Naira Depreciates N1,600/$ In Official Market - Business

Naira Depreciates N1,600/$ In Official Market - Business - Nairaland

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Naira Depreciates N1,600/$ In Official Market by ogododo(op): 8:27pm On Apr 04, 2025

The Naira depreciated to N1,600 per dollar in the Nigerian Foreign Exchange Market (NFEM) today after three months of being on the N1,500 per dollar threshold.

Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,600 per dollar from N1,569 per dollar on Thursday, indicating N31 depreciation for the naira.

Likewise, the naira depreciated to N1,565 per dollar in the parallel market from N1,555 per dollar on Thursday.

Consequently, the margin between the parallel market and NFEM rate widened to N35 per dollar from N14 per dollar on Thursday.

https://www.vanguardngr.com/2025/04/naira-depreciates-n1600-in-official-market/

2 Likes

Re: Naira Depreciates N1,600/$ In Official Market by asolocoaso: 8:49pm On Apr 04, 2025

It will get worse.

24 Likes 2 Shares

Re: Naira Depreciates N1,600/$ In Official Market by Dotherightthing: 8:53pm On Apr 04, 2025

asolocoaso:
It will get worse.

Are you mad huh

67 Likes 2 Shares

Re: Naira Depreciates N1,600/$ In Official Market by asolocoaso: 9:06pm On Apr 04, 2025

Dotherightthing:
Are you mad

Are you literate ?
Do you know how Nigeria gets dollars ?
You think Tinubu is the one creating the numbers every morning ?

71 Likes 6 Shares

Re: Naira Depreciates N1,600/$ In Official Market by ogododo(op): 3:25am On Apr 05, 2025

Nawa Nlfpmod.

Re: Naira Depreciates N1,600/$ In Official Market by sariwlau: 4:22am On Apr 05, 2025

They should keep manipulating. The force of nature will still subdue their efforts

3 Likes

Re: Naira Depreciates N1,600/$ In Official Market by rikansie: 5:12am On Apr 05, 2025

Let's keep deceiving ourselves, using the whole reserve to sustain naira

46 Likes 6 Shares

Re: Naira Depreciates N1,600/$ In Official Market by Cj4charles(m): 8:31am On Apr 05, 2025

Re: Naira Depreciates N1,600/$ In Official Market by Hemanwel(m): 8:31am On Apr 05, 2025

Na Peter Obi and El-Rufai do this one.

24 Likes 3 Shares

Re: Naira Depreciates N1,600/$ In Official Market by fixedhollies(m): 8:32am On Apr 05, 2025

Devaluation hitting hard

2 Likes

Re: Naira Depreciates N1,600/$ In Official Market by yinkus6750(m): 8:33am On Apr 05, 2025

The economy continues to wobble and crumble.
The main sector that needs serious attention is been neglected.

8 Likes

Re: Naira Depreciates N1,600/$ In Official Market by Dhoneymix: 8:33am On Apr 05, 2025

What's going on here

1 Like

Re: Naira Depreciates N1,600/$ In Official Market by Brushstrokes20: 8:33am On Apr 05, 2025

The shithole from fry pan to FIRE🔥🔥🔥🔥😁😁😆😆😅🤣

7 Likes 1 Share

Re: Naira Depreciates N1,600/$ In Official Market by Jestin: 8:34am On Apr 05, 2025

It should stay at 1,700 because prices of commodities didn’t reduce a bit

11 Likes

Re: Naira Depreciates N1,600/$ In Official Market by Hotfreeze: 8:34am On Apr 05, 2025*

sariwlau:
They should keep manipulating. The force of nature will still subdue their efforts

Your mothers were trampling themselves to death over bags of rice when USD fell to 1,460.
This time, they will sacrifice you to appease the gods of poverty before they can see 1 square meal to eat.

12 Likes 4 Shares

Re: Naira Depreciates N1,600/$ In Official Market by koyeni(m): 8:35am On Apr 05, 2025

Nawa

Re: Naira Depreciates N1,600/$ In Official Market by omoredia: 8:35am On Apr 05, 2025

only a fool expect what is good from bad leaders

13 Likes 1 Share

Re: Naira Depreciates N1,600/$ In Official Market by Paragon311(m): 8:35am On Apr 05, 2025

The ZOO is at it again.

