Naira Rises To N1,580/$ In Parallel Market - Business

Naira Rises To N1,580/$ In Parallel Market - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Rises To N1,580/$ In Parallel Market (10154 Views)

Naira Rises To N1,580/$ In Parallel Market by UDOKABESTLUV(op): 7:18am On Mar 20, 2024

The Naira yesterday appreciated to N1,580 per dollar in the parallel market from N1,590 per dollar on Monday.

Similarly, the naira yesterday appreciated N1,560.57 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,560.57 per dollar from N1,572.86 per dollar on Monday, indicating N12.29 appreciation for the naira. The market recorded an intraday high of N1,626.5 per dollar and an intraday low of N1,415 per dollar resulting in a N211.5 margin.

The volume of dollars traded (turnover) in the market fell by 38 percent to $195.13 million from $315.21 million traded on Monday. Consequently, the margin between the parallel market rate and NAFEM widened to N29.43 per dollar from N17.24 per dollar on Monday.

Source: https://www.vanguardngr.com/2024/03/naira-rises-to-n1580-in-parallel-market/

8 Likes

Re: Naira Rises To N1,580/$ In Parallel Market by UDOKABESTLUV(op): 7:18am On Mar 20, 2024

When will Dollar Fall To 1,000naira For 1 $

17 Likes

Re: Naira Rises To N1,580/$ In Parallel Market by Aboks(m): 7:49am On Mar 20, 2024

Nothing new

4 Likes 2 Shares

Re: Naira Rises To N1,580/$ In Parallel Market by Boogyman557: 7:49am On Mar 20, 2024

Holly Gram cool

EBIN PAWA OOO !!!!!

LITE UP my WEED in peace

WTF MAN!

24 Likes 4 Shares

Re: Naira Rises To N1,580/$ In Parallel Market by TANID(m): 8:11am On Mar 20, 2024

UDOKABESTLUV:
When will Dollar Fall To 1,000naira For 1 $

50/$ atleast

Re: Naira Rises To N1,580/$ In Parallel Market by immortalcrown(m): 8:23am On Mar 20, 2024

APC said ₦216 per Dollar was too much. Therefore, no APC government is good unless Naira goes below 216 per Dollar in the regime.

55 Likes 5 Shares

Re: Naira Rises To N1,580/$ In Parallel Market by slaawomirr: 8:23am On Mar 20, 2024

Damnnn niggar

Tinubu's administration is a disaster

21 Likes 4 Shares

Re: Naira Rises To N1,580/$ In Parallel Market by keymatt(m): 8:24am On Mar 20, 2024

Let's blame Binance!!!!!!!!!! grin

15 Likes 6 Shares

Re: Naira Rises To N1,580/$ In Parallel Market by Space131: 8:24am On Mar 20, 2024*

E go Favour me and my family grin

1 Like

Re: Naira Rises To N1,580/$ In Parallel Market by HateBigots: 8:24am On Mar 20, 2024

Same people that campaigned against #216 = $1 are now celebrating #1500.

Shameless

47 Likes 6 Shares

Re: Naira Rises To N1,580/$ In Parallel Market by UselessBuharist: 8:25am On Mar 20, 2024

So we should celebrate?

1 Like

Re: Naira Rises To N1,580/$ In Parallel Market by Odingo1: 8:25am On Mar 20, 2024

Is that a gain or what

6 Likes

Re: Naira Rises To N1,580/$ In Parallel Market by inzek(m): 8:25am On Mar 20, 2024

Tell us when 216 because is whr apc start.until they return back to 216 or below they are worst

2 Likes 1 Share

Re: Naira Rises To N1,580/$ In Parallel Market by Splashme: 8:25am On Mar 20, 2024*

They are gradually abandoning floating the Naira and going back to doing the same patch-patch that Emefiele was doing.

The useless govt officials abuse Emefiele in the day but turns round to copy-paste his policies at night.
.

14 Likes 2 Shares

Re: Naira Rises To N1,580/$ In Parallel Market by callmevirus(m): 8:26am On Mar 20, 2024

Nothing concern me but E dey mind

1 Like

Re: Naira Rises To N1,580/$ In Parallel Market by EmmyMaestro(m): 8:26am On Mar 20, 2024

Boogyman557:
Holly Gram

EBIN PAWA OOO !!!!!

