JUST IN: Naira Crashes To N620 Per Dollar - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / JUST IN: Naira Crashes To N620 Per Dollar (623 Views)
Naira Crashes To 1,030/$ As Speculators React / Naira Crashes To ₦1,210 To US Dollar / Naira Crashes To Record Low At Official Market (2) (3) (4)
| JUST IN: Naira Crashes To N620 Per Dollar by olatade(m): 3:35pm On Jul 18, 2022 |
The Nigerian naira on Monday crashed to a historic low at the parallel market, exchanging for N620 against the United States dollar at the exchange platform Aboki Forex. Checks by Peoples Gazette on Monday showed the current parallel market rate pegged at N620 to a dollar. The figure represents a 0.8 percent depreciation from the N615 it traded the previous week. Although the Naira gained against the green back at the Investors and Exporters’ window, exchanging at N430 to the dollar on Friday, the value of the currency has sunk further at the parallel market. While the Central Bank of Nigeria (CBN) claims that the parallel market does not accurately reflect the country’s exchange rate, Bureaux De Change operators (BDCs) in Ojodu Berger area of Lagos, told Peoples Gazette that they were currently selling at the rate of N620 per dollar. Aboki Forex gained prominence shortly after a similar website, Aboki FX got axed by CBN governor Godwin Emefiele, for allegedly manipulating the exchange rate at the parallel market. The naira has continued to depreciate considerably against the dollar over the past months, going from N588 per dollar in May to N620 on Monday. https://gazettengr.com/just-in-naira-crashes-to-n620-per-dollar/ |
| Re: JUST IN: Naira Crashes To N620 Per Dollar by alsudan: 3:36pm On Jul 18, 2022 |
Nigerians how Market, Vote Tinubu and na 5000 naira to a dollar territory we go de roll. 2 Likes
|
| Re: JUST IN: Naira Crashes To N620 Per Dollar by Viscuz: 3:38pm On Jul 18, 2022 |
And APC urchins are clapping without knowing the effect. No worry keep shouting Jagaban. All of una go wear torn clothes come begs boys when retun from diaspora soonest
|
| Re: JUST IN: Naira Crashes To N620 Per Dollar by Racoon(m): 3:49pm On Jul 18, 2022 |
Imagine! This is APC economics for you. 1 Like
|
| Re: JUST IN: Naira Crashes To N620 Per Dollar by NaijaRoyalty(m): 3:57pm On Jul 18, 2022 |
Buhari led APC government legacy |
| Re: JUST IN: Naira Crashes To N620 Per Dollar by Truthisunique2: 3:59pm On Jul 18, 2022 |
Thunder fire Tinubu that brought this calamity on the nation Buhari was left in Katsina where he belong, until Mr desperado said he must use him to get closer to presidency |
| Re: JUST IN: Naira Crashes To N620 Per Dollar by Truthisunique2: 4:01pm On Jul 18, 2022 |
Racoon:Na more increase in standard of living for common man More hardship and anti Tinubu campaign of its own in the home of nigerians |
| Re: JUST IN: Naira Crashes To N620 Per Dollar by Benosky1990(m): 4:01pm On Jul 18, 2022 |
APC IS A GOOOOOO. NIGERIANS ARE TIRED OF THEM. |
| Re: JUST IN: Naira Crashes To N620 Per Dollar by GamalNasser: 4:02pm On Jul 18, 2022 |
Buhari is making history daily |
| Re: JUST IN: Naira Crashes To N620 Per Dollar by Maxymilliano(m): 4:04pm On Jul 18, 2022 |
And some misguided elements are still rooting for APC ? 1 Like |
| Re: JUST IN: Naira Crashes To N620 Per Dollar by sotall(m): 4:07pm On Jul 18, 2022 |
APC killed what was left of Nigeria economy 1 Like |
| Re: JUST IN: Naira Crashes To N620 Per Dollar by Fkmodhi: 4:09pm On Jul 18, 2022 |
Buharist and manna still deh get $ at 198. 1 Like |
(1) (Reply)
Please I Need An Ideal About Soap And Candle Making / Being An Entreprising Student. / Event Sponsorship And Market Patronage
(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. 12 |