₦airaland Forum

The Naira yesterday appreciated to N1,490 per dollar in the parallel market from N1,502 per dollar on Tuesday. Similarly, the Naira appreciated to N1,499.8 per dollar in the Nigerian Foreign Exchange Market (NFEM)

Data published by FMDQ showed that the indicative exchange rate for the naira fell to N1,499.8 per dollar from N1,501 per dollar on Tuesday, indicating 20 kobo appreciation for the naira. Consequently, the margin between the parallel market and NFEM rate widened to N9.8 per dollar from 50 kobo per dollar the previous day.

Source: https://www.vanguardngr.com/2025/02/naira-rises-to-n1490-in-parallel-market/

Abeg, Which Time Will Dollar Fall To 1,000Naira

Keep rising. This is what demonic NNPCL n co did to us for decades. Without fuel import, we would be looking at a far stronger Naira today. They are still secretly swapping crude from random news we are reading.

Till it comes down to 200 before..

Things are looking good! The country is repositioning for greatness!! Nigeria shall rise again and favour us all!!!

[quote author= post=134315683]Abeg, Which Time Will Dollar Fall To 1,000Naira[/quote]This economy crisis is a global one.... But Nigerians always point fingers to it's leaders......

Simply because they refused to sub their DSTv to see global news.

Somebody should wake me when the Naira appreciation starts affecting the soaring cost of commodities.

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Okay nah

JASONjnr:
This economy crisis is a global one.... But Nigerians always point fingers to it's leaders......

Simply because they refused to sub their DSTv to see global news.

Well, I guess all countries are have an inflation of over 30% right?

US inflation went from 2% to 3% and they're panicking, ours is over/around 30% and you want us to believe its a global thing.

Our currency was one of the worse performing currency, and u say its a global thing. Well thank God the currency is now performing.

We know there's a global crises but our leaders make up 90% of Nigeria's problem.

He finally has started backing the naira with our reserve.this should never have stopped in the first place. Floating the naira is the biggest mistake of this administration

Gradually

baconline:
He finally has started backing the naira with our reserve.this should never have stopped in the first place. Floating the naira is the biggest mistake of this administration

Lol. They were denying it sef. Not knowing that FX reserves be like pregnancy. E must show.

We should be at around $38bn or less now from 40bn. End of month we go know.

God Bless President Bola Tinubu

God Bless Federal Republic of Nigeria

They know the issue is with Fuel but they are busy chasing Binance while protecting their Malta business

All through PDP's 16 years tenure fuel price never rose to #120. Just 1 year plus of Tinubu's Presidency and we have seen our ears clearly with our eyes 😁😅😂🤣

Let it get to #200 first before we start commending them

We are getting there

[quote author= post=134315680]Source: https://www.vanguardngr.com/2025/02/naira-rises-to-n1490-in-parallel-market/[/quote]Stop misinforming the public. There's only one rate and you can walk into a bank to do your fx transaction.

Black market is not a parallel market. If you are doing parallel market then it's arbitrary and not efficient for reference.

After Tinubu used 8 billion dollars to support it. What is there to celebrate here? Tinubu is clueless.

Where he rise? I was still charged 1600 yesterday. Eyin oniro oshi.

Aboki no dey get USAID dollars again. It was a sellers market before.

Poko-a-poko.
Small-small, he don dey come down.
And gradually, He go reach USD1 to NGN130

FreeStuffsNG:
Stop misinforming the public. There's only one rate and you can walk into a bank to do your fx transaction.

Black market is not a parallel market. If you are doing parallel market then it's arbitrary and not efficient for reference.

? ? ? ? ? ? ?

If it's not N180 as GEJ left it we are still being cheated.

Good news