NewStats: 3,259,573 , 8,170,546 topics. Date: Sunday, 25 May 2025 at 03:58 PM 1r2333

The naira yesterday depreciated to N1, 635 per dollar in the parallel market from N1,625 per dollar on Tuesday.


The Naira has recorded a 1.8 percent or N29 depreciation in the parallel market from the beginning of this month till date.

However, the Naira appreciated to N1,596 per dollar in the Nigerian Foreign Exchange Market (NFEM),
Data published by the Central Bank of Nigeria, CBN showed that the exchange rate for the naira fell to N1,596 per dollar from N1,599.8 per dollar on Tuesday, indicating a N3.8 appreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate widened to N39 per dollar from N25.2 per dollar on Tuesday.

https://www.vanguardngr.com/2025/05/naira-depreciates-to-n1635-in-parallel-market-2/

It's no longer news

Lies and propaganda does not change reality.

He brought millions of investments into the country.

He paid all debts owed to IMF.

He had first class in ing.

Amoda Ogunlere has finished the country.

According to some fuuls and APC online bastards,
The masses must suffer, go through intense hardship, severe hunger, misery, collapse and die for tinubu to fix the economy of Nigeria.

hmm

Tinubu Don spoil this Country. Himself and his economy team are CLUELESS

Noted.

Peter Obi and El-Rufai and Atiku, na una do this one!

Is there nothing that can be done to reduced this exchange rate for Godsake? How did Abacah maintained dollar rate at a single amount for the time he ruled

What's happening to our policies?

.

Karlovych:
He brought millions of investments into the country.

He paid all debts owed to IMF.

He had first class in ing.

Amoda Ogunlere has finished the country.

All you mentioned are APC's propaganda. Tinubu didn't achieve anything

There is no other country in the world where people obsess needlessly about small movements in their currency.

The Naira has been very stable since before the beginning of the year, and this year so far, average volatility has been around 2%.

That's a solid performance that has driven currency speculators into redundancy. Speculation is mostly dead.

Every currency moves either way. What's important is the movements should be relatively small. That's where the naira is right now.

The CBN has done an excellent job of making the Naira stable.

crossbreedwears:
Is there nothing that can be done to reduced this exchange rate for Godsake? How did Abacah maintained dollar rate at a single amount for the time he ruled

This is where you begin to suspect IMF and World Bank's so-called intervention policies.

Awful

It is well.

Inspirer1:
What's happening to our policies?

policies don polisee shege for Tinubu hand.

Handling the economy, just like he promised.

Reducing the purchasing power of the people, I mean how much more can someone keep his promise beyond this!!

Since this guy came to power, house rent alone has increased more than 100%, yet salary never increase.

The only respite is the fact that even his average ers are enjoying the same conditions

Managing an economy has so many factors to be considered. Forex is just one of the factors. No one looks at the government if food is on his table. Insecurity is a major bane to the dismembered economy that we see in the recent time.

1. FX Liquidity Is Fragile:
CBN’s reserves and interventions aren’t deep enough to stabilize demand.

2. Parallel Market Feeds on Uncertainty:
Importers and investors panic-buy dollars due to low faith in consistent policy.

3. Rates Are Artificially Split:
Two markets (official + black) with different incentives = arbitrage and volatility.

4. Oil Revenue Is Weak + Debt High:
Nigeria earns less FX than it needs. Supply ≠ Demand.

Bottom line: Until Nigeria exports more non-oil value or builds real FX buffers, naira will continue falling.

Na statistics we go chop?

They we should not demarket Nigeria, Tinubu are grateful for all you have done for us

1 dollar cruising to 2k in just 2 years of tinubu

Calamity

The headline and the content are contradictory.

How did an appreciation in the official market captured as depreciation in the headline?

The decline continues

DeLaRue:
There is no other country in the world where people obsess needlessly about small movements in their currency.

The Naira has been very stable since before the beginning of the year, and this year so far, average volatility has been less than 3%.

That's a solid performance that has driven the usual currency speculators to go and find other jobs to do. Speculation is mostly dead.

Every currency moves either way. What's important is the movements should be relatively small. That's where the naira is right now.

The CBN has done an excellent job of making the Naira stable.

You need help ASAP.

PlasmaTV:


You need help ASAP.

You didn't deny what I wrote.

malali:
1. FX Liquidity Is Fragile:
CBN’s reserves and interventions aren’t deep enough to stabilize demand.

2. Parallel Market Feeds on Uncertainty:
Importers and investors panic-buy dollars due to low faith in consistent policy.

3. Rates Are Artificially Split:
Two markets (official + black) with different incentives = arbitrage and volatility.

4. Oil Revenue Is Weak + Debt High:
Nigeria earns less FX than it needs. Supply ≠ Demand.

Bottom line: Until Nigeria exports more non-oil value or builds real FX buffers, naira will continue falling.

This looks like a copy and paste from the past. Today's reality is different.

1. FX reserves is around $40 billion. That's good.

2. Nigeria's dependence on oil as sole source of FX is reducing. Positive balance of trade and growing remittances through official channels are changing the narrative. That is why, despite the recent dramatic fall in the price of crude oil, the Naira remained gidigba.

3) Arbitrage opportunities between official and black market rates have dwindled significantly as the difference in prices between the 2 markets have narrowed massively. That's why speculators have run away.

4) Non oil exports are booming, hence 2024 record positive trade balance of around $6.5 billion. The Nigerian economy is no longer all about oil. Cocoa is pumping dollars and Euros. So are sesame seeds and others.

The economy is rebalancing, but some people still live in the past believing in outdated statistics that bears no relation to the present.

When u have an old egocentric homo sepiens at the helm of national affairs u will have a few chances of having a stable economy that serves all citizens....my only concern is poor people who suffer the most from this harsh economic policies of government and still find a way to defend them ,is crazy

Is that part of the temporary pain on our way to recovery?

Helinus, Yarimo and others who do no mean well for Nigeria, I trust you guys will avoid posts like this.

DeLaRue:
There is no other country in the world where people obsess needlessly about small movements in their currency.

That's because we are an import dependent economy. Even most manufacturing depends on imports...so at the end, people obsess over forex rates.

To some extent, it's a global game, which is why when you watch Aljazzera, CNN and some other broadcasters (and there is Bloomberg which essentially is CNN for businesspeople) they show the exchange rate every now and then. Improved travel and higher rates of global trade (nowadays, one can sell stuff from a remote village in Nigeria..to a USA buyer in theory)....means that people have to know how the exchange rate flows.

TLDR...everyone does it. Not just Nigerians.