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Nairaland Forum / Nairaland / General / Business / Naira Quoted At 253/$ As Interbank Market Opens (46581 Views)
Naira Appreciates To N435/$, As CBN Injects $180m. / Naira Appreciates To N455/$ As External Reserves Hit $30bn / Naira Finally Improves At The Interbank Rate (2) (3) (4)
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Re: Naira Quoted At 253/$ As Interbank Market Opens by NOETHNICITY(m): 10:22am On Jun 20, 2016 |
shyling:Common bro, it's been tooo many bad news over the yrs, its about time we shed the pessimism. |
Re: Naira Quoted At 253/$ As Interbank Market Opens by tbaba1234: 10:23am On Jun 20, 2016 |
Rate is currently 257.50 to a dollar 1 Like |
Re: Naira Quoted At 253/$ As Interbank Market Opens by DoyenExchange: 10:24am On Jun 20, 2016 |
Let's see how it trades. E-currencies will definitely be affected. |
Re: Naira Quoted At 253/$ As Interbank Market Opens by tbaba1234: 10:25am On Jun 20, 2016 |
Pound is trading at 381 7 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by DaBullIT(m): 10:25am On Jun 20, 2016 |
[quote author=shyling post=46742842][/quote] 6 Likes
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Re: Naira Quoted At 253/$ As Interbank Market Opens by 989900: 10:26am On Jun 20, 2016 |
AtlanticBreeze: I call BS. 10 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by HurtgenForest: 10:29am On Jun 20, 2016 |
. |
Re: Naira Quoted At 253/$ As Interbank Market Opens by HurtgenForest: 10:31am On Jun 20, 2016 |
PassingShot: There you have it! The true value of the naira can never by N197. Why are you like this? 1 Like |
Re: Naira Quoted At 253/$ As Interbank Market Opens by AtlanticBreeze: 10:37am On Jun 20, 2016 |
989900:coming from the same set of people that believed buhari will turn N1 to $1. The same people that hailed buhari for not devaluing the naira. I will jump and pass.. keep wishing 1 Like 1 Share |
Re: Naira Quoted At 253/$ As Interbank Market Opens by 989900: 10:39am On Jun 20, 2016 |
AtlanticBreeze: Yeah right . . . 6 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by tbaba1234: 10:41am On Jun 20, 2016 |
257.75/$ Current rate 3 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by AtlanticBreeze: 10:42am On Jun 20, 2016 |
989900:why not advice buhari to use military to stabilize the naira to $1 to N1 as he produced so that you can be happy for once instead of always living in dreamland 2 Likes 1 Share |
Re: Naira Quoted At 253/$ As Interbank Market Opens by PassingShot(m): 10:47am On Jun 20, 2016 |
AtlanticBreeze:Stop pretending to be smart. You are not and that's the truth. How does the govt pump dollars in floating arrangement to defend the Naira? 16 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by tbaba1234: 10:48am On Jun 20, 2016 |
PassingShot: He is not a smart guy...disjointed, incoherent arguments 18 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by AtlanticBreeze: 10:51am On Jun 20, 2016 |
PassingShot:what is the structure to support the floating of the naira... if you are saying there is no structure that means the naira will soon become useless. My guess is that govt will pump in dollars to prevent dollar scarcity or what is the plan? You think you can just come here and be blabbling floating the naira up and down 5 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Integrityfarms(m): 10:55am On Jun 20, 2016 |
Trial and Error Government who has more media team against a resounding and academic witty economic team! #smh 2 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by PassingShot(m): 10:56am On Jun 20, 2016 |
AtlanticBreeze:Now I know you're very ignorant about this issue. Just help yourself by reading the press release of Emefiele to understand the structure. The govt will not pump any dollars to prevent scarcity since there will be many big players including foreign licenced traders. The role of govt will be if there is scarcity not to prevent it. I'm not here to teach you further. 17 Likes 3 Shares |
Re: Naira Quoted At 253/$ As Interbank Market Opens by BlackMerchant(m): 10:57am On Jun 20, 2016 |
AtlanticBreeze: You are the one deceiving yourself. Babangida never floated the Naira as PMB is doing now. Rather, Babangida devalued the Naira as part of the Structural Adjustment Programme(SAP), as part of the conditions given by IMF for its loan to Nigeria at that time. The floating of the Naira today is a very novel idea by Emefiele. Please stop misinforming people. 25 Likes 2 Shares |
Re: Naira Quoted At 253/$ As Interbank Market Opens by martineverest(m): 10:58am On Jun 20, 2016 |
dancing azonto.....bubu is the real change we want. I see dollars falling close to 220 when chinese yuan policy is enacted 8 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Sunnynwa: 10:58am On Jun 20, 2016 |
AtlanticBreeze: Where will they get the dollar to be pumping? Therein lies the problem.... 1 Like |
Re: Naira Quoted At 253/$ As Interbank Market Opens by martineverest(m): 11:01am On Jun 20, 2016 |
TippyTop:pained wailer....if she could able to stabilise the economy,what else could be difficult? 2 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Bollinger(m): 11:01am On Jun 20, 2016 |
PassingShot: I wouldn't go that far. Hopefully it is true, but Nigeria still has a billion other problems to contend with. 2 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by PentiumPro(f): 11:01am On Jun 20, 2016 |
TippyTop: So says a pessimist and sadist. The worst is over in Nigeria, God will never answer your prayers for harsh times for Nigerians to justify your hatred for the government. 10 Likes 1 Share |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Dainikel(m): 11:02am On Jun 20, 2016 |
Quite impressive if stays that way & even better if the naira could gain more strenght |
Re: Naira Quoted At 253/$ As Interbank Market Opens by tbaba1234: 11:02am On Jun 20, 2016 |
Currently 262.50 to a dollar... Expect the day to end at about 280 and then stabilize over time... 6 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by martineverest(m): 11:02am On Jun 20, 2016 |
Sunnynwa:didnt u hear dat 4billion dollars will be injected into d economy?...wailers everywhere 2 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by neocortex: 11:03am On Jun 20, 2016 |
crazymommy: You missed the point, the common man and many importers cannot get dollars from the interbank market. You should watch out for the next two weeks before you think he made a wrong decision. 2 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Nobody: 11:04am On Jun 20, 2016 |
It is too early to determine what the actual value of Naira will be compared to dollar under this floating arrangement. By the end of this month, we will get a clearer picture. CBN should not fold their hands as there will be local and international attempts by sabotour to negatively distort the value of the naira. |
Re: Naira Quoted At 253/$ As Interbank Market Opens by BUHARIISCURSED(m): 11:04am On Jun 20, 2016 |
PassingShot: |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Adesiji77: 11:04am On Jun 20, 2016 |
Interesting times... |
Re: Naira Quoted At 253/$ As Interbank Market Opens by AtlanticBreeze: 11:04am On Jun 20, 2016 |
BlackMerchant:you people are just mischievous. A novel idea and you already believe it will work? What are the indices? Even top economists I have spoken to criticized this move by CBN. I'm talking professors here 1 Like |
Re: Naira Quoted At 253/$ As Interbank Market Opens by ecel: 11:05am On Jun 20, 2016 |
What is £ to Naira rate? 1 Like |
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