Naira Records Massive Depreciation Against Dollar Weekly At Official Market - Business

Naira Records Massive Depreciation Against Dollar Weekly At Official Market - Business - Nairaland

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Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Racoon(op): 3:22pm On Mar 22, 2025

The Naira recorded a massive drop against the dollar at the official foreign exchange market from March 14 to 21, 2025. Analysis of the Central Bank of Nigeria’s exchange data showed that it lost N18.96 weekly.

This comes as the Naira depreciated to N1,536.89 against the dollar on Friday from N1,517.93 traded last week.

Meanwhile, at the black market, the Naira gained N10 in the week under review. The Naira closed at N1,580 per dollar on Friday, a gain from N1,590, its traded last week.

The data from both official and parallel foreign exchange markets showed that the Nigerian Naira has continued to fluctuate against other currencies.

https://dailypost.ng/2025/03/22/naira-records-massive-depreciation-against-dollar-weekly-at-official-market/

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Fasaa4(m): 3:29pm On Mar 22, 2025

The appreciation of the Naira never benefited the common man anyways angry

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by jchioma: 4:04pm On Mar 22, 2025

Appreciation today, depreciation tomorrow - a game of up and down.

Lest, I forget! Subsidy is Gone!

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Racoon(op): 6:11pm On Mar 22, 2025

Naira now just meandering belatedly against the dollar as a useless currency.

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by bewisemasses: 7:41pm On Mar 22, 2025

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by ReubenE(m): 7:41pm On Mar 22, 2025

Tinubu is a disaster

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by NothingDoMe: 7:41pm On Mar 22, 2025

Lol old news.

You cannot have a terribly fluctuating currency and expect to make economic progress.

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by 9benz(m): 7:42pm On Mar 22, 2025

To you reading this, may you never lack this year🙏

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by erico2k2(m): 7:42pm On Mar 22, 2025

jchioma:
Appreciation today, depreciation tomorrow - a game of up and down.

Lest, I forget! Subsidy is Gone!

Subsidy is not gone, its all done in house under hush hush

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by 89green: 7:42pm On Mar 22, 2025

Whenever naira appreciate, we go dey happy, we seem not to understand the factors involved. Nigeria does not score positive in these factors, main reason why it may continue to depreciate heavily. You think most of those in Govt want good for the country?

On the issue of interest rates, interest only makes a country useless, they do not lead to better economy

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by LagosOrigin: 7:42pm On Mar 22, 2025

Tinubu is the worst president on earth

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by essentialone1: 7:42pm On Mar 22, 2025

can Naira ever go back to N100 per dollar?

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by grandstar(m): 7:43pm On Mar 22, 2025

That isn't much.

Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by ellizy(m): 7:43pm On Mar 22, 2025

Tinubu is working on the economy while Shittima on Security
Kudos

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by tiswell(m): 7:44pm On Mar 22, 2025

Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by iLoveYouToo(m): 7:44pm On Mar 22, 2025

essentialone1:
can Naira ever go back to N100 per dollar?

If the US goes to war, YES

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by iwaeda: 7:44pm On Mar 22, 2025*

Next one month will see fuel back at 1k grin

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Mikelarteta(m): 7:44pm On Mar 22, 2025

They keep patching the country. Nothing good can ever come out of this government. Their aim is to continue punish the people and keep them in abject poverty so they can be easily manipulated for their own personal gain. One day will be one day the chains will be broken.

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Mindlog: 7:45pm On Mar 22, 2025

Failed Presidency. angry

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by rinzaugustine: 7:45pm On Mar 22, 2025

Lol..there is no way you will hate igbos and succeed. It is impossible. Haters of Igbos will continue to fail and fail and fail and fail forever

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by obyno82: 7:45pm On Mar 22, 2025

Where is FreeStuffsNG and Tundegan?

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by omoredia: 7:45pm On Mar 22, 2025

A nation of fooIs. Is Tinubu as bad as those that thought he could deliver? I think not

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by theophorus(m): 7:46pm On Mar 22, 2025

Mindlog:
Failed Presidency.

According to which Marking Scheme?

omoredia:
A nation of fooIs. Is Tinubu as bad as those that thought he could deliver? I think not

Which Nation is that?

If you give a Kindergarten Teacher some Calculus to mark they will likely think the solution is mere gibberish.
This is probably why we have some of these funny comments.

Naira losses #18 but gained #10 in the open market, but na Bulaba comments some people dey post.

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by NothingDoMe: 7:46pm On Mar 22, 2025

iwaeda:
Next one month will see full back at 1k

Lol. Those are fake unsustainable appreciations.

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Teewhy2: 7:46pm On Mar 22, 2025

The more you study Nigeria's economy and currency the more you get confused.
If you can make your savings in dollars or pounds the better for you.

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by rinzaugustine: 7:48pm On Mar 22, 2025

LagosOrigin:
Tinubu is the worst president on earth

I never believed in my wildest imagination buhari would be better than anybody until tinubu came

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Asonaijaaso: 7:48pm On Mar 22, 2025

There is a lot of uncertainty in the world financial systems at these point.

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Re: Naira Records Massive Depreciation Against Dollar Weekly At Official Market by Agbegbaorogboye: 7:49pm On Mar 22, 2025

Under the same people who railed against 200 to a dollar

If this confused balablu political merchant and the one before him had not become president, his clownish zombies would have been telling us how Nigeria missed a great opportunity to be great by not allowing true visionaries and corruption fighters to rule

Today all they can claim and brag about is teaching us politics while their lives are not getting better for it

Fools

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