The naira on Monday stabilised against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.

The Nigerian currency traded between N380 (buying rate) to N385 (selling rate) on Monday afternoon, maintaining the same rate as at Friday.

The naira closed at N495 to pound sterling and N415 to Euro at the same segment.

At the Bureau De Change (BDC) window, the naira was sold at N362 to the dollar, while the pound sterling and the Euro closed at N490 and N420, respectively.

Trading at the interbank window saw the naira closed at N305.95 to the dollar.

Traders commended the CBN for sustaining liquidity at the foreign exchange market
as market volatility was not in the interest of the economy.

NAN reports that the CBN had remained resolute in boosting liquidity in all the segments of the foreign exchange market.

The apex bank, had on Friday, created a special window for investors and exporters to have uninterrupted access to foreign exchange, a move stakeholders described as the right direction.

Source: http://thenationonlineng.net/naira-stabilises-parallel-market/

cc lalasticlala, Mynd44, Seun

I need the naira to appreciate more against the dollar jare, so that I can be able to easily afford to buy my favorite phone, Tecno Camon CX.

When the Naira appreciates to 200 to a dollar,then I would know that we have an economic team... otherwise,the Naira can continue stabilising like stabilizer,better still it should hold power like UPS.
#smh

funmyade:
I need the naira to appreciate more against the dollar jare, so that I can be able to easily afford to buy my favorite phone, Tecno Camon CX.

In Nigeria,once prices go up,it is forward ever.most sellers will do anything to sustain the price increase.
My advice is that you should just save more money for the phone or double your hustle.if you Continue waiting for when the Naira would appreciate and the price of the phone reduces,I am afraid Tecno will unleash newer ones by that time,and your favourite phone today may have lost its hype.
Good luck.

Cool

eezeribe:


In Nigeria,once prices go up,it is forward ever.most sellers will do anything to sustain the price increase.
My advice is that you should just save more money for the phone or double your hustle.if you Continue waiting for when the Naira would appreciate and the price of the phone reduces,I am afraid Tecno will unleash newer ones by that time,and your favourite phone today may have lost its hype.
Good luck.

That's true sha although some prices are coming down. Like the Camon CX that debuted at 70k is now between 65-68k & L9plus that debuted at 68k is now between 55-57k