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Nairaland Forum / Nairaland / General / Business / Naira Gains Against Dollar To N375/$ (11312 Views)
As Naira Gains, Neighbouring Countries Ease Rush For Nigerian Goods / CBN Pegs Dollar Rate For School Fees, PTA At N375/$ / Naira Extend Gains Against Dollar Across FX Markets (2) (3) (4)
Naira Gains Against Dollar To N375/$ by Truth234(m): 6:45am On May 19, 2017 |
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/ |
Re: Naira Gains Against Dollar To N375/$ by Nobody: 6:51am On May 19, 2017 |
We are making progress. 5 Likes 2 Shares |
Re: Naira Gains Against Dollar To N375/$ by Amoto94(m): 6:53am On May 19, 2017 |
Isn't this partly due to the global fall of the dollar due to uncertainty in Trump's administration? 11 Likes 2 Shares |
Re: Naira Gains Against Dollar To N375/$ by Truth234(m): 7:03am On May 19, 2017 |
Amoto94: No, that only affected free floated currencies and not tightly regulated currency like the Naira. 17 Likes |
Re: Naira Gains Against Dollar To N375/$ by Holyfield1(m): 7:27am On May 19, 2017 |
$1 to #1 or nothing 11 Likes |
Re: Naira Gains Against Dollar To N375/$ by Kjking(m): 7:27am On May 19, 2017 |
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 1 Like |
Re: Naira Gains Against Dollar To N375/$ by Rosheal(m): 7:27am On May 19, 2017 |
Good move |
Re: Naira Gains Against Dollar To N375/$ by dingbang(m): 7:28am On May 19, 2017 |
The naira rise and fall is now a national news... Mchew 11 Likes |
Re: Naira Gains Against Dollar To N375/$ by tillaman(m): 7:28am On May 19, 2017 |
Smh for dis nation, the naira rises and falls like a sickle cell anemia patient 4 Likes 3 Shares |
Re: Naira Gains Against Dollar To N375/$ by Millz404(m): 7:28am On May 19, 2017 |
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 17 Likes 1 Share |
Re: Naira Gains Against Dollar To N375/$ by niyifour(m): 7:28am On May 19, 2017 |
Twuale Osinbajo 1 Like |
Re: Naira Gains Against Dollar To N375/$ by tolexy123: 7:28am On May 19, 2017 |
Am not understanding Food stuff price never come down na... Nigerians sha 8 Likes |
Re: Naira Gains Against Dollar To N375/$ by simplemach(m): 7:29am On May 19, 2017 |
Good news Doller is gradually approaching #2 as promised us by the change ambassadors. Na joke oh! 2 Likes |
Re: Naira Gains Against Dollar To N375/$ by stevocracy88(m): 7:29am On May 19, 2017 |
So I can't change my 500 dollars now until it goes up again....issorite. it's just a matter if time 2 Likes |
Re: Naira Gains Against Dollar To N375/$ by Runaway: 7:29am On May 19, 2017 |
375 they raise? I beg make e come down to 150 or 100 then I go say e done dey raise. 5 Likes |
Re: Naira Gains Against Dollar To N375/$ by heenriiy19(m): 7:30am On May 19, 2017 |
Dis exchange rate just keeps fluctuating |
Re: Naira Gains Against Dollar To N375/$ by jerecrown(m): 7:30am On May 19, 2017 |
Just passing by |
Re: Naira Gains Against Dollar To N375/$ by chinawapz(m): 7:30am On May 19, 2017 |
How will this reduce the price of GARRI? |
Re: Naira Gains Against Dollar To N375/$ by beautycrush24(f): 7:30am On May 19, 2017 |
tolexy123: I tire o 1 Like |
Re: Naira Gains Against Dollar To N375/$ by nwafresh(m): 7:31am On May 19, 2017 |
2 Likes |
Re: Naira Gains Against Dollar To N375/$ by richeeyo(m): 7:32am On May 19, 2017 |
Looks like Buhari does not like the dollar Or the dollar does not like Buhari 1 Like |
Re: Naira Gains Against Dollar To N375/$ by Micah360(m): 7:32am On May 19, 2017 |
Re: Naira Gains Against Dollar To N375/$ by wykcool(m): 7:32am On May 19, 2017 |
Ok |
Re: Naira Gains Against Dollar To N375/$ by chinawapz(m): 7:32am On May 19, 2017 |
Kjking:Lol....you are frustrated right? |
Re: Naira Gains Against Dollar To N375/$ by twilliamx(m): 7:34am On May 19, 2017 |
good development 1 Like |
Re: Naira Gains Against Dollar To N375/$ by adecz: 7:35am On May 19, 2017 |
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. 4 Likes |
Re: Naira Gains Against Dollar To N375/$ by Djyucee1(m): 7:36am On May 19, 2017 |
Osibanjo is working, buhari should remain in London till 2023. 3 Likes |
Re: Naira Gains Against Dollar To N375/$ by Nobody: 7:36am On May 19, 2017 |
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 $1 2 Likes |
Re: Naira Gains Against Dollar To N375/$ by Abudu2000(m): 7:37am On May 19, 2017 |
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 1 Like |
Re: Naira Gains Against Dollar To N375/$ by Kjking(m): 7:37am On May 19, 2017 |
chinawapz:over |
Re: Naira Gains Against Dollar To N375/$ by Adebowale89(m): 7:38am On May 19, 2017 |
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! 1 Like |
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