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Nairaland Forum / Nairaland / General / Business / Naira Gains As CBN Injects $210m Into FX Market (10378 Views)
Naira Climbs To N360.55/$ As CBN Injects $210 Million / CBN Injects Fresh $210m In Forex Market / CBN Injects $14.2bn Into FX Market In9 Months (2) (3) (4)
Naira Gains As CBN Injects $210m Into FX Market by Mrakeli: 2:46am On Jun 21, 2018 |
The naira appreciated to N359.5 to a dollar on the parallel market yesterday, compared with the N360 to a dollar it closed on Tuesday. Also, on the Investors’ and Exporters’ (I&E) window, the nation’s currency strengthened to N361.06 to the dollar, as against the N361.18 to the dollar it closed the previous day. On the Bureau De Change (BDC) segment, the naira closed at N360 to a dollar yesterday. This is just as the Central Bank of Nigeria (CBN), once more, made available the sum of $210 million, to meet customers’ requests in various segments of the foreign exchange market. In its desire to meet customers’ needs in the various segments of the market, the CBN offered $100 million to authorised dealers in the wholesale segment of the market, while the small and medium scale enterprises (SMEs) segment got boosted with the sum of $55 million. According to figures made available by the bank yesterday, customers needing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55 million. The CBN had last Thursday intervened to the tune of $343.06 million to cater for requests in the retail segment of the forex market. http://www.akelicious.net/2018/06/naira-gains-as-cbn-injects-210m-into-fx.html 3 Likes
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Re: Naira Gains As CBN Injects $210m Into FX Market by dokyOloye: 2:52am On Jun 21, 2018 |
Why all these voodoo economics by Osama Buhari? Someone should pls tell me what will happen when we no longer have dollars to 'inject' I need response from trained economists, not pay per post BMCs. 10 Likes |
Re: Naira Gains As CBN Injects $210m Into FX Market by sarrki(m): 2:57am On Jun 21, 2018 |
This kind of news is not what is welcome on this platform The most likely one that is welcome is where Pmb was bastardized The good thing is most of Pmb supporters are not internet trollers There internet is there pvc 7 Likes |
Re: Naira Gains As CBN Injects $210m Into FX Market by dokyOloye: 3:08am On Jun 21, 2018 |
sarrki:There is a difference b/w 'there' and 'their'!!!! Don't they teach you ppl basic English in Oshogbo 17 Likes |
Re: Naira Gains As CBN Injects $210m Into FX Market by falcon01: 4:58am On Jun 21, 2018 |
dokyOloye:grammar officer 5 Likes |
Re: Naira Gains As CBN Injects $210m Into FX Market by nwoke37: 5:00am On Jun 21, 2018 |
I remember asking my father if Nigeria got its independence too early... He told me Nigeria would have been worse if we got independence later... He mentioned how the politicians are more corrupt now than during the time of Nigeria's independence wherein those leaders worked together for Nigeria's development/independence... He also mentioned that the current politicians we have now are even willing to sell Nigeria if they have the chance... He kept on repeating that there is no hope for Nigeria.. I later mused over my father's words... I realized our politicians have in fact been selling Nigeria bit by bit... Because of corruption, we have poor power supply, substandard roads, un- regular water supply, poor education facilities, poor health facilities, etc.. Without those facilities you can't attract jobs(both domestic and foreign)... so we have high rates of poverty... And because of high rates of poverty we have high rates of insecurity... What I know is that once oil ceases to become a major thing in our world, Nigeria would cease to exist as a nation, if corruption isn't massively tackled.. I hope one day Nigeria proves my father wrong, that there's hope for Nigeria 15 Likes |
Re: Naira Gains As CBN Injects $210m Into FX Market by anibirelawal(m): 5:09am On Jun 21, 2018 |
Nigeria forex is gaining momentum bit by bit, day by day. i hope it will continue positvely like this. 1 Like |
Re: Naira Gains As CBN Injects $210m Into FX Market by lastempero: 7:05am On Jun 21, 2018 |
