NewStats: 3,261,660 , 8,174,671 topics. Date: Friday, 30 May 2025 at 12:31 AM 1fh6m

The Naira on Friday depreciated to N1,750 per dollar in the parallel market from N1,745 per dollar on Thursday.

But the Naira appreciated to N1,652.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.


Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,652.62 per dollar from N1,658.67 per dollar on Thursday, indicating N6.05 appreciation for the naira.



The market recorded an intraday high of N1,703 per dollar and an intraday low of N1,640 per dollar

The volume of dollars traded (turnover) grew by 48.5 percent to $243.05 million from $163.66 million traded on Thursday.

Consequently, the margin between the parallel market and NAFEM rate widened to N97.38 per dollar from N86.33 per dollar on Thursday.

https://www.vanguardngr.com/2024/11/naira-depreciates-to-n1750-in-parallel-market/

I shall not fear any evil news.

Hmmmmm.... It's not getting any better.

Is ok, we Yoruba Muslims are in full of Seyi Tinubu as the next governor of Lagos state, his father Bola Tinubu builth Lagos and Seyi will build more inferstructure in Lagos

Hmmmm. Naija o. One step forward, 10 steps backward

Which way Nigeria?

Abeg, if you know any legit means of earning in dollars, abeg share me the update. I can't continue like this

#2000 to $1 by December ending is beginning to look more and more inevitable...!

More businesses will bite the dust.


This adjustment phase should do and end o.

Cos, the earning power of over 80% of the population can't handle it.

I miss the good times

Like play like the margin between Parallel Market and NAFEM don dey increase even with the floatation

They said Dangote refinery would crash the dollars and make petrol cheaper since there won't be importation. Nigeria needs a selfless and God fearing leader.
This is one of the strategies to reduce the purchasing power of Nigerians. May God Almighty deliver us.

E-bola Tinubu and his entire house hold should die a painful death

No single improvement 😞

By now, them suppose don fire that stupid cbn chairman. He is just a failure pampered by the President.

One step forward, ten steps backwards.

This is being manipulated

By December 2025, the news will be Naira depreciates to 2,500 to a dollar.

Seun, thanks so much for naira to dollar updates...

Poor countries like Pakistan and India currencies to dollar are all very low, why is Nigeria own like this?
Some people are saying we are not exporting anything, please what are Indians and Pakistanis and other countries whose currencies to dollars are okay producing?

ogododo:

https://www.vanguardngr.com/2024/11/naira-depreciates-to-n1750-in-parallel-market/

As far as Simon ekpa has been arrested. Naira will start appreciating in the coming weeks. He was the cause of insecurities and economic woes in Nigeria. Fuel will come down soon. By the time he is deported in Nigeria. 1 naira will become 1$

Old story

You mean the unstable naira? Is the president even stable.

You will not see those set of unreasonable ers here...

Tilumbu is a failure

1800 get ready.

Does it mean that these increases will continue forever? What a failed government we have.

He fix lagos, Lagos is not Nigeria

ogododo:

https://www.vanguardngr.com/2024/11/naira-depreciates-to-n1750-in-parallel-market/

It will reach 2k per dollar before we enter 2025

tete7000:
Does it mean that these increases will continue forever? What a failed government we have.

tinubu dey act like who get capacity to stop am?

Nawaoo