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Naira Rises To ₦‎1,490/$ In Parallel Market - Business - Nairaland 5q491g

Naira Rises To ₦‎1,490/$ In Parallel Market (8836 Views)

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NaijaCover(m): 6:46am On Feb 27
The Naira yesterday appreciated to N1,490 per dollar in the parallel market from N1,502 per dollar on Tuesday. Similarly, the Naira appreciated to N1,499.8 per dollar in the Nigerian Foreign Exchange Market (NFEM)

Data published by FMDQ showed that the indicative exchange rate for the naira fell to N1,499.8 per dollar from N1,501 per dollar on Tuesday, indicating 20 kobo appreciation for the naira. Consequently, the margin between the parallel market and NFEM rate widened to N9.8 per dollar from 50 kobo per dollar the previous day.

Source: https://www.vanguardngr.com/2025/02/naira-rises-to-n1490-in-parallel-market/

15 Likes 2 Shares

NaijaCover(m): 6:46am On Feb 27
Abeg, Which Time Will Dollar Fall To 1,000Naira

15 Likes

CodeTemplar: 6:54am On Feb 27
Keep rising. This is what demonic NNPCL n co did to us for decades. Without fuel import, we would be looking at a far stronger Naira today. They are still secretly swapping crude from random news we are reading.

34 Likes 4 Shares

cenaman(m): 6:58am On Feb 27
Till it comes down to 200 before..

17 Likes

Oblongata: 7:15am On Feb 27
Things are looking good! The country is repositioning for greatness!! Nigeria shall rise again and favour us all!!!

47 Likes 6 Shares

JASONjnr(m): 7:18am On Feb 27
post=134315683:
Abeg, Which Time Will Dollar Fall To 1,000Naira

This economy crisis is a global one.... But Nigerians always point fingers to it's leaders......

Simply because they refused to sub their DSTv to see global news.

25 Likes 4 Shares

Thewrath(m): 7:53am On Feb 27
And fed govt is eyeing 6 world bank loans!

18 Likes 2 Shares

AmazingELixir: 7:53am On Feb 27
wink

Somebody should wake me when the Naira appreciation starts affecting the soaring cost of commodities.

18 Likes 2 Shares

Tulsaguy: 7:53am On Feb 27
Leave Naira oh...... Follow me on TG to make life changing money from Web3 & krypto.

It cost you nothing but just a small portion of your data (which you will always use in watching irrelevant videos on social media) and cell phone.


No much story... Search for "Airdrop Headquarters" on TG and at no cost.

2 Likes

Femich18(m): 7:53am On Feb 27
Okay nah
MrPOTUS: 7:54am On Feb 27
JASONjnr:


This economy crisis is a global one.... But Nigerians always point fingers to it's leaders......

Simply because they refused to sub their DSTv to see global news.



Well, I guess all countries are have an inflation of over 30% right?

US inflation went from 2% to 3% and they're panicking, ours is over/around 30% and you want us to believe its a global thing.

Our currency was one of the worse performing currency, and u say its a global thing. Well thank God the currency is now performing.

We know there's a global crises but our leaders make up 90% of Nigeria's problem.

34 Likes 7 Shares

baconline(m): 7:54am On Feb 27
He finally has started backing the naira with our reserve.this should never have stopped in the first place. Floating the naira is the biggest mistake of this istration

22 Likes 4 Shares

Dhoneymix: 7:54am On Feb 27
Gradually
whytediamond(m): 7:54am On Feb 27
grin
NothingDoMe: 7:55am On Feb 27
baconline:
He finally has started backing the naira with our reserve.this should never have stopped in the first place. Floating the naira is the biggest mistake of this istration
Lol. They were denying it sef. Not knowing that FX reserves be like pregnancy. E must show.

We should be at around $38bn or less now from 40bn. End of month we go know.

8 Likes 1 Share

abc115: 7:55am On Feb 27
God Bless President Bola Tinubu

God Bless Federal Republic of Nigeria

5 Likes

strangest(m): 7:55am On Feb 27
They know the issue is with Fuel but they are busy chasing Binance while protecting their Malta business

14 Likes 1 Share

Gotocourt: 7:55am On Feb 27
shocked
Cj4charles(m): 7:55am On Feb 27
All through PDP's 16 years tenure fuel price never rose to #120. Just 1 year plus of Tinubu's Presidency and we have seen our ears clearly with our eyes 😁😅😂🤣

12 Likes 1 Share

ogashman(m): 7:56am On Feb 27
Let it get to #200 first before we start commending them

7 Likes 1 Share

hassinho707(m): 7:56am On Feb 27
We are getting there

2 Likes

FreeStuffsNG: 7:56am On Feb 27
post=134315680:


Source: https://www.vanguardngr.com/2025/02/naira-rises-to-n1490-in-parallel-market/
Stop misinforming the public. There's only one rate and you can walk into a bank to do your fx transaction.

Black market is not a parallel market. If you are doing parallel market then it's arbitrary and not efficient for reference.

2 Likes

shortIGBOman: 7:56am On Feb 27
After Tinubu used 8 billion dollars to it. What is there to celebrate here? Tinubu is clueless.

10 Likes 1 Share

happney65: 7:58am On Feb 27
Where he rise? I was still charged 1600 yesterday. Eyin oniro oshi. undecided

2 Likes 1 Share

omoredia: 7:58am On Feb 27
Aboki no dey get USAID dollars again. It was a sellers market before.

6 Likes 1 Share

99thEnemy(m): 7:58am On Feb 27
cheesy
theophorus(m): 7:58am On Feb 27
Poko-a-poko.
Small-small, he don dey come down.
And gradually, He go reach USD1 to NGN130 grin
NothingDoMe: 7:58am On Feb 27
FreeStuffsNG:

Stop misinforming the public. There's only one rate and you can walk into a bank to do your fx transaction.

Black market is not a parallel market. If you are doing parallel market then it's arbitrary and not efficient for reference.
? ? ? ? ? ? ?
omoredia: 7:59am On Feb 27
If it's not N180 as GEJ left it we are still being cheated.

7 Likes

1bunne4lif(m): 7:59am On Feb 27
Good news
Nonybb: 7:59am On Feb 27
APC is comparing failure(N1730/$ last year) with failure(N1490/$ this year). Return it back to N500/$ at least and then we are going somewhere

3 Likes

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