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Naira Falls To N1,640/$ In Parallel Market - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsNaira Falls To N1,640/$ In Parallel Market (578 Views)

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Naira Falls To N1,640/$ In Parallel Market by ogododo(op): 10:39pm On Feb 16, 2024
The naira on Friday depreciated to N1,640 per dollar in the parallel market from N1,595 per dollar on Thursday.

Similarly, the naira on Friday depreciated to N1,537.96 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,537.96 per dollar from N1,498.25 per dollar on Thursday, indicating N39.71 depreciation for the naira.



The market recorded an intraday high of N1,631 per dollar and an intraday low of N1,000 per dollar resulting in a bearing of N631 per dollar.

The volume of dollars traded (turnover) during this week declined by 59 percent to $886.49 million from $2.16 billion the previous week.

As a result, the gap between the official and parallel market exchange rates widened to N102.04 per dollar today from N96.75 per dollar on Thursday.



https://www.vanguardngr.com/2024/02/naira-falls-to-n1640-in-parallel-market/
Re: Naira Falls To N1,640/$ In Parallel Market by princepeter566: 10:48pm On Feb 16, 2024
Tinubu till 2099
Re: Naira Falls To N1,640/$ In Parallel Market by Vinnie2000(m): 10:52pm On Feb 16, 2024
It will continue to Fall as far as Druggie tinibu is in Aso Rock. sad

Tinibu is like Jonah.

He MUST be Kicked out of Aso Rock, otherwise Nigerians will Sink with him. undecided
Re: Naira Falls To N1,640/$ In Parallel Market by meum: 11:01pm On Feb 16, 2024
Chai na N2,000 the ting dey go laidis.
Re: Naira Falls To N1,640/$ In Parallel Market by specialmati(m): 11:40pm On Feb 16, 2024
Vinnie2000:
It will continue to Fall as far as Druggie tinibu is in Aso Rock. sad

Tinibu is like Jonah.

He MUST be Kicked out of Aso Rock, otherwise Nigerians will Sink with him. undecided
grin angry grin grin grin grin grin grin how is tinubu like Jonah. Jonah is not a criminal and doesn't have any state he built.its very easy to kick Jonah but you can't kick tinubu out of aso rock.so how are they alike
Re: Naira Falls To N1,640/$ In Parallel Market by ogododo(op): 8:00am On Feb 17, 2024
Nawa oo. Na Sapele yellow garri wey dey rise.
Re: Naira Falls To N1,640/$ In Parallel Market by alsudan: 8:02am On Feb 17, 2024
On your mandate we shall stand

On your mandate we shall stand

On your mandate

Bola, on your mandate

Bola, on your Mandate we shall Stand!!

EBOLA THIEFNIBUU TILL 2090!!
Re: Naira Falls To N1,640/$ In Parallel Market by Vinnie2000(m): 8:45am On Feb 17, 2024
specialmati:
grin angry grin grin grin grin grin grin how is tinubu like Jonah. Jonah is not a criminal and doesn't have any state he built.its very easy to kick Jonah but you can't kick tinubu out of aso rock.so how are they alike
Lols,

@least, we can agree that tinibu is a CRIMINAL. shocked sad sad
Re: Naira Falls To N1,640/$ In Parallel Market by Sctests: 8:46am On Feb 17, 2024
E go reach N7,000 per dollar before August.

We must continue to teach Peter Obi a lesson..
Re: Naira Falls To N1,640/$ In Parallel Market by keymatt(m): 8:49am On Feb 17, 2024
In agbado voice, we're dying of hunger o!!!!! But we'll still vote Tinubu in 2027.
Reason is that PDP is evil and APC is our own.




Flash back:
PDP evil era: Dollar - N180, Bag of Rice - N7,000

APC Righteous era: Dollar - N1640, Bag of Rice - N77,000




PDP govt is too evil grin grin grin grin grin
Re: Naira Falls To N1,640/$ In Parallel Market by ogododo(op): 8:58am On Feb 17, 2024
keymatt:
In agbado voice, we're dying of hunger o!!!!! But we'll still vote Tinubu in 2027.
Reason is that PDP is evil and APC is our own.




Flash back:
PDP evil era: Dollar - N180, Bag of Rice - N7,000

APC Righteous era: Dollar - N1640, Bag of Rice - N77,000




PDP govt is too evil grin grin grin grin grin
Na APC wicked pass, dem dey do as if nothing wrong.
Re: Naira Falls To N1,640/$ In Parallel Market by keymatt(m): 9:02am On Feb 17, 2024
ogododo:
Na APC wicked pass, dem dey do as if nothing wrong.
Even birds in the sky know APC is EVIL.
1 Reply

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