Naira Depreciates To N1,645/$ In Parallel Market - Business

Naira Depreciates To N1,645/$ In Parallel Market - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Depreciates To N1,645/$ In Parallel Market (8417 Views)

Naira Depreciates To N1,645/$ In Parallel Market by ogododo(op): 9:19am On Sep 19, 2024

The Naira yesterday depreciated to N1,645 per dollar from N1,640 per dollar on Tuesday.

However, the Naira appreciated to N1,539.65 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,539.65 per dollar from N1,656.49 per dollar on Tuesday, indicating N116.84 appreciation for the naira.

The volume of dollars traded (turnover) in the official market grew by 38.9 percent to $139.48 million from $100.39 million traded on Tuesday.

Consequently, the margin between the parallel market and NAFEM rate widened to N105.35 per dollar from N16.49 per dollar on Tuesday.

https://www.vanguardngr.com/2024/09/naira-depreciates-to-n1645-in-parallel-market-2/

3 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by EyeCumInPeace: 9:21am On Sep 19, 2024*

We still dey balablu and $1 don reach ₦1.6k.
By the time we enter Bulaba, na over ₦3k be that. grin

46 Likes 2 Shares

Re: Naira Depreciates To N1,645/$ In Parallel Market by longetivity(m): 9:43am On Sep 19, 2024

Tinubu is a one term president.

55 Likes 2 Shares

Re: Naira Depreciates To N1,645/$ In Parallel Market by iwaeda: 9:57am On Sep 19, 2024

ogododo:
The Naira yesterday depreciated to N1,645 per dollar from N1,640 per dollar on Tuesday.

However, the Naira appreciated to N1,539.65 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Why we abandoned our respective businesses to take up keke riding — Mr & Mrs Akinbo0:00 / 1:00

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,539.65 per dollar from N1,656.49 per dollar on Tuesday, indicating N116.84 appreciation for the naira.

The volume of dollars traded (turnover) in the official market grew by 38.9 percent to $139.48 million from $100.39 million traded on Tuesday.

Consequently, the margin between the parallel market and NAFEM rate widened to N105.35 per dollar from N16.49 per dollar on Tuesday.

https://www.vanguardngr.com/2024/09/naira-depreciates-to-n1645-in-parallel-market-2/

E fokan bale, ama gbe waalę. Where is Wasiu Ayinde to put music. Tinubu will tax you to death. Nlfpmod, we warned you ALL. grin

15 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by Damian911: 10:03am On Sep 19, 2024

Omoh at this rate E be like say Zimbabwe will be child's play compared to what's at the end of the tunnel oh embarassed

hmmm

19 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by MaiDeribe: 10:30am On Sep 19, 2024

Balablue aka T-Pain on the beat.

25 Likes 4 Shares

Re: Naira Depreciates To N1,645/$ In Parallel Market by Sacchi1162(m): 10:30am On Sep 19, 2024

I now understand why they call this man T-Pain undecided

36 Likes 2 Shares

Re: Naira Depreciates To N1,645/$ In Parallel Market by NiceLegs(m): 10:31am On Sep 19, 2024

Road to N2000

We move.

13 Likes 1 Share

Re: Naira Depreciates To N1,645/$ In Parallel Market by Jestin: 10:31am On Sep 19, 2024

Tinubu came to kill, steal and destroy.

31 Likes 2 Shares

Re: Naira Depreciates To N1,645/$ In Parallel Market by EmekaBlue(m): 10:31am On Sep 19, 2024

Dongote refinery hype is not helping the country economy so far... Infact Tinubu the minister of petroleum and the president is using the whole country invested scheme to cash out heavy on what most common Nigerians can't even know or see

14 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by flexyrule(m): 10:31am On Sep 19, 2024

You won't understand how bad it is, till you step out of Nigeria.

Don't go too far ooo. Just enter Cotonou. The Naira is already 2.8 times the CFA.

The best time to travel abroad was in. 2019. Now is the second best time.

The next president won't safe this country, he already has an excuse for failing. - the previous government. And the vicious cycle continues.

