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Nairaland Forum / Nairaland / General / Business / After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April (10730 Views)
Naira Depreciates To N1,180/$ In Parallel Market / Naira Depreciates To 410/$ At Official Market / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens (2) (3) (4)
After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by References1: 11:10pm On Apr 30 |
The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the exchange rate trades officially.https://nairametrics.com/2024/04/30/after-raising-hopes-naira-depreciates-by-5-8-in-april/?fbclid=IwZXh0bgNhZW0CMTEAAR0QGWpxOnBfv4ZyPH6tTZzalGcSgRDjAezaY9WXe20Cq5JB4rtlgy2CbJg_aem_AZxnw3z36QMk5TqZnbB4huBNI7G0YbISK9voVtPlvNPyykPeH8ypeqQq19-8tD1LV2VQvHG_3NC4_vyeFvoCtsHA 1 Like
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Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Racoon(m): 11:28pm On Apr 30 |
No more money to continue their temporal economic propaganda of subsidising the dollar. Now the trend is back to default mode. 96 Likes 6 Shares |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by helinues: 11:29pm On Apr 30 |
What % was gained against dollar in the previous month? 66 Likes 3 Shares |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by helinues: 11:30pm On Apr 30 |
Racoon: Best food already landed. I dey sure say you go throw party for this. So as how your own be.. Stuffs like this can't go unnoticed 58 Likes 3 Shares |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Urheadmaster(m): 11:48pm On Apr 30 |
Always beating around the bush on every thread concerning APC failure helinues: 113 Likes 14 Shares |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by 100millionGoal: 11:49pm On Apr 30 |
You can't cheat nature The failure and fraud in Aso rock with pampers and cocaine sniffing lover will always be exposed 65 Likes 8 Shares |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Cindypresh(f): 11:49pm On Apr 30 |
helinues: Best food already landed and served by the failure you supported in Aso rock. Aren't you ashamed?? 108 Likes 14 Shares |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by OkCornel(m): 12:40am On May 01 |
Jagaban promised 300 naira to the USD in the “short term” in April 2023. This is May 2024. Sycophants, how market? 55 Likes 6 Shares
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Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by BOSSkesh(m): 6:14am On May 01 |
Nigeria will be great in our time 49 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by atobs4real(m): 6:14am On May 01 |
We are still investigating those behind this |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by atobs4real(m): 6:14am On May 01 |
We are still investigating those behind this. Nigeria shall rise one day 3 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by malali: 6:16am On May 01 |
The value of the naira against the dollar will fluctuate due to several reasons. One key factor is the balance of trade, which is the difference between the value of imports and exports. If Nigeria imports more goods and services than it exports, there will be higher demand for foreign currency (like the dollar) to pay for these imports, causing the naira to weaken against the dollar. Factors such as inflation, Changes in interest rates can also impact the exchange rate. These fluctuations are part of the normal functioning of the foreign exchange market and are influenced by both domestic and global economic conditions. 6 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by tiswell(m): 6:16am On May 01 |
Nonsense |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Onyedikachi231: 6:17am On May 01 |
Lets not talk and just look, one hell anus already shamefully shifted the goalpost. The dollar is back to appreciating for agbadorians... It was caused by Emefiele Then BDC Then Biance and crypto So please cornfused people was it yahaya bello that caused this? Remember, onCe you quote me prophet mohammed or your papa go collect stray bullets, and for some your mama because I discovered so many here are fatherless but I will attack the vagina you came out from. 12 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Nwaokunkpara: 6:17am On May 01 |
Over to praise singers of Tinubu and APC Governance is not a magic thing 5 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Mayflowa(m): 6:18am On May 01 |
I hope and pray it doesn’t tumble further on a steep slope |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by safetyInspector(m): 6:18am On May 01 |
Not when we are reinforcing failures because of party politics, ethnicity and religion. BOSSkesh: 8 Likes 1 Share |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Nuhskhut: 6:23am On May 01 |
A sea that has witnessed a storm would not settle at once 😔. There is still going to be a great Nigeria 🥺 2 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by OneMillionBTC: 6:23am On May 01 |
Smiles.......... No constant power to manufacture and export. Insecurities affecting Farmers. Poverty is blocking creativity, innovation, research and advancement. The economy needs to be more enabling to see the naira strong again. Weak economy equals weak Currency. I advice the FG and SG to engage the Youths for solutions. The Youths will bring in solutions through technologies. The Youths that earn in dollars can start/set up a system that trains millions of other youths on how to earn in dollars too. Imagine 30 million Nigerian youths making an average of $300 monthly from foreign companies and systems legitimately. Empower the Nigerian youths, they have the brains and can provide this solution. See how the naira is just moving : 7 Likes 1 Share
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Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Alvin212(m): 6:23am On May 01 |
E-BOLA Tinubu Amoda is a Criminal A convicted drug pusher A certificate forger 11 Likes 1 Share |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Kennitrust(m): 6:25am On May 01 |
This stupid news is becoming boring Why not wait until you make a good and stable gain against the dollar before coming here to report noncent 1 Like |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Parydelegate: 6:25am On May 01 |
Hmm |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by theredaddy: 6:25am On May 01 |
Now that naira depreciation is the order of the day ... those shouting Propaganda when naira was appreciating we let us rest nobody we ask you source of your poverty but eat chicken & chips in the compound n your neighbour will start digging for your source of wealth 4 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by mytime24(f): 6:26am On May 01 |
Naira Vs dollar don take over news Na everyday news now 🤥 |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by phorget(m): 6:29am On May 01 |
atobs4real: They will soon accuse Obi and the obidients, they will tell you that their wishful thinking is the reason Nigeria is not moving forward. 5 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by theredaddy: 6:31am On May 01 |
Racoon: Did you and your geng robb the reserves overnight cos last time cardoso spoke nigeria still has over $30bn in reserve. Now it is no more money ... anywhere belle face critics 2 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by Lumarstone: 6:31am On May 01 |
Alvin212: Yet he is the president of the federal republic of Nigeria and a first class citizen for that matter. You and your entire generation that is a saint, what are you to the society? Nothing..! The only thing you can do best is to type rubbish here after over feeding yourself. Next time, if you do not have any reasonable point to contribute here, you better kipkwyet there. I left..! 1 Like |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by clems88(m): 6:32am On May 01 |
Who naira help |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by kennyz247(m): 6:34am On May 01 |
Tinubu should kindly resign and leave this country for us... nothing positive about his government so far.. 4 Likes 1 Share |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by lesbiconverter: 6:36am On May 01 |
malali:inflation caused by the slowpoke putting the cart before the horse. If he had focused on the refineries before removal of subsidy instead all these won't happen 3 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by rinzaugustine: 6:44am On May 01 |
Never believed anybody will be worse than buhari until mandate thief was selected…at this stage the best thing for Tinubu will be to go to daura and prostrate for buhari to borrow him some wisdom on how he made naira 700 or go and humble himself with Gatuso the inexperienced Lagos banker- to emefiele to share some wisdom which was mediocre yesterday but today will be very valuable to tinubu and his bandwagon of quacks 3 Likes |
Re: After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April by THilfiger: 6:44am On May 01 |
Small yansh wey dey shake. Wait and see if they can even pay a mere 100 dollars as minimum wage first. 1 Like |
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