Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market - Business

Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market (14739 Views)

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Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ogododo(op): 6:38am On Jul 26, 2024

The naira crossed the N1,600 mark against the dollar at the official foreign exchange market on Thursday.

FMDQ data on Thursday showed that the naira depreciated to N1,603.80 per dollar on Thursday from N1,586.71 traded on Wednesday, recording a N17 loss.

Similarly, at the black market, the naira further depreciated to N1,593 per dollar on Thursday from N1,585 exchanged on Wednesday.

The figures from both official and parallel foreign exchange markets showed that the naira declined further against the dollar and other FX.

DAILY POST reports that this is the fourth consecutive time the naira is depreciating against the dollar, despite the Central Bank of Nigeria’s intervention last week.

The development comes despite CBN’s sales of $106.5 million FX to authorised dealers last week Thursday and Friday amid a demand surge.

https://dailypost.ng/2024/07/25/dollar-to-naira-exchange-rate-hits-n1603-80-on-official-fx-market/

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by UnitedKingdom: 6:40am On Jul 26, 2024

Thank you Tinubu

69 Likes 2 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by LagosPrince: 6:44am On Jul 26, 2024

Tinubu is a failure it's obvious

93 Likes 1 Share

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by EyeCumInPiece: 7:02am On Jul 26, 2024*

God abeg deliver your people from this disastrous éBola plague.

119 Likes 9 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by AqualinaXYZ: 7:27am On Jul 26, 2024*

I pray it gets to 10k per $ before Christmas

Make hunger choke una well well

80 Likes 1 Share

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ogododo(op): 8:39am On Jul 26, 2024

Nlfpmod, water don pass garri.

18 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ClassicMan202(m): 10:30am On Jul 26, 2024

We are getting there gradually.

Just keep standing on the mandate. grin

76 Likes 4 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Ebukamatth(m): 10:30am On Jul 26, 2024

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Olichoke: 10:30am On Jul 26, 2024

It's is well.

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by PlasmaTV: 10:30am On Jul 26, 2024

Reno, the dollar has hit an all time high against the naira under Tinubu's regime.

Fact check me or win $10,000.

92 Likes 13 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by handsomeyinka(m): 10:30am On Jul 26, 2024

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by 2RightHands1Coc(m): 10:31am On Jul 26, 2024

Rent, electricity, fuel, pepper /tomatoes, electricity, eggs, bread, beans,transport... this man has ruined everything

85 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Cj4charles(m): 10:31am On Jul 26, 2024

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by adebayo201: 10:31am On Jul 26, 2024

Tinubu is doing well... 😁 😁

Next time you no go collect money to vote.

82 Likes 9 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by manuelkel(m): 10:31am On Jul 26, 2024

no go hope on naira, minimum wage ti wa

9 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by AUTOCRATIC(m): 10:31am On Jul 26, 2024

Pressure ti wa

13 Likes 1 Share

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Funkyswagzz(m): 10:31am On Jul 26, 2024

We should give tinubu time he is trying to sell us out. Give him like extra 2yrs he might make us citizens of China 😂😂

72 Likes 9 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by freshkpomo(m): 10:31am On Jul 26, 2024

Is 212 to a Dollar okay? Fuel must be 65 naira or we will dance naked at obalende lol.....

29 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by specialmati(m): 10:31am On Jul 26, 2024*

you can't give your presidential seat to a renowned drug lord,and expect the leadership of a priest.one thing with drug lord is they don't have conscience again it's burned.once upon a time

49 Likes 5 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ifytrik(m): 10:31am On Jul 26, 2024

How can I change all my savings from naira to dollar for goodness sake? I am living Nigeria very soon and all my money is still in Naira, to make matter worst, their is only one bank were I am( unity bank) and they said they can not open a dollar account, how can I change my savings to dollar? Help a brother

19 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by ifytrik(m): 10:31am On Jul 26, 2024

This government is a total failure, only fools will support their second term ambition

32 Likes 1 Share

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Ournolly: 10:31am On Jul 26, 2024

It's now clear that APC have only one mission - to drag Nigeria to the mud and they are working very hard to achieve their sinister mission.

23 Likes

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by dann190: 10:31am On Jul 26, 2024

And he keeps asking for more time... to do what exactly huh

? Till it crosses the 2k mark eh? We Don enter one chance noni

42 Likes 4 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by zinaunreal(m): 10:31am On Jul 26, 2024

Hahahahaha

1 Like

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by TableLeg(m): 10:32am On Jul 26, 2024

Cardoso how far?
Eyin Oloriburuku jatijati!

30 Likes 2 Shares

Re: Dollar-to-naira Exchange Rate Hits N1603.80 On Official FX Market by Racoon(m): 10:32am On Jul 26, 2024

Tinubu’s tribulation and tinubulation gazelle gagara dollar macroeconomic cataclysm! Brace for more impact Nigerians Reno Omokri where are you? Abi nah Peter Obi and Arise TV they cause this spike again?

28 Likes 2 Shares