NewStats: 3,264,731 , 8,184,549 topics. Date: Thursday, 12 June 2025 at 08:41 AM c4b3n

The naira lost N106.7 against the dollar in the last 48 hours at the official foreign exchange market.

This comes as the naira further weakened against the dollar in the foreign exchange market as FX supply dropped on Wednesday.

FMDQ data showed that the naira dropped to N 1659.69 per dollar on Wednesday from N1658.97 exchanged on Tuesday. This represents N0.72 loss.

DAILY POST recalls that on Tuesday the naira dropped significantly by N106.05 against the dollar.

Data from the World Bank showed that the naira was among the worst-performing currencies in Africa.

The only time it gained this week against the dollar was on Monday.

Fluctuations in Nigeria’s FX market have continued untamed despite interventions by the Central Bank of Nigeria, CBN.

Meanwhile, Yemi Cardoso, the Governor of CBN, who spoke at the House of Representatives Committee on Banking Regulations said Nigeria has enough in its external reserves, which stood at $39.12 billion.

https://dailypost.ng/2024/10/16/naira-loses-n106-7-in-48-hours/

Ikaeniyan0:
naira will soon start gaining against the dollar

Lmao, what makes this funny is that people like you who defend that grotesque-looking subhuman in Aso Rock knows that you're not fooling anyone. But you just drop the "positive" comment anyway and move on.

Source1989:
Who do us this thing

What do you expect when Buhari and Emefiele injected over NGN20trillion from thin air into the economy

We don't even have enough physical cash to back up our electronic cash

RingRoadCartel:


Lmao, what makes this funny is that people like you who defend that grotesque-looking subhuman in Aso Rock knows that you're not fooling anyone. But you just drop the "positive" comment anyway and move on.

Naira will start gaining against the us dollar very soon

Donaldoni:


What do you expect when Buhari and Emefiele injected over NGN20trillion into the economy from thin air

We don't even have enough physical cash to back up our electronic cash

Osanobua roast your scrotum there for bringing Emefiele into this! Was the naira this worthless under him? All you people do is blame and shift goal post, no real forensic insight

RingRoadCartel:


Osanobua roast your my scrotum there for bringing Emefiele into this! Was the naira this worthless under him? All you people do is blame and shift goal post, no real forensic insight

Everything under Buhari and Emefiele was FAKE and UNSUSTAINABLE. We were heading for economic perdition!

Ikaeniyan0:
Naira will start gaining against the us dollar very soon

Do you marijuana?

RingRoadCartel:


Do you marijuana?

Do you mkpurimmiri?

NIGERIA IS RUNNING "ABOKI FULANI ECONOMY"

Toh

Truly truly I am yet to understand the kind of people we have in Nigeria. Suffering and smiling every where.

Just as it should be. I'm not surprised at all. Because Nigeria and bad news is like bread and butter.

Cassandraloius:
Just as it should be. I'm not surprised at all. Because Nigeria and bad news is like bread and butter.

It is well with Nigeria.

Ikaeniyan0:
naira will soon start gaining against the dollar

What's so funny is that you don't even believe what you wrote.

But some how you have to do your job and 30k must be collected

Donaldoni:


Everything under Buhari and Emefiele was FAKE and UNSUSTAINABLE. We were heading for economic perdition!

Everything under the devilish party was fake and unstable, but Buhari was far better than Tinubu in all ramifications..

Buhari paid subsidy but Tinubu without paying subsidy has borrowed money than Buhari

Ikaeniyan0:
naira will soon start gaining against the dollar

You will buy petrol at 200 naira per liter before 12pm today. For more babablu send 'gagaraga' to 419.

I believe in Tinubu to deal with this country




A bag of rice now 80k




till 2031

Me i no understand this people oooo.
Zero economic gain despite all the suffering .
Economic reforms yet we are owing more dollars and naira as compared to the last istration

Nlfpmod, efarabale amagbe wale.

zombieHUNTER:


Everything under the devilish party was fake and unstable, but Buhari was far better than Tinubu in all ramifications..

Buhari paid subsidy but Tinubu without paying subsidy has borrowed money than Buhari

The value of the debt in dollars is less under Tinubu than Buhari.

Under Buhari we spent 97% of our revenue servicing debt. Today it is down to 68% or thereabout.

Not even a single minister appointed by Buhari is working efficiently at %10

Even the power minister we thought was working a bit fine has disgraced himself with the national grid collapsing collapsing every two months

Meanwhile tilinbu is abroad recharging his battery while shettima is God knows where attending events with no immediate and decisive change to Nigerias issues.

We really dodged a bullet of PO to be slammed in the face with ballistic missiles of tilinbu 🤦‍♂️🤦‍♂️

Gadafii:
Not even a single minister appointed by Buhari is working efficiently at %10

Even the power minister we thought was working a bit fine has disgraced himself with the national grid collapsing collapsing every two months

Meanwhile Buhari is abroad recharging his battery while shettima is God knows where attending events with no immediate and decisive change to Nigerias issues.

We really dodged a bullet of PO to be slammed in the face with ballistic missiles of tilinbu 🤦‍♂️🤦‍♂️

Is Buhari your president?

The recent depreciation of the Naira by N106.7 in just 48 hours is concerning for both consumers and businesses. This rapid decline shows the urgent need for effective monetary policies to stabilize our economy. Let's hope the government takes decisive action to address this issue. For further insights and updates on the economic situation, visit The Bureau Newspaper here.

Whenever HELL NEWS is baffled by the incompetence of his agbado "messiah" na only "toh" him sabi talk

helinues:
Toh

Una don turn this naira thing to soccer abi.

Discourage import and encourage local production/export. The only solution. They are sitting in air conditioned offices and adjusting rates. Is economy a game of chess or monopoly?

..
Cardoso is as clueless as his principal,T-Pain

ok

LegendHero:


They don give up.

Cardoso don show them pepper. Which mouth they wan use say na propaganda when in the next few days dollar go show closer to that price.

Even for WorldRemit now, na N1173 to the $

See what one of the confused Tinubu ers said months ago in this thread https://nairaland.moviesx.org/8055114/cbn-sells-dollars-bdcs-below#129329298


Tinubu ers are so gullible.Tinubu dey use their brains dey play tennis.

iwaeda:

Is Buhari your president?

I shock