Nigerian naira on Thursday appreciated by 2.13 per cent to close at 374 against the United States dollar at the parallel market as Central Bank of Nigeria, CBN intensify efforts to protect the value of the currency.

The currency maintained rate at 490 and 422 against the Pound sterling and Euro respectively at the black market segment.

At the official market, the naira depreciated by 0.02% against the dollar to close at N305.45 to a dollar while the Investors and Exporters foreign exchange Window rate opened at N380.44 and closed at N380.22 on the first today of June.


This development is coming as the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million.

A breakdown of Tuesday's interventions indicates that the Retail SMIS was allocated $285,779,350, while $100 million was offered in the Wholesale SMIS auction window.

The Small, Medium and Enterprises (SMEs) window got an allocation of $52 million, while the invisibles segment, comprising Basic Travel Allowance (BTA), Personal Travel Allowance, medicals and tuition fees, among others, was allocated $45 million

The acting Director, Corporate Communications at the CBN, Isaac Okorafor, had said that the interventions are in line with the CBN's resolve, echoed by the Governor, Godwin Emefiele, at last week's briefing of the Monetary Policy Committee (MPC) meeting

http://www.metronaija.com/2017/06/naira-appreciates-by-21-to-close-at-374.html

cc: lalasticlala mynd44

ok

Nice one

Sai Baba promised $1-#1

Naira vs Dollar
There's no way both will be equal.. Just help us bring it back to where it was before.

Sooo what should i now do

E b like say baba get one depreciating power ontop our naira and this country. Any time he leaves this country, things begin to appreciate especially d naira. Baba we beg u to stay there for as long as possible.
Enjoy ur stay there. The Uk need u more

Speculators Modath and EgunMogaji wont like this!

ntoooorrrr

The harm caused by this APC Government will take years to be corrected.


Will Dollar price, fuel and food prices ever come down again

Really?

dollar why.......
my NAIRA come back to 120/$

nice

Buhari travels, Naira apreciates and he returns, Naira depreciates.

Investors' confidence is low when Buhari is around and high when he is absent. Conduct an election and Buhari will not return.

Nice one


https://www.youtube.com/watch?v=jlh1DumKlkY

Buhari please come back by May 30 2019



The system seems to be working on its own without U in za COUNTRY

My Dollar come back to $1/#1

So shall it be. Amen.

Abeg let it come down ooo. I just did an international transaction and I was surprised. They didn't charge me much.

Gradually everything is appreciating. I'm the other news Nigeria move in fifa ranking. Even MMM is paying.

If bubu remaining in London will make 1 naira become 1 dollar, God let him remain there......

Oya na

This shouldn't be celebrated . APC met the exchange rate when it was still okay for Nigerians . They are fixing their own errors .

Osi bobo

Up Trump and May

Please let no one(OP) make any post like this again .....just simply state the current rate of dollar to naira....how can u refer to #350+ rate as strength...?

Every time buhari leaves the
Country things get better..


Oh lord if a man has to die
For Nigeria to move forward
Kill him.. Amen.

toh, its ok

Until it appreciates to $1=N1 buhari is still a failure.

367 abokifx

It's obvious that it's the Stupid Buhari that keeps ruining the country. If he wasn't elected in the first place, the country won't be in this mess.