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Nairaland Forum / Nairaland / General / Business / Naira Weakens Against Dollar - Vanguard (1056 Views)
External Reserves Hit Two-week Low As Naira Weakens / Naira Weakens To N458 Per Dollar At Parallel Market / Naira Weakens Against Dollar 357/ 1$ (2) (3) (4)
Naira Weakens Against Dollar - Vanguard by Beress(m): 7:41pm On Aug 15, 2016 |
The Naira on Monday depreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency lost N3 to exchange at N393, from N390 posted on Friday; while it traded at N505 and N435 against the Pound Sterling and the Euro respectively. At the Bureau De Change (BDC) segment of the market, the naira closed at N385, N505 and N420 against the dollar, Pound Sterling and the Euro, respectively. The naira appreciated at the official interbank market to close at N317.34, from N320.25 posted on Friday. Traders at the market said that the demand for the greenback was still on the high side. NAN reports that the market was eagerly awaiting the sale of forex by banks to BDCs during the week. http://www.vanguardngr.com/2016/08/naira-dips-dollar-2-2/ 1 Like
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Re: Naira Weakens Against Dollar - Vanguard by Beress(m): 7:43pm On Aug 15, 2016 |
Kikikiki.... I laugh in Swahali 2 Likes |
Re: Naira Weakens Against Dollar - Vanguard by LudaChriz(m): 7:44pm On Aug 15, 2016 |
The worst government ever liveth being piloted by the chief dullard himself 2 Likes |
Re: Naira Weakens Against Dollar - Vanguard by Lsofdk(m): 7:46pm On Aug 15, 2016 |
where are we headed for 1 Like |
Re: Naira Weakens Against Dollar - Vanguard by Proudlyngwa(m): 7:47pm On Aug 15, 2016 |
Most of our purchases outside fuel is from China, why we are still buying the dollar is a mystery to me. |
Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 7:49pm On Aug 15, 2016 |
I still can't believe it that some people were raining all sort of curses on GEJ when dollar was below N250. It will never be well with all those people, including the chief dullard and El Rufai 3 Likes |
Re: Naira Weakens Against Dollar - Vanguard by LudaChriz(m): 7:54pm On Aug 15, 2016 |
Lsofdk: Somalia 2 Likes |
Re: Naira Weakens Against Dollar - Vanguard by greatgod2012(f): 7:59pm On Aug 15, 2016 |
Nigeria is in ........ a. America. b. Asia. c. Africa. d. Trouble. Your final answer is......... 1 Like |
Re: Naira Weakens Against Dollar - Vanguard by Beress(m): 8:01pm On Aug 15, 2016 |
I think APC needs to publicly apologise to GEJ for the most uncivilized, callous and inhuman way they criticised against him while he was the President. What is happening now is no longer ordinary! 3 Likes |
Re: Naira Weakens Against Dollar - Vanguard by onespecial(m): 8:03pm On Aug 15, 2016 |
Wanna use this opportunity to tell my wasted neighbours that North has seen the hand writing on the wall and are preparing for the inevitable. There are presure here and there as there is no going back on Biafra. Northerners are getting themselves prepared, trying to see if they can find oil to rely on when the inevitable Biafra comes. Afonjas should keep mouthing against Biafra. 4 Likes 1 Share |
Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 8:03pm On Aug 15, 2016 |
Beress: I think there is wisdom in this! Meanwhile, every bad news about this evil govt gives me joy Oluwabusobomi.., what about you 2 Likes |
Re: Naira Weakens Against Dollar - Vanguard by greatgod2012(f): 8:06pm On Aug 15, 2016 |
Beress: But their pride will not allow them. This is a typical "what goes around comes around" 4 Likes |
Re: Naira Weakens Against Dollar - Vanguard by Nobody: 8:08pm On Aug 15, 2016 |
This happened after the VP met with his economics teacher So when Buhari meets his social studies teacher, the naira would touch N500 to a US Dollar. Useless government...I was warned, I did not hear. Lord forgive my sins against the former President and their supporters. But where is lalasticlala now, its almost over for N500 note. 4 Likes |
Re: Naira Weakens Against Dollar - Vanguard by Nobody: 8:11pm On Aug 15, 2016 |
Yes, the Naira will continue to weaken because Nigeria is still an import based country But imagine for a second that our country Export items just the way we import items, the middle class of Nigeria economy directly contributing to the countries foreign reserves through exports, the Naira stops falling because demand for dollar has reduced, our reserves will grow exponentially because we now consume locally made food, More people embrace entrepreneurship together with the injection of FDI to drive down the rate of unemployment, although i'm tempted to say it all begins with you and me but even i know thats a lie. Its starts with the government. Socialism is dead. Long live capitalism. 5 Likes |
Re: Naira Weakens Against Dollar - Vanguard by 12Monkeys: 8:12pm On Aug 15, 2016 |
Proudlyngwa: Is it now you are realizing this? Buhari was propped up by Washington to ensure we stick to the dollar. If he dares stray from the dollar then that is the end of his presidency, his life and the unity of Nigeria. Ask Jonathan why the US stopped buying our crude after he declared diversifying our foreign reserves from the dollar in preference for BRIC currencies. We warned una that this day will com but una no listen. 2 Likes |
Re: Naira Weakens Against Dollar - Vanguard by LudaChriz(m): 8:12pm On Aug 15, 2016 |
Beress: While GEJ was there, APC, through their e-thugs used every available opportunity to molest him, the NgeneUkwunes' on Nairaland registered thousands of monikers just to dehumanise GEJ. Now is the pay back time for them. Thunder blow all zombies and their dullard president 3 Likes |
Re: Naira Weakens Against Dollar - Vanguard by dunkem21(m): 8:13pm On Aug 15, 2016 |
Keneking: Welcome home, prodigal son.. Go and sin no more 1 Like |
Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 8:19pm On Aug 15, 2016 |
dunkem21: Meanwhile, here are NgeneUkwune, omenka, PassingShot at the moment... 3 Likes
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Re: Naira Weakens Against Dollar - Vanguard by 12Monkeys: 8:23pm On Aug 15, 2016 |
PPAngel: |
Re: Naira Weakens Against Dollar - Vanguard by omenka(m): 8:28pm On Aug 15, 2016 |
Oluwabusobomi:Wow!! This is such a wonderful comment. Your mom must really be proud of you. |
Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 9:13pm On Aug 15, 2016 |
omenka: 2 Likes
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Re: Naira Weakens Against Dollar - Vanguard by LudaChriz(m): 9:17pm On Aug 15, 2016 |
Lalasticlala pls do something |
Re: Naira Weakens Against Dollar - Vanguard by omenka(m): 10:04pm On Aug 15, 2016 |
Oluwabusobomi:You are too darn boring abeg. TonyeBarcanista might fancy someone like you. I'm taken. Very unavailable. Bye. |
Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 10:32pm On Aug 15, 2016 |
omenka: 2 Likes
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Re: Naira Weakens Against Dollar - Vanguard by TonyeBarcanista(m): 6:39am On Aug 16, 2016 |
omenka:Lol this guy but you are very much available na |
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