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Naira Gains As CBN Clearing Rate Weakens Against Dollar - Business - Nairaland

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Naira Extends Gains As Dollar Glut Hits Market / Naira Gains as Nigeria’s Central Bank Boosts Dollar Supplies - Bloomberg / Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 (2) (3) (4)

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Naira Gains As CBN Clearing Rate Weakens Against Dollar by Obinoscopy(m): 1:18pm On Jun 17, 2015
The nation’s currency, the naira, on Tuesday, strengthened against the US dollar by N0.96k or 0.48 percent at the inter-bank foreign exchange market after the Central Bank of Nigeria (CBN) again adjusted its clearing rate to N196.60k.

With the adjustment on Tuesday, the clearing rate weakened against the greenback by N6.90k or 3.63 percent depreciation.

Consequently, after trading on Tuesday, the local currency closed at N197.33k/$ as against N198.29k/$ the previous day, data from Financial Markets Dealers Quotations (FMDQ) indicated.

The clearing rate, which is the official exchange rate, was on Monday adjusted by the CBN to N190.00k/$, while naira gained over the US dollar by N0.55k or 0.28 percent at the inter-bank foreign exchange market.
http://businessdayonline.com/2015/06/naira-gains-as-cbn-clearing-rate-weakens-against-dollar/#.VYFkUOtwZoM

1 Like 1 Share

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by alberto2k(m): 1:20pm On Jun 17, 2015

Baba. . . we are still waiting for u to make Naira Equal to the Dollar angry

104 Likes 6 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by kellynoah: 1:26pm On Jun 17, 2015
when there is a depression in naira its jumps in hundred of naira to a dollar but when its the opposite its in kobo. which kind kwashiorkor spirit be dis?

119 Likes 3 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Nobody: 1:26pm On Jun 17, 2015
kk

1 Like

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by xmileeasy: 1:26pm On Jun 17, 2015
The Naira should continue to garner strength against the dollar

8 Likes 2 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by CR77(f): 1:26pm On Jun 17, 2015
cheesy

61 Likes 7 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Koroaso: 1:27pm On Jun 17, 2015
********SLOW DOES IT******

1 Like 1 Share

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by shedrack222: 1:27pm On Jun 17, 2015
Still waiting for when one naira will equal one dollar

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1 Like 1 Share

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Emekamex(m): 1:27pm On Jun 17, 2015
.

34 Likes 1 Share

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by sexylogan(m): 1:28pm On Jun 17, 2015
cool

15 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Drsheddy(m): 1:28pm On Jun 17, 2015
K
Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Nobody: 1:28pm On Jun 17, 2015
Sai baba

That's great slow and steady wins the race

5 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by millionboi(m): 1:28pm On Jun 17, 2015
Wit time

1 Like

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Nobody: 1:28pm On Jun 17, 2015
Still...if we want more appreciation....Nigeria must get off oil.

If we want N1=$1......we must fix the light, fix the rail and make sure that we get on a program of industrial development.

We can no longer rely on sale of oil. Oil prices are falling by the day. Everyone is now producing oil. And selling groundnuts and cocoa and cassava too will not save us.

Nigeria needs to industrialize.And if APC won't give us industries....out they go in 2019.

Oil is a curse.

28 Likes 2 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Setaje(f): 1:28pm On Jun 17, 2015
Abeg let naira be 250 to a dollar angry

4 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by walemadu: 1:28pm On Jun 17, 2015
stories
Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by sosanova: 1:28pm On Jun 17, 2015
what kind of gain be dat, i was expecting like 30 Naira gain not 90kobo gain, let naira gain at least 20 Naira, so we dem boyz can resume. our importation business

6 Likes 1 Share

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Burger01(m): 1:29pm On Jun 17, 2015
Gradually we shall get there.. smiley

Haters keep hating smiley

6 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by dimexilux(m): 1:29pm On Jun 17, 2015
Noted
Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by YerYer: 1:29pm On Jun 17, 2015
Is it just me, or is Nairaland's clock 2 minutes ahead?? Somehow some people will credit this development to Prez Buhari. Pls stop the hype and let the man do his job, thank you.

5 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Maxiyke: 1:29pm On Jun 17, 2015
Baba go soon make the dollar equal to the Naira.
Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by ultrazone(m): 1:29pm On Jun 17, 2015
mm

1 Like

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by alberto2k(m): 1:29pm On Jun 17, 2015
richidinho:
v
for Viju grin
Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by efilefun(m): 1:29pm On Jun 17, 2015
Baba is working Naira is rising TANoids are vexing grin

3 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Rilwayne001: 1:30pm On Jun 17, 2015
cool Very good development
Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by ademusiwa3: 1:31pm On Jun 17, 2015
tongue
Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by johnstar(m): 1:31pm On Jun 17, 2015
Kk
Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Shehucom(m): 1:31pm On Jun 17, 2015
We are getting there. Slow, steady and consistent. Baba continue the good word... Dullards gonna hate for sure

1 Like

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by UnknownT: 1:31pm On Jun 17, 2015
Naira is behaving like GPA in school. E dey hard to rise, to fall e go fall like humpty dumpty embarassed wink

17 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by TomjoTM(m): 1:31pm On Jun 17, 2015
Everything seems to be falling in place under this General, it might take a little while but it gets better with time.

1 Like

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