Naira exchanges 580 to the dollar - Punch Newspapers

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The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market.

Despite efforts by the regulatory authority to salvage the naira crisis, the naira lost a margin of not less than 40 to the dollar in two months. Ever since, the website had furnished the public with rates in the parallel market, the way abokiFX had done.

 

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When a currency becomes a commodity and store of value rather than a medium of exchange, speculation on its value is inevitable, right?

E never still reach 1k? Buhari and Co what are u waiting for?

Good news💃💃💃💃💃

Abokifx still listing 🤔😑

BolaAdepitan Africa debt based economy with its dollar dependency is the cause of devaluation of its currency,as the western nation prints the dollars massively,the inflation created is exported to Africa by biased global trade and IMF devaluation policies 2 make our export cheap to the west

This week he go enter 620

I think say na Aboki Forex de control dollar rate. 🤣

Congrats to us 👏🏼 👏🏼 😊

Punch newspapers, kindly tag Emefieli, the CBN Governor. Let him know how he helps to destroy the economy of Nigeria through printing of money. $1=N580. Ridiculous!

God save Nigeria from the hands of this Foolnani people that have destroyed our lovely country!

Hahahahaaaa Never Allow Igbos Rule Again(NAIRA) has collapsed hahahahaaaa

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