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Exchange Rate Quotes For ₦1,100 At Parallel Market - Business - Nairaland

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Naira Continues Appreciating Against Dollar, Sell At ₦‎1,100 / New Exchange Rate? / Naira Appreciates, Sells At N361.5 Per Dollar At Parallel Market (2) (3) (4)

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Exchange Rate Quotes For ₦1,100 At Parallel Market by KillIgbohoN0W: 12:40pm On Oct 18, 2023
The exchange rate between the naira and dollar fell to N1,100 on the black market according to traders who sell forex per inflow.

Nairametrics obtained this morning quotes from select traders who confirmed quotes between N1,100-N1,110 for inflow. Inflows are forex transactions sold or bought over the wires.

The exchange rate at the official Nigerian Forex Market fell to the lowest ever point of N848/$1 on Tuesday marking a turning point in Nigeria’s exchange rate crisis.

This is a developing story….

Source: Nairametrics

2 Likes

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Astronaut00(f): 12:42pm On Oct 18, 2023
Ok

5 Likes 2 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Proudlyomonna: 12:44pm On Oct 18, 2023
grin Tinubu is a maximum clueless disaster grin

Before that criminal will launch the Banzia phrase hunger go don shift some people waist oo grin

May the strongest survive.

277 Likes 23 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by SalamRushdie: 12:50pm On Oct 18, 2023
Tinubu is a disgrace to the south .
Imagine Buhari being economically better than U

244 Likes 19 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by iwaeda: 12:53pm On Oct 18, 2023
KillIgbohoN0W:



Source: Nairametrics

Mynd44 seun nlfpmod

Tinubu has collapsed the economy. grin grin grin grin grin

160 Likes 13 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by CodeTemplar: 1:09pm On Oct 18, 2023
That's part of the plan to grow(or rather swell) the economy.
Maintain lower forex rates then allow inflation ravage the country until 1USD goes for N2500. After that, calculate the size of the economy by computing Naira value of economy divided by lower I&E rates N770.

Tinubu is a genius indeed. He built Lagos and will do so for Nigeria.

66 Likes 7 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by YouandiAllofus: 1:36pm On Oct 18, 2023
The economy is heading for a total collapse.
Mainwhile, South Africa is preparing to displace Nigeria as Africa's biggest economy.

156 Likes 11 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by MetroLane: 2:03pm On Oct 18, 2023
When They said we'll miss Buhari, una think say na play.....


Pepper don enter their eyes, even agbadorians no dey see better days again.

If you counter them about Tinubu's bad policies, they'll tell you PO would've have done the same.

Well if he would've done the same, then why didn't you vote him in?

You guessed the Answer right---- TRIBALISM

187 Likes 16 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Hollyharjii: 2:03pm On Oct 18, 2023
Can this economy still be redeem?

It looks like it's getting worst and worst per hours if not minutes

36 Likes 1 Share

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Taylor92: 2:04pm On Oct 18, 2023
Tinubu is the most useless human being on earth



Tinubu you’re over 90yrs please don’t ruin the future of the young people



Instead of you to ruin 260million lives it’s better you kick bucket before 2024



I’m so sad right now

145 Likes 8 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Sabadon(m): 2:04pm On Oct 18, 2023
It will favor me and my family grin

60 Likes 3 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Treadway: 2:04pm On Oct 18, 2023
Grandstar, remember this your post below when we had a riveting discussion in July in this thread below? How competent is the CBN so far, and how has inflation been arrested so far 4 months after??
https://www.nairaland.com/7769524/620-per-litre-isnt-what/13#124544003
grandstar:


I like your response.

However, you may find this hard to believe but there is nothing to fear. A very competent CBN governor will arrest the Naira's fall and inflation spiral.

