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Naira Depreciates To N1,415/$ In Parallel Market - Business - Nairaland 4n5m3v

Naira Depreciates To N1,415/$ In Parallel Market (12683 Views)

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ogododo: 7:51am On May 08, 2024
The Naira yesterday depreciated to N1,415 per dollar in the parallel market, from N1,410 per dollar on Monday.

Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,416.57 per dollar.


Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,416.57 per dollar from N1,354.21 per dollar on Monday, indicating N62.36 depreciation for the naira.

Consequently, the margin between the parallel market and NAFEM rates narrowed to N1.57 per dollar from N55.79 per dollar on Monday.

https://www.vanguardngr.com/2024/05/naira-depreciates-to-n1415-in-parallel-market/

3 Likes 1 Share

occfx: 8:03am On May 08, 2024
Hey!!! Well Tinubu is on his way. Since Abido shaker has failed, Jagaban will power the Naira. There so much power in the country. We never even touch Kubus kabash. Make una no fear.

97 Likes 7 Shares

davidtemi(m): 8:03am On May 08, 2024
Una never see anything

52 Likes 1 Share

Itiskdg121(m): 8:03am On May 08, 2024
Before nko
We import almost everything coupled with government propaganda.

1 Naira to 1 Dollar. Lol

59 Likes 3 Shares

flyinnizam(m): 8:03am On May 08, 2024
na wa ooo today wey I dey plan do international transaction. na 1390 yesterday for firstbank oo...Abeg make Obedients supply BATeria Obi bitters sharply

96 Likes 3 Shares

baliyubla: 8:04am On May 08, 2024
The Naira is infected with BATeria

121 Likes 4 Shares

ufotty2001: 8:04am On May 08, 2024
FG should start arrest abokis

6 Likes 3 Shares

DCroc: 8:04am On May 08, 2024
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Johnson225(m): 8:04am On May 08, 2024
Naira is on free-fall...

Economy? Crumbling.
Insecurity? At apex level.

Some agbado munchers are still defending these gross incompetence.

E no go better for all of una.

EreluRoz:
Mynd44 nlfpmod stop bringing this type of news to front page. How do you want other countries to see us? We must learn to protect our country's image no matter what we are ing through, let's learn to only show the world the good side of our country so that we can protect our image out there while secretly working hard to make it right.

Abeg shut up

Working hard to make it right finish you there!
This is the product of what you voted for. Face it !!!

88 Likes 3 Shares

Queengee: 8:04am On May 08, 2024
Yoruba Ronus
How market now

28 Likes

MamaAyo: 8:04am On May 08, 2024
More to come

5 Likes

onumadu: 8:04am On May 08, 2024
Our Naira dey suffer from serious BATeria.
God help us.

38 Likes 1 Share

Urheaster(m): 8:05am On May 08, 2024
The giant of Africa is now the small Ants of Africa

26 Likes

Boogyman557: 8:05am On May 08, 2024
C
Jestin: 8:05am On May 08, 2024
How we keep making the mistakes of voting worse leaders beat my imagination

50 Likes

samogo1: 8:05am On May 08, 2024
Na statistics we go chop? Aisha wey sabi statistics say make una hold una dollar close, people on kolos say she is not patriotic. Tomorrow government will borrow dollar and flood the market to gain the naira temporary, dullard people will start praising them. SMH.

82 Likes 4 Shares

emmancipated(m): 8:06am On May 08, 2024
Nawao

2 Likes 1 Share

LeeSantos(m): 8:06am On May 08, 2024
grin with all the crackdowns, restrictions and banning lol. Confused former giant of Africa

39 Likes 2 Shares

Nazgul: 8:06am On May 08, 2024
You can't run an istration solely on propaganda. Even Hitler who had a propaganda minister in the person of Gobbles, had a considerable amount of actual success he showcased to the German population. That's why they followed him.

But our BATeria cannot point out one policy he has made since last year that has benefitted the common man. It's just lies upon lies and more taxes.

74 Likes 3 Shares

Mrchippychappy(m): 8:06am On May 08, 2024
Hmmm...my own is that we must all work together to make sure Nigeria becomes great again. Pay your 5% cyber crime levy, even bandits and kidnappers pay their crime levy after receiving wire transfer so why shouldn't the law abiding Nigerian pay the 5% cyber crime levy? It goes towards nation building.
EreluRoz: 8:07am On May 08, 2024
stop bringing this type of news to front page. How do you want other countries to see us? We must learn to protect our country's image no matter what we are ing through, let's learn to only show the world the good side of our country so that we can protect our image out there while secretly working hard to make it right.

2 Likes 3 Shares

Racoon(m): 8:07am On May 08, 2024
Hehehe!
BarrElChapo(m): 8:07am On May 08, 2024
🤔
Och77(m): 8:07am On May 08, 2024
This goes a long way to confirm that raw cash was used in previously increasing value of the naira. And definitely from the external reserve.

15 Likes

Kollabo419: 8:07am On May 08, 2024
Nna mehnnn

Is Indaboski out of the country bikonu?

11 Likes

Houseofglam7(f): 8:08am On May 08, 2024
🤭
callmevirus(m): 8:08am On May 08, 2024
Nothing concern me but E dey mind


Please can someone send Bitter Obi to Tinupoo wherever he is

8 Likes 3 Shares

tnerro1(m): 8:08am On May 08, 2024
We don tire for all this dollar news, we just want to survive

1 Like

SeeWahala: 8:08am On May 08, 2024
Hehehe grin let me post as helinues today cheesy

'toh'

35 Likes 3 Shares

Angelfrost(m): 8:10am On May 08, 2024
Naira Depreciates

Transparency Depreciates

Quality of life Depreciates

Power Supply Depreciates

Fuel Supply Depreciates





All these several months after removing subsidies, and claiming that refineries have been revamped and are functional.

Propaganda and Lies have expiry dates.

27 Likes 2 Shares

phorget(m): 8:10am On May 08, 2024
Tomorrow if it becomes 1200naira per dollar some people will still celebrate it and call us names for not wanting the goodness of Nigeria. BATerial inflected Nigerians are just some difficult set of people to deal with.

10 Likes

SeeWahala: 8:10am On May 08, 2024
EreluRoz:
Mynd44 nlfpmod stop bringing this type of news to front page. How do you want other countries to see us? We must learn to protect our country's image no matter what we are ing through, let's learn to only show the world the good side of our country so that we can protect our image out there while secretly working hard to make it right.

Last month you came out, cried and told us of your BATeria infection but we didn't have any medication for you cry

But now glory be to Allah we have Bitter Obi herbal mixture grin take one bottle all at once in a single dose and collapse to sleep under a bridge anywhere in 'your lagos' to get completely healed of BATuloccosis wink

44 Likes 5 Shares

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