How Much Did You Exchange The Dollar For Today? - Business (62) - Nairaland
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| Re: How Much Did You Exchange The Dollar For Today? by modath(f): 5:52am On Aug 25, 2011 |
@All, I used d Gt mastercard in both birmingham & london to draw GBP virtually on a daily basis during my 10 day stay between 5th & 14th of this month and without fail it dispenses within some few seconds. The only drawback is that it gives just 100k{including the 1O00 naira charge}at every cash transaction. |
| Re: How Much Did You Exchange The Dollar For Today? by Fhemmmy: 1:39pm On Aug 25, 2011 |
That is a welcome news . . . .Hope this will reflect on the street as well, cos once Nigerians are used to something, for them to change it back is tough |
| Re: How Much Did You Exchange The Dollar For Today? by Fhemmmy: 1:41pm On Aug 25, 2011 |
modath: That is a good news, and it means you load the card with Naira in Nigeria and you collect the currency of the nation you are in when you need it. Please would it be possible to increase the daily limit? |
| Re: How Much Did You Exchange The Dollar For Today? by BOMANY: 3:25pm On Aug 25, 2011 |
Fhemmmy: Unfortunately I dont think so, I believe it is limited by the administration of Master card itself, like international limit. I asked my brother and he told me the same |
| Re: How Much Did You Exchange The Dollar For Today? by BOMANY: 3:28pm On Aug 25, 2011 |
modath: Thanks for the info. The good thing about this forum is the people themselves who are willing to add to your experince without falling in the same mistakes and getting the advantages that might be hidden from you. Thanks. God bless you all |
| Re: How Much Did You Exchange The Dollar For Today? by BOMANY: 7:37pm On Aug 25, 2011 |
[size=16pt]Naira set to rise against the U.S. dollar [/size] THURSDAY, 25 AUGUST 2011 15:57 REUTERS The naira is seen appreciating against the U.S. dollar next week as traders anticipate increased dollar inflows from energy companies and a sustaied supply of the greenback to exchange bureaus by the central bank. Nigeria's central bank sold $10 million to each bank operating a bureau de change at the bi-weekly auction on Wednesday. The move initially cut back demand on the interbank market and, combined with inflows from two energy firms, the local currency strengthened marginally at the interbank. The naira was trading at 154.95 to the dollar on the interbank market on Thursday, weaker than the 154.30 at Wednesday's close as supply failed to meet demand at the official window then. "Demand for the dollar remains strong as a result of unmet demand at the official window on Wednesday that has channelled to the interbank," one trader said. The central bank sold $400 million at 152.10 to the dollar at its bi-weekly foreign exchange window on Wednesday, short of the $558.38 million demanded. "We anticipate an increase in dollar inflows next week from the usual month-end sales cycle by energy majors and this should provide needed support for the naira," another trader said.Many of the energy companies operating in Africa's top crude exporter sell dollars monthly to lenders to obtain naira for their domestic operations. Dealers said they are expecting the central bank to sustain the supply of dollars to the bureaux de change window in the coming week to help close the gap between the exchange rate at the official window and other segments of the market. |
| Re: How Much Did You Exchange The Dollar For Today? by BOMANY: 8:33pm On Aug 25, 2011 |
 I heard from my friend in Abuja that it is 167 today,  is that true, I hope not  |
| Re: How Much Did You Exchange The Dollar For Today? by Nobody: 8:38pm On Aug 25, 2011 |
162 naira to $1 today. |
| Re: How Much Did You Exchange The Dollar For Today? by BOMANY: 11:42pm On Aug 25, 2011 |
payless: Thanks for the info,  and Thank God that my info is not correct  |
| Re: How Much Did You Exchange The Dollar For Today? by Fhemmmy: 1:58am On Aug 26, 2011 |
Finally . . . . God, thanks |
| Re: How Much Did You Exchange The Dollar For Today? by Nobody: 5:00pm On Aug 26, 2011 |
It is now 157 naira to $1. It is going to be a lot better next week. |
| Re: How Much Did You Exchange The Dollar For Today? by Jsteed: 5:15pm On Aug 26, 2011 |
Thank God, is coming down, hope it will continue to come down |
| Re: How Much Did You Exchange The Dollar For Today? by Fhemmmy: 5:17pm On Aug 26, 2011 |
payless: Are you sure of this? Great news |
