Reactions As Dollar Exchanges For 1,520 Naira At Parallel Market

As of January 31st, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to   ₦1,520.123  according to Naira rates.

Naira rate released this update via its X official account on Wednesday morning.

Reacting to the continuous overwhelming decline of the Nigerian naira, Omo Kogi Said, “If you saved 1,000,000 naira in April in a dollar account, you will have 2,000,000 naira now in the same dollar account.

100% profit”.

Uncle Wilson said, “The target is N2,000 and then the dollar would fall back to N460. Let’s be patient with Tinubu’s CBN governor, Cardoso”.

Nicholson NCS said, 

“Finally the road to 1500 was far but we finally got here”.

Caveman Zamzam said,

“And truth is that the rate would keep increasing because the demand keeps increasing without sufficient supply.. 

They need to put short term remedies in place.”

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