Naira Appreciates To N1,725/$ In Parallel Market - Business

Naira Appreciates To N1,725/$ In Parallel Market - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Appreciates To N1,725/$ In Parallel Market (8387 Views)

Naira Appreciates To N1,725/$ In Parallel Market by NaijaCover(op): 7:25am On Oct 30, 2024

The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,730 per dollar on Monday.

Similarly, the Naira appreciated to N1,630.45 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,630.45 per dollar from N1,670.65 per dollar on Monday indicating N40.2 appreciation for the naira.

The volume of dollars traded (turnover) in the official market increased by 198.8 percent to $242.59 million from $81.17 million traded on Monday.

Consequently, the margin between the parallel market and NAFEM rate widened to N94.55 per dollar from N59.35 per dollar on Monday.

Source: https://www.vanguardngr.com/2024/10/naira-appreciates-to-n1725-in-parallel-market/

5 Likes 2 Shares

Re: Naira Appreciates To N1,725/$ In Parallel Market by NaijaCover(op): 7:25am On Oct 30, 2024

I'm Just Speechless, Honestly Speaking

17 Likes 1 Share

Re: Naira Appreciates To N1,725/$ In Parallel Market by MrAmbrose(m): 7:29am On Oct 30, 2024

should we dance or cry? I'm not surprised at all.

Re: Naira Appreciates To N1,725/$ In Parallel Market by saintjimos(m): 7:35am On Oct 30, 2024

December it will hit 2k

21 Likes 1 Share

Re: Naira Appreciates To N1,725/$ In Parallel Market by HenryThegreat1(m): 8:35am On Oct 30, 2024

Appreciate?
Lagos boys are terrible economy management.

46 Likes 1 Share

Re: Naira Appreciates To N1,725/$ In Parallel Market by Boogyman557: 9:21am On Oct 30, 2024

Holly Gram cool

T PAIN ooooo!

EBIN PAWA !

LITE UP my WEED in peace

WTF MAN!

21 Likes 1 Share

Re: Naira Appreciates To N1,725/$ In Parallel Market by emmabest2000(m): 9:35am On Oct 30, 2024

post=132654878:
The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,730 per dollar on Monday.

Similarly, the Naira appreciated to N1,630.45 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,630.45 per dollar from N1,670.65 per dollar on Monday

2 Likes 1 Share

Re: Naira Appreciates To N1,725/$ In Parallel Market by kennyz247(m): 10:12am On Oct 30, 2024

Nigeria is on a long thing

2 Likes

Re: Naira Appreciates To N1,725/$ In Parallel Market by PlasmaTV: 10:12am On Oct 30, 2024

Appreciates?
When the illiterate government banned Binance and arrested its executives, they claimed that the naira would stabilize. They equally claimed that Binance was responsible for the naira depreciation.

Here on nairaland, nincompoops were jubilating instead of holding their government responsible.

Now, they've banned Binance but the currency is one of the most underperforming in the world. Who are they going to blame now? America?

Shame on illiterates who gave excuses instead of holding their government responsible. Shame on them.

39 Likes 4 Shares

Re: Naira Appreciates To N1,725/$ In Parallel Market by Anonimoux: 10:12am On Oct 30, 2024

Oh it's ₦1,700 now?.

2 Likes

Re: Naira Appreciates To N1,725/$ In Parallel Market by Dagger79(m): 10:13am On Oct 30, 2024

No words

1 Like

Re: Naira Appreciates To N1,725/$ In Parallel Market by Quelme: 10:13am On Oct 30, 2024

Currently checking LemFi, December go loud gan!!!

1 Like 1 Share

Re: Naira Appreciates To N1,725/$ In Parallel Market by UnitedKingdom: 10:13am On Oct 30, 2024

T-Pain I'm not impressed. I need the Naira to hit £1 to N3k by December. I'll be so happy because I have a project to execute before 15th December.

