₦airaland Forum

The naira lost N106.7 against the dollar in the last 48 hours at the official foreign exchange market.

This comes as the naira further weakened against the dollar in the foreign exchange market as FX supply dropped on Wednesday.

FMDQ data showed that the naira dropped to N 1659.69 per dollar on Wednesday from N1658.97 exchanged on Tuesday. This represents N0.72 loss.

DAILY POST recalls that on Tuesday the naira dropped significantly by N106.05 against the dollar.

Data from the World Bank showed that the naira was among the worst-performing currencies in Africa.

The only time it gained this week against the dollar was on Monday.

Fluctuations in Nigeria’s FX market have continued untamed despite interventions by the Central Bank of Nigeria, CBN.

Meanwhile, Yemi Cardoso, the Governor of CBN, who spoke at the House of Representatives Committee on Banking Regulations said Nigeria has enough in its external reserves, which stood at $39.12 billion.

Ikaeniyan0:
naira will soon start gaining against the dollar

Source1989:
Who do us this thing

RingRoadCartel:
Lmao, what makes this funny is that people like you who defend that grotesque-looking subhuman in Aso Rock knows that you're not fooling anyone. But you just drop the "positive" comment anyway and move on.

Donaldoni:
What do you expect when Buhari and Emefiele injected over NGN20trillion into the economy from thin air

We don't even have enough physical cash to back up our electronic cash

RingRoadCartel:
Osanobua roast your my scrotum there for bringing Emefiele into this! Was the naira this worthless under him? All you people do is blame and shift goal post, no real forensic insight

Ikaeniyan0:
Naira will start gaining against the us dollar very soon

RingRoadCartel:
Do you marijuana?

Cassandraloius:
Just as it should be. I'm not surprised at all. Because Nigeria and bad news is like bread and butter.

Ikaeniyan0:
naira will soon start gaining against the dollar

Donaldoni:
Everything under Buhari and Emefiele was FAKE and UNSUSTAINABLE. We were heading for economic perdition!

Ikaeniyan0:
naira will soon start gaining against the dollar

zombieHUNTER:
Everything under the devilish party was fake and unstable, but Buhari was far better than Tinubu in all ramifications..

Buhari paid subsidy but Tinubu without paying subsidy has borrowed money than Buhari

Gadafii:
Not even a single minister appointed by Buhari is working efficiently at %10

Even the power minister we thought was working a bit fine has disgraced himself with the national grid collapsing collapsing every two months

Meanwhile Buhari is abroad recharging his battery while shettima is God knows where attending events with no immediate and decisive change to Nigerias issues.

We really dodged a bullet of PO to be slammed in the face with ballistic missiles of tilinbu 🤦‍♂️🤦‍♂️

helinues:
Toh

LegendHero:
They don give up.

Cardoso don show them pepper. Which mouth they wan use say na propaganda when in the next few days dollar go show closer to that price.

Even for WorldRemit now, na N1173 to the $

iwaeda:
Is Buhari your president?