I just bought 100 dollars @ 300 Naira per dollar, now in Lagos...

It is the same everywhere?

Good news: Naira strengthens against US Dollar:

– Speculators disappointed as naira strengthens against dollar for third consecutive day

– IMF persuades President Buhari to remove foreign exchange ban

There is confusion in town over the exchange rate of the dollar to the Nigerian currency as Bureau De Change (BDC) operators are saying that it is now N305/dollar.

Naij.com gathered from a reliable source in the foreign exchange market that the Nigerian currency, up from its steady rise within 48hours, has risen steadily against the dollar in the wake of President Muhammadu Buhari’s insistence that he does not support the devaluation of the currency.

Speculators had been shocked by the consecutive rise on Tuesday, February 23, as they had predicted an all-time rise from the initial N400 (an all time low) to about 450/500 in the coming days.


Nigerian Naira.

There are further speculations that the amount, up from an initial N364 from Tuesday, is now at N305, while there are also unconfirmed reports that it may slip further before the end of the day.

Meanwhile, the International Monetary Fund (IMF) has persuaded President Buhari to adopt a sound petroleum industry bill (PIB) as well as expunge restrictions around foreign exchange policy.

While the PIB had been in the works since 2007, it has been dogged by political controversies as well as opposition to the fiscal terms by international oil companies.


US Dollars

The present administration has adopted a fixed forex policy that also does not include the allowance of 41 imported items, and this has been criticised from different quarters.

According to The Cable, a statement detailing IMF observations about the Nigerian economy after its visit in January, its senior resident representative to Nigeria, Gene Leon, said: “growth is projected to improve slightly to 3.2 per cent in 2016 but could rebound to 4.9 per cent in 2017.

“In the light of the significant macroeconomic adjustment that is needed to address the permanent terms-of-trade shock, it will be important for Nigeria to put in place an integrated package of policies centred around: fiscal discipline; reducing external imbalances; further improving efficiency of the banking sector; and fostering strong implementation of structural reforms that will enhance.

“The general government deficit is projected to widen somewhat before improving in 2017, while the external current account deficit is likely to remain flat at 2.3 percent of GDP. Growth in credit to the private sector is projected to recover from the slump in 2015, aiding the increase in activity.

“Key risks to the outlook include lower-than-budgeted oil prices, shortfalls in non-oil revenues, a further deterioration in finances of state and local governments, and a resurgence in security concerns.”


https://www.naij.com/741697-good-news-naira-strengthens-against-dollar-check-out-the-new-rate.html

Comments from the IPOB Youths are also welcomed!

NgeneUkwenu:
Comments from the IPOB Youths are also welcomed!

They would not show up.....
Sai Buhari
[url]Lawyard.ng[/url]

NgeneUkwenu:
Comments from the IPOB Youths are also welcomed!

Will your prick bend if you don't mention IPOB for one day?

Food don show

Are you sure you bought dollar or dullard?

N300! while they offered me N235 in Abuja. I sold it sha...

very pleased to hear but what most Nigerians are concerned with is the high inflation rate

NgeneUkwenu:
Comments from the IPOB Youths are also welcomed!

they are not interested in goodnews

The responsibility of everyone of us is to pray for Nigeria and if I may ask, how many of us are doing that? How many of us remember this country in our devotional prayers? Even the president considers this necessary yet we do more of online attacks than to pray for our country.

The BDC man that was interviewed at channels tv this morning finds it hard to mention how much dollar is as of today. Why? I think those guys r playing prank on us.

adaweezy:

They would not show up.....
Sai Buhari

let's assume de rumour is true. dollar is 305 and u re shouting sai baba?

adaweezy:

They would not show up.....
Sai Buhari

Cos they r the one hiding the dollar or what?

The truth is most of them just want PMB to devalue the naira so they can turn around and blame him for ruining the currency.
I am yet to see any of them telling us what we stand to gain by devaluing the naira with this our present scenario. They just want to say GEJ left the dollar for PMB at N199 and now PMB has killed it at NXXX. As if that will bring GEJ back

i bought @295 , 2 hrs ago in lagos.

If everybody pray for naira to b strong these 5 set of pple will be happy to see naira fallen everyday. 95% of them are happy because they are making massive profit this time. So they are only pretending. These pple are: 1-Beure De Change operators 2-The exporters 3- various Commercial banks 4-Nigerians in diasporal 5-onlinepreneurs.

lalasticlala dominque Can we?

majamajic:
i bought @295 , 2 hrs ago in lagos.

really? nice one then!

joyy:
If everybody pray for naira to b strong these 5 set of pple will be happy to see naira fallen everyday. 95% of them are happy because they are making massive profit this time. So they are only pretending. These pple are: 1-Beure De Change operators 2-The exporters 3- various Commercial banks 4-Nigerians in diasporal 5-onlinepreneurs.

I hate our commercial banks than devil because their exploitation is ridiculous

They were mere speculations, but from Intel from reliable source, PMB want us to be self sufficient by producing our made in Nigeria matchsticks, chewing sticks to shoe made in Aba and Ankara just to mention a few. Read up How China and Singapore got to where they are today.

if with corruption, 1 dollar was 180, and now without corruption, 1 dollar is 405. Ladies and Gentlemen, you all will agree with me that we need corruption in this country. #bringbackcorruption

NAIRA DOLLAR POUND EURO
(NGN) (USD) (GBP) (EUR)
BUY / SELL BUY / SELL BUY / SELL
24/02/16 280 / 290* eve 400 / 405* eve 342 / 350* eve
24/02/16 300 / 310* midday 440 / 445* midday 342 / 350* midday
24/02/16 300 / 310* morning 400 / 407* morning 315 / 320* morning
23/02/16 360 / 365 495 / 500 360 / 365
22/02/16 367 / 372 496 / 505 390 / 395
19/02/16 367 / 370 493 / 498 367 / 370

N250

*In IPOB voice*

I bought dollar at the rate of 385 naira.

The whole story of the naira appreciating is propaganda.

You can never find them (wailers/IPOB) on these kinda threads.

Shameless peeps.

Some said 230 NGN per USD

I dey wait make e reach #200 before I buy.

NgeneUkwenu:
I just bought 100 dollars @ 300 Naira per dollar, now in Lagos...

It is the same everywhere?

It's 250 in abia they cheated op

Good news, I hope it fall to 130 soon

N550....

Though am really affected by the news,but am happy that naira is gaining it's ground...my roommate send $ at N328 through La nacional on Monday,just today it's back to N260 and might be lower before d end of today