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Naira Down To N1,555/$ In Parallel Market - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Down To N1,555/$ In Parallel Market (8237 Views)

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Naira Down To N1,555/$ In Parallel Market by ogododo(op): 8:17am On Jul 16, 2024
The Naira yesterday depreciated to N1,555 per dollar in the parallel market from N1,545 per dollar last week Friday. Similarly, the Naira depreciated to N1,577.29 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,577.29 per dollar from N1,563.8 per dollar last week Friday, indicating N13.49 depreciation for the naira.

The volume of dollars (turnover) traded on the window increased by 21.3 percent to $153.53 million from $126.5 million traded on Friday.

Consequently, the margin between the parallel market and NAFEM rates narrowed to N18.8 per dollar from N18.8 per dollar last week Friday.
https://www.vanguardngr.com/2024/07/naira-down-to-n1555-in-parallel-market/

Re: Naira Down To N1,555/$ In Parallel Market by Racoon(m):
Cardoso why are you not raiding BDCs or selling dollars/forex to them @ subsidized prices again. Guess you are now tired of the propaganda of subsidising the dollar with the naira?

So why are you no more accusing Biance and other cryptos as being responsible for your defective economic decisions affecting the naira thereby depicting your cluelessness and incompetency?
Re: Naira Down To N1,555/$ In Parallel Market by epondudu: 8:26am On Jul 16, 2024
Op what is good in this bad and useless news, Update should be when the dollar is back at at least 300.
Re: Naira Down To N1,555/$ In Parallel Market by Okete001(f): 8:43am On Jul 16, 2024
This is really sad.

We supported Tinubu in 2023 election because of his achievements/competence when he was the governor of Lagos State.

Should we be disappointed now?

Let's still keep our fingers crossed and still assume we can't feed a child suffering from kwashiorkor in a day and make him robust.

Please nobody should come and mention Obi here because we all know he was a failure in Anambra for 8 years.

If our current economy is like this under Tinubu, I wonder what it would be under a man like Obi who was a failure for 8 years in Anambra.
Re: Naira Down To N1,555/$ In Parallel Market by ogododo(op): 11:17pm On Jul 16, 2024
Nlfpmod when dollar go come down from upstairs.
Re: Naira Down To N1,555/$ In Parallel Market by emmabest2000(m): 8:20am On Jul 17, 2024
epondudu:
Op what is good in this bad and useless news, Update should be when the dollar is back at at least 300.
3000 you mean abi ?

Re: Naira Down To N1,555/$ In Parallel Market by Austineva(m): 8:21am On Jul 17, 2024
Zoo ooooo grin grin grin
All the animals in the zoo go sufferrrrr until they allow Biafrans to go
Re: Naira Down To N1,555/$ In Parallel Market by nairalanda1(m): 8:21am On Jul 17, 2024
Resource dependency

Dutch disease

Not running a productive economy

Manufacturing and exporting manufactured stuff

Resource dependency
Re: Naira Down To N1,555/$ In Parallel Market by Favbolu(m): 8:21am On Jul 17, 2024
Abeg many dollar come down, prices of gadgets is too high
Re: Naira Down To N1,555/$ In Parallel Market by nairaman66(m): 8:21am On Jul 17, 2024
Naira always down!
Re: Naira Down To N1,555/$ In Parallel Market by Hemanwel(m): 8:21am On Jul 17, 2024
Reno Omokri's Facebook and X followers too are calling people gullible. Wonders shall never cease!
Re: Naira Down To N1,555/$ In Parallel Market by Brendaniel: 8:21am On Jul 17, 2024
Okete001:
This is really sad.

We supported Tinubu in 2023 election because of his achievements/competence when he was the governor of Lagos State.

Should we be disappointed now?

Let's still keep our fingers crossed and still assume we can't feed a child suffering from kwashiorkor in a day and make him robust.

Please nobody should come and mention Obi here because we all know he was a failure in Anambra for 8 years.

If our current economy is like this under Tinubu, I wonder what it would be under a man like Obi who was a failure for 8 years in Anambra.
You are still deceived by the Lagos scam, we warned you guys about Tinubu, this topic was not supposed to involve Peter Obi but since you have brought him into it. I will clear your lies...

Fashola was far better than Tinubu and still at that, Data shows Peter Obi performed better than Fashola and yet you guys could not even pick Fashola to represent you guys, you chose the worst governor Lagos has ever had in history to represent you guys just because of hatred for Igbos and you are expecting magic to happen, Lagos was already what is was before Tinubu became governor and made him who he is today, Lagos would have been far better without Tinubu's involvement, Even Buhari has shown better performance than Tinubu. That's who you want to compare with Peter Obi..

Re: Naira Down To N1,555/$ In Parallel Market by highchief1: 8:21am On Jul 17, 2024
Racoon:
Cardoso why are you not raiding BDCs or selling dollars/forex to them @ subsidized prices again. Guess you are now tired of the propaganda of subsidising the dollar with the naira?

