NewStats: 3,259,398 , 8,170,002 topics. Date: Saturday, 24 May 2025 at 09:11 PM 6e3q1i

The Nigerian naira tumbled to a record low of N993.83 against the dollar at the investors’ and exporters’ (I&E) window.

The I&E window is the country’s official foreign exchange (FX) trading platform.

The FX rate represents a 25.81 percent depreciation of the local currency from the N789.94 recorded on the last trading day.

Data from FMDQ Securities Exchange, a platform that oversees FX trading in Nigeria, showed that the official window recorded a low of N475 and a high of N998 to the dollar on Monday.


FMDQ said trading opened at N794.70 and closed at the rate of N993.83; adding that the daily FX market turnover totalled $88.31 million.

Meanwhile, at the parallel section of the market, the naira sustained its recent gains, trading at N1,150 to the greenback.

Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, had said the federal government plans to introduce new FX rules, including a crackdown on illicit currency trading.


He said the government plans to clear a backlog of dollar demand estimated at about $6.7 billion, bolster the naira forward market, and set transparent rules for the operations of the official market.

On October 23, 2023, Wale Edun, minister of finance and coordinating minister of the economy, said Nigeria expects $10 billion in foreign currency inflows to ease liquidity in the foreign exchange market.

https://www.thecable.ng/naira-falls-to-record-low-at-ie-window-trades-n993/amp

Please this is not the price on parallel market oo



No go meet any Aboki to sell dollar for you at 993 They’ll stab you immediately



Dollar still dey $1380 for Aboki hand oo


Just like I said if una like make una vote rubbish e go favor me una since una no wan get sense leave tribalism


I’m stacking bitcoin on my private wallet almost every two two days


Make economy dey spoil make Naira dey fall e dey favor me


Check the date two times coins on 28th and one received 4am this morning and you can see the name Taylor


Wahala for who no dey get dollars


LeoDeking and Yarimo make una lower una pride beg me money I go give una 200k each right now. No DM just quote this post and drop I’ll run it at POS


If I complain una go call me chief wailer, that I’m jobless that’s why I’m always online, that I’ll wail tire


I go smile look people wey I fit feed their generation with one month bitcoin


Tinubu till 2098

By January 2024, many jobs will be lost,more than enough beggars to do area boys on the roads and to sleep at Bourdillion plus Armed robbers!

This is certainly not the best of time for mini importers

Tilumbumagical economics

ZKOSOSO:
Tilumbumagical economics

Voodoo Economy!

This government will favour me and my family... We shall not die but live...

I thought the corn-warriors said the parallel rates were overblown. Why is I&E approaching the black market now?

CodeTemplar:
I thought the corn-warriors said the parallel rates were overblown. Why is I&E approaching the black market now?

What do you expect from someone with HALF BAKED education!

Let it come down, I have an exam to pay for

lordm:
Let it come down, I have an exam to pay for

Ehen!

993 is record low? Abi I no read am well

CodeTemplar:
I thought the corn-warriors said the parallel rates were overblown. Why is I&E approaching the black market now?

Those ones are the bigger problem, they just want to brag that their candidate is president and that's all

No brains whatsoever

Kcfresh2103:
993 is record low? Abi I no read am well

Not Parallel market oo

Abeg make we shift to cowries
Naira don cast!!


All thanks to APC and their agbado slaves

Kukutente23:
Abeg make we shift to cowries
Naira don cast!!


All thanks to APC and their agbado slaves

I cant laugh, Nlfpmod!

Tinubu the so-called chartered ant is a scam.
This fraud no know anything jare. There's nothing upstairs. The old frog is an opportunist. He's only good at street level where native tongue and threats work, national governance is not for him.

Hmmm.. And December is around the corner

Tinubu is working

Dollar will soon be our local currency..Even for counter, people are now either withdrawing or depositing dollars
The foundation of APC is too faulty..the change they brought is not a good change..the results speak for itself!

I just smile

Am betting 1,500 before Xmas


And the destruction of Nigeria under APC continues!

Ok

Sometimes I shake my head when some people are saying that Naira is finding its real value

What is the real value of Naira?

Some people think the Naira has a maximum limit it can be devalued to

keep electing wicked leaders like Tinubu to confirm how far it can go....

Good

Anybody noticed those Bulabalu ers no longer say this statement again

"This government shall favour me and my family"

Iya ti je ori awon werey.

When we told them his istration will be worst than that of Buhari they were saying otherwise

Whatever!

It will never be well with tinubu and its sentimental and tribalistic ers


The likes of this Muhammad are too many in Nigeria reason Nigeria will never progress
He condemned Jonathan instead of him to use that same energy to condemned tinubu
He is now saying tinubu is not a magician


Untill we reduce the numbers of the likes of Muhammad deedee we will continue to suffer and can't unite against our politicians

As at today the wage awards He promised federal workers they are yet to see it

wow!.

Thanks bro to God. We pray it drops further. God help Jiggaman