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Nairaland Forum / Nairaland / General / Business / Naira Appreciates At The Interbank Market (20622 Views)
Naira Finally Improves At The Interbank Rate / Naira Quoted At 253/$ As Interbank Market Opens / Naira Crashes To N285/$1 At Interbank Market (2) (3) (4)
Naira Appreciates At The Interbank Market by Truth234(m): 4:31am On Sep 20, 2016 |
The Nigerian Naira appreciated against the US dollar at the interbank market on Monday, as investors await the decision of the Monetary Policy Committee on the state of the economy. The currency improved by 0.5 percent to trade at N307.25 to the dollar, from N308.69 it exchanged on Friday. It, however, remains unchanged at the Bureau de Change segment, closing at N422 against the dollar, N549 to the pound and N470 against the Euro-single currency. Trading at the parallel market, the Naira stabilised at N425 against the dollar, a figure it has maintained for three days, while it exchanged against the Pound and Euro at N550 and N470 respectively. Currency traders hope that the MPC would reconsider its forex policy with a view to rescue the nation’s currency, while attacking unemployment by lowering borrowing cost to boost the manufacturing sector. “The central bank will have to expand its monetary policy and combine it with realistic fiscal policy to ease economic gridlock, while making non-oil sector priority,” said Samed Olukoya, a Foreign Exchange Research Analyst at Investors King Ltd. “Considering global oil glut, increasing oil production won’t help the nation recover from economic recession, but pushing through with diversification will help create jobs, fight importation and encourage youth participation, since they are the most unemployed going by NBS report,” he added. http://investorsking.com/naira-appreciates-at-the-interbank-market/ 1 Like 1 Share |
Re: Naira Appreciates At The Interbank Market by Nutase: 5:54am On Sep 20, 2016 |
Re: Naira Appreciates At The Interbank Market by Painfulife(m): 7:16am On Sep 20, 2016 |
Yeye. I was hoping to see #1=$1 30 Likes 3 Shares |
Re: Naira Appreciates At The Interbank Market by DonaldGenes(m): 7:16am On Sep 20, 2016 |
But why is Nigerian so much crazy about Foreign Currency at the expense of her Local Naira? Must we continue to live like this? Why can't we make $ the official currency if these people can't live without $ Anyway sha, let me go office make I no vex for all these Bureau de change people 9 Likes 2 Shares
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Re: Naira Appreciates At The Interbank Market by justi4jesu(f): 7:16am On Sep 20, 2016 |
Re: Naira Appreciates At The Interbank Market by Harmored(m): 7:17am On Sep 20, 2016 |
make the naira smile back oo 6 Likes
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Re: Naira Appreciates At The Interbank Market by nony43(m): 7:17am On Sep 20, 2016 |
Please Vuhari, leave the $ the same way you met it @197 we dont need your 1 naira =1 $ again, just kindly take us back to where we were, people de fear to do wedding because of prices of food stuff, just take us back biko, ejor, mbok 19 Likes 2 Shares |
Re: Naira Appreciates At The Interbank Market by ceeethru(m): 7:17am On Sep 20, 2016 |
Na really die we dey for this country... 1 Like |
Re: Naira Appreciates At The Interbank Market by DIFY20(f): 7:17am On Sep 20, 2016 |
D 1 Like |
Re: Naira Appreciates At The Interbank Market by elitez(m): 7:17am On Sep 20, 2016 |
Cool 1 Like |
Re: Naira Appreciates At The Interbank Market by Taryur3(m): 7:18am On Sep 20, 2016 |
Is #216 to $1 OK? Vote APC for change...the change turned out to be #422 to $1...na Osinbajo matter pain me pas as a Pastor that can't keep to a common promise.he forgot so soon that there is God. 17 Likes 2 Shares |
Re: Naira Appreciates At The Interbank Market by justicejay(m): 7:18am On Sep 20, 2016 |
You call that 'appreciate'? 3 Likes |