17 Likes 2 Shares

Re: Naira Depreciates N1,600/$ In Official Market by Hotfreeze: 8:35am On Apr 05, 2025

rikansie:
Let's keep deceiving ourselves, using the whole reserve to sustain naira

If they do, they're dammed;
If they don't, they're damned.

Re: Naira Depreciates N1,600/$ In Official Market by PriceActionZ: 8:36am On Apr 05, 2025

Global economy is melting. Countries that can't depend on themselves to some certain levels will hear koboko for this trump era, it's no joke. Nigeria will be highly hit too. Trump will cause more damages to many countries economy and sadly naira will also keep plummeting. It's a matter of time. If you are getting paid in dollars from Nigeria either as a freelance or traders , you will smile often.

14 Likes 2 Shares

Re: Naira Depreciates N1,600/$ In Official Market by Hotfreeze: 8:37am On Apr 05, 2025

Paragon311:
The ZOO is at it again.

We can see your father inside the zoo licking moinmoin leaves like a baby goat.

2 Likes

Re: Naira Depreciates N1,600/$ In Official Market by PlanetZero: 8:37am On Apr 05, 2025

Brace up guys

Re: Naira Depreciates N1,600/$ In Official Market by fuckingAyaya(m): 8:37am On Apr 05, 2025

Reno Omokri the new lukumi spiritual leader your attention is needed here.

6 Likes

Re: Naira Depreciates N1,600/$ In Official Market by ZombieTAMER: 8:38am On Apr 05, 2025

Tinubu is in French hospital wasting tax payers money

God punish Tinubu and all his useless supporters

16 Likes 2 Shares

Re: Naira Depreciates N1,600/$ In Official Market by Typing: 8:39am On Apr 05, 2025

Tinubu is incompetent. We are going to vote out the clueless Tinubu out of office in 2027

19 Likes 1 Share

Re: Naira Depreciates N1,600/$ In Official Market by ZombieTAMER: 8:39am On Apr 05, 2025

fuckingAyaya:
Reno Omokri the new lukumi spiritual leader your attention is needed here.

Expect an article about how Buhari messed up the economy.

Any Tinubu supporter is a devil incarnate

18 Likes

Re: Naira Depreciates N1,600/$ In Official Market by Typing: 8:40am On Apr 05, 2025

ZombieTAMER:
Tinubu is in French hospital wasting tax payers money

God punish Tinubu and all his useless supporters

Amen. Especially, the ones on nairaland.

17 Likes

Re: Naira Depreciates N1,600/$ In Official Market by sulaak(m): 8:43am On Apr 05, 2025

asolocoaso:
It will get worse.

The situation will get significantly worse with falling oil prices, low FX reserves, high imports, a bloated government, and low productivity.

Good Luck, Nigerians.

11 Likes

Re: Naira Depreciates N1,600/$ In Official Market by sulaak(m): 8:45am On Apr 05, 2025

Typing:
Tinubu is incompetent. We are going to vote out the clueless Tinubu out of office in 2027

Incompetence is the first stage of corruption. Tinubbu has passed incompetence; this is what corrupt state capture looks like. Tinubu doesn't care about Nigeria. This is a business, and Nigeria is the product.

11 Likes

Re: Naira Depreciates N1,600/$ In Official Market by ncoolsome(m): 8:52am On Apr 05, 2025

And they blamed everybody but themselves...closed aboki.com and jailed binance executives...

10 Likes

Re: Naira Depreciates N1,600/$ In Official Market by osuofia2(m): 8:55am On Apr 05, 2025

Once they introduce the 5000/10000 naira notes. Expect it to go to 2500

5 Likes 1 Share

Re: Naira Depreciates N1,600/$ In Official Market by kelvindj98: 8:55am On Apr 05, 2025

The official NFEM rate is still 1564.

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Naira Strengthens At The Black Market, Breaks Below ₦1,600/$ • Naira Down To N1,600/$ In Parallel Market • Naira Depreciates To ₦‎1,300/$ In Official Market • 2 • 3 • 4

Why Does OPAY Do This On 1xbet? • CBN Fines Paystack ₦250M For Zap Licencing Breach • Sold »For Sale: Sawmill With Minimum of #4k Income Daily