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Nairaland Forum / Nairaland / General / Business / Naira "Strenghtens" To N270/Dollar At Parallel Market (22629 Views)
Naira Gains, Dollar Crashes At Parallel Market / Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks / Naira Situation Worsens, Falls To N270/$ (2) (3) (4)
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Naira "Strenghtens" To N270/Dollar At Parallel Market by jstbeinhonest(m): 6:35pm On Dec 18, 2015 |
The naira on Friday strengthened against the dollar after weeks of free fall at the parallel market. The currency gained N10 to exchange at N270 to the dollar after it nosedived to N280 on Thursday. At the official interbank window, it gained N0.03 to close at N196.97 to the dollar. Traders at the market told the News Agency of Nigeria (NAN) that currency speculators were afraid that the naira could sell below their expectations and this forced them to release foreign exchange for sale. Meanwhile, Dr Evans Osabouhien of the Department of Economics and Development Studies, Covenant University, Ota, Ogun, has said that during the Yuletide, Nigerians living abroad would be coming home with a lot of foreign currencies. Osabouhien said that this would help to reduce the pressure on the foreign exchange market and strengthen the naira. (NAN) . www.leadership.ng/business/484379/naira-strengthens-dollar-parallel-market-2 Lalasticlala , Obinoscopy , Seun 2 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by politricks: 6:39pm On Dec 18, 2015 |
The way this Naira is falling it would soon fall in love. Thank God it gained a little. 116 Likes 5 Shares |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by nusta(m): 6:40pm On Dec 18, 2015 |
Still not impressed! 12 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by Soneh(m): 6:42pm On Dec 18, 2015 |
one step foward ,hundred steps backward .
so much for the much touted change. ..kai buhari 46 Likes 1 Share |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by jstbeinhonest(m): 6:46pm On Dec 18, 2015 |
270....This is bad. 4 Likes 1 Share |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by vicostyle20: 6:49pm On Dec 18, 2015 |
Dr Buhari.........the heat is on. Governance is more than just fighting corruption. Brace up Dr Buhari 41 Likes 1 Share |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by damton(m): 6:49pm On Dec 18, 2015 |
Hmmm. |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by DirtyGold: 6:49pm On Dec 18, 2015 |
Good things shall begin to trickle in gradually and incrementally for me, you and the country. Click like if you believe 2016 will be your best year yet. 201 Likes 4 Shares |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by shammah1(m): 6:49pm On Dec 18, 2015 |
Ok 1 Like |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by agarawu23(m): 6:50pm On Dec 18, 2015 |
Hmm |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by Israelie(m): 6:50pm On Dec 18, 2015 |
No b sai changing huna want? E don de happen na.... So y shouting? 5 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by Nobody: 6:50pm On Dec 18, 2015 |
good news... |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by DaFlash: 6:50pm On Dec 18, 2015 |
In the fullness of time we shall get there by God's grace and any pomo governor and its zombies that wishes this country doom, they and their generations shall end up doomed forever. 6 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by Reediano(m): 6:50pm On Dec 18, 2015 |
Not good enough 2 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by repogirl(f): 6:51pm On Dec 18, 2015 |
Byl January it will become 300 ,make we dey see. 6 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by AceRoyal: 6:51pm On Dec 18, 2015 |
Hahahahahahahahahahahahahahaha 2 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by kennyman2000(m): 6:51pm On Dec 18, 2015 |
Hmmmmm.... |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by laporsche40: 6:51pm On Dec 18, 2015 |
politricks: 1 Like |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by pat077: 6:51pm On Dec 18, 2015 |
see as our naira dey move up and down like see-saw. 1 Like |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by Generalkorex(m): 6:51pm On Dec 18, 2015 |
APc and propaganda. 14 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by VickyRotex(f): 6:52pm On Dec 18, 2015 |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by Demmocrats(m): 6:52pm On Dec 18, 2015 |
The naira on Friday strengthened against the dollar after weeks of free fall at the parallel market. The currency gained N10 to exchange at N270 to the dollar after it nosedived to N280 on Thursday. When dollar comes down to 180 then its proper to say that naira has strengthened over dollar. The price of oil in the global market is down and our senators are busy using the little we have to buy cars (No Value and always depreciates in value) and supporting the economy of other nation while our local car industry that needs such investments keeps dying. Are we the only country in the world that there major source of income is oil, why are we Nigerians suffering. Why can't the government manage the little we have even though we have excess (in terms of natural and human resources). Why can't the government diversify our economy, why can't our government thoroughly fight corruption instead of selectively fighting some people all in the name of corruption. Even though i support my Sai Buhari i must say the truth, the only time we Nigerians will start to appreciate my Sai Buhari is when he starts delivering his campaign promises like 1$ = 1N. At this rate of dollar transfer its only the poor that suffers it while the rich gains more from it because its the rich that have the dollars and by that they have more buying powers. A property going for a billion Naira can be easily acquired by the rich by few million dollars. My Sai Buhari, the poor Nigerians voted you in because we wanted change, we wanted to see a better Nigeria, a Nigeria where jobs are gotten by merits, a Nigeria with less Corruption, a Nigeria with less intimidation, a Nigeria were ethnicity won't be a barrier, A Nigeria that we Nigerians will be proud to call ourselves Nigerians. Please don't kill the dreams of millions of Nigerians because we all know that you can achieve that and remove the huge burden called poverty/corruption that has eaten deep in Nigeria 4 Likes 1 Share |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by GHA1(m): 6:52pm On Dec 18, 2015 |
BUBU body odour caused it 7 Likes 1 Share |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by BABANGBALI: 6:52pm On Dec 18, 2015 |
na who give am akpu chop? 2 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by Nobody: 6:52pm On Dec 18, 2015 |
Sai buhari now sounding like Kai Buhari!!! 11 Likes 1 Share |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by ebig21(m): 6:52pm On Dec 18, 2015 |
Abeg see strength. Make God give apc and buhari supporters the kind of the strength the naira have 8 Likes |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by itoldu: 6:53pm On Dec 18, 2015 |
abeg xmas don reach finish. 150Naira:$1 or nothing 1 Like |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by ednut1(m): 6:53pm On Dec 18, 2015 |
Sorry to say this end times |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by Nobody: 6:54pm On Dec 18, 2015 |
Gain ko !! Gay nii Akpos jumps from bed and starts shouting "God save me, save me, save me. The wife asked, did you have a nightmare? He says yes. The wife asked ask again, were you been chased by a lion? Akpos replied; lion is even better. I nearly voted for Buhari again‎ 25 Likes 2 Shares |
Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by Kekekenny(m): 6:54pm On Dec 18, 2015 |
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