800/$ before the end of July

The exchange rate between the Naira and the Dollar at the official window saw a significant appreciation of 10.71% on Monday, closing the day at N1,339.33/$1.

This appreciation marks the highest closing rate since April 26, when the exchange rate was N1,339.23/$1, based on data from FMDQ.

On Friday, May 24, 2024, the exchange rate was N1,482.81/$1, with a minor increase of 0.19%. The FX turnover on this day was significantly higher at $556.25 million, which represented a dramatic increase of 231.99%.

In contrast, on May 27, 2024, the Naira appreciated notably by 10.71%, bringing the exchange rate down to N1,339.33/$1. However, the FX turnover decreased sharply by 67.50%, amounting to $180.8 million.

The substantial drop in FX turnover suggests a lower demand for dollars, which is a plausible factor contributing to the appreciation of the Naira.


When fewer dollars are being bought, the demand decreases, leading to a stronger Naira against the Dollar.

This is a developing story…

https://www.google.com/amp/s/nairametrics.com/2024/05/27/breaking-naira-appreciates-to-n1339-33-1-on-official-market-best-in-2-months/%3famp=1

I went to some areas that were recently demolish on the island and my mouth was wide opened

adontcare:
lost my dad there 1995 in sierria leone

May his soul keep on RIP

I'm still waiting for when the hypocritical west will start sanctioning Israel and netayanhu

So Jimoh Ibrahim will also lose the case against Aiyedatiwa. Jimoh Ibrahim ought to have first presented his case before the APC Guber Election Appeal Committee before filing his suit at the court.

OVIHINNO:

I just want to believe you are simply trying hard to steer up controversy otherwise I can't understand the line of reasoning

A new governor will emerge in less than a year, he can reverse this decision.

SaiOba:
This APChit people wanna burn Kano State politically not minding and caring about the way its gonna affect the Kano people and the respect they all have for their long age tradition.

The ill doings of that ugly corrupt Gandollar baffles the devil.

It's a very BIG shame.

There's nothing people like you can't believe, so far is against who you dont like

drsibz66:


You think you are smart. How can you use only development as the only factor. The question is overall is Nigeria better today than it was during the military regime ?

Yes, Nigeria is better off than military regime.

Let me see if you're smart

Kanixt:


why anything good you people are always against it? late is better than never.
Who told you that the next governor had it mind to do it right away in his 100 days in office?

A new governor can even decide to stop paying the 70k minimum wage in Edo state and no one will crucify the governor for it

So government should stop constructing all the horrible roads in Nigeria?

Ofunaofu:


This is a case of mistaken identity

Tinubu is the only Gbaju e baba werey

Gbajue will never become the president or vice president of Nigeria

Justiceganduje:
Call him whatever you want, at least he can never shout ebin pawa in his life, unlike you.

You think am hungry like you and your parents? You better speak for yourself alone

Ofunaofu:


If it is just a merger for election or state capture, I’m not for it. I am not desperate to be president, I am desperate to see Nigeria work, especially for the poor, because we have a lot of potential.


https://sunnewsonline.com/2027-im-ready-for-merger-with-pdp-if-obi/?amp

Gbajue baba wyere. See the way the wyere is talking as if he owns the LP.

Someone that made the people of Anambra more poorer they talk nonsense.

Gbajue, you will never become the president or vice president of Nigeria.

Never

AMI3:

That man is the real president of a country that Africa need.

I saw a video today how he bought farming machines to his country people hundreds of tractors.
Tiling machines, seedlings, fertilizer and the rest of things to boost the agriculture sector in Burkina Faso
This is the man that goes with a car worth $12,000 as a president.

How many of African president can do that?

People of Burkina Faso are not complaining.
Before you start condemning him go and read more about his style of governance

He should have resigned and contest in an election.

Some other solder might feel he can do better than he's doing and you know what that will lead to

kettykin:
There was indeed a useless country

What's your local government chairman doing with the billions of naira he's collecting every month?

Bitter people in the mud

drsibz66:


You are the kid. Can you compare Nigeria in both eras. Except you weren't born then .Nigeria was better during the military era than it is today.

Nigeria of 2024 is far more develop than Nigeria of 1995.

Mentcee:


Thunder fire your stupid mother for this unwarranted comment.

Seun

Mynd44

fergie001

Mentcee has broken rule 2

He should have left this decision for the next governor of the state to make

Racoon:
Nice one but is it the same INEC that conduct the presidential election that FG is mandating to conduct the LGA elections? Then the status quo should continue instead.

INEC is not in charge of holding local government elections.

Elections held by INEC is better than local government elections held by state electoral bodies.

Good step by the FG. Men like Gbajue didn't hold a local government election till his tenure was about to end

A good move by the FG. Gbajue didn't hold a local government election till his tenure was about to end.

oyeb15:



You are d dumb guy here. Many of u e-rat were born around 2000 . I don't blame u

Most of u would not have exist if we are in military rule. You would have been engaged. Military don't support touts

They don't appreciate the freedom they are enjoying under democracy

ebinpawa:




You are daft is a legit statement. You should be the one reprimanded for making that annoying statement and you have very poor written English skills.I am more angry at the poorly written statement than the meaning of it. I hate when illiterates rubbish english.it is literally my pet peeve

Seun

Mynd44

fergie001

ebinpawa has broken rule 2

drsibz66:


If if will bring peace, tranquility, respect for rule of law, reduce corruption and improve the economy then it's highly welcomed. Any system that will make Nigeria a better is what sane people seek .

You talk as if the military has never rule Nigeria.

Did military rule bring peace? Did it reduce corruption? A lot of kids like you are ignorant

Baba-Ahmed reminds me of Gowon. This is the same way Gowon was reasoning when he jailed Soyinka because he spoke against the civil war

AllahOfterror:


What can be so bitter to you ur sorrows and hardship u are going through

k

ebinpawa:


You are very daft .Who wants this to happen in Nigeria?

Seun

Mynd44

fergie001

ebinpawa has broken rule 2