The Nigeria naira yesterday appreciated further to N364 per dollar in the parallel trade showcase because of frail interest for dollar.

Naijcrackgist survey revealed that the parallel market exchange rate fell for the second consecutive day to N364 per dollar yesterday from N365 per dollar on Tuesday. This translated to N1 appreciation for the naira.

Similarly the naira appreciated by 90 kobo in the Investors and Exporters (I&E) window, as the indicative exchange rate dropped to N368.6 per dollar yesterday from N369.5 per dollar on Tuesday.

Data by the Financial Market Dealers Quote (FMDQ) showed that the volume of transactions dropped by 58 per cent to $75.32 million from N182.3 million on Tuesday.



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Source: www.naijcrackgist.com.ng

FTC

Still a long way to go, but commendable so far! I guess is as a result of the NSE growth in the last couple of days!

1naira appreciation and we are celebrating as if we won lottery. I can still remember that the was a time 1 dollar was 180naira untill Change came in . God will help us

Some entrepreneurs like me are praying for a dollar to equal N1000..

So we should we dancing abi?

When APC promised us 1N to 1dollar

Mtcheeeew,I'm still waiting for d day Naira will Become #10 to a Dollar

Time to pump more $400m into the BDCs to be shared by our brothers the mallams and never to be recovered again.

Same way they allocated billions of dollars saying its for search of oil in a desert, just to share it.

Buhari has a special place in that great fire

Buhari should remain in london until it gets to 200 naira

Then he can move to alaska

Naira just gained by just 2naira and its something to write home about, i rmber when this same dollar to naira ratio was arnd 160 yet some ppl wia defiantly criticising in other to snatch power.

I blame Jonathan he is weak, its better he rigged the election sef afterall his predecessors did just that and nothing happened.

Its better we manage corruption when dollar to naira was 160,than Fight corruption when dollar rate was 366.

This naira convulsions and epilepsy done tire me abeg.

Castleberry:
D

Even you? U dey booked space

Issok

Castleberry:
D

D for Dike? Or ??

I doubt if the naira can go lower than 360 benchmark that CBN had set initially

Naira the only twerking currency.

APC

CHANGE!!!

Good news.

However, speculators modath, Egunmogaji and onatisi won't like this. Too bad!

By the time all our refineries reopen and Dangote refinery joins the fray, many recalcitrant speculators may just commit suicide.

good

5DMindset:
Time to pump more $400m into the BDCs to be shared by our brothers the mallams and never to be recovered again.

Same way they allocated billions of dollars saying its for search of oil in a desert, just to share it.

Buhari has a special place in that HELL fire

don't forget to add sarrki, NgeneUkwenu, madridguy, yarimo

When will it come back to 180?

Stale now abeg

Kinglennon do you want to buy the space?

KingLennon:
1naira appreciation and we are celebrating as if we won lottery. I can still remember that the was a time 1 dollar was 180naira untill Change came in . God will help us

in the parallel market a dollar for 180 naira in 2015 ?

Nice but quite a slow process tho, that means APC will need to rule for the next 10 years before they can fulfill their promise of 1naira=$1.