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Nairaland Forum / Nairaland / General / Business / Naira Depreciates Further On Investors FX Window (17628 Views)
Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens / Naira Depreciates Marginally Against Dollar / Naira Depreciates To N520 Against U.S. Dollar As Retailers Examine CBN Action (2) (3) (4)
Naira Depreciates Further On Investors FX Window by Truth234(m): 4:58am On May 09, 2017 |
The Nigerian Naira on Monday depreciated against the US dollar on Investors and Exporters Foreign Exchange Window after the Central Bank of Nigeria introduced the platform two weeks ago. The Window designed to allow investors and exporters’ access forex at market-determined rates has shifted the power to investors as most off-shores investors are said to be demanding N400 a dollar exchange rate, while local buyers were quoting rates as low as N350 a dollar. Last week, traders held a conference call with market regulator FMDQ OTC Securities Exchange to discuss the wide range of quotes on the Naira for investors, although the meeting did not produce any resolutions. FMDQ provides daily opening and closing quotes on the Naira. However, traders are worried about illiquidity in the foreign exchange market despite making the exchange rate market-determined for investors. “We have done deals around N400/dollar levels,” one trader said, adding that, “Some of the off-shores investors are insisting on N400/dollar.” The CBN had in April said it would allow investors to trade the naira at market-determined rates, a move intended to improve the dollar supply and attract foreign investors who bolted from Nigeria at the start of the latest naira crisis. http://investorsking.com/naira-depreciates-further-on-investors-fx-window/ 1 Like |
Re: Naira Depreciates Further On Investors FX Window by Atiku2019: 6:01am On May 09, 2017 |
2019 where at thou? 14 Likes |
Re: Naira Depreciates Further On Investors FX Window by Truth234(m): 7:35am On May 09, 2017 |
mynd44 this deserve to be on the front page, not the parallel/black market. This is the new fx window created two weeks ago. |
Re: Naira Depreciates Further On Investors FX Window by echelons(m): 7:53am On May 09, 2017 |
Another policy.. The foreign investors won't still be comfortable investing. Nobody wants to invest in an unstable money market. I just wish CBN gets it right soon. 3 Likes |
Re: Naira Depreciates Further On Investors FX Window by Mightyraw(m): 7:54am On May 09, 2017 |
Which one is new investors again, Na abokifx we dey follow 3 Likes |
Re: Naira Depreciates Further On Investors FX Window by AngelicBeing: 7:55am On May 09, 2017 |
1 Like |
Re: Naira Depreciates Further On Investors FX Window by AK481(m): 7:55am On May 09, 2017 |
Sad and sickening. 3 Likes |
Re: Naira Depreciates Further On Investors FX Window by feldido(m): 7:55am On May 09, 2017 |
Who is the market? 2 Likes |
Re: Naira Depreciates Further On Investors FX Window by Officialkplus(m): 7:55am On May 09, 2017 |
.now I'm confused... I read a topic that says naira appreciate just 10mins ago.. Now naira deprecates.. Iyam confused o 21 Likes |
Re: Naira Depreciates Further On Investors FX Window by RoyalBoutique(m): 7:56am On May 09, 2017 |
I just read that naira appreciated.... Now it has depreciated in less than 2mins. The mood swing of naira is something that should be studied. We might learn from it. 18 Likes |
Re: Naira Depreciates Further On Investors FX Window by salbis(m): 7:56am On May 09, 2017 |
One step forward, one and half step backward. |
Re: Naira Depreciates Further On Investors FX Window by AK481(m): 7:56am On May 09, 2017 |
Artificial solution of buhari |
Re: Naira Depreciates Further On Investors FX Window by okonja(m): 7:56am On May 09, 2017 |
Nice one 1 Like |
Re: Naira Depreciates Further On Investors FX Window by Holyfield1(m): 7:56am On May 09, 2017 |
Na wa o |
Re: Naira Depreciates Further On Investors FX Window by infiniteboy(m): 7:57am On May 09, 2017 |
God help Nigeria |
Re: Naira Depreciates Further On Investors FX Window by promohouse(m): 7:57am On May 09, 2017 |
oooo |
Re: Naira Depreciates Further On Investors FX Window by kings09(m): 7:57am On May 09, 2017 |
Up n down things |
Re: Naira Depreciates Further On Investors FX Window by SAMBHOSS(m): 7:57am On May 09, 2017 |
helppp |
Re: Naira Depreciates Further On Investors FX Window by kolaaderin: 7:58am On May 09, 2017 |
Which one are we to believe now, Two forex news on front page delivering opposite information. The first says Naira appreciated while this is saying the exact Opposite. www.nairaland.com/3787671/naira-appreciates-against-dollar 4 Likes |
Re: Naira Depreciates Further On Investors FX Window by bufness(m): 7:58am On May 09, 2017 |
did this naira not just appereciate some 2 or 3 threads ago 1 Like |
Re: Naira Depreciates Further On Investors FX Window by crackerspub: 7:58am On May 09, 2017 |
At the rate dollar they go na trade by barter things Imagine i fit if na trade by barter i go offer Seun, Tonto Dike and Seun go offer me Nairaland as full owner Offer Lalasticlala full snake and him go give super mode privileges so i go kumuma ban some people on nairaland Offer paa Buhari plus all his ministers to get Ngozi Okonjo to come manage our economy 3 Likes 1 Share |
Re: Naira Depreciates Further On Investors FX Window by iVentHub(m): 7:59am On May 09, 2017 |
D |
Re: Naira Depreciates Further On Investors FX Window by Nobody: 7:59am On May 09, 2017 |
What are we to believe this early morning? 1 Like |
Re: Naira Depreciates Further On Investors FX Window by lilfreezy: 7:59am On May 09, 2017 |
our exchange rate be fluctuating like this, then fluctuate like that 4 Likes 2 Shares
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Re: Naira Depreciates Further On Investors FX Window by Nobody: 7:59am On May 09, 2017 |
bufness: Bros who I go ask nah? |
Re: Naira Depreciates Further On Investors FX Window by veacea: 7:59am On May 09, 2017 |
Naira has suddenly become a pendulum bulb swinging Ugandan. Kwantinu |
Re: Naira Depreciates Further On Investors FX Window by bravesoul247(m): 8:00am On May 09, 2017 |
I'm just tired if this Nigeria. No job, everything is on the high side, Dollar is just laughing at our Naira. Everything is just so frustrating. |
Re: Naira Depreciates Further On Investors FX Window by momodub: 8:00am On May 09, 2017 |
Which level up and down |
Re: Naira Depreciates Further On Investors FX Window by Ptown(m): 8:00am On May 09, 2017 |
Atiku2019:
|
Re: Naira Depreciates Further On Investors FX Window by talktrue1(m): 8:01am On May 09, 2017 |
Naira swings |
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