So why are you no more accusing Biance and other cryptos as being responsible for your defective economic decisions affecting the naira thereby depicting your cluelessness and incompetency?
Nigeria is bigger than all of us.even Jesus Christ cannot redeem the country now.Go and play the song e don cast
Re: Naira Down To N1,555/$ In Parallel Market by nony43(m): 8:22am On Jul 17, 2024
Y
Re: Naira Down To N1,555/$ In Parallel Market by Hollyharjii: 8:22am On Jul 17, 2024
Always depreciating
Re: Naira Down To N1,555/$ In Parallel Market by jige4topclass(m): 8:22am On Jul 17, 2024
There we go again.
Tinubu the economic magician we are seeing your abracadabra economy .
Later una go start to dey give us fake statistics through NBS.
Re: Naira Down To N1,555/$ In Parallel Market by Basic123:
Nairaland has been turned to speculation platform.

What is the important of this news.

Nairaland is not known for all this rubbish in his early years
Re: Naira Down To N1,555/$ In Parallel Market by EyeCumInPiece: 8:24am On Jul 17, 2024
Fellow Nigerians,
Happy Tinubulation.

Re: Naira Down To N1,555/$ In Parallel Market by Hemanwel(m):
You can fact-check me: Reno Omokri's candidate has never won the presidential elections since 2015. Himself na bad market to any presidential candidate. Hahahahahahahahahaha
Re: Naira Down To N1,555/$ In Parallel Market by Ddeliverer007(m): 8:25am On Jul 17, 2024
Okete001:
This is really sad.

We supported Tinubu in 2023 election because of his achievements/competence when he was the governor of Lagos State.

Should we be disappointed now?

Let's still keep our fingers crossed and still assume we can't feed a child suffering from kwashiorkor in a day and make him robust.

Please nobody should come and mention Obi here because we all know he was a failure in Anambra for 8 years.

If our current economy is like this under Tinubu, I wonder what it would be under a man like Obi who was a failure for 8 years in Anambra.
You are a fool
Re: Naira Down To N1,555/$ In Parallel Market by Ddeliverer007(m): 8:26am On Jul 17, 2024
This is what you get when you allow criminals to hijack the highest office in the land.

When we get angry enough, we would be free of them.
Re: Naira Down To N1,555/$ In Parallel Market by BABANGBALI: 8:26am On Jul 17, 2024
In Davido's voice dem go feel it. Una never see anything. All of una go suffer.
Re: Naira Down To N1,555/$ In Parallel Market by crossbreedwears(m): 8:26am On Jul 17, 2024
Something is wrong with Cardozo. I think he's in a confused state
Re: Naira Down To N1,555/$ In Parallel Market by Unclesamo(m): 8:28am On Jul 17, 2024
it is well
Re: Naira Down To N1,555/$ In Parallel Market by Okortor: 8:29am On Jul 17, 2024
Responsible men and father's are going through a lot this time ... if you don't have any responsibility..you don't know what God has done for you. Singles please remain single and don't jump into marriage else hell fire would be a child's play for you in marriage.

My prayer's and thought are with family with more than one kid, may God comfort and bless ya all.........

For tinubu, his reward awaits him in the world beyond.
Re: Naira Down To N1,555/$ In Parallel Market by UpTown001(m): 8:31am On Jul 17, 2024
Instead of the CBN governor to focus on advising the president to make the nation a more productive and resourceful territory. They are busy facing binance and okx and stopping millions of users from finding their path.
Re: Naira Down To N1,555/$ In Parallel Market by Prestar(m): 8:31am On Jul 17, 2024
Re: Naira Down To N1,555/$ In Parallel Market by Maski87: 8:32am On Jul 17, 2024
Okete001:
This is really sad.

We supported Tinubu in 2023 election because of his achievements/competence when he was the governor of Lagos State.

Should we be disappointed now?

Let's still keep our fingers crossed and still assume we can't feed a child suffering from kwashiorkor in a day and make him robust.

Obi would have been 100 times better, kwashiokor will soon 🌶 you

Please nobody should come and mention Obi here because we all know he was a failure in Anambra for 8 years.

If our current economy is like this under Tinubu, I wonder what it would be under a man like Obi who was a failure for 8 years in Anambra.
Re: Naira Down To N1,555/$ In Parallel Market by Brushstrokes20: 8:32am On Jul 17, 2024
eBOLA on reckless rampage 💯💯💯📢📢📢
Re: Naira Down To N1,555/$ In Parallel Market by shortgun(m): 8:32am On Jul 17, 2024
Celebration time for the real enemies of Nigeria who frustrated Goodluck Jonathan out of office when dollar was 216 only to be celebrating the same dollar at 1555

Re: Naira Down To N1,555/$ In Parallel Market by FitCorper: 8:33am On Jul 17, 2024
If you know how to interpret candle charts, you will understand this. Tinubu is on point to become the greatest supreme leader in the history of Naija. Naija growth go de increase every year till 8years .complete. Bleep the imf and world bank. I trust Jagaban, just look at the potential of Nigeria. It will always get hard before it gets right. Life ain’t supposed to be easy.

Re: Naira Down To N1,555/$ In Parallel Market by PARADIZEPRIEST: 8:35am On Jul 17, 2024
Those manipulating our currency go tire very soon,both govt official s and private sabotuers profiteering from this blood money,una go tire IFSHA. angry
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