N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months - Business

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N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months - Business - Nairaland

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N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by fergie001: 9:27pm On Sep 04

The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM market on Wednesday, August 4, 2024.

This marks the lowest exchange rate since March 8, 2024, when it was recorded at N1627.4/$1.

According to the FMDQ data for the NAFEM window, the naira’s depreciation on August 4 represents a 0.89% decline from the previous day’s rate of N1,611.34/$1.

The naira traded at a high of N1,640/$1 and a low of N1,400/$1, indicating significant volatility in the foreign exchange market.

Nairametrics

4 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by God1000(m): 9:40pm On Sep 04

Tinubu why? Osinbajo has all the expertise and he was ready to serve this country and get things done but he wasn't given the chance, the same with Peter Obi

See what Nigeria has become because of desperation of some people

148 Likes 15 Shares

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by pyyxxaro: 9:40pm On Sep 04

See Cardoso face like GREGORY/CLARUS own

14 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by chukwuibuipob: 9:40pm On Sep 04

I believe ALL WILL BE WELL.

87 Likes 7 Shares

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by SirLakes: 9:40pm On Sep 04

Tinubu is working only that we can't see the work grin

56 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Babatunjo: 9:41pm On Sep 04

Fools!

It's happening because it favors those in power.

Wake up NPCs

8 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by IceLip(f): 9:41pm On Sep 04

If she drop now, my rate go high o

This country never ready to go forward 😔

1 Like

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by slaawomirr: 9:41pm On Sep 04

Damnnn niggar

Tinubu is a monumental failure

Arrogant failure

90 Likes 8 Shares

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by GanagiBitrus: 9:41pm On Sep 04

So all the economist eggheads we have in this country can't profer solution to this weakening Naira.

3 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Brendaniel: 9:41pm On Sep 04

When we spoke out about Tinubu, they thought we were just hating on him, but we were telling them the truth...

The Lagos scam, lies and propaganda is still getting exposed, you can lie when playing politics but not governance, that is like lying to win other canditates to become the driver of a truck, but lying will not help you drive the truck.

36 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by mickyeddi(m): 9:41pm On Sep 04

This is what happens when you allow dumb low IQ illiterates to vote.

26 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by EyeCumInPiece: 9:41pm On Sep 04

I miss Calamity Buhari. cry

18 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by havenz(m): 9:42pm On Sep 04

Everything became worst in Nigeria understand the watch of satanic APC.

28 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Matheusmartin: 9:42pm On Sep 04

...

Thought cardi B and other apc retards here accused Binance and co for manipulating the naira, and now these platforms have been banned.

Why is the naira is still on a free fall??

Na tinubu go finish una for this country.
grin

54 Likes 5 Shares

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Dialpad: 9:42pm On Sep 04

Na wah for this people, it's getting terrible daily ...

2 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Skillsnigeria: 9:42pm On Sep 04

Noted

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by MajorOvakporaye(f): 9:42pm On Sep 04

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Tokskob2008: 9:42pm On Sep 04

Everybody should start printing there own dollars or naira abeg grin

11 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by mrdharkchild(m): 9:42pm On Sep 04

Tinubu is working, but there's absolutely nothing to show for it.

13 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Fedasube: 9:42pm On Sep 04

God help this nation

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by tommykiwi(m): 9:43pm On Sep 04

Na Statistics we go chop?

Last last we go all learn our lessons.

Vote the right leaders irrespective of their religion or tribe.

18 Likes 1 Share

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by ozo13(m): 9:43pm On Sep 04

Ordinarily the opposite should have been the case when Dangote announced the PMs production
But Nigeria matter just dey atypical

14 Likes 1 Share

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Funkyswagzz(m): 9:43pm On Sep 04

Now it's very clear people that are in charge of this country are criminals. So because dangote start selling fuel everything is going high rapidly.

11 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by CalabarPikin: 9:43pm On Sep 04

Again
Propaganda no the solve any problem.

Do we still need court to prove this man no go school..??

Clear confirmation the werey no get certificate.

Anyhow sha still raise am! Raise am!! Raise am!!!

22 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Bobloco: 9:44pm On Sep 04

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by chukiz(m): 9:44pm On Sep 04

If we don't act now, Nigeria will become the new Venezuela with hyper inflation

17 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by faboye2: 9:44pm On Sep 04

I check the rate here. Not that bad as you are making it to. It was 1580 before na

1 Like 1 Share

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Peterzoom20: 9:44pm On Sep 04

Naira that cfa is now valuable than. Make one foreign country adopt me abeg, I sabi push motor.

4 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Roger3D(m): 9:44pm On Sep 04

And they told us the ex drug dealer is an economic wizard grin

18 Likes 1 Share

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by jmoore(m): 9:45pm On Sep 04

Babablu bulabu on the beat.

5 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Macphenson: 9:45pm On Sep 04

I told somebody today that with the recent increment in fuel pump price, Naira is going to be on a free fall as the price of everything in the country is going to sky rocket.

Here we are now.

Tinubu is just an arrogant failure

13 Likes

Re: N1,625.88/$1: Naira Weakens Against Dollar, Worst In Six Months by Gbadugbakun(m): 9:45pm On Sep 04

Tinubu is the worst distater in humanity. He's worse than ebola, earthquakes, tsunami, just name them, he's worse than them all.

16 Likes

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