That one na gain, what stops it from gaining at least #100? 4 Likes |
Re: Naira Gains As CBN Injects $210m Into FX Market by TalkTalkTwins(m): 7:06am On Jun 21, 2018 |
Take us back to 14 Likes 2 Shares |
Re: Naira Gains As CBN Injects $210m Into FX Market by rentAcock(m): 7:07am On Jun 21, 2018 |
heil buhari, the saviour who will take Nigeria out of recession, our greatest president of all time. From N360 to N359.5, that's exactly 50kobo or 0.0014% Jajajaja I laugh in spanish Just wait until the summer month is over, oil prices will fall, what then will happen to our currency? 11 Likes 1 Share |
Re: Naira Gains As CBN Injects $210m Into FX Market by Alejoc(m): 7:07am On Jun 21, 2018 |
The real name of this market should be the more you look, the less you see! 1 Like |
Re: Naira Gains As CBN Injects $210m Into FX Market by oka4ugoo: 7:07am On Jun 21, 2018 |
Ndi Guinness just rendered my shares worthless. Bought at #125 per unit of share now values at #97. My village people!!! 2 Likes |
Re: Naira Gains As CBN Injects $210m Into FX Market by dadavivo: 7:08am On Jun 21, 2018 |
After injecting, the naira to dollars is still $367 1 Like 1 Share |
Re: Naira Gains As CBN Injects $210m Into FX Market by fasho01(m): 7:08am On Jun 21, 2018 |
By 50koko Issokay! |
Re: Naira Gains As CBN Injects $210m Into FX Market by zinaunreal(m): 7:09am On Jun 21, 2018 |
Everytime naira gains naira gains. Rubbish kobo gain. |
Re: Naira Gains As CBN Injects $210m Into FX Market by israelmao(m): 7:11am On Jun 21, 2018 |
Keep injecting like doctors that is why Nigerian doctors are moving to UK because CBN has taken over their job. 5 Likes |
Re: Naira Gains As CBN Injects $210m Into FX Market by Billygene: 7:11am On Jun 21, 2018 |
Mrakeli: $210mn was injected and that's a good news |
Re: Naira Gains As CBN Injects $210m Into FX Market by HAH: 7:11am On Jun 21, 2018 |
The naira is still undervalued, with current reserve of about $50b naira should trade around 250 at most, but the problem is the political will to do that, the least this government can do is to converge all rates at the same place, but a situation where some people get dollar at 305 while some get at 357 is rigged to favour some privileged few Imagine the effect on cost of life if the dollar will be like 250 but as i said the political will may be lacking 6 Likes |
Re: Naira Gains As CBN Injects $210m Into FX Market by Irohjohnpaulc(m): 7:13am On Jun 21, 2018 |
Still seating here waiting patiently till wen 1$ will be equals to 1naira as promised by our Mr integrity 2 Likes
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Re: Naira Gains As CBN Injects $210m Into FX Market by Inspire06: 7:15am On Jun 21, 2018 |
Nairalanders goodday. Pls am a graduate new in Lagos. Pls am looking for a job to work and provide for myself. I need to work and put food on my table. I believe someone in this forum can me me helper in Lagos. |
Re: Naira Gains As CBN Injects $210m Into FX Market by bashir1451(m): 7:17am On Jun 21, 2018 |
Irohjohnpaulc: Same here! A good step tho. |
Re: Naira Gains As CBN Injects $210m Into FX Market by Nobody: 7:26am On Jun 21, 2018 |
Re: Naira Gains As CBN Injects $210m Into FX Market by colbankz(m): 7:31am On Jun 21, 2018 |
For how long dem go kontinue wf dz dia Plan |
Re: Naira Gains As CBN Injects $210m Into FX Market by Fitnessman(m): 7:31am On Jun 21, 2018 |
Hmm
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Re: Naira Gains As CBN Injects $210m Into FX Market by 7Prophets(m): 7:33am On Jun 21, 2018 |
sarrki:illiterate |
Re: Naira Gains As CBN Injects $210m Into FX Market by Donjcco(m): 7:34am On Jun 21, 2018 |
Nvf |
Re: Naira Gains As CBN Injects $210m Into FX Market by sexyanyabubakar(f): 7:35am On Jun 21, 2018 |
dokyOloye:Receive this social benefit from Abacha Loot strictly for Unemployed Lazy yoots only
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Re: Naira Gains As CBN Injects $210m Into FX Market by Donjcco(m): 7:37am On Jun 21, 2018 |
Mrakeli: What is the excess of all this injections when it does not have any impact on the masses...? |
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