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Nairaland Forum / Nairaland / General / Business / Naira Falls At Parallel Market, Appreciates In Official Window (27048 Views)
Exchange Rates In Official And Parallel Markets Converge / Naira Continues Free Fall On Official Window, Trades N1482.57/$ / Naira Drops At Parallel Market, Closes 900/$ At Official Window (2) (3) (4)
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Naira Falls At Parallel Market, Appreciates In Official Window by Great100000: 5:22am On Mar 16 |
The naira, on Friday, depreciated to N1,600 per dollar at the parallel section of the foreign exchange (FX) market. Source: https://www.thecable.ng/naira-falls-at-parallel-market-appreciates-in-official-window/amp?/naira-falls-at-parallel-market-appreciates-in-official-window 4 Likes 1 Share
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Re: Naira Falls At Parallel Market, Appreciates In Official Window by soik(m): 5:25am On Mar 16 |
How come? |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Kukutente23: 5:27am On Mar 16 |
It's all a fraud The CBN is back to pegging exchange rate Tinubu suffered Nigerians for nothing 114 Likes 8 Shares |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by phemmie06(m): 5:39am On Mar 16 |
These people want to sink this boat but God no go gree for them. Naira is now falling again. The truth is that the continuous falling of the naira indicates their failures at all level 30 Likes 1 Share |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by phemmie06(m): 5:43am On Mar 16 |
CBN governor talking as if he has the solution, banks should not touch the forex revaluation gains..... Can the naira recover, to how much will it recover? Kukutente23: “Further to our letter dated September 11, 2023, referenced BSD/DIR/CON/LAB/16/020 on the above subject, the Central Bank of Nigeria wishes to reiterate that banks are required to exercise utmost prudence and set aside FCY revaluation gains as a counter-cyclical buffer to cushion any adverse movements in the FX rate,” CBN said. “In this regard, banks shall not utilize such FX revaluation gains to pay dividends or meet operating expenses.” CBN had issued guidelines on September 11, 2023, on how banks can manage the impact of FX reforms. Source: https://www.thecable.ng/naira-falls-at-parallel-market-appreciates-in-official-window/amp?/naira-falls-at-parallel-market-appreciates-in-official-window[/quote] 2 Likes |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by iichidodo: 6:37am On Mar 16 |
Just keep it stable, so that the economy can have a breather... 9 Likes 1 Share |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Bitcoin: 6:38am On Mar 16 |
Is Binance still to blame? 72 Likes 1 Share |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Moyinoluwa35(f): 6:38am On Mar 16 |
Your govt came and met dollar at 700 naira now urs shift to 1600, how this dullard won this election without presidential debate still a surprise 107 Likes 6 Shares |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by doyin01: 6:38am On Mar 16 |
The most useless government ever 49 Likes 1 Share |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by omenka1: 6:39am On Mar 16 |
Shaky shaky naira Na propaganda go finish the yeye economy kpatakpata 137 Likes 1 Share |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Pennilessword1: 6:39am On Mar 16 |
What do you expect from an adult incompetent ruling class. I wonder how much has been sunk to offset the little power naira had in the market for that brief spell 12 Likes 2 Shares |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by ruggedboych: 6:39am On Mar 16 |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Brendaniel: 6:39am On Mar 16 |
When performance and governance is built on lies and propaganda. You might win election with lies and propaganda but not governance same thing happened to Buhari 25 Likes 1 Share |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Wainey: 6:39am On Mar 16 |
phemmie06:Did you read at all abi u just saw naira and decide to comment? 1 Like |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by SpatialKing(m): 6:40am On Mar 16 |
To below 1000? |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Killermamba: 6:40am On Mar 16 |
Kukutente23:😂😂😂😂😂😂 |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by SpatialKing(m): 6:40am On Mar 16 |
To below 1000? Until is below 1000 3 Likes |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by LegacyB: 6:40am On Mar 16 |
doyin01:I thought Buhari’s government had this title. Ee don change? 1 Like |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by toluleke(m): 6:40am On Mar 16 |
The floating will stabilise a lot of thing only if we begin to produce and export. Those who their currency dominate us will prefer to buy from us because it is cheaper 1 Like |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Kelvin5214: 6:40am On Mar 16 |
Idan must hear this |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by VeeVeeMyLuv(m): 6:41am On Mar 16 |
Bitcoin:Nooooooooo......... !!!!!!!!!!!! |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Pennilessword1: 6:41am On Mar 16 |
Bitcoin: Don't mind them....when sleepy Rifnubu and his goons are busy spending frivolously. And there isn't any concrete plan on battling the Naira fall what do you expect 6 Likes |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by doyin01: 6:41am On Mar 16 |
LegacyB: Apc government as a whole decided to spoil Nigeria pata pata 8 Likes 1 Share |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Wainey: 6:41am On Mar 16 |
toluleke:that is not the reason, we export more than we import currently 1 Like |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by everythingtall3: 6:42am On Mar 16 |
since i saw 193million for one borehole , i know tinubu has no plan for us 24 Likes 1 Share |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by iampeterben(m): 6:42am On Mar 16 |
Small small make e enter 1200 |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by VeeVeeMyLuv(m): 6:43am On Mar 16 |
SpatialKing:Revaluation gains in this case means higher rates for the commercial banks Like it is happening now with this report. 1 Like |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Mandate1: 6:44am On Mar 16 |
Govt of trial and error, no clear-cut direction. How do I explain to anyone that the priority of the Nigerian national assembly is to buy deep freezers for constituencies. A country with a very comatose electricity. Freezers that an average minimum wager should comfortably buy? Between 1999-2024, Nigeria can't produce a mere 5,000megawatts of electricity, this is a total of 25years. What a shame! 20 Likes |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by tunwumi: 6:46am On Mar 16 |
Let's have it |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by Blazetrailer: 6:47am On Mar 16 |
....this is correct. All those story about floating the naira na wash. If you know, you know. As pointed out by a foreign financial magazine late last week, the govt of Nigeria devalued the currency intentionally...shikena. This would increase the value of their forex earnings in naira to fund the budget and the bloated govt. They have sold a dummy to the Nigerian populace, just like they did on subsidy. Unfortunately, we have dunderheads who still believe them, even the so called experts have failed to see this. Naira will hover between 1400 and 1600 for the foreseeable future. They know what thy are doing. Kukutente23:... I 21 Likes 1 Share |
Re: Naira Falls At Parallel Market, Appreciates In Official Window by wizelink(m): 6:48am On Mar 16 |
Okay. We no go die. We no go gree for dollar hike/appreciation against naira |
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