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Nairaland Forum / Nairaland / General / Business / Naira Gains, Dollar Crashes At Parallel Market (41450 Views)
Dollar Crashes To N368/$1 / Dollar Crashes Again At Parallel Market / As Naira Gains, Neighbouring Countries Ease Rush For Nigerian Goods (2) (3) (4)
Naira Gains, Dollar Crashes At Parallel Market by Ajudin: 5:22pm On May 17, 2017 |
- The Naira has gained strength against the American Dollar at parallel market - The local currency however crashed against the Pound but stayed firm against Euro - Nigeria has five rates: the official rate, the black market, a rate for Muslim pilgrims going to Saudi Arabia, a retail rate set by licensed exchange BDC and a rate for foreign school fees The Naira on Wednesday, May 17, continued its growth against the American Dollar at the parallel market. This follows report that the local currency closed the day at N385 to the Dollar, one point stronger than the N386 it closed on Tuesday, May 16. However, the local currency weakened against the Pound Sterling but stayed firm against the Euro at the same segment. It dropped seven points against the Pound to close at N497 as against the previous rate of N490, but closed at N420 per Euro as it was yesterday, May 16. The recent development comes on the heels of report that the Central Bank of Nigeria (CBN) on Monday, May 15, injected $457.3 million into various segments of the foreign exchange market. The CBN also disclosed that the Investors and Exporters (I&E) foreign exchange window has so far attracted $600 million from autonomous sources and from the apex bank. This was disclosed by Isaac Okorafor, the acting director, Corporate Communications at the CBN 2 Likes 1 Share
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Re: Naira Gains, Dollar Crashes At Parallel Market by ednut1(m): 7:27am On May 18, 2017 |
Still no impact on d common man 38 Likes 2 Shares |
Re: Naira Gains, Dollar Crashes At Parallel Market by Horlaidex(m): 7:27am On May 18, 2017 |
Not until it reaches 300/$ 11 Likes 1 Share |
Re: Naira Gains, Dollar Crashes At Parallel Market by jtjohn(m): 7:27am On May 18, 2017 |
When will the price of goods crash,the price of dollar to Naira is crashing and the price of goods remain constant. 10 Likes 1 Share |
Re: Naira Gains, Dollar Crashes At Parallel Market by sheedy407(m): 7:28am On May 18, 2017 |
ok |
Re: Naira Gains, Dollar Crashes At Parallel Market by Sunnycliff(m): 7:28am On May 18, 2017 |
Back and forth movement? Is this progressive? 13 Likes 2 Shares |
Re: Naira Gains, Dollar Crashes At Parallel Market by greatiyk4u(m): 7:28am On May 18, 2017 |
Still high sha 1 Like 1 Share |
Re: Naira Gains, Dollar Crashes At Parallel Market by Akshow: 7:28am On May 18, 2017 |
Food still cost |
Re: Naira Gains, Dollar Crashes At Parallel Market by mhile(m): 7:28am On May 18, 2017 |
May God help us in this country...we still av a long way to go |
Re: Naira Gains, Dollar Crashes At Parallel Market by MoreWahala: 7:28am On May 18, 2017 |
Just gain by 1, and you wrote dollar crashes 79 Likes 1 Share
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Re: Naira Gains, Dollar Crashes At Parallel Market by Caleboha(m): 7:29am On May 18, 2017 |
Any time Osibanjo takes over the economy improves (using the value of the naira as a yardstick). Last time such news flooded the media was prior to Buhari's return. Now that he has gone, we're getting back on track. Is Buhari really cursed or a curse?? 23 Likes 3 Shares |