Re: Naira Appreciates At The Interbank Market by Nobody: 7:18am On Sep 20, 2016 |
This is not a rocket science. Retrieve $1 Billion from Atiku Abubakar Retrieve $1 Billion from Olusegun Obasanjo Retrieve $1 Billion from IBB Retrieve $1 Billion from TY Danjuma Retrieve $1 Billion from Bola Tinubu Retrieve $1 Billion from Ebele Jonathan Retrieve $1 Billion from Tony Anenih Retrieve $1 Billion from Bode George Retrieve $1 Billion from Oji Uzor Kalu Retrieve $1 Billion from Godswill Akpabio Retrieve $1 Billion from Peter Odili Retrieve $1 Billion from Rotimi Amaechi Retrieve $1 Billion from Ngozi Okonjo Iweala Retrieve $1 Billion from Sanusi Lamido Sanusi Retrieve $1 Billion from Ayim Pius Ayim Retrieve $1 Billion from Audu Ogbeh Until you send the EFCC after these unrepentant thieves, your tainted & selective anti-corruption campaign won't bail our Kangaroo Democracy from our present economic quagmire. 26 Likes 3 Shares |
Re: Naira Appreciates At The Interbank Market by encryptjay(m): 7:19am On Sep 20, 2016 |
Naira been playing hide and seek 2 Likes |
Re: Naira Appreciates At The Interbank Market by mercyviv(f): 7:19am On Sep 20, 2016 |
How does that help a foreign exporter? 1 Like |
Re: Naira Appreciates At The Interbank Market by kaen1317: 7:19am On Sep 20, 2016 |
Fake news. It will appreciate by 10 points today for instance and drop 30 points tomorrow. Change in the air 5 Likes |
Re: Naira Appreciates At The Interbank Market by Famsey: 7:20am On Sep 20, 2016 |
If I talk wetin dey my mind for all dis Hausa wey dey change money ehn! 1 Like |
Re: Naira Appreciates At The Interbank Market by sankky: 7:20am On Sep 20, 2016 |
Gained 5kobo today and loses N20 tomorrow. Who e epp sef ? 5 Likes |
Re: Naira Appreciates At The Interbank Market by tamertery(m): 7:20am On Sep 20, 2016 |
we dead meat... we ol living dead.... e b like say na our children go enjoy dis change wen it strts to manifest..... hmmmmm 3 Likes |
Re: Naira Appreciates At The Interbank Market by olumaxi(m): 7:20am On Sep 20, 2016 |
Ok,mr naira! I command u to appreciate in my gtb account today in Jesus name 1 Like |
Re: Naira Appreciates At The Interbank Market by Kaybee14(m): 7:21am On Sep 20, 2016 |
I do hope the naira will continue to appreciate because the trend at which the naira is depreciating is enough. 2 Likes |
Re: Naira Appreciates At The Interbank Market by kayttah(m): 7:21am On Sep 20, 2016 |
Re: Naira Appreciates At The Interbank Market by 4nobody4every1: 7:21am On Sep 20, 2016 |
2 Likes
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Re: Naira Appreciates At The Interbank Market by Obago1000: 7:22am On Sep 20, 2016 |
Who and who dey see interbank $? Na bureau de change at 422 una suppose dey tell us 4 Likes |
Re: Naira Appreciates At The Interbank Market by vinjustice(m): 7:22am On Sep 20, 2016 |
booked |
Re: Naira Appreciates At The Interbank Market by phoenix90(m): 7:22am On Sep 20, 2016 |
Who e epp. I thought it was a major leap. Mtcheeew stirs my ogi. 1 Like |
Re: Naira Appreciates At The Interbank Market by MARKone(m): 7:22am On Sep 20, 2016 |
0.5% improvement If e wan depreciate, it will by 100%. 2 Likes |
Re: Naira Appreciates At The Interbank Market by Exponental(m): 7:23am On Sep 20, 2016 |
N1.44k.... Appreciate indeed! 1 Like |
Re: Naira Appreciates At The Interbank Market by Thisis2raw(m): 7:23am On Sep 20, 2016 |
Thank God oo, about that time 1 Like |
Re: Naira Appreciates At The Interbank Market by Pavore9: 7:24am On Sep 20, 2016 |
Hmm....we are so fixated on foreign exchange! 1 Like |
Re: Naira Appreciates At The Interbank Market by dunkem21(m): 7:24am On Sep 20, 2016 |
Good news at last 1 Like |
Re: Naira Appreciates At The Interbank Market by FinestPINACLE(f): 7:25am On Sep 20, 2016 |
okay! now Watz d difference between 307 it appreciated to n 308 it was sold before 2 Likes |
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