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Naira Gains On Liquidity Boost - Business - Nairaland

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Naira Gains On Better Than Expected Economic Growth / Naira Gains On Fresh Dollar Supply, Now 390/dollar / Naira Gains On Parallel Market For Four Consecutive Days, Now N480/$ (2) (3) (4)

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Naira Gains On Liquidity Boost by Truth234(m): 4:17am On Oct 28, 2016
The Nigerian Naira gained against the US dollar on Thursday after dollar scarcity forced it to trade lower on Wednesday.

The local currency improved N5 to close at N465 at the parallel market, from N470 it traded on Wednesday. While both the Pound Sterling and the Euro exchanged at N565 and N505 respectively.

At the interbank market, the Naira gained N1.78 from N306.78 it traded on Wednesday to close at N305 to a US dollar, while the Bureau De Change operators exchange at N385.

Experts have said the currency appreciated as Bureau De Change operators await the sale of dollars from Travelex, a CBN licenced international forex dealer.

“The Naira would appreciate further by the close of trading when BDCs would have all gotten their weekly Forex allocation from Travelex,” said Mr. Harrison Owoh, The Chief Executive Officer of H.J Trust.

The currency, which weakened on Wednesday following the dollar scarcity in the forex market, is expected to continue its recovery trajectory due to liquidity boost on the market.

Meanwhile, the Iraq has asked for an exemption from OPEC production cut similar to what Nigeria and Libya are likely to get, citing the on-going ISIS war in its country. This, among others, is the huddles likely to hinder the almost a decade success of OPEC institution.

A foreign exchange, research analyst at Investors King Ltd., Samed Olukoya said “Once OPEC members reach a consensus on production cut, the issue of liquidity should be addressed.”

Currently, the Brent crude is up 48 cents to trade at $50.47 a barrel.

http://investorsking.com/naira-gains-on-liquidity-boost/

Re: Naira Gains On Liquidity Boost by straneur(m): 6:58am On Oct 28, 2016
We are getting there

7 Likes

Re: Naira Gains On Liquidity Boost by Nobody: 8:44am On Oct 28, 2016
grin grin grin grin
Re: Naira Gains On Liquidity Boost by muyoge: 8:45am On Oct 28, 2016
The little Economics I studied informed me that value is created by scarcity. I also read that one of the qualities of good money is its relative scarcity.

When billions of naira,earmarked for certain projects,has a high percentage diverted into the pockets of corrupt people in power and the remaining given to non performing contractors,it weakens the naira.

There is great hope for Nigeria since the law is becoming more active and accountability in public offices is investigated.

16 Likes 2 Shares

Re: Naira Gains On Liquidity Boost by LecciGucci: 8:45am On Oct 28, 2016
Trash

1 Like

Re: Naira Gains On Liquidity Boost by WalkerMichael(m): 8:45am On Oct 28, 2016
That awkward moment when after rushing to book space, you
suddenly realize you don't have any meaningful thing to say.
Anyway let me use this opportunity to beg you guys for likes. I
know this is childish and that I have grown past this. I won't lie
that today is my birthday- just like others do. It's just that i have
this irresistible urge and would like to know that people still care
about other peoples feelings. May whatever you worship bless
and protect you and your family as you like this post. Thanks and
God bless you and your family.
Once more, don't say im distubing you. Please click like. Thanks
once again. Please I'm on my knees begging, it won't cost you
anything just to click on that like. Pulease.

165 Likes 1 Share

Re: Naira Gains On Liquidity Boost by Slimpotter(m): 8:45am On Oct 28, 2016
interesting
Re: Naira Gains On Liquidity Boost by Pope22(m): 8:46am On Oct 28, 2016
N5
Re: Naira Gains On Liquidity Boost by MadCow1: 8:46am On Oct 28, 2016
What is liquid naira? undecided
Re: Naira Gains On Liquidity Boost by wheesin(m): 8:46am On Oct 28, 2016
5 naira gain.. cheesy this govament will not kii me cheesy

