₦airaland Forum

The Naira yesterday depreciated to N1,650 per dollar in the parallel market from N1,645 per dollar on Wednesday.

Similarly, The Naira depreciated to N1,544.02 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,544.02 per dollar from N1,539.65 per dollar on Wednesday, indicating N4.37 depreciation for the naira. The volume of dollars traded (turnover) in the official market declined by 37.2 percent to $87.51 million from $139.48 million traded on Wednesday.

Consequently, the margin between the parallel market and NAFEM rate widened to N105.98 per dollar from N105.35 per dollar on Wednesday.

Source: https://www.vanguardngr.com/2024/09/naira-down-to-n1650-in-parallel-market/

How Can MR BLOGGER, Pay For WEB HOSTING

Tinubu will handle the economy and Shettima will handle security.

Amoda is confused at the moment.

The day I read Cardoso's speech at the national Assembly questions and answer with the senate, I said this one doesn't sound serious at all, he just kept on beating around the bush with English.

Tinubu has shown that Lagos can be governed by almost anybody, the scam has been exposed, I only pity those who still hope in Tinubu's government.

Smh

Flopped policies since May 29, 2023

You can't float a currency like naira and expect positive result and that's why everywhere is tight

1650 is not the real value of naira, naira is currently undervalued big time

Okay

Can I hear someone say...Tinubuuuuul

That's the first propaganda message we heard from the Nigeria Stock Exchange immediately after he reeled out that heinous policy of floating the naira. Importers and businesses are even struggling to get fx now than they were doing before the policy so, the purpose has since been defeated.

Nigeria was said to be giants of africa yet, our per capita income didn't reflect this. That policy is anti-SME, it's anti people. Whenever Tinubu's supporters say, people should endure the hardship because Nigerians would soon enjoy, just the way their lying leaders always reassure them, I always wonder if they were living in the moon when they said same to us during the Buhari's administration. Now is even far worse than then.

it should reach 2500 before christmas
mumu nigerians and dollar

A country of stupid people!! This is what you all deserve!

Cardoso don't know who to blame now.

Okay

up and down!

Inflated regime

Sermwell:
A country of stupid people!! This is what you all deserve!

Are your parents and kin from the same country with stupid people?

This Tinubu’s administration is a failure

AmalaAtiEwedu:
it should reach 2500 before christmas
mumu nigerians and dollar

Are your parents Nigerians too?

Very unfortunate.
Really very unfortunate, how the idiotic electoral choices made by some base thinkers, will ultimately end up affecting everyone, and unravelling the whole country in the process.

They said once dangote kick start... It will come down...lmao

If there's one thing I've learnt in this Nigeria drama...

What the purpose of all the university degrees and PhD these people claim they have , if they don't even know anything about stabilizing the economy.

The people who are in the heads of affairs in this country are not different from the tomatoes and pepper sellers on the street.

They are not different from the Igbo guys who sell spare parts in ladipo and can't speak English.

AntiChristian:
Are your parents and kin from the same country with stupid people?

Lol...my parents are not even Nigerians!!

You're funny tho

Putting the news on front page serves no purpose other than to cause panic buying which will further aggravate the problem!

Where is the God of my Pastor aka I AM CHOSEN make he bring am to N1/$?

Some kind of miracles are impossible to fake!

lonelydora:
Tinubu will handle the economy and Shettima will handle security.

Amoda is confused at the moment.

No big deal. This is the true value of your currency as at now and not the artificial value of the past. What is of utmost importance now is the volatility which isn't much.

We’re doomed

Sermwell:
A country of stupid people!! This is what you all deserve!

The most stupid people on this planet. In a sane country ACP should not have won a single state after the mess Buhari made, but low intelligence Nigerians voted on ethnic and religious basis for basket case, who could not even show up for any debate. Now the same people are complaining all over the place. Their suffering is just starting. By the time Tinubu and his goons finish with Nigeria, Doctors and Lawyers will be riding bicycle to work

Here we go

The calamity of a president does not care, with their dumb palliative.

Since 2016. All of them fake.

AntiChristian:
Are your parents Nigerians too?

No they are from Biafra

Vision101:
No big deal. This is the true value of your currency as at now and not the artificial value of the past. What is of utmost importance now is the volatility which isn't much.

What does volatility mean?

T-pain