NewStats: 3,262,364 , 8,176,934 topics. Date: Monday, 02 June 2025 at 12:42 AM l2e25

6z3e3g

Naira Depreciates To N1,180/$ In Parallel Market - Business - Nairaland 4o452c

Naira Depreciates To N1,180/$ In Parallel Market (16358 Views)

(4)

(1) Go Down)

ogododo: 7:55am On Nov 03, 2023
The naira yesterday depreciated to N1,180 per dollar in the parallel market from N1,170 per dollar on Wednesday.

However, the naira appreciated in the Nigerian Foreign Exchange Market (NAFEM) yesterday to N793.28 per dollar.

Data from FMDQ showed that the indicative exchange rate for the I&E window rose to N793.28 per dollar from N786.02 per dollar on Wednesday, indicating N7.26 depreciation for the naira.

The volume of dollars traded in the NAFEM increased by 28 percent to $136.11 million from $105.98 million traded the previous day.

Consequently, the gap between the official and parallel market exchange rates widened to N386.72 per dollar yesterday from N334.68 per dollar on Wednesday.

https://www.vanguardngr.com/2023/11/naira-depreciates-to-n1180-in-parallel-market/

2 Likes 1 Share

TemplarLandry: 8:00am On Nov 03, 2023
Naira keeps gallivanting up and down, aimlessly like Peter Hoe Bee's common sense.
Arrrghh!

I reflect with this classic jam - β€œΕže Na Like This?” by Wande Coal.
Great jam!

21 Likes 4 Shares

Raphaelbrook(m): 8:02am On Nov 03, 2023
Ok
paramboos: 8:07am On Nov 03, 2023
TemplarLandry:
Naira keeps gallivanting up and down like Peter Hoe Bee's common sense.
Arrrghh!

I reflect with this classic jam - β€œΕže Na Like This?” by Wande Coal.
Great jam!
You are shameless.. what has the APC done to you guys, that you reason like animals? ...

169 Likes 15 Shares

Putinofrussia: 8:16am On Nov 03, 2023
ogododo:
The naira yesterday depreciated to N1,180 per dollar in the parallel market from N1,170 per dollar on Wednesday.

However , the naira appreciated in the Nigerian Foreign Exchange Market (NAFEM) yesterday to N793.28 per dollar.



Data from FMDQ showed that the indicative exchange rate for the I&E window rose to N793.28 per dollar from N786.02 per dollar on Wednesday, indicating N7.26 depreciation for the naira.

The volume of dollars traded in the NAFEM increased by 28 percent to $136.11 million from $105.98 million traded the previous day.

Consequently, the gap between the official and parallel market exchange rates widened to N386.72 per dollar yesterday from N334.68 per dollar on Wednesday.


https://www.vanguardngr.com/2023/11/naira-depreciates-to-n1180-in-parallel-market/

All outlets are saying that Naira appreciated against the dollar today.

15 Likes 2 Shares

Dreal1247: 8:17am On Nov 03, 2023
The economy appears to be on autopilot. In less than 2 weeks, the Camerounian roofing sheets that was priced to be one hundred and twenty Naira (#120,000.00) per bundle jumped to one hundred and fifty Naira (#150,000.00). The economy appears to be on a lone journey, while the Government is equally on it's own.

20 Likes 1 Share

Truths9ja: 8:18am On Nov 03, 2023
Tinubu destroyed Nigeria economy no be small . Keep on defending the certificate forger here

60 Likes 8 Shares

Racoon(m): 8:18am On Nov 03, 2023
The emilokan balabloo-blu-bulava heroin drug running economy. Free floating the naira and CBN having no solution to the forex question.

17 Likes 3 Shares

Kukutente23: 8:19am On Nov 03, 2023
paramboos:
You are shameless.. what has the APC done to you guys, that you reason like animals? ...
You guys should stop wasting your time on them.
Most of them are paid and doing this full time from APC media outfits.
That's why you hardly see them reply anyone. It's just a job. Nothing personal

65 Likes 5 Shares

nairalanda1(m): 8:20am On Nov 03, 2023
Only way to a strong currency is to become an exporter of manufactured goods and services

Manufactured goods and services.

Manufactured goods and services.

7 Likes

nairalanda1(m): 8:21am On Nov 03, 2023
TemplarLandry:
Naira keeps gallivanting up and down, aimlessly like Peter Hoe Bee's common sense.
Arrrghh!

I reflect with this classic jam - β€œΕže Na Like This?” by Wande Coal.
Great jam!