7 Likes

Re: Naira Gains On Liquidity Boost by EngrZiri(m): 8:46am On Oct 28, 2016
this is good
grin
Re: Naira Gains On Liquidity Boost by Lilimax(f): 8:48am On Oct 28, 2016
MadCow1:
What is liquid naira? undecided
smiley
Re: Naira Gains On Liquidity Boost by Goldenheart(m): 8:48am On Oct 28, 2016
Naira no gain anything na lipsrsealed

1 Like

Re: Naira Gains On Liquidity Boost by Akinwerndey: 8:48am On Oct 28, 2016
Next news pls
Re: Naira Gains On Liquidity Boost by vRendoh(m): 8:48am On Oct 28, 2016

The local currency improved N5 to close at N465 at the parallel market, from N470 it traded on Wednesday


Bros? tongue

1 Like

Re: Naira Gains On Liquidity Boost by SamuelAnyawu(m): 8:48am On Oct 28, 2016
Okay
Re: Naira Gains On Liquidity Boost by Lilimax(f): 8:49am On Oct 28, 2016
Which gain?
Until they return the exchange rate to $1 = 200 naira, no work done embarassed

11 Likes

Re: Naira Gains On Liquidity Boost by realglobe: 8:49am On Oct 28, 2016
the naira gained because of high dollar scarcity? lol... intereting
Re: Naira Gains On Liquidity Boost by cosmatika(m): 8:50am On Oct 28, 2016
We need Solidity boost too
Re: Naira Gains On Liquidity Boost by Lilimax(f): 8:50am On Oct 28, 2016
WalkerMichael:

That awkward moment when after rushing to book space, you
suddenly realize you don't have any meaningful thing to say.
Anyway let me use this opportunity to beg you guys for likes. I
know this is childish and that I have grown past this. I won't lie
that today is my birthday- just like others do. It's just that i have
this irresistible urge and would like to know that people still care
about other peoples feelings. May whatever you worship bless
and protect you and your family as you like this post. Thanks and
God bless you and your family.
Once more, don't say im distubing you. Please click like. Thanks
once again. Please I'm on my knees begging, it won't cost you
anything just to click on that like. Pulease.
See ya life smiley But I don dash you one like sha.

1 Like

Re: Naira Gains On Liquidity Boost by Olasco93: 8:50am On Oct 28, 2016
smiley
Re: Naira Gains On Liquidity Boost by PoliticalThuG(m): 8:50am On Oct 28, 2016
Hmmm What A Gain
Re: Naira Gains On Liquidity Boost by sammyj: 8:51am On Oct 28, 2016
This can only get better!! grin
Re: Naira Gains On Liquidity Boost by Yinkatolu: 8:51am On Oct 28, 2016
Gain or Cane
Re: Naira Gains On Liquidity Boost by pat1612(m): 8:52am On Oct 28, 2016
Illusion created by cbn.actual ground reality is different grin
Heading 1$=500 plus before end of nov angry angry

1 Like

Re: Naira Gains On Liquidity Boost by Flets: 8:52am On Oct 28, 2016
Absolute Balderdash

$1 = 468 naira at this time and someone is talking about gains. Again, absolute rubbish!!!
Re: Naira Gains On Liquidity Boost by Tyocsyn: 8:52am On Oct 28, 2016
Waiting for when it will appreciate to N1 - $1 as promise.

1 Like

Re: Naira Gains On Liquidity Boost by falcon01: 8:52am On Oct 28, 2016
lol cheesy
Re: Naira Gains On Liquidity Boost by Chukzyfcb(m): 8:52am On Oct 28, 2016
rubbish news. so Nigerians should rejoice that 1dollar is now 460 naira or what?

1 Like

Re: Naira Gains On Liquidity Boost by oluangelkay(f): 8:55am On Oct 28, 2016
Abeg who knows how much Medical Visa to India cost? I have been invited for visa interview, let me know how much am coming to Lagos with. Please quote ehile replying. Thanks alot
Re: Naira Gains On Liquidity Boost by Nobody: 8:55am On Oct 28, 2016
All this lucozade boost that is not bring money to my pocket is just nonsense... I know i'll still celebrate this year by God's grace
Re: Naira Gains On Liquidity Boost by Adaanna(f): 8:57am On Oct 28, 2016
God will only depend on u cos u are the unchangeable changer.

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