Naira hits N590/$1 at parallel market ahead of Easter break | TheCable

April 14, 2022 12:20 PM

As the Easter holiday approaches, the Nigerian naira weakened to N590 to a dollar at the parallel market.On Thursday morning, street traders told TheCable that one dollar exchanged for N590. They put the buying price of the dollar at N585 and the selling price at N590, leaving a N5 profit margin.A BDC operator at Ikeja, simply identified as Musa, told TheCable that there has been a surge in demand for the greenback because of the fast-approaching Easter holiday.April 15 and 18, 2022, as public holidays to mark the Easter celebration.At the official market, the local currency depreciated by 0.01 per cent to close at N416.

There was huge pressure in the market as the local currency touched an intraday high of N410.00 and a low of N444.00 before closing at N416.67 on Wednesday.that some foreign airlines operating in Nigeria will begin the sale of tickets in US dollars with effect from April 19, 2022. The development may cause the naira to weaken due to rising dollar demand as Nigerian travellers may have to buy dollars from the parallel market to purchase tickets.

I don’t understand why abokiFX won’t tweet daily rates for us it’s not fair, you know you’re the only plug we got in this country

You banned Aboki FX, now what? What's still happening to the naira

Wetin still dey normal for this country? Wetin😪

julietkego When Buhari took over a friend of mine in Abuja told me that dollar will eventually get to 500, I thought them it was sarcasm from one friend to another consoling ourselves over what we considered a big mistake on the part of Nigerian electorate

In this festive season,u can gift your love one who is living with Diabetes,my Diabetes Herbal mixture,this is one of the gift they will never forget,because,after taken my Herbal mixture,Diabetes will be a thing of past,they will be able to eat any foods,it's 100% effective,DM.

Nigeria is doomed.

Ur CBN governor is busy with presidential race,

Hehe😂😂

AbokiFX is to blame

Thank God, sleepy Buhari fulfills his promise: $1= N1

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