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Nairaland Forum / Nairaland / General / Business / Naira Stays At 161.60 Against US Dollar (5712 Views)
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Naira Stays At 161.60 Against US Dollar by mukina2: 4:01pm On Jul 17, 2012 |
Nigeria’s naira firmed against the U.S dollar on the interbank market on Monday, supported by ample dollar sales by two energy companies to some lenders. http://www.channelstv.com/home/2012/07/16/naira-firms-to-161-6-against-us-dollar/?utm_source=&utm_medium=twitter |
Re: Naira Stays At 161.60 Against US Dollar by Okijajuju1(m): 4:07pm On Jul 17, 2012 |
Ok.. Shey Coke is still 50 Naira a bottle?! 6 Likes |
Re: Naira Stays At 161.60 Against US Dollar by ODB1: 4:44pm On Jul 17, 2012 |
[size=20pt]My sis and her entire family of 8 are in the U.S. now because of the summer hols. Buy dollars during the xmass period, sell during summer. gain at least 20%. works for me.[/size] |
Re: Naira Stays At 161.60 Against US Dollar by miteolu(m): 4:45pm On Jul 17, 2012 |
If Naira no stay mak am run 2 Likes |
Re: Naira Stays At 161.60 Against US Dollar by Pukkah: 4:46pm On Jul 17, 2012 |
The way to shore up the exchange rate of the naira is to develop local production capacity and tackle infrastructural challenges in Nigeria so as to reduce the demand for dollars. In addition, the governments at all levels need to diversify revenue from non-oil sources. |
Re: Naira Stays At 161.60 Against US Dollar by jennyb2: 4:46pm On Jul 17, 2012 |
o ye naira recieve wings and fly IJN! |
Re: Naira Stays At 161.60 Against US Dollar by tunapawizzy: 4:48pm On Jul 17, 2012 |
O.D.B.: oga abeg weytin u wan try achieve with this font size? u need prayers my brother |
Re: Naira Stays At 161.60 Against US Dollar by miracle4(m): 4:49pm On Jul 17, 2012 |
this is no good news all |
Re: Naira Stays At 161.60 Against US Dollar by Nobody: 4:50pm On Jul 17, 2012 |
This is an opportunity for brainers to go into export trades. |
Re: Naira Stays At 161.60 Against US Dollar by tunapawizzy: 4:50pm On Jul 17, 2012 |
Pukkah: The way to shore up the exchange rate of the naira is to develop local production capacity and tackle infrastructural challenges in Nigeria so as to reduce the demand for dollars. In addition, the governments at all levels need to diversify revenue from non-oil sources.ok sir/ma |
Re: Naira Stays At 161.60 Against US Dollar by miteolu(m): 4:51pm On Jul 17, 2012 |
miracle4: this is no good news all You be miracle. Act on your name & revive Naira |
Re: Naira Stays At 161.60 Against US Dollar by ebamma(m): 4:51pm On Jul 17, 2012 |
as if i care |
Re: Naira Stays At 161.60 Against US Dollar by NRIPRIEST(m): 4:52pm On Jul 17, 2012 |
Time for Omo Igbo to make money. |
Re: Naira Stays At 161.60 Against US Dollar by tonyx4x44(m): 4:53pm On Jul 17, 2012 |
Any time price of gala change inform me |
Re: Naira Stays At 161.60 Against US Dollar by badmrkt(m): 4:56pm On Jul 17, 2012 |
where aboki? mek hhhmm come change this dalla before e go be badmrkt for me |
Re: Naira Stays At 161.60 Against US Dollar by Nobody: 4:57pm On Jul 17, 2012 |
I think that is good news for me and others who earn the USD online,by the time its convertd to our local currency,i'l make a fortune |
Re: Naira Stays At 161.60 Against US Dollar by Tstark(m): 5:04pm On Jul 17, 2012 |
^^^^^^^^ Typical selfish Nigerian |
Re: Naira Stays At 161.60 Against US Dollar by slimming: 5:07pm On Jul 17, 2012 |
Good price for those who dollar |
Re: Naira Stays At 161.60 Against US Dollar by Pukkah: 5:09pm On Jul 17, 2012 |
