₦airaland Forum

The Naira yesterday depreciated to N1,655 per dollar in the parallel market from N1,645 per dollar traded on Wednesday.

Similarly, the Naira yesterday depreciated to N1,649.76 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,649.76 per dollar from N1,558.75 per dollar on Wednesday, indicating N91.01 depreciation for the naira.

Consequently, the margin between the parallel market and NAFEM rate narrowed to N5.24 per dollar from N86.25 per dollar the previous day.

post=131978884:
Wetin Mr Blogger Go Do, Now Dollar Is High?

post=131978881:
Source: https://www.vanguardngr.com/2024/09/naira-depreciates-to-n1655-in-parallel-market/

Confirm4real:
People earning 💰 monthly in Nigeria will be smiling to the bank

Ikaeniyan0:
Before the end of 2024, Naira will be between the range of #1000-#1200/$

Ikaeniyan0:
So far they will be spending in naira, there's nothing to smile about

jmoore:
Tinubu is a disaster, a weapon fashioned against Nigeria.

citizenisb:
Former President Olusegun Obasanjo says President Muhammadu Buhari may not do well in economy and foreign affairs, except in military matters.

“Buhari is not a very hot person on the economy and foreign affairs,” Obasanjo said.

The former President stated this on Monday at the third International Conference on African Development Issues — themed, “Driving inclusive and sustainable development in Africa: Models, methods and policies” — organised by Covenant University, Ota, Ogun State.

While reacting to a question posed to him by a member of the audience: “Is there any hope for Nigeria under the administration of President Muhammadu Buhari?”, Obasanjo replied, “Is there any hope for Nigeria under this administration? I came back from Geneva, Switzerland a few days ago to attend a conference titled, ‘Are elections giving democracy a bad name?’ We had an election, we elected a leader and the good thing about democracy is that the power you have to elect a leader is also the power you have to remove him. I am saying this because I said earlier that if you don’t see any leader that has done well in the 56 years of Nigeria’s independence, then let us forget about Nigeria.

“I will tell you what I know and I will tell you what I don’t know. I know Gen. Muhammadu Buhari. He served under me in the military. His characteristics that I know, his behaviour that I know, he has not deviated from them. He was never a perfect man, he is not a perfect man and no leader can ever be a perfect man because they are human beings. But if you read my book, what I said about him is correct. He is not a hot person when it comes to economy. He is not a very hot person when it comes to foreign affairs. But he will do well in matters of military and he will do well in fighting Boko Haram.”


http://www.punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/