The exchange rate between the naira and dollar opened the week at N1,200/$1 on P2P platforms on Monday as traders continue to face demand pressures amidst dwindling supply.

Checks by Nairametrics reveal quotes opened at about N1,200/$1 however as we approached noon sellers quoted as high as N1,210/$1.

Meanwhile on the black market where the exchange rate is sold unofficially, reports reaching Nairametrics indicate quotes are going for N1200/$1 for cash trades and N1,250-N1300 for “inflows” aka wired transfers. It is important to add that actual crossed rates might be higher or lower depending on who is buying or selling.

Source: https://nairametrics.com/2023/10/23/exchange-rate-opens-week-at-n1210-1-on-parallel-market/

Tinubu is working


to

finish Nigeria.

I was shaking my head of ignorant folks on the thread where Adenuga lost 300 million dollars and they were saying he will bounce back.
Your 400,000 naira could buy 1,000 dollars previously. But now your 400,000 naira can only buy 400-526 dollars.
If most of your investment is in naira and in Nigeria, Tinubu has reduced your value.

Teaching Igbos a lesson

On Dangote refinery I hope as far as short term Naira strengthening is concerned.

MXrep:
Teaching Igbos a lesson

pained loser! Get over the theft/lose of woman-date.

Earlier today I opened a thread wherein I stated that current USD to Naira rate is #1,350/USD.

I was insulted by agbadorians. Unknown to them, I have information they don't have.

The economy is messed up. Expect Forex rate to hit more than #2,000/USD in the coming weeks.