Naira Loses To Dollar, Closes At 419 In "Official Market" - Business

Naira Loses To Dollar, Closes At 419 In "Official Market" - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Loses To Dollar, Closes At 419 In "Official Market" (15865 Views)

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Naira Loses To Dollar, Closes At 419 In "Official Market" by lalasticlala(mod): 8:54am On May 10, 2022

The Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to the dollar, a 0.48 per cent depreciation, weaker than N417 it traded on Friday.

The open indicative rate closed at N419 to the dollar on Monday.

An exchange rate of N423.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N419.00.

The Naira sold for as low as 410.84 to the dollar within the day’s trading.

A total of 53.15 million dollars was traded in foreign exchange at the official Investors and Exporters window on Monday.

Meanwhile, Prof. Hassan Oaikhenan of the Department of Economics, University of Benin, has attributed the currency’s loss to the limited supply of the green back.

He said, “the depreciation is normal and not unexpected, given the demand pressures for the dollar in relation to the limited supply of the green back.

“ So, we need not dwell on this, which has become the new normal in the trend behaviour of the exchange of the naira to such key currencies as the Euro, the Dollar, the British Pound sterling, among others’’.

https://punchng.com/naira-loses-to-dollar-closes-at-419/

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Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by yesloaded: 8:56am On May 10, 2022

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by holuwajobar(m): 8:56am On May 10, 2022

Omo , everywhere just hard for this country....

As i dey like this , man no chop since last night ... No money is coming at all .... Any kind hearted person should help a fellow brother.... Omoo, i go appreciate anything oooo....

24.644.69.399 Zenith

4 Likes 3 Shares

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by malali: 8:56am On May 10, 2022

Oil is $102 per barrel.

Last time it was at these prices was during GEJ'S regime.

Buhari did most of his capital projects on $30-40 per barrel.

12 Likes 6 Shares

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by Deejaygold(m): 8:56am On May 10, 2022

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by Datikwerreboi(m): 8:56am On May 10, 2022

The stupid Emefiele who intentionally devalued the naira for all their borrowings now wants to be a president, Nigeria is cursed

51 Likes 2 Shares

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by youngreezy(m): 8:56am On May 10, 2022

The clueless dullard doesn't care, I'm not sure he knows what is going on in this country sef,aboki people are too easy to deceive no matter their level of education and this one is a stark illiterate and pure aboki so we have to manage the idiot till he goes but my problem na educated citizens wey see all this disaster finish still dey support yellow teeth all because of sentiment......

33 Likes 5 Shares

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by Ciscogod(m): 8:57am On May 10, 2022*

closes at what figure? 419 ? I think no currency can lose to Naira at 419. The reverse should be the case grin

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Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by wunmi590(m): 8:57am On May 10, 2022

Nigeria nah 419 country before

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Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by dukechilezie(m): 8:57am On May 10, 2022

In Nigeria, we have the Constitution. But some gladiators do not believe in the tenents of Constitutionalism. Someone in the CBN is bigger than Nigeria. What an effrontery! Which way Nigeria? The same person that contributed to the fall of our Naira, is the same person who secretly picked APC membership card and wants to be the president of Nigeria.

5 Likes

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by southsouthking(m): 8:57am On May 10, 2022

APC

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by halaqasa: 8:57am On May 10, 2022

Yeah

Bunch of 419's

11 Likes

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by stmatt01: 8:57am On May 10, 2022

Na because all our leader Na 419

6 Likes

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by gentleguy1975: 8:57am On May 10, 2022

419?I thought it is around 590?

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Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by DMerciful(m): 8:57am On May 10, 2022

419?

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Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by abeyaktech: 8:57am On May 10, 2022

Very significant figures grin

12 Likes

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by supereagle(m): 8:58am On May 10, 2022

419. God is great. It is symbolic of the location 419.

7 Likes 1 Share

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by Nobody: 8:58am On May 10, 2022

419

1 Like

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by Freelancer2020(m): 8:58am On May 10, 2022

419 says it all, even our currency carry scam name

3 Likes

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by blingxx(m): 8:58am On May 10, 2022

Weytin concern me angry

.... I dey find my nin make I use am verify my nft wallet

3 Likes

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by iLoveYouToo(m): 8:58am On May 10, 2022

Lol

If parallel rate actually drops to this 419 some people fit get heart failure, crypto traders am I communicating?

2 Likes

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by danijesus(m): 8:58am On May 10, 2022

Niaja my con3...

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by everythinggirly(f): 8:58am On May 10, 2022

It's always bad news.
When will there be good news?

1 Like

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by Chopchopfine: 8:59am On May 10, 2022

419

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Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by Egein(m): 8:59am On May 10, 2022

419? Perfect!

2 Likes

Re: Naira Loses To Dollar, Closes At 419 In "Official Market" by Kennedy00007: 8:59am On May 10, 2022

Akuko!!

dollar dey 570, 580.

This one Na official window.

Go to bureau de change make dem tell you the real price.

That's the price they want the world to see.

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