11 Likes

Re: Naira Appreciates To N1,725/$ In Parallel Market by kcprince: 10:13am On Oct 30, 2024

With clueless people at the helm of affairs I am expecting it to get to 2k.

Below is the 12month candle stick chart for naira (official rate) with each candle representing a year. You can see how long the candle keeps getting every year. At that rate 3k may be hit next year.

9 Likes 1 Share

Re: Naira Appreciates To N1,725/$ In Parallel Market by ObalendeCMS: 10:13am On Oct 30, 2024

*hisses*

Re: Naira Appreciates To N1,725/$ In Parallel Market by Kpartners: 10:14am On Oct 30, 2024

Tell that to the marine
It is 1745-1750, and we are expecting it at 2k in about 6 weeks time, it is not going to be easy for Nigerians as we await 2025

10 Likes

Re: Naira Appreciates To N1,725/$ In Parallel Market by Trumpdonald5: 10:14am On Oct 30, 2024

Funny govt, funny country.

Anyway, if you want to travel abroad but do not have the required bank balance to process your visa application, kindly check my profile.

Re: Naira Appreciates To N1,725/$ In Parallel Market by Dbegining: 10:14am On Oct 30, 2024

His government has failed in all sectors.
Economy,
Security
Polices
I mean just look at what is happening in the North right now. 17 northern states without light and the NSA initially said, the TCN shouldn't go to the site where the towers were spoilt because bandits are there. So, bandits are now superior to the Nigerian government!?

Not even forgetting that the towers were bombed by bandits!

3 Likes

Re: Naira Appreciates To N1,725/$ In Parallel Market by Teewonders(m): 10:14am On Oct 30, 2024

And this is making front page

1 Like

Re: Naira Appreciates To N1,725/$ In Parallel Market by Antoeni(m): 10:14am On Oct 30, 2024

Wetin Olodo CBN Governor And Baba T-Pain Sabi?
Nothing

4 Likes

Re: Naira Appreciates To N1,725/$ In Parallel Market by temmyyem: 10:15am On Oct 30, 2024

These are the last days. Economy, infrastruture, religion, politics, education etc have been weaponised against our people.

1 Like

Re: Naira Appreciates To N1,725/$ In Parallel Market by Dougad: 10:15am On Oct 30, 2024

Tinubu faggôt boys are about to jump in and stand on his ~~dick~~ mandate for this appreciation.

7 Likes 1 Share

Re: Naira Appreciates To N1,725/$ In Parallel Market by bentenny(m): 10:17am On Oct 30, 2024

Lol

Re: Naira Appreciates To N1,725/$ In Parallel Market by OT2024: 10:17am On Oct 30, 2024

The gain is minimal.

The naira still has a long way to go. It is very disheartening that the naira will slide to this level.

Really, it is disheartening.

2 Likes

Re: Naira Appreciates To N1,725/$ In Parallel Market by saintbillion(m): 10:17am On Oct 30, 2024*

Was thinking as them catch binance naira go drop.

Even the new national anthem can't save the naira

1 Like

Re: Naira Appreciates To N1,725/$ In Parallel Market by EmekaBlue(m): 10:19am On Oct 30, 2024

Appreciate word used here like say na good thing

2k loading by december... Nigerians don enter! Nigerians earning in dollars don blow more

6 Likes

Re: Naira Appreciates To N1,725/$ In Parallel Market by BlocksNG(m): 10:19am On Oct 30, 2024

shame is like Nigerians, they are hopeless.

Re: Naira Appreciates To N1,725/$ In Parallel Market by Exceed15: 10:19am On Oct 30, 2024

See una life .. APC supporters.. LOL

1 Like

Re: Naira Appreciates To N1,725/$ In Parallel Market by id4sho(m): 10:21am On Oct 30, 2024

Re: Naira Appreciates To N1,725/$ In Parallel Market by Offpoint1: 10:21am On Oct 30, 2024

At this point Nigerians don't anymore.

1 2 3 Reply

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