If you still have hope in Nigeria, then you can believe anything!

I can only but wish you luck.

39 Likes 5 Shares

Re: Naira Depreciates To N1,645/$ In Parallel Market by santaclaws: 10:31am On Sep 19, 2024*

EyeCumInPeace:
We still dey balablu and $1 don reach ₦1.6k.
By the time we enter Bulaba, na over ₦3k be that.

LOL... It is well o. May God help us.

3 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by ObalendeCMS: 10:31am On Sep 19, 2024

Still won't give up on my japa dream!

2 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by mustbewell: 10:31am On Sep 19, 2024

Lokan Emi

Re: Naira Depreciates To N1,645/$ In Parallel Market by olatwo(m): 10:31am On Sep 19, 2024

🤦‍♂️

1 Like

Re: Naira Depreciates To N1,645/$ In Parallel Market by Ibehchizzy: 10:31am On Sep 19, 2024

Thieffnubu is working

Orie ti daburu

5 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by saddler: 10:32am On Sep 19, 2024

Something that is 1662 this morning

6 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by TheAlchemist: 10:33am On Sep 19, 2024

Expect a rebound in Quater 2, 2031... cardoso😁

7 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by press9jatv(m): 10:34am On Sep 19, 2024

Hmm 🤔

Re: Naira Depreciates To N1,645/$ In Parallel Market by TechCapon(m): 10:34am On Sep 19, 2024

When is it hitting 2k

4 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by UpTown001(m): 10:34am On Sep 19, 2024

I wish I had escaped before this great Tinubulation cry

6 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by ZaddyJ: 10:36am On Sep 19, 2024

ObalendeCMS:
Still won't give up on my japa dream!

You still dey zuzu abi?
You better start na before tinubulation go increase your chances of living.

Laidis laidis I'm married to an American woman, so him no fit bring policy wey go affect me as half Nigerian and half Mericana grin

He fit come with a policy that will peg Nigerians who will be allowed to travel out at 60 and above come 2025
About that time eye go come clear u

4 Likes 1 Share

Re: Naira Depreciates To N1,645/$ In Parallel Market by highchief1: 10:36am On Sep 19, 2024

longetivity:
Tinubu is a one term president.

how do we stop him from rigging.Thats the only option he has

7 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by NaijaCover(m): 10:38am On Sep 19, 2024

Cha E 😞

1 Like

Re: Naira Depreciates To N1,645/$ In Parallel Market by OkCornel(m): 10:38am On Sep 19, 2024

And some people’s Messiah promised naira will exchange for 300 to the USD in 2024.

4 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by Kaybaba5(m): 10:38am On Sep 19, 2024

What do we gain from this topic abeg this suppose not to be on front page .

1 Like

Re: Naira Depreciates To N1,645/$ In Parallel Market by Freetech: 10:38am On Sep 19, 2024

You people have no other work than cooking up lies to stir emotion

$ was 1,660 at parallel market last week

How is 1,460 this week become a depreciation?

2 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by OkCornel(m): 10:38am On Sep 19, 2024

Dear Jagaban lovers,

What is the progress update on Tinubu’s eight point agenda he promised Nigerians in 2023? This is over one year now. How far?

1. food security;
2. poverty eradication;
3. growth,
4. job creation;
5. access to capital;
6. inclusion;
7. rule of law; and
8. fighting corruption

https://punchng.com/translating-tinubus-8-point-agenda-to-recovery/?amp

What about the 50 million jobs promised between 2023 to 2026? How many has Tinubu and his government created?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

4 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by Ngwamankillyou2(m): 10:38am On Sep 19, 2024

2000 all the Way tiefnubu the best Yoruba man is a sophisticated failed accountant illiterate drug pushers ghetto man..he should learn economic managing from his master Jonathan the great Igbo son.

Kiss the bitter Truth.

4 Likes

Re: Naira Depreciates To N1,645/$ In Parallel Market by Maxymilliano(m): 10:39am On Sep 19, 2024

Tinubu should invoke the God of Chosen for intervention

2 Likes

1 2 Reply

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