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Naira Down To N1,510/$ In Parallel Market - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Down To N1,510/$ In Parallel Market (8042 Views)

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Naira Down To N1,510/$ In Parallel Market by NaijaCover(op): 7:46am On Mar 04, 2025
The Naira yesterday depreciated to N1,510 per dollar in the parallel market from N1,505 per dollar last weekend.

But the Naira appreciated to N1,499 per dollar in the Nigerian Foreign Exchange Market (NFEM) Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,499 per dollar from N1,500 per dollar last week Friday, indicating N1 appreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate widened to N11 per dollar from N5 per dollar last weekend.
Source: https://www.vanguardngr.com/2025/03/naira-down-to-n1510-in-parallel-market/

Re: Naira Down To N1,510/$ In Parallel Market by NaijaCover(op): 7:47am On Mar 04, 2025
Abeg, When Will Dollar Sell At 1,000naira Please
Re: Naira Down To N1,510/$ In Parallel Market by techaboki: 8:19am On Mar 04, 2025
E don start
Re: Naira Down To N1,510/$ In Parallel Market by id4sho(m): 8:19am On Mar 04, 2025
Make e no pass like this oOoOO angry because petrol price will go up. Which kind wahala b dis😥

Re: Naira Down To N1,510/$ In Parallel Market by HenryThegreat1(m): 8:19am On Mar 04, 2025
They are tired of defending it.
Foreign reserves is depleting every second...
Re: Naira Down To N1,510/$ In Parallel Market by LibertyRep: 8:19am On Mar 04, 2025
Can the Govt just make this rate stable
Re: Naira Down To N1,510/$ In Parallel Market by TimiofAbuja: 8:19am On Mar 04, 2025
the only stability we need is production.
Re: Naira Down To N1,510/$ In Parallel Market by morikee: 8:20am On Mar 04, 2025
Hmm Bad News
Re: Naira Down To N1,510/$ In Parallel Market by 1bunne4lif(m): 8:21am On Mar 04, 2025
Naira down? May it get well soon.
Nairaland resident pastor should come let's put the NAIRA in our prayers
Re: Naira Down To N1,510/$ In Parallel Market by Hemanwel(m): 8:21am On Mar 04, 2025
The naira will appreciate against the dollar to N1,200 before the end of the year. Don't be a doubting Thomas!

BTW:

Have Sanwo-Olu and his deputy gone to greet Obasa at the Assembly this morning? They better do before they both incur the wrath of the powerful Speaker! Hehehehe
Re: Naira Down To N1,510/$ In Parallel Market by Skillsnigeria: 8:21am On Mar 04, 2025
Okay
Re: Naira Down To N1,510/$ In Parallel Market by omoredia: 8:22am On Mar 04, 2025
Inflation is the price the people will have to pay when Govt waste ur money 💰
Re: Naira Down To N1,510/$ In Parallel Market by galserv: 8:22am On Mar 04, 2025
Nonsense report!!!

Speculators, cut your losses and sell your dollars now smiley
Re: Naira Down To N1,510/$ In Parallel Market by bennyflipy(m): 8:22am On Mar 04, 2025
1496 now
Re: Naira Down To N1,510/$ In Parallel Market by illuminutty: 8:23am On Mar 04, 2025
Tinubunomics una

Re: Naira Down To N1,510/$ In Parallel Market by ceejay80s(m): 8:23am On Mar 04, 2025
LibertyRep:
Can the Govt just make this rate stable
Which stable?
U forget they all have dollar account, if dollar falls, they are at loss, so they prefer it to be hight so they canake more money selling to us,
Re: Naira Down To N1,510/$ In Parallel Market by omoredia: 8:23am On Mar 04, 2025
Nigerians are expecting good governance from people that have been born as thieves. Una no get sense oo
Re: Naira Down To N1,510/$ In Parallel Market by oluseyiforjesus(m): 8:24am On Mar 04, 2025
Tinubu should take ds thing to where buhari left it
Re: Naira Down To N1,510/$ In Parallel Market by chudez0147(m): 8:25am On Mar 04, 2025
Call me when it gets to #200
Re: Naira Down To N1,510/$ In Parallel Market by Smartcitizen: 8:30am On Mar 04, 2025
Is this news?

Shameless people.


Devil's.


👿👿👿👿
Re: Naira Down To N1,510/$ In Parallel Market by Kaiser20: 8:31am On Mar 04, 2025
They say that the Naira is down; was it ever Up before?
The Federal government borrow loans and spends all the money defending the Naira
Re: Naira Down To N1,510/$ In Parallel Market by magoo10(m): 8:32am On Mar 04, 2025
Tomorrow they will be spewing baseless statistics of improvement.
Until the naira improves to where they met it till then the fg should accept their failings and move on.
Re: Naira Down To N1,510/$ In Parallel Market by straighttalk(m): 8:33am On Mar 04, 2025
Nigerian
Re: Naira Down To N1,510/$ In Parallel Market by CodeTemplar: 8:35am On Mar 04, 2025
LibertyRep:
Can the Govt just make this rate stable
No currency in the world is stable in reality. Stability is a relative concept when it comes to currency.
Re: Naira Down To N1,510/$ In Parallel Market by Henix(m): 8:35am On Mar 04, 2025
"China is back from holiday, pressure is gradually returning on dollar, as traders resume fresh ordering of goods"

A random theory
Re: Naira Down To N1,510/$ In Parallel Market by DeLaRue: 8:36am On Mar 04, 2025
Crude oil price at the international market has been falling in recent days and weeks.

Good news - Dangote and other refineries will probably reduce petrol price again within the next 2 - 3 weeks.

Bad news - Naira will start falling (slowly) because falling crude oil price means Nigeria's crude related earnings will fall.

The United States economy is also weakning and may go into recession. A weakened US economy combined with warmer weather in the US and Europe will likely mean less demand for crude and continuing reduction in crude oil prices in the coming weeks and months.

If crude oil price hits $65 per barrel, petrol prices in Nigeria could fall to around N750 per litre.

But naira may fall to around N1600.

Hmm
Re: Naira Down To N1,510/$ In Parallel Market by AdamuKD: 8:37am On Mar 04, 2025
angry
How much is dollar to naira before the fool became president?

Zombies, keep on fooling yourselves
Re: Naira Down To N1,510/$ In Parallel Market by Ringstonermasks: 8:40am On Mar 04, 2025
thank God


lost more than a million last week due to the rise of Naira... I just dey look my Bitcoin loose value
Re: Naira Down To N1,510/$ In Parallel Market by femi4: 8:43am On Mar 04, 2025
Here we go

Lala to roke....
Re: Naira Down To N1,510/$ In Parallel Market by KaptainAfrika: 8:45am On Mar 04, 2025
SHEY I TOLD YOU PEOPLE TO BUY DOLLARSSSSSSSSSSSSSSS!!!! I HOPE YOU DID ?
1 2 Reply

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