binger: I think that is good news for me and others who earn the USD online,by the time its convertd to our local currency,i'l make a fortune Your position is not correct. How is the naira firming up against the dollar good news for Nigerians who earn dollars? 1 Like |
Re: Naira Stays At 161.60 Against US Dollar by Nobody: 5:12pm On Jul 17, 2012 |
binger: I think that is good news for me and others who earn the USD online,by the time its convertd to our local currency,i'l make a fortuneare u sure of what u are saying, i withdrew $100 from my forex account and my broker paid me 15,500 instead of 16,500. how does that favour me |
Re: Naira Stays At 161.60 Against US Dollar by Aybank: 5:36pm On Jul 17, 2012 |
jux passin by...... |
Re: Naira Stays At 161.60 Against US Dollar by souleymon(m): 6:08pm On Jul 17, 2012 |
The Dollar I bought today 17-07-2012 at International AIRPORT Lagos was at N164 Even the money pass 1k$ |
Re: Naira Stays At 161.60 Against US Dollar by chucky234(m): 6:17pm On Jul 17, 2012 |
This is no news, next |
Re: Naira Stays At 161.60 Against US Dollar by Nightshift(m): 6:23pm On Jul 17, 2012 |
How much is Naira to Euro in black market? |
Re: Naira Stays At 161.60 Against US Dollar by DammyFx: 7:20pm On Jul 17, 2012 |
approaching 200N per $ real soon |
Re: Naira Stays At 161.60 Against US Dollar by RoyalRoy(m): 7:23pm On Jul 17, 2012 |
And to think Mr Inspired was still quoting 165 to a dollar as CBN rate by 2pm today. Am dissapointed in him. |
Re: Naira Stays At 161.60 Against US Dollar by EyesWideOpen(m): 7:30pm On Jul 17, 2012 |
tonyx4x44: Any time price of gala change inform meGala is the single worse piece of Snack I've ever had. Wonder why anyone will like it, btw, 'one man's food ...' |
Re: Naira Stays At 161.60 Against US Dollar by alienware(m): 7:52pm On Jul 17, 2012 |
Pukkah:isn't that the fact ? If it was @ 120 by the time u earn 10 dat translate to abt 1,200 naira. @ 162 u earn 1,620 naira ! Check out na. |
Re: Naira Stays At 161.60 Against US Dollar by Pukkah: 8:03pm On Jul 17, 2012 |
alienware: isn't that the fact ? If it was @ 120 by the time u earn 10 dat translate to abt 1,200 naira. @ 162 u earn 1,620 naira ! Check out na. You're not getting it. When the naira firms up against the dollar, it means the naira is getting stronger (and not weaker). As reported by the poster, the naira closed at N161.60 against N162.10 as at Friday. This means that if you earned N16,210 from $100 last Friday, it is now N16,160 today from the same $100. Can you now see clearly the effect of the naira getting stronger on those who earn their income in dollars? |
Re: Naira Stays At 161.60 Against US Dollar by manny4life(m): 8:26pm On Jul 17, 2012 |
Pukkah: The way to shore up the exchange rate of the naira is to develop local production capacity and tackle infrastructural challenges in Nigeria so as to reduce the demand for dollars. In addition, the governments at all levels need to diversify revenue from non-oil sources. I endorse this message... binger: I don't know how much fortune you're making giving that the movement in % points isn't that significant. Besides, this is not good news for you, rather, bad news. The more Naira gets stronger, the more weaker the almighty $$$ becomes. |
Re: Naira Stays At 161.60 Against US Dollar by yinka2011: 3:08am On Jul 18, 2012 |
NAIRA CLOSED AT 160.29 against the US Dollar, stronger than what is mentioned here. and people if you want the latest Naira exchange rates live, hit the [size=18pt]EASYKOBO.COM finance website[/size], thats where i go for all my financial info. and about buying dollars now and selling december? why not invest the money in some stocks? |
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