is still barking, not biting as we have advised numerous. 1 Like 1 Share |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by SensualMan: 8:15pm On May 05 |
CORNtree people are u reaaaaaaaddyyyyy?? ?? ? ? ? Una go chop leaves and cassava stem kwete n'ona emé! Sophisticated people I swear for una papa and una papa no go stop to dey scream Ebi n pawa ooo! On your mandate we shall stand! 28 Likes 2 Shares
|
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by LandMann: 8:15pm On May 05 |
If someone told me that Buhari's government would be better than anybody's government after him in this country I would never believe it. But it turns out that the certifcateless duara dullard is 1000x better than this fraud from God knows where that is determined to strip Nigerians completely naked and wear the masses a garment of poverty. If you have the means please run from Nigeria now cos Tinubu and his government of propaganda is not yet satisfied with the suffering level in the country. 47 Likes 2 Shares |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by callmevirus(m): 8:16pm On May 05 |
ClearFlair: Leave those goats let it be about Peter Obi, you will see their silly comments 43 Likes |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by ZombieTAMER: 8:16pm On May 05 |
it's getting there Gradually and steadily Tinubu vowed to continue where Buhari stopped indeed 25 Likes 1 Share |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Toluwalase12345(f): 8:17pm On May 05 |
Fb |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Donaldoni: 8:17pm On May 05 |
This is news is not accurate I just checked BYBIT. It's NGN1,388 NAFEX now controls the rate at the parallel market. As at Friday, the rate was NGN1,400 at NAFEX and the parallel market was NGN1,290. Today, they have converged. 1 Like |
What Can You Do To Make Money? / **BUY/SELL: PAYONEER, SKRILL, PM, NETELLER. Instant Payment by MOBILE TRANSFER! / NIN/BVN: Opay To Log Out Accounts By March 1, Issues 5m Cards
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 33 |