The Naira continued to gain against the dollar following the Central Bank of Nigeria (CBN) $457 million intervention on Monday.

The local currency on Thursday rose against the U.S dollar to N375 per dollar on the parallel market as the foreign exchange liquidity continued to increase.

Investigations revealed that the parallel market rate which most analysts had projected to remain at N385 to a dollar, improved to N375/$.

CBN’s Acting Director of Corporate Communications, Isaac Okorafor, had at the weekend reiterated the bank’s commitment to ensuring that there was enough supply of forex to genuine customers in pursuit of rates’ convergence.

http://investorsking.com/naira-gains-against-dollar-to-n375/

We are making progress.

Isn't this partly due to the global fall of the dollar due to uncertainty in Trump's administration?

Amoto94:
Isn't this partly due to the global fall of the dollar due to uncertainty in Trump's administration?

No, that only affected free floated currencies and not tightly regulated currency like the Naira.

$1 to #1 or nothing

one step at a time... meanwhile please help a brother... what do you do when your lecturers are doing everything possible to bring your result CGP down? they've replaced all prospective male with 2.1 with the ladies! I'm tired of Nigeria school

Good move

The naira rise and fall is now a national news... Mchew

Smh for dis nation, the naira rises and falls like a sickle cell anemia patient

As bubu is not around, things are looking up, we need to bribe his doctors neva to clear him

Meanwhile why is the naira going up and down like strippers booty goes

Twuale Osinbajo

Am not understanding Food stuff price never come down na... Nigerians sha

Good news

Doller is gradually approaching #2 as promised us by the change ambassadors.

Na joke oh!

So I can't change my 500 dollars now until it goes up again....issorite. it's just a matter if time

375 they raise? I beg make e come down to 150 or 100 then I go say e done dey raise.

Dis exchange rate just keeps fluctuating

Just passing by

How will this reduce the price of GARRI?

tolexy123:
Am not understanding Food stuff price never come down na... Nigerians sha

I tire o

xstry:
We are making progress.

Oga how na?...may u progress like that. ...nonsense

Looks like Buhari does not like the dollar
Or the dollar does not like Buhari

Ok

Kjking:
one step at a time... meanwhile please help a brother... what do you do when your lecturers are doing everything possible to bring your result CGP down? they've replaced all prospective male with 2.1 with the ladies! I'm tired of Nigeria school

Lol....you are frustrated right?

good development

Once PMB commot,
Naira go begin strong,
price of foodstuff go come down.

When he come back
Naira go begin fall,
foodstuff begin cost.

PMB & Ogbe, his agric minister
should all go abroad for one
full year; all expense paid, to any
destination of choice.....

Some ppl may mean well,
but dem be badluck.

Osibanjo is working, buhari should remain in London till 2023.

Basic math.....naira falls and rises with the oil price.

2013: Oil price was at $94 on average.
Naira exchanged at 159 to $1

2014: Oil price was at $85 on average
Naira exchanged at 180 to $1

2015: Oil price was at $41.9 on average
Naira exchanged at 258 to $1

2016: Oil prices were at $ 34 on average.
Naira exchanged at 350 on the parallel market to $1

Buhari is a big failure ,he can't bring anything good to this country...but this will serve as lesson to Nigerians.

I am supprised that at this smartphone era people will still rather vote anyone above 70yeats of age..just lile choosing an old Mechanic of benz regular era over a mechanic of Toyota era.


Nigerians let's choose wisely in the upcoming elections oo, a younger president or nothing

chinawapz:
Lol....you are frustrated right?

over

the price of goods still remained as it was when dollar was rising against naira


nothing is worth to celebrate here. even if the naira is 200 against dollars, it might still nt affect inflation positively


we Nigerians are the problem of ourselves most esp the trader


I doubt it, if consumer right exist at all in this country

sigh!