| Re: How Much Did You Exchange The Dollar For Today? by Nobody: 5:40pm On Aug 26, 2011 |
Mr. Fhemmmy, you know I wouldn't deceive anyone about exchange rate or anything. I have lost so much money in the last two months due to this 166-168 naira to $1. I need to buy couple of thousands of $ and I will wait till next week. My bureau-de-change guy told me to even wait till next week and get a good deal on exchange. Sanusi (CBN) now allows them to buy at least $10,000,000 instead of $1,000,000 per day. The bureau-de-change guy told me 150 naira to a $1 by end of next week. |
| Re: How Much Did You Exchange The Dollar For Today? by showskill(m): 6:23pm On Aug 26, 2011 |
payless: Fully happy at last. Is it only the greenback? You got useful information on the Pound and Euro? |
| Re: How Much Did You Exchange The Dollar For Today? by Nobody: 6:47pm On Aug 26, 2011 |
@showskill I have info on $ alone. I don't know anything about the pound-sterling. Sorry! |
| Re: How Much Did You Exchange The Dollar For Today? by BOMANY: 7:40pm On Aug 26, 2011 |
payless: Pls we need confirmation from any one bought or sold today. payless: I am nt doubting Payless, but still he didnt buy or sell, besides It is too good to me to believe  payless: This is unlikely to happen. CBN price is around 152s, so how it will come under the CBN official target. It doesnt mean that I will refuse it to happen, in fact I will scream joyfully |
| Re: How Much Did You Exchange The Dollar For Today? by Nobody: 8:10pm On Aug 26, 2011 |
@BOMANY The dollar is on free fall to naira since yesterday. Just go out there and find out. I have been dealing with two different bureau-de-change for several years and they both told me the same thing. It is now 157 naira to $1. It was 162 naira to $1 yesterday. If you need some, I will connect you to him. I am waiting to see how the whole dollar free fall will go before I buy early next week. |
| Re: How Much Did You Exchange The Dollar For Today? by Jsteed: 8:14pm On Aug 26, 2011 |
@payless please let me have the contact of this bureau de change, I have been waiting for this downward fall thanks |
| Re: How Much Did You Exchange The Dollar For Today? by BOMANY: 8:23pm On Aug 26, 2011 |
payless: Then HHHHHHHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY  Jsteed: PLIZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ |
| Re: How Much Did You Exchange The Dollar For Today? by Nobody: 8:28pm On Aug 26, 2011 |
Call Ibrahim at 08082026767. Tell him from Tunde. He will tell you when to come to the bank and meet him for transaction. |
| Re: How Much Did You Exchange The Dollar For Today? by Jsteed: 8:30pm On Aug 26, 2011 |
thanks |
| Re: How Much Did You Exchange The Dollar For Today? by Nobody: 8:36pm On Aug 26, 2011 |
Pls, get back to me when you confirm from Ibrahim. Call him now and arrange with him. When you confirm, just put what you found here. This thing is falling very fast. Suprised indeed! |
| Re: How Much Did You Exchange The Dollar For Today? by Jsteed: 9:00pm On Aug 26, 2011 |
@payles I just called the Ibrahim and he said N157 to $ and possible will come down more on monday |
| Re: How Much Did You Exchange The Dollar For Today? by Jsteed: 9:02pm On Aug 26, 2011 |
Actually he first said N167, only to change it to 157 after I probe further |
| Re: How Much Did You Exchange The Dollar For Today? by BOMANY: 9:17pm On Aug 26, 2011 |
payless: Thanx Jsteed: That is funny |
| Re: How Much Did You Exchange The Dollar For Today? by Nobody: 9:45pm On Aug 26, 2011 |
Now you have it. I will take the risk and wait till tuesday or wednesday before I do the exchange. Hopefuly, I will get it around 152 naira by middle of next week. |
| Re: How Much Did You Exchange The Dollar For Today? by Jsteed: 9:47pm On Aug 26, 2011 |
me too |
| Re: How Much Did You Exchange The Dollar For Today? by Fhemmmy: 11:55pm On Aug 26, 2011 |
Sanity is finally returning to Nigeria . . . . Remember what they said, what a man could do, A woman could do better . . . . . .LOl |
| Re: How Much Did You Exchange The Dollar For Today? by zhukafa(m): 7:20am On Aug 27, 2011 |
@payless, at 150naira to $1 would surely be a good buy. The price is really coming down, am waiting by the end of next week for it to actualize. |
| Re: How Much Did You Exchange The Dollar For Today? by zhukafa(m): 7:21am On Aug 27, 2011 |
@payless, at 150naira to $1 would surely be a good buy. The price is really coming down, am waiting by the end of next week for it to actualize. |
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