LITE UP my WEED in peace

WTF MAN!

So you still get money for weed

3 Likes

Re: Naira Rises To N1,580/$ In Parallel Market by tefishy(m): 8:26am On Mar 20, 2024

This government na scam. After the whole raiding see what they can deliver.

Na mumu dey take them serious

2 Likes

Re: Naira Rises To N1,580/$ In Parallel Market by Didijiji: 8:26am On Mar 20, 2024

Please keep rising to satisfy human conscience

These anim**ls in power protested against you when you traded for 216

Please keep rising else you make us all look stupid for the silence at this outrageous figure

Re: Naira Rises To N1,580/$ In Parallel Market by pocom35: 8:26am On Mar 20, 2024

Slow and steady cool

Meanwhile 👇

https://www.youtube.com/watch?v=5JIbT43UVmk

Re: Naira Rises To N1,580/$ In Parallel Market by socialmediaman: 8:26am On Mar 20, 2024*

This is how APC propaganda works:

Naira falls from N,1500 to N1,700, they keep quiet and distract Nigerians with something else

Naira gains slightly from N1,700 to N1,680 they post a news with the headline "Nigerians relieved as naira appreciates against the dollar amidst government reforms".

Don't be fooled!

12 Likes

Re: Naira Rises To N1,580/$ In Parallel Market by Okete001(f): 8:27am On Mar 20, 2024

Hehehe

Na small small.

We shall get there.

This is a sad news to the emergency lovers of the zoo from a particular region.

God bless Nigeria

7 Likes 2 Shares

Re: Naira Rises To N1,580/$ In Parallel Market by MrPOTUS: 8:27am On Mar 20, 2024

Dollar is now below #1,500 today

3 Likes

Re: Naira Rises To N1,580/$ In Parallel Market by Akpabio22(m): 8:27am On Mar 20, 2024

80% of Nigerias should at list protest for 3 months no work if all this nonsense wont stop. We Nigerias we talk too much about the useless government and we don't make any moves to stop this nonsense we keep praying.

2 Likes

Re: Naira Rises To N1,580/$ In Parallel Market by Asonaijaaso: 8:28am On Mar 20, 2024

Slow and steady.

Any bank that makes it easy for Nigerians abroad to open bank accounts in Nigeria even in absentia will watch forex inflow remittances multiply.

Currency devaluation is actually a good strategy.

Egypt is currently doing he same thing.

Its a slow process, but yields good results at the long run.

2 Likes 2 Shares

Re: Naira Rises To N1,580/$ In Parallel Market by MrBONE2(m): 8:28am On Mar 20, 2024*

Boogyman557:
Holly Gram

LITE UP my WEED in peace

WTF MAN!

Re: Naira Rises To N1,580/$ In Parallel Market by SoNature(m): 8:28am On Mar 20, 2024

The naira is gradually improving. It should drop to #400 to one dollar. That's when I will start hailing Cardoso and Edun. After all, that was where Tinubu met it.

1 Like

Re: Naira Rises To N1,580/$ In Parallel Market by MrBONE2(m): 8:29am On Mar 20, 2024

Re: Naira Rises To N1,580/$ In Parallel Market by Sunnycliff(m): 8:30am On Mar 20, 2024

UDOKABESTLUV:
When will Dollar Fall To 1,000naira For 1 $

Not under this Bulaba led regime and APC government

Re: Naira Rises To N1,580/$ In Parallel Market by tfelicityk(m): 8:33am On Mar 20, 2024

How I wish the naira is being nurture the same way Nigerians are made to believe in the foreign currencies?

Does it mean all the years of independence our leaders cannot think deep and make some sacrifices for the Nation and followers.

1 Like

Re: Naira Rises To N1,580/$ In Parallel Market by Dimaya: 8:34am On Mar 20, 2024

Re: Naira Rises To N1,580/$ In Parallel Market by Ofunaofu: 8:36am On Mar 20, 2024

When will Naira rise back to #700 to a dollar where Tinubu met it

1 2 3 Reply

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