Tinubu has a history of appointing very competent technocrats and I am sure this will be no different. He should however hurry up!
Gerrard59, on one of your points/axioms, I completely yield today 18/10/2023💯. Truly and evidently you can NEVER lose betting against Nigeria true true. I exchanged some of my dollar stash a day before Cardoso lifted the ban on 43items. I still had some sort of optimism that despite the fact that I knew/know the guy is a dud, I thought he would still whip up some market sentiment that would create FUD driving the rate down a bit for like a month. I no know say he go pour petrol inside fire. I exchanged it at 1030, and less than a week later we are at 1070/1075 with 1200 very likely by next week. Smh

19 Likes 4 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by AngelicBeing: 2:04pm On Oct 18, 2023
heading gradually to 1500 naira on or before MARCH 2024 and if the economic egg heads led by The APC led federal criminals continue without a corresponding viable ways to stimulate the economy, naira will likely be 2500 naira to 3000 naira to a Dollar in December 2024 shocked

38 Likes 7 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by LikeAking: 2:04pm On Oct 18, 2023
Only Tinubu can do this..

12 Likes 2 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Kpartners: 2:04pm On Oct 18, 2023
KillIgbohoN0W:


Source: Nairametrics

I said in June just a few days after President Tinubu took over that this year will be the saddest for Nigerians, because using artificial intelligence we discovered that both dollars and fuel will all be above 1,000 naira by December 2023, and if not for the return of fuel subsidy both predictions are correct
It will not get better soon and I am sorry it is the plain truth
And don't forget Dangote is now a fuel importer

26 Likes 2 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by DrAkpamudehe: 2:05pm On Oct 18, 2023
CodeTemplar:
That's part of the plan to grow(or rather swell) the economy.
Maintain lower forex rates then allow inflation ravage the country until 1USD goes for N2500. After that, calculate the size of the economy by computing Naira value of economy divided by lower I&E rates N770.

Tinubu is a genius indeed. He built Lagos and will do so for Nigeria.

grin
Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by cassyrooy(m): 2:05pm On Oct 18, 2023
It is well
Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by BarrElChapo(m): 2:05pm On Oct 18, 2023
🤔
Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Unittyy: 2:05pm On Oct 18, 2023
Best time to earn in dollars. Shout out to all forex traders in the house...

24 Likes

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by OkCornel(m): 2:05pm On Oct 18, 2023
Ignore the fake news. Naira is trading for 300 to the USD just as Tinubu promised earlier in April this year.


https://hallmarknews.com/president-tinubu-seeks-urgent-reform-in-monetary-policy-regime/amp/

USD will exchange for 200 naira next year.

Tinubu is a genius. Tinubu till 2031

21 Likes 3 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by southsouthking(m): 2:05pm On Oct 18, 2023
😂😂😂😂

1 Like

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by braxjay(m): 2:06pm On Oct 18, 2023
Naira to Nigerians:
I am going higher yes I am
I am going higher this year
I am going above the shadows
Into the realm of greatness
I am going higher yes I am
I am going higher this year

16 Likes 2 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Chetas81(m): 2:06pm On Oct 18, 2023
WHERE IS YOUR PRODUCTION LINE, EVERYONE SPEAK ENGLISH WITHOUT THINK WHAT THE ENGLISH CAN DO

1 Like

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Hezmatosky: 2:06pm On Oct 18, 2023
Its ok, we're heading there.
Any thing yoruba, I wash my hands angry

24 Likes 3 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by kristian98(m): 2:06pm On Oct 18, 2023
D
Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by money121(m): 2:06pm On Oct 18, 2023

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by NaijaCrusader: 2:06pm On Oct 18, 2023
And someone will come out to say that people are praying or happy for the government to fail. The APC policies are simply not working and something should be done ASAP please.

Dollar rate fuel prices are two critical things in our economy and so far this administration is handling both very poorly




KillIgbohoN0W:


Source: Nairametrics

10 Likes 1 Share

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Babangidapikin: 2:06pm On Oct 18, 2023
They might be an implosion the way things are going...

11 Likes 2 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by DeTruthh: 2:06pm On Oct 18, 2023
Tinubu is a disaster. If care is not taken, we may miss Buhari.

22 Likes 1 Share

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by Ozommadu: 2:07pm On Oct 18, 2023
Seunmsg sh^me on you for supporting évil government

Yarimo and benuejosh karma is coming

35 Likes 2 Shares

Re: Exchange Rate Quotes For ₦1,100 At Parallel Market by GanagiBitrus: 2:07pm On Oct 18, 2023
Only way, the hard way...

We must go back to the basics - fight corruption & insecurity, provide stable power and other stimulants to boost local production, investments, industry & agriculture.

4 Likes

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