Re: Naira Gains, Dollar Crashes At Parallel Market by omusiliyu(m): 7:29am On May 18, 2017 |
THE MERE COMMISSIONER IS WORKING |
Re: Naira Gains, Dollar Crashes At Parallel Market by rectitude(m): 7:29am On May 18, 2017 |
Maybe it's just me who thinks the rate at which the naira rises is slow. |
Re: Naira Gains, Dollar Crashes At Parallel Market by TrumpDonald2: 7:29am On May 18, 2017 |
What is the meaning of this? 1 Like |
Re: Naira Gains, Dollar Crashes At Parallel Market by Yorubaangel(m): 7:30am On May 18, 2017 |
naira is now a pendulum experiment apparatus 1 Like 1 Share |
Re: Naira Gains, Dollar Crashes At Parallel Market by Nobody: 7:30am On May 18, 2017 |
Things are still the way it is |
Re: Naira Gains, Dollar Crashes At Parallel Market by edo3(m): 7:31am On May 18, 2017 |
Re: Naira Gains, Dollar Crashes At Parallel Market by mikkypel(m): 7:31am On May 18, 2017 |
I open this thread just to be disappointed... Just by One and it is on a front page... Thunder, why are you calm these days? 12 Likes 2 Shares |
Re: Naira Gains, Dollar Crashes At Parallel Market by Nobody: 7:32am On May 18, 2017 |
MoreWahala:no mind d nonsense op, i rushed to open the thread expecting to see like 350 naira/dollar 8 Likes 1 Share |
Re: Naira Gains, Dollar Crashes At Parallel Market by VocalWalls: 7:32am On May 18, 2017 |
At 385? Deceit. What was it before if not 385 5 Likes 1 Share |
Re: Naira Gains, Dollar Crashes At Parallel Market by Stanleyville(m): 7:32am On May 18, 2017 |
Does it make tomato's price any cheaper?? 6 Likes 1 Share
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Re: Naira Gains, Dollar Crashes At Parallel Market by chris4gold(m): 7:32am On May 18, 2017 |
As if say, dollar na 150naira 7 Likes 1 Share |
Re: Naira Gains, Dollar Crashes At Parallel Market by buchilino(m): 7:32am On May 18, 2017 |
EVEN IF IT GOES BACK TO #200, I DOUBT IT WILL HAVE ANY POSITIVE IMPACT ON PPLE. 1 Like |
Re: Naira Gains, Dollar Crashes At Parallel Market by UgwuKristian: 7:32am On May 18, 2017 |
Lies from the pit of hell. 1 Like
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Re: Naira Gains, Dollar Crashes At Parallel Market by HottestFire: 7:33am On May 18, 2017 |
What is this? Celebrating N1. |
Re: Naira Gains, Dollar Crashes At Parallel Market by Hawlahscho(m): 7:34am On May 18, 2017 |
If it's not yet the N150 I used to know, pls dont post it online. 6 Likes 1 Share |
Re: Naira Gains, Dollar Crashes At Parallel Market by crazyABO(m): 7:34am On May 18, 2017 |
Can we just stop deceiving our self with this naira gain n naira loose I don't really see any diff in it. Naira is really loosing against the dollar that's wah I knw and am sure everybody does too till 1$ is 150N I refuse to believe d rubbish gain n loose game pls 6 Likes |
Re: Naira Gains, Dollar Crashes At Parallel Market by marisdgreat(f): 7:34am On May 18, 2017 |
Please where do they exchange dollar to naira in Enugu? 2 Likes 1 Share |
Re: Naira Gains, Dollar Crashes At Parallel Market by Hawlahscho(m): 7:36am On May 18, 2017 |
marisdgreat:Straight down the road by your left hand side. You jump d gutter and see them there. 1 Like |
Re: Naira Gains, Dollar Crashes At Parallel Market by CoolFreeday(m): 7:36am On May 18, 2017 |
That's not my business right now, am happy things are moving, constructions going on . Thank God for PMB/Osinbajo, gradually we will get there. |
Re: Naira Gains, Dollar Crashes At Parallel Market by jnrbayano(m): 7:37am On May 18, 2017 |
Buhari travels, Naira gains. 3 Likes 1 Share |
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