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Nairaland Forum / Nairaland / General / Business / Naira Improves To N485 Against US Dollar (9344 Views)
When The Naira Was Stronger Than US Dollar (Throwback) / Exchange Rates: Naira Improves To N460 To The Dollar / Naira Improves On Parallel Market, Sells At N501/$ (2) (3) (4)
Naira Improves To N485 Against US Dollar by Truth234(m): 6:30am On Dec 26, 2016 |
The Nigerian Naira improved against the US dollar at the parallel market during the Christmas celebration as businesses wind down on their demands for the greenback. The local currency appreciated from N492 it traded on Wednesday to N485 on Friday. The dollar scarcity continued to weigh on the Naira value as businesses and investors were unable to create enough jobs to meet the growing Nigeria population, leading to over 1.7 million jobs lost in the last 9 months, according to the National Bureau of Statistics. Foreign exchange experts have said the continuous dip in the Naira value is as a result of limited forex liquidity in most segments of the foreign exchange market. While a few analysts have projected an improvement in the nation economic situation in 2017, following OPEC successful production cut consensus. A foreign exchange research analyst at Investors King, Samed Olukoya has said, “The nation may not fully benefit from the surge in global oil prices if it fails to curb the persistent attack on its oil facilities and get its output to 2.2mbpd as stipulated in its proposed 2017 budget.” “Currently, oil output stood at 1.7mbpd after reaching as low as 1.4mbpd in August. The country has not produced at 2.2mbpd since the militant commence attacks on the nation oil facilities 7 months ago, this puts the feasibility of 2.2mbpd in 2017 in question,” he added. http://investorsking.com/naira-improves-n485-us-dollar/ 1 Like |
Re: Naira Improves To N485 Against US Dollar by osaslord500(m): 6:38am On Dec 26, 2016 |
I am not understanding 2 Likes |
Re: Naira Improves To N485 Against US Dollar by madridguy(m): 6:44am On Dec 26, 2016 |
Still very poor. 1 Like |
Re: Naira Improves To N485 Against US Dollar by Nobody: 6:53am On Dec 26, 2016 |
What a great improvement. Buhari don spoil this country, walahi I am scared of 2017 20 Likes
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Re: Naira Improves To N485 Against US Dollar by McAustin92(m): 6:57am On Dec 26, 2016 |
Welcome to Naija....the country who's future ain't guaranteed nor ascertained for d incoming generation..... 9 Likes |
Re: Naira Improves To N485 Against US Dollar by psucc(m): 6:59am On Dec 26, 2016 |
This is a nice improvement. I hope it meets the target of N500/$ by 31st Dec 2016. 6 Likes |
Re: Naira Improves To N485 Against US Dollar by veekid(m): 7:05am On Dec 26, 2016 |
buhari sef 1 Like |
Re: Naira Improves To N485 Against US Dollar by Addicted2Women: 7:05am On Dec 26, 2016 |
Improves ?? I'm sitting here praying for $1 to exchange for 900 naira Buhari has been good to me 8 Likes
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Re: Naira Improves To N485 Against US Dollar by Olakunle007(m): 7:06am On Dec 26, 2016 |
Do you call this improvement? 4 Likes 1 Share |
Re: Naira Improves To N485 Against US Dollar by OZAOEKPE(f): 7:07am On Dec 26, 2016 |
the destiny of this country died the day jonathan left power... 9 Likes |
Re: Naira Improves To N485 Against US Dollar by BeeBeeOoh(m): 7:07am On Dec 26, 2016 |
We are now celebrating mediocrity all because of some group of people who thinks that a septuagenarian who never improved educationally or other wise 30years after leaving power will turn Nigeria into an eldorado. How did we even arrived here 12 Likes
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Re: Naira Improves To N485 Against US Dollar by drinkgarri: 7:07am On Dec 26, 2016 |
Improvement indeed.... On and off like Xmas light 4 Likes |
Re: Naira Improves To N485 Against US Dollar by ajbf: 7:08am On Dec 26, 2016 |
Dollar to naira is now $1= #485. And you people think it is worthy of funfare and celebration. $1 = #216 is no more okay for APC. 6 Likes
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Re: Naira Improves To N485 Against US Dollar by Chidex2442(m): 7:08am On Dec 26, 2016 |
We continue to grow as the dollar grows against the naira..... Cocoa money paid a lot this year 2 Likes |
Re: Naira Improves To N485 Against US Dollar by Nobody: 7:08am On Dec 26, 2016 |
4 Likes |
Re: Naira Improves To N485 Against US Dollar by Chimezie198(m): 7:08am On Dec 26, 2016 |
lol @improvement... chai pikin wey dey carry 36 out of 36 for class come take 35 out of 36, shey na 'improves' too? 2 Likes |
Re: Naira Improves To N485 Against US Dollar by Darvel(m): 7:09am On Dec 26, 2016 |
lol.. chai 2 Likes
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Re: Naira Improves To N485 Against US Dollar by sanandreas(m): 7:09am On Dec 26, 2016 |
Naira is just so unstable. 1 Like |
Re: Naira Improves To N485 Against US Dollar by sbashir10(m): 7:09am On Dec 26, 2016 |
hmmmmm, E go beter 1 Like |
Re: Naira Improves To N485 Against US Dollar by Atiku2019: 7:09am On Dec 26, 2016 |
Nice |
Re: Naira Improves To N485 Against US Dollar by abbaapple: 7:10am On Dec 26, 2016 |
we will surely get dere, fingers crossed. 2 Likes |
Re: Naira Improves To N485 Against US Dollar by martineverest(m): 7:10am On Dec 26, 2016 |
OZAOEKPE:what if he had remained as the president? 3 Likes |
Re: Naira Improves To N485 Against US Dollar by philfrey08: 7:10am On Dec 26, 2016 |
"Improves"... when would it be 1naira to 1 dollar pls 1 Like |
Re: Naira Improves To N485 Against US Dollar by adewumiopeyemi(m): 7:10am On Dec 26, 2016 |
Nice one... in order news.. nairaland. Beach party holding january 2 is going to be fun and intresting don't miss it guys.. for more information check my signature.. or pm. 1 Like |
Re: Naira Improves To N485 Against US Dollar by Nobody: 7:11am On Dec 26, 2016 |
One good news atleast 2 Likes |
Re: Naira Improves To N485 Against US Dollar by ogologoamu: 7:11am On Dec 26, 2016 |
@ op, is this how you improved while in school?. 1 Like |
Re: Naira Improves To N485 Against US Dollar by karid(m): 7:11am On Dec 26, 2016 |
EastGold:stay in 2016 nahhh lol |
Re: Naira Improves To N485 Against US Dollar by Joyce28(f): 7:11am On Dec 26, 2016 |
I hear improvement nko We r hoping for a better tomorrow 1 Like |
Re: Naira Improves To N485 Against US Dollar by Ekpekus(m): 7:12am On Dec 26, 2016 |
Good one. It can still do better 1 Like |
Re: Naira Improves To N485 Against US Dollar by akoredebadru(m): 7:12am On Dec 26, 2016 |
Still nt good @ all, last year a dollar is #200 or #250 why NW, Mercy be upon Nigeria 1 Like |
Re: Naira Improves To N485 Against US Dollar by karid(m): 7:12am On Dec 26, 2016 |
philfrey08:when u start thinking of how to export locally made good |
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