₦airaland Forum

The Naira yesterday depreciated to N1,670 per dollar in the parallel market from N1,660 per dollar on Tuesday. Similarly, the Naira depreciated to N1,550 per dollar in the official foreign exchange market.

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) rose to N1,550 per dollar from N1,549 per dollar on Tuesday, indicating N1 depreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate widened to N120 per dollar from N111 per dollar on Tuesday.

Source: https://www.vanguardngr.com/2025/01/naira-down-to-n1670-in-parallel-market-2/

From 1,500naira To 1,670 Per Dollar, Nawa o

Sai Baba , On your hairy testes we stand 🙌🏿

[quote author= post=133738496]Source: https://www.vanguardngr.com/2025/01/naira-down-to-n1670-in-parallel-market-2/[/quote]Nice one

[quote author= post=133739321]How Is It Nice?[/quote]How is it not NICE? So u want it to remain HIGH?
Even tho it's not paying me becos when I change £ to N it will be below 2 grand but I found out it doesn't worth it, they buy in hiked price as well then I needed to send more each time

Dreamhighnow:
But you can't blame the guy. Face the people who handles the economy of the country and the president. It doesn't matter what an individual think. Some want it high.some what it low. Every country has speculators. But leadership determines

i get you, i wish too but i am not selfish and it doesnt affect me directly as the economy av lil or NO impact on my LIFE at the moment but i am still positive and PRAYING for them back home.. but NIGERIANS on their own dont know what they want, imagine dem still HOPING on INCREASE, who's life will get HARDER ?

Wealthoptulent:
Nice one

How Is It Nice?

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Government is yet to get things right
Dollar keeps falling and rising.
1,670 is seriously high and add to market forces towards inflation.

Earn in naira and save in dollars

Ok. No problem

Even nairaland FOOLS will call this progress.

Bunch of wasted sperm.

[quote author= post=133738509]From 1,500naira To 1,670 Per Dollar, Nawa o[/quote]BadNews.
It's understandable that things no dey gree good in Nigeria anytime it turn bad. We are tired of suffering

Tinubu is working. He knows how to assemble men.

Let's handle your Graphics

Naira don go back

[quote author= post=133738496]Source: https://www.vanguardngr.com/2025/01/naira-down-to-n1670-in-parallel-market-2/[/quote]The growing gap between the parallel market and official exchange rates directly impacts Nigeria's cost of living. Being heavily import-dependent, a weaker Naira means higher prices for imported goods, from food to electronics, pushing up inflation. This discrepancy also fuels market instability, making essential commodities even less affordable for the average Nigerian, further straining household budgets.

And I just sold some coins last night
Mtchew

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Lol...instead of demanding transparency and accountability from an administration whose policies are failing and impoverishing Nigerians everyday,some dumb elements in their youthful stage have stupeedly preoccupied themselves with a coup that happened more than 50 years ago!
Some one even blamed the removal of the regional government structure on a military head of state but yet successive civilian presidents never deemed it fit to bring back such structure!
Will a reminder of the 1966 coup provide the basic necessities for the common man to strive in Nigeria?

I'm not an harbinger of doom. But everybody should get ready . I see naira rising to as high as 2,500 this year, causing serious hunger and death

This I have seen

Naira will fall below 2k before june... Who wants to bet.



50% of my funds are in Bitcoin... I ain't going to make thesame mistake i made last year.

0.6% change.

If Vanguard is having a slow news day, let them go and interview hungry people on the streets. Not pointless articles like this.

Onlinetutor7:
Become a CAC Expert today.

You're struggling with hunger, yet you're trying to teach us how to make money. How does that even make sense?

[quote author= post=133739321]How Is It Nice?[/quote]He's taking the piss
You won't see zombies on this thread

Those that know how to interpret this current government policies should please interpret this to us. How is this going to favor others just the way it is favouring party members and those from a particular region?

And it will affect prices of many things, and the government doesn't care.

Dollars moved from abroad to Nigeria during the festive period by our yankee brothers and sisters don dey finish. Expect the naira to fall more against the dollar as the year goes by.

Upon all the economic policies