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Nairaland Forum / Nairaland / General / Business / Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ (20033 Views)
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Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by NaijaCover(m): 9:47am On Apr 26 |
The naira on Thursday continued its downward trend against the United States dollar, depreciating to N1,309/$ at the official market and N1,420 at the parallel market. Source: https://www.google.com/amp/s/punchng.com/dollar-demand-pushes-naira-to-1420/%3famp 4 Likes 1 Share
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Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by NaijaCover(m): 9:48am On Apr 26 |
Another Increase Again, God Almighty Help Me 14 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Namaster: 9:53am On Apr 26 |
Tinubu did not understand the meaning of floating the Naira before they implemented it. The ARTIFICIAL Naira appreciation in the past few weeks is simply because the CBN had been furnishing BDCs with dollars at absurd rates. Now that they've been called out for depleting the Foreign Reserves by trying to defend the Naira, they've cut back a little and Naira is finding its real baseline. Fun fact: it's NOT there yet. The exchange rate will get worse. 187 Likes 13 Shares |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Boogyman557: 10:02am On Apr 26 |
Holly Gram EBIN PAWA ooo !!! LITE UP my WEED in peace WTF MAN! 89 Likes 8 Shares
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Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Honestey: 10:19am On Apr 26 |
Aisha Yesufu and her band of haters must be so happy now. She said keep your dollars closed and now we are sliding back to 1900. Good people of Nigeria must keep these enemies farrrr away from Aso Rock 29 Likes 9 Shares |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by H2ho(m): 10:20am On Apr 26 |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by johnnywayne(m): 10:20am On Apr 26 |
The upward trend begins again 6 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Anonimoux: 10:20am On Apr 26 |
Just as we knew it would rise again. 35 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Simeony007(m): 10:20am On Apr 26 |
Emi lo corn 26 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by wordbank(m): 10:20am On Apr 26 |
Reading my queen primer I go up, up l go Am I to go up? And I sing... Higher higher everyday I will lift my dollar higher everydayyyyy Degree holder in economics my foot 39 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by NOwazobia: 10:20am On Apr 26 |
No, na crypto cause am. Banned everything related with crypto and forex and see Nigeria become an Eldorado... Idiot government and its dumb, hungry foot soldiers. Atleast we can now live comfortably with the increase knowing that a decrease won't improve standard of living. 126 Likes 5 Shares |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by virginboy1(m): 10:21am On Apr 26 |
Una don start again. 2024 Year of Naira Vs Dollar rise and fall battle... I just hope last last Naira Truimphs sha 11 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by dikings(m): 10:21am On Apr 26 |
Hahehaho i laff in Otuguan. Government of the Clueless.... 26 Likes 1 Share |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Timoleon(m): 10:21am On Apr 26 |
We are handling over ... APC is teaching is a lesson. 8 Likes 1 Share |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by LadyRosa(f): 10:21am On Apr 26 |
I no go lie, the dollar rise is favouring folks around me. And I'm benefitting from it. I am at crossroad weda to pray for its rise or fall... Nigeria is gone! Forget this country. 56 Likes 2 Shares |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by israelmao(m): 10:21am On Apr 26 |
Where is Senior Advocate of Naira Appreciation,Reno?So much speculation is going on, banks and BDC need close monitoring.. 32 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by atiku4President(m): 10:21am On Apr 26 |
Hmm |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Abuja91(m): 10:21am On Apr 26 |
This is where reno comes in 8 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Thewrath(m): 10:21am On Apr 26 |
Who will they blame this time around? The thing about lieing is that you need to tell more lies to sustain the old ones Allow cards to work internationally,especially as we are not self sufficient….when everyone can easily access dollars,demand/price will reduce when supply is excess 40 Likes 2 Shares |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Anonimoux: 10:22am On Apr 26 |
Nigeria and 'short term solutions to long term problems' ehn. Who on earth uses reserves to subsidized a Foreign currency rather than looking for ways to earn the foreign currency. This country daftness dey shock me. 64 Likes 3 Shares |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Azaland: 10:22am On Apr 26 |
So, what can reduce the demand for dollar? That's the multimillion dollar question 4 Likes 1 Share
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Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by KushLyon(m): 10:22am On Apr 26 |
Maybe now they will blame bet9ja and Opay for this depreciation naira appreciated to around 1000 per dollar but it didn't reflect in the price of goods in the market, yet zombies were jubilating that their Messiah has defeated dollar 33 Likes 1 Share |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by lanre316: 10:22am On Apr 26 |
Back to where we were before. Chai! Which way Nigeria. I was hoping dollar would get back to 700 naira that Tinubu met it. 11 Likes 1 Share |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by temmyyem: 10:22am On Apr 26 |
Mystery of babylon and it lies called government continues....... 6 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by sofeo(m): 10:22am On Apr 26 |
Alright then. |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Cruzmaster: 10:22am On Apr 26 |
Make una stop jare. Tinubu has hit the ground running 😂😂😂 He's First class graduate of Accounting. From University of Chicago. He has transformed Lagos into Dubai and will replicate it in Nigeria 😂😂😂 39 Likes 1 Share |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by ShenTeh(m): 10:22am On Apr 26 |
The dollar news don dey carry blame game again a la APC style. 1 Like |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Siberia01(m): 10:22am On Apr 26 |
Reno food don done 13 Likes |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by Makunahatata: 10:23am On Apr 26 |
Boogyman557:no right thinking, hardworking adult Nigerian will find this amusing, nairaland should start removing kids like this idiot, it's so obvious den dey feed am..spits 8 Likes 3 Shares |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by TechBaron: 10:23am On Apr 26 |
Oh wow |
Re: Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ by MatrixReloaded: 10:23am On Apr 26 |
if dollar can get to 5000 per dollar 11 Likes 1 Share |
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