Oyetunji Abioye with agency report


The naira may ease against the United States dollar next week at the Central Bank of Nigeria’ s Investors and Exporters Foreign Exchange Window due to increased demand as companies seek to repatriate dividends after the end of the earnings season, coupled with portfolio investors taking profits.

Forex traders said the naira eased to 361 on Friday at the I&E window, from the 360 levels it had maintained for over six months, as some forward currency contracts matured amid tight dollar liquidity.

On the official market, the naira was quoted at 305.70, supported by the CBN’ s regular intervention. One lender traded the currency at 314.50/dollar on Thursday, according to Reuters.

The local unit closed at 362/ dollar at the parallel market on Friday, the same level it has closed since Monday.

The CBN had on Wednesday injected the sum of $210m into the inter-bank foreign exchange market in continuation of its efforts to sustain liquidity in the market.

The apex bank offered the sum of $100m to authorised dealers in the wholesale segment of the market. The Small and Medium-scale Enterprises segment received the sum of $55m, while the sum of $55m was apportioned to invisibles such as tuition fees, medical payments and Basic Travel Allowance.

The CBN Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, confirmed the figures and reiterated the bank’ s capacity to continue to sustain the foreign exchange intervention. Okorafor urged Deposit Money Banks to continue to honour requests from customers with genuine needs, noting that the bank would continue to sustain liquidity in the foreign exchange market.



www.punchng.com/naira-may-drop-on-profit-taking-increased-demand/

Make una do something about our 100 naira notes
From that 100 naira note u go know say our economy bad

Oga I am not understanding, is it that dollar will finally drop to 1naira per dollar as promised by PMB led government before been voted for, or it will drop to 358.5naira per dollar?

More money in the bank

[img]https://media1./images/fadd6e8f4e203d60e45e2bb56b83c7bb/tenor.gif[/img]

naira got no value before nw

Naira! The ever useless currency apart from Zimbabwe dollars courtesy of Buharinomics

Can we even hear something good from this government one day?

Good news for exporters,bad news for importers.that's life for you,one man's fall is another's rise..

Buhari has finally succeeded in making 1naira equal 1dollar

Drop or whatever...we just need to have money in our accounts and pockets.

sowore 2019.

CriticMaestro:
Make una do something about our 100 naira notes
From that 100 naira note u go know say our economy bad

that � note sef..,.. I taya ooo

Cheers

upon the foreign reserve reaching almost 50billion...


naira is still weak...God punish that daura misfit

$1=N1

Make election campaign start proper, then we will know the true value of naira against the dollar. Not all these padding CBN has been doing.

Drop!. Here comes the Chanji!. Lols.

Im just waking up from sleep and one naira was equal to one dollar for my dream, walahi if i dey lie ask buhari

Ekoishome:
Anyone travelling and needs dollar bills old series please contact me. At 320/$. I have 1500$ to sell, Zero Seven Zero Nine Four Five Seven Six Two Eight.
Cheers

Your phone number no complete na.

Ok

easterners are not good business people....naira keeps dropping although igbos are mainly in charge.....

make you easterners dont even try it....!!

who is in charge of cbn right now....?...tell me hausa fulanis and i will dance a rain dance that thunda may strike una....!!...

igbos are not good in financial stuff.....

the naira keeps dropping and dropping....and they were mostly in charge since 1960....!!.....why...?!!!!!....

igbos are very bad in money stuff...they may know how to get it,but they dont know how to manage it.....

am just saying what i noticed.....

dare me....!!!!....

am somebody that dealt in forex,derivatives,options,put,call and stuff....i nearly went crazy....

and i can say openly igbos dont understand finance.....

justtoodark:
easterners are not good business people....naira keeps dropping although igbos are mainly in charge.....

this guy is a very big fool

fowlyansh181:
this guy is a very big fool

tell me am wrong and will start dancing....

who is in charge right now in cbn....??...which tribe is he from...??

dont even dare.....

am didnt said he is doing a bad job...not a tall.....

am just saying igbos dont understand trade wars.....

finance was always a war....!!!!

they dont understand finance......!!!!...simple....

i can even break down the word finance to you in a simple language.......war...!!!!!!!