NewStats: 3,262,010 , 8,175,863 topics. Date: Saturday, 31 May 2025 at 02:08 PM x3e6c

The Naira on Thursday depreciated further at the parallel market, ebbing close to the projection of speculators, the News Agency of Nigeria reports.

NAN reports that at the twilight of 2016, speculators forecasted that the Naira would exchange at N500 to a dollar.

The Nigerian currency lost N3 to trade at N495 to the dollar at the parallel market, from N492 posted on Wednesday, while the Pound Sterling and the Euro closed at N597 and N515 respectively.

At the official interbank window, the Naira closed at N305 to a dollar.

Trading at Bureau De Change (BDC) window saw the Naira close at N399 to a dollar, while the Pound Sterling and the Euro exchanged at N600 and N510, respectively.

Traders blamed acute forex scarcity for the spike in the exchange rate.

NAN

http://investorsking.com/naira-hits-n495dollar-as-forex-scarcity-lingers/ mynd44

wow
That's a good development

I want the naira value to keep decreasing so that before next month $1 would be 900 naira

I hope and pray that Buhari will rule Nigeria for 100 years

God please help us

If you want Naira to improve.......you have to earn more dollars

And in the short term...earning more dollars involves

1.Increase in oil prices up to $100 per barrel and above.

2. Diversification.

3.Accept there is no quick road out of this.

4.Fight corruption

5.Put pressure on govt....to make right decisions.

good

N500 loading?

Not surprised so long as the Dullard remains the head of this fallen state called Nigeria!

Sai Baba

Truly we are lost in this country it is obvious this whole thing makes sense to the government

auntysimbiat:
good

I will make one naira equal to one dollar. APC and Buhari 2015 campaign here we are.

e dey go $1 = N1000
Who wan stop am? Buhari?
Man wey no get Common Entrance
He dey hire 12 SANs make dem come defend lack of result
Zoogeria at her best

Make una follow me thank Buhari, he has been making the money i send to 9ja bountiful. I wonder what i would have done without him

Good news and bad news. It depends on you!

OGA buhari

Wow, follow the link to rate this istration.

Reading this ALONE shows that Buhari APC lead government as failed just like previous istrations.

Make una do commot for Aso Rock..

Buhari..Aboki Economics

Reading this ALONE shows that Buhari APC lead government as failed just like previous istrations.

Make una do commot for Aso Rock..

ok...

AfonjasMustDie:
wow
That's a good development

I want the naira value to keep decreasing so that before next month $1 would be 900 naira

I hope and pray that Buhari will rule Nigeria for 100 years

Umunna kwenu
Bet make naira appreciate o

9jakohai:
If you want Naira to improve.......you have to earn more dollars

And in the short term...earning more dollars involves

1.Increase in oil prices up to $100 per barrel and above.

2. Diversification.

3.Accept there is no quick road out of this.

4.Fight corruption

5.Put pressure on govt....to make right decisions.

Nigerians will not earn more dollars if the government keeps shortchanging the earners with dubious exchange rate....

I reiterate,

Nigeria is a PONZI SCHEME.

Buhari is going somewhere with Nigeria, he hasn't got there. By the time he's finished with Nigeria, some will curse the day they voluntarily ed his one chance bus.

Hello Nigerians, happy suffering and smiling o. By the time dollar hits #1,000.00, we'll all hit the streets and do the needful.

CHINEKE

A beg! Who's making it increase and decrease like temperature........ I am not understanding
What is making it change
Am tired o
Am tired
Am outta here set.....lemme go n buy bread

9jakohai:
If you want Naira to improve.......you have to earn more dollars

And in the short term...earning more dollars involves

1.Increase in oil prices up to $100 per barrel and above.

2. Diversification.

3.Accept there is no quick road out of this.

4.Fight corruption

5.Put pressure on govt....to make right decisions.

This one