The naira has remained at the same exchange rate of N465 per dollar in the black on Friday, November 18, as it was yesterday.
This comes just two days after the naira had dropped 10 points from N455 on Wednesday, November 16, to close the day exchanging at N465.
But with a bit of stability witnessed in last two days, there is hope the local currency will likely make some gains over the dollar next week.
Naira stays firm at N465/$1 as Buhari makes new appointments
Dollar to Naira.

The recent depreciation of the local currency can be attributed to the raid on the market by the operatives of the Department of State Service (DSS) and Economic and Financial Crimes Commission (EFCC) last week.
It was gathered that the raid had instilled fear among BDCs.

The clampdown followed a meeting between the Central Bank of Nigeria (CBN), the SSS and leadership of the Bureau de Change (BDC) association aimed at finding solutions to the poor performance of the national currency against other international currencies, particularly the dollar, in the money market.

However, experts have predicted that the naira may likely make some gains over the dollar next week, although it may not be sustained.

An economist said: “We expect further appreciation of the currency in the parallel market over the short-term following the raid, but acknowledge that it may not be sustained for a prolonged period of time.”

ok now.

Chai! And the ani mal on the throne is happy that naira he met at 199 is now 'stable' at 465. Bu ha ri is brain dead




Atiku for 2019

Quote me anywhere

Well done DSS and EFCC, meanwhile FAYOSE and PATIENT JONATHAN for president and vice president 2019