The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.

At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at 422.07/$1.

The naira had depreciated by 0.19 per cent to 415.10/$1 on Wednesday after closing at 414.30/$1 on Tuesday.

At the parallel market, the dollar was bought at N565 and sold for N570, according to some operators in the black market.

The Central Bank of Nigeria, however, maintained N410.91/$1 as its official rate on its website.

In July, the CBN stopped forex sales to the Bureau de Change operators and assured that it would supply forex to legitimate users through the banks.

https://punchng.com/naira-crashes-to-record-low-at-official-market/

@61 everything about Nigeria is RETROGRESSION. Regression an attribute of a failed country like Nigeria

Up till this present moment, some people still sing the evergreen song “Nigeria go beta”

Pity yourself if you still have hope in this country, because your village people used you as your own enemy.

this parallel market thing must stop....

greed for dollars is destroyin the naira....

Hmmm

nigeria produces too little to attract dollars....

devaluein it makes no sense,like for china,japan and others that are export concentrated....

Go to black market now, it will be 1$ to #600

Toh

Naira is lower than that

Hezzyluv:
Go to black market now, it will be 1$ to #600

better una forget this black market thing,or else na you nigerians will still suffer it....

if nigeria would be producin like china,japan,singapur,hongkong it would make sense....

but producin praticaly nothing and allowin your currency to devalue,nigeria could end like zimbabawe....

It has been selling for 570 for three weeks now

And the vegetable also placed Nigeria in the midst of never do well Islamic shithole terror hell countries

Pls how do we help the naira to gain back what it lost

bewla:
Pls how do we help the naira to gain back what it lost

By taking the vegetable from the seat of affairs

His policies is killing this corn tree

The only thing this government use loans and investment for is funding of Boko Haram and paying ransom

tsdarkside:


better una forget this black market thing,or else na you nigerians will still suffer it....

if nigeria would be producin like china,japan,singapur,hongkong it would make sense....

but producin praticaly nothing and allowin your currency to devalue,nigeria could end like zimbabawe....

How do we produce when the jihadist Terrorist is killing businesses

Below is a thriving company that was producing tin tomatoes before the diaster emergence

Nadaken:
By taking the vegetable from the seat of affairs

His policies is killing this corn tree

The only thing this government use loans and investment for is funding of Boko Haram and paying ransom

thank you what other options do we have apart from this one

bewla:
thank you what other options do we have apart from this one

Taking the jihadist from the helm of affairs

No other solution would work because he is bent on crippling the economy without taking any recommendations

If there was option to Short the NGN against USDT in Binance Futures...

tsdarkside:


better una forget this black market thing,or else na you nigerians will still suffer it....

if nigeria would be producin like china,japan,singapur,hongkong it would make sense....

but producin praticaly nothing and allowin your currency to devalue,nigeria could end like zimbabawe....

Agree without reservation.

Nadaken:
Taking the jihadist from the helm of affairs

No other solution would work because he is bent on crippling the economy without taking any recommendations

Instead of the Nigerian Government to find ways in helping companies, all they do care about is taxing and taxing.

Imagine the numbers of people that will be sent out of work with companies like Erisco closing down their factories.

Where you wan even seen cheap tomatoes to buy in the North sef, when most farmers can't even go to their farms.

Nadaken:
Taking the jihadist from the helm of affairs

No other solution would work because he is bent on crippling the economy without taking any recommendations

thank you once again

I no get issue with this man

And I wan do endsars anniversary in my house
You no what that means

So surjest To me another way

DubaiLandLord2:
Instead of the Nigerian Government to find ways in helping companies, all they do care about is taxing and taxing

It's social media and online companies they are after now

Operation collect tax by all means to fund Boko Haram and buy trains generating #1billion collecting #64billion maintenance

Nadaken:
How do we produce when the jihadist Terrorist is killing businesses

Below is a thriving company that was producing tin tomatoes before the diaster emergence

you moroon....na you importers that are harmin the naira....are you daft....??

if you cant sell,better you dont buy too much....

you earn practicaly nothing,but you want to have everything....

what type of lala phantasy world you nigerians even live sef....??

tsdarkside:


you moroon....na you importers that are harmin the naira....are you daft....??

if you cant sell better you dont buy too much....

Get well soon on your rehabilitation

Buhari don put this country for coma

Nadaken:
Taking the jihadist from the helm of affairs

No other solution would work because he is bent on crippling the economy without taking any recommendations

soon he is gone....soo,whats the point....??

you mean forcin him out now now before his tenure is over....??

do you even understand how much that will damage the fragile nigerian democracy....??

tsdarkside:


soon he is gone....soo,whats the point....??

you mean forcin him out now now before his tenure is over....??

do you even understand how much that will damage the fragile nigerian democracy....??

That's why you have the Senate

That's why you have impeachment

One man can not hold a nation to seige because he must complete his "tenor"

Nadaken:
Get well soon

i suspect you are igbo....things like this una just dont understand....

you south easterners are soo infested with greed that you dont even see the damages you are coursin....

tsdarkside:


i suspect you are igbo....things like this una just dont understand....

you south easterners are soo infested with greed that you dont even see the damages you are coursin....

l am not Igbo

I suspect you had nightmares of them yesterday night

It's not good for your rehab

Nadaken:
l am not Igbo

I suspect you had nightmares of them yesterday night

It's not good for your rehab

but you reason like an igbo....

a yoruba would not talk like this and a northerner would not even bother to argue like you....

tsdarkside:


but you reason like an igbo....

a yoruba would not talk like this and a northerner would not even bother to argue like you....

This boy you need to have sense o

Is mental intellect and reasoning tied to the tribe one comes from?

Don't you think you are a clown to have the same thinking faculty with abokeys almajiris

Nadaken:
That's why you have the Senate

That's why you have impeachment

One man can not hold a nation to seige because he must complete his "tenor"

chai...you wan go through democratical process....??
before the matter is even attended to in the Senate,it would be already next elections for another president....

i see no sense in that....