₦airaland Forum

The Naira yesterday appreciated to N1, 590 per dollar in the parallel market from N1,600 per dollar last weekend.

However, the Naira depreciated to N1,549 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 rose to N1,549 per dollar from N1,548 per dollar last week Friday, indicating N1 depreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate narrowed to N41 per dollar from N52 per dollar last weekend.

Source: https://www.google.com/amp/s/www.vanguardngr.com/2025/03/naira-appreciates-n1590-in-parallel-market/amp/

God When Will The Dollar Fall To 1,000Naira

Our currency has indeed faced a lot. From the days of Manila and Shillings to the introduction of the Nigerian Pound in 1958, and later the Naira and Kobo in 1973, our monetary history has been a journey of strength and struggle. There was a time when the Naira was stronger than the U.S. Dollar, commanding respect in global trade. But over the years, economic instability, policy shifts, and external pressures have led to its decline. Today, the Naira continues to battle depreciation, reflecting the challenges within our economy. Won't be surprised if it goes up again.

Watch this video on our Currencies glory past
https://www.youtube.com/watch?v=kWj5cdkgpag

Lol

Mtcheww!
The naira will never fall to or below 1k without artificial defense!

Buy dollars now because pipeline bombings have begun

Take it back to where u met it at N650.


The reason for d present fall is because of Trump huge tarrifs to Canada,China,Ukraine and Europe

By the time Trump bend them to his wish and business begins as usual, it will reach N3000 per dollar

Bastard tinubu,,so na ds back and forth 1 naira gain and lost we go dey hear for four years

Agbado appreciation.

oyeb15:
Take it back to where u met it

Exactly 💯

Let's wait for urchiins to come and force us to celebrate Tinubu's miracle.

When will Naira enter 1499? It has been on the 1500 range upwards for long.

mumu post

God When Will The Dollar Fall To 1,000Naira

E fokan bale. Calm down.

It will soon get to N300/$1 promised in the short term by our Chicago trained presido who hit the ground running 22 months ago.

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

Antichristian2:


Alhamdulillah!

May it come to 1k before BAT finishes first term!

you will eat your words bst

I must chop Tinubu's money for this his second tenure ambition.


I am really waiting for them o.



🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

[quote author=Antichristian2 post=134609522]

Alhamdulillah!

May it come to 1k before BAT finishes first term![/quote

Naija land of magic, Idan!!!

Imagine our highest denomination is less than a dollar

Everytime, it's always Naira appreciate but the value is always lower than the last time

That’s the only way Tinubu can show us his appreciation

Peterpaul96:
Our currency has indeed faced a lot. From the days of Manila and Shillings to the introduction of the Nigerian Pound in 1958, and later the Naira and Kobo in 1973, our monetary history has been a journey of strength and struggle.

There was a time when the Naira was stronger than the U.S. Dollar, commanding respect in global trade. But over the years, economic instability, policy shifts, and external pressures have led to its decline. Today, the Naira continues to battle depreciation, reflecting the challenges within our economy. Won't be surprised if it goes up again.

T-Pain's finance minister disagrees with you, just like relevant data also disagrees with your misinformation.

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://thisweekng.com/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

One step forward 12 steps backward

Ok, noted.

Using the word appreciate is misleading

Is this appreciation or depreciation

Tot it hit #1,490 before

Appreciate now has a new definition

Antichristian2:


Alhamdulillah!

May it come to 1k before BAT finishes first term!

To get it to 1k is not hard if it was to be done as it was done the past,now getting it to 1k will be very hard because it has to be determine by market forces.

Nonsense

The idiotic foolish certificate forger should take it back to the 450 he met it. Useless BAT

Abi you mean depreciate