₦airaland Forum

FMDQ data indicated that the Naira depreciated to N1,234.49 per US dollar on Monday compared to N1,169.99 on Friday.

Similarly, the parallel forex market tumbled to N1200 per Dollar on Monday from N1,100 on Friday.

The development comes after the Naira depreciated three times last week after months of gains.

Recall that the Economic and Financial Crime Commission resumed clamping down on cryptocurrency platforms in Nigeria amid the recent rise of the Dollar in the FX market.

Although analysts blamed the depletion of Nigeria’s foreign reserves for the Naira depreciation, the Central Bank of Nigeria, Governor Olayemi Cardoso, said it is due to foreign loan repayment.


As of April 15, the country’s FX reserves dropped to $32.29 billion.

ogododo:
FMDQ data indicated that the Naira depreciated to N1,234.49 per US dollar on Monday compared to N1,169.99 on Friday.

Similarly, the parallel forex market tumbled to N1200 per Dollar on Monday from N1,100 on Friday.


The development comes after the Naira depreciated three times last week after months of gains.

Recall that the Economic and Financial Crime Commission resumed clamping down on cryptocurrency platforms in Nigeria amid the recent rise of the Dollar in the FX market.

Although analysts blamed the depletion of Nigeria’s foreign reserves for the Naira depreciation, the Central Bank of Nigeria, Governor Olayemi Cardoso, said it is due to foreign loan repayment.


As of April 15, the country’s FX reserves dropped to $32.29 billion.




https://dailypost.ng/2024/04/22/again-naira-depreciates-by-n64-against-dollar-at-forex-market/

helinues:
Which one is again? Didn't it gain over the weekend?

See as how the op make the headline look like the loosing has been consistent

LagosFirstSon:
You're known for always supporting a failure . From buhari to Tinubu

The wrote naira depreciated but you ha to derail the thread to hide tinubu incompetence

ogododo:
FMDQ data indicated that the Naira depreciated to N1,234.49 per US dollar on Monday compared to N1,169.99 on Friday.

Similarly, the parallel forex market tumbled to N1200 per Dollar on Monday from N1,100 on Friday.


The development comes after the Naira depreciated three times last week after months of gains.

Recall that the Economic and Financial Crime Commission resumed clamping down on cryptocurrency platforms in Nigeria amid the recent rise of the Dollar in the FX market.

Although analysts blamed the depletion of Nigeria’s foreign reserves for the Naira depreciation, the Central Bank of Nigeria, Governor Olayemi Cardoso, said it is due to foreign loan repayment.


As of April 15, the country’s FX reserves dropped to $32.29 billion.




https://dailypost.ng/2024/04/22/again-naira-depreciates-by-n64-against-dollar-at-forex-market/

plumcomm:
never see good people them,na hardship wey una Dey wish for this country go Dey torment una (insha Allah)

Alaigbo:
But you are well know to always wish the country evil that evil is what will eventually finish you n your entire household.

LagosFirstSon:
Read again maybe you will understand the comment

You're in the habit of supporting failures like buhari and Tinubu so I wish you well in this field of endeavor that you've choosed for yourself

LagosFirstSon:
Read again maybe you will understand the comment

You're in the habit of supporting failures like buhari and Tinubu so I wish you well in this field of endeavor that you've choosed for yourself

helinues:
6 and 9 can sometimes look alike all depends from the angle you are looking it from.

What you see as failure might be success to me, vice versa

Obi is a failure, a big one but to you he his know, why should I troll you about your opinion the way you have been doing?

Why is it so hard for you and your lots to respect others opinion?

LagosFirstSon:
Helinues use your main moniker , stop switching to your alts . I'm way smarter by Tinubu supporters .

Alaigbo:
You should have forced him to support the pandora bastard n lunatic criminal Peter Pandora. Obi that sleep wake up n eat with your ipob tribesmen by force now.

That way all this your foolish wailing n lunatic rant won't be needed.

LagosFirstSon:
Tinubu was rejected in the two states he comes Osun and Lagos in the presidential election and we now know why.

Look around the country and you will see why Tinubu was rejected by his brethrens in Osun and Lagos .

How much is bag of rice in your area bro ?

coolgb:
You are far from being smart if you think am helinues
Like I said earlier Vaseline can help you
You don't just get unnecessarily ecstatic with bad news
Check your psychic

LagosFirstSon:
Helinues, I see you're firing from all angle with your main and alt accounts. But, it's Ok