₦airaland Forum

The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market.


FMDQ data showed that the naira tumbled to N1,154.08 per dollar on Thursday from N1,072.74 on Wednesday.

This represents a 7.04 per cent loss against the dollar compared to N1,072.74 per dollar traded the previous day.


Similarly, at the parallel market the naira depreciated N1,100 per dollar on Thursday from N1, 040 on Wednesday.

Accordingly, this is the second time the naira is depreciating against the dollar in three days amid fears of depleting foreign exchange reserves.

Meanwhile, the governor of the Central Bank of Nigeria, Olayemi Cardoso, in a statement on Wednesday said the country received $600 million inflow into its foreign reserves recently.


Earlier, Nigeria’s FX reserves dropped to $32.29 billion as of April 15.

However, Cardoso said as long as there is liquidity in the country’s FX market, Naira’s gain can be sustained.

ogododo:
The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market.


FMDQ data showed that the naira tumbled to N1,154.08 per dollar on Thursday from N1,072.74 on Wednesday.

This represents a 7.04 per cent loss against the dollar compared to N1,072.74 per dollar traded the previous day.


Similarly, at the parallel market the naira depreciated N1,100 per dollar on Thursday from N1, 040 on Wednesday.

Accordingly, this is the second time the naira is depreciating against the dollar in three days amid fears of depleting foreign exchange reserves.

Meanwhile, the governor of the Central Bank of Nigeria, Olayemi Cardoso, in a statement on Wednesday said the country received $600 million inflow into its foreign reserves recently.


Earlier, Nigeria’s FX reserves dropped to $32.29 billion as of April 15.

However, Cardoso said as long as there is liquidity in the country’s FX market, Naira’s gain can be sustained.





https://dailypost.ng/2024/04/18/naira-loses-n81-to-dollar/

Babalegba:
Good news for obedients at last. Something for them to hold the body with.

successmatters:
Propaganda battling with the dollar


Naira is still useless tissue paper like always.

ogododo:
The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market.


FMDQ data showed that the naira tumbled to N1,154.08 per dollar on Thursday from N1,072.74 on Wednesday.

This represents a 7.04 per cent loss against the dollar compared to N1,072.74 per dollar traded the previous day.


Similarly, at the parallel market the naira depreciated N1,100 per dollar on Thursday from N1, 040 on Wednesday.

Accordingly, this is the second time the naira is depreciating against the dollar in three days amid fears of depleting foreign exchange reserves.

Meanwhile, the governor of the Central Bank of Nigeria, Olayemi Cardoso, in a statement on Wednesday said the country received $600 million inflow into its foreign reserves recently.


Earlier, Nigeria’s FX reserves dropped to $32.29 billion as of April 15.

However, Cardoso said as long as there is liquidity in the country’s FX market, Naira’s gain can be sustained.





https://dailypost.ng/2024/04/18/naira-loses-n81-to-dollar/

successmatters:
Propaganda battling with the dollar


Naira is still useless tissue paper like always.

mobisonkk2:
Show me one person celebrating this news that is not from iboland and collect 500k.

Emergency lovers of Nigeria.

mobisonkk2:
Oya, emergency lovers of Nigeria food don done oooo, let's start celebrating and reminding ourselves how dollar must 5k naira before end of April.

mobisonkk2:
Oya, emergency lovers of Nigeria food don done oooo, let's start celebrating and reminding ourselves how dollar must 5k naira before end of April.