Your party had 8 years to make it right. They didn't.

33 Likes 3 Shares

JasonNOTStatham: 8:23am On Nov 03, 2023
Are you sure? the price is around 1040

8 Likes

BigBlackPreek(m): 8:24am On Nov 03, 2023
Nigeria is a time bomb expected to explode anytime soon


There was a country indeed!

5 Likes

JasonNOTStatham: 8:24am On Nov 03, 2023
I thought they said it was close to N900s

2 Likes

Bobloco: 8:24am On Nov 03, 2023
angry

1 Like

Incognito9: 8:24am On Nov 03, 2023
False news

Naira gain yesterday and even this morning

995/$

14 Likes 1 Share

Chibuzoripob: 8:24am On Nov 03, 2023
sad

1 Like

OboOlora(f): 8:24am On Nov 03, 2023
Initial gragra, let’s wait till next week Tuesday😁

4 Likes

PussyKing(m): 8:24am On Nov 03, 2023
grin grin
Gadafii: 8:25am On Nov 03, 2023
Tinubu is more clueless than
TemplarLandry:
Naira keeps gallivanting up and down, aimlessly like Peter Hoe Bee's common sense.
Arrrghh!

I reflect with this classic jam - β€œΕže Na Like This?” by Wande Coal.
Great jam!
buhari, honestly
Moomoo, I hope your people get hold of you soon and cure you if your severe werey, because how you left your urine machine drug addict certificate forget that plunged us this deep into the abyss and call obi is nothing but stvpidity

7 Likes

Orubebe01: 8:25am On Nov 03, 2023
He should return the economy/dollar the way you met it.

No wonder buhari said that we will miss him, are we not missing him now?

5 Likes

emmanuelbrown26: 8:25am On Nov 03, 2023
As a field man wey I bi, I dun Waka round some states, d rate of hunger and gnashing of teeth dey alarming.
I cum dey wonder say wey d 5k people collected during d election? Shey 5k dun finish, waiting cum dey house again, na hunger
Then, I cum dey reason some things again, d whole ting cum be like say na ronu people d ting cum affect bcs I never see hausa guy wey dey idle and lazy around dis state, either dem dey sell suya, fruit, yam, potatoes or doing iron condemn
Any junction wey u go u go see one useless ronu begging u money or food, Iya dey beg, baba dey beg, Omo dey beg even their daughters dun dey do olosho dis day
Ronu una never see anything

2 Likes

strangest(m): 8:25am On Nov 03, 2023
The certificate forger and his team has messed up the country

2 Likes

sotall(m): 8:25am On Nov 03, 2023
cool
Davicl: 8:26am On Nov 03, 2023
TemplarLandry:
Naira keeps gallivanting up and down, aimlessly like Peter Hoe Bee's common sense.
Arrrghh!

I reflect with this classic jam - β€œΕže Na Like This?” by Wande Coal.
Great jam!


Your stupidity is now at highest level

5 Likes

Flier: 8:26am On Nov 03, 2023
Truths9ja:
Tinubu destroyed Nigeria economy no be small . Keep on defending the certificate forger here
We are having the best economy ever,with time dollar will fall

3 Likes

ecolime(m): 8:27am On Nov 03, 2023
TemplarLandry:
Naira keeps gallivanting up and down, aimlessly like Peter Hoe Bee's common sense.
Arrrghh!

I reflect with this classic jam - β€œΕže Na Like This?” by Wande Coal.
Great jam!
You be Troublemaker cry
wittywriter: 8:27am On Nov 03, 2023
TemplarLandry:
Naira keeps gallivanting up and down, aimlessly like Peter Hoe Bee's common sense.
Arrrghh!

I reflect with this classic jam - β€œΕže Na Like This?” by Wande Coal.
Great jam!

Davicl:



Your stupidity is now at highest level

WHERE IS CARDOSO?





Wittyness.

1 Like

emerged01(m): 8:27am On Nov 03, 2023
Truths9ja:
Tinubu destroyed Nigeria economy no be small . Keep on defending the certificate forger here
You want him to fail. Exercise patience till 4yrs then you can call him failure. It is just 6months,you condemning him now doesnt portray you as somebody that is mentally balanced.

11 Likes 2 Shares

michoim(m): 8:27am On Nov 03, 2023
Fake news

2 Likes

nawa4naija(m): 8:27am On Nov 03, 2023
Hi,,

(1) Reply)

How To Remain Poor

(Go Up)

Sections: How To . 26
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.