Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,174,615 members, 7,892,533 topics. Date: Wednesday, 17 July 2024 at 01:13 PM

Naira Gains Marginally, Closes At N366/$ - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Gains Marginally, Closes At N366/$ (5614 Views)

Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window / Naira Falls Against US Dollar To N366/$ / Naira Gains Marginally Across Market Segments (2) (3) (4)

(1) (2) (Reply) (Go Down)

Naira Gains Marginally, Closes At N366/$ by Truth234(m): 6:26am On Sep 26, 2017
The Naira appreciated slightly on Monday after trading at N369 for two weeks.

The local currency gained N3 from N369 it traded last week to close at N366 per U.S. dollar on Monday.

This was after the Central Bank of Nigeria intervened in the foreign exchange market.

The apex bank has been injecting between $250 million and $300 million into the various segments of the foreign exchange market to help support the Naira and boost business activities.

On Monday, the CBN sold another $195 million into the forex market.

Breaking down the disbursement, a total of $100 million was injected into the interbank foreign exchange segment, while the small and medium enterprises and invisible segments were appropriated $50 million and $45 million respectively.

The central bank had earlier threatened to sanction any Deposit Money Bank in breach of its March 3, 2017, directive, which mandates them to open teller points for retail foreign exchange transactions and to have electronic display boards in their branches showing rates of all their currencies.

The Nigerian crude oil, Brent crude, rose to a 26-month high on Monday following a threat by the Turkish government to block Iraqi Kurdistan’s crude shipments through its territory for going through with a controversial referendum.

Brent gained 0.46 percent to $58.70 a barrel, up $8 from $50.73 a barrel recorded a month ago when Hurricanes hit US producers.

The U.S. West Texas Intermediate rose by 0.13 percent this week to $52.31 at 11:11 pm Nigerian time.

http://investorsking.com/naira-gains-marginally-closes-n366/
Re: Naira Gains Marginally, Closes At N366/$ by iykepromotions: 6:49am On Sep 26, 2017
Quite interesting...... wonder why the banks are charging the black market rates for debit cards.

1 Like

Re: Naira Gains Marginally, Closes At N366/$ by Johngla(m): 7:34am On Sep 26, 2017
[sup][/sup]
Re: Naira Gains Marginally, Closes At N366/$ by Ayo4251(m): 7:35am On Sep 26, 2017
Still waiting for when #1 will equal $1 so i can buy iPhone X for #1000 grin

7 Likes 1 Share

Re: Naira Gains Marginally, Closes At N366/$ by Unbreakable007: 7:35am On Sep 26, 2017
.

1 Like

Re: Naira Gains Marginally, Closes At N366/$ by justi4jesu(f): 7:35am On Sep 26, 2017
Re: Naira Gains Marginally, Closes At N366/$ by frankwells(f): 7:35am On Sep 26, 2017
Naira
Re: Naira Gains Marginally, Closes At N366/$ by Xmyno(m): 7:35am On Sep 26, 2017
I don't bleme APC Government.... We are the cause of our problems.... See margins!

1 Like

Re: Naira Gains Marginally, Closes At N366/$ by donkenny(m): 7:36am On Sep 26, 2017
Waiting for it to reach $1= #1000

6 Likes 1 Share

Re: Naira Gains Marginally, Closes At N366/$ by kamossreal(m): 7:36am On Sep 26, 2017
Good, May God help us. .....We need God intervention.
Re: Naira Gains Marginally, Closes At N366/$ by baski92(m): 7:38am On Sep 26, 2017
And they expect us to happy or what, is the 1 dollar to 1 naira may president promise us
Re: Naira Gains Marginally, Closes At N366/$ by Moreoffaith(m): 7:42am On Sep 26, 2017
Gain??
Re: Naira Gains Marginally, Closes At N366/$ by SillyMods: 7:43am On Sep 26, 2017
baski92:
And they expect us to happy or what, is the 1 dollar to 1 naira may president promise us
Your president promised you?

Liars everywhere you go. grin grin grin
Re: Naira Gains Marginally, Closes At N366/$ by Sheggun1: 7:44am On Sep 26, 2017
donkenny:
Waiting for it to reach $1= #1000
bros wetin happen naw
Re: Naira Gains Marginally, Closes At N366/$ by cr7rooney10(m): 7:45am On Sep 26, 2017
Naira like irregular menstrual cycle
Re: Naira Gains Marginally, Closes At N366/$ by abbeyoye2001(m): 7:47am On Sep 26, 2017
We are getting there
Re: Naira Gains Marginally, Closes At N366/$ by Nobody: 7:48am On Sep 26, 2017
I wish we could trade the Naira on my forex broker
Re: Naira Gains Marginally, Closes At N366/$ by PotatoSalad(m): 7:48am On Sep 26, 2017
same old same old
Re: Naira Gains Marginally, Closes At N366/$ by ackifemmy(m): 7:50am On Sep 26, 2017
everyday news

Re: Naira Gains Marginally, Closes At N366/$ by baski92(m): 7:50am On Sep 26, 2017
SillyMods:

Your president promised you?

Liars everywhere you go. grin grin grin
the man realy trick us, not to even talk of the 10,000 every month we were promise before election
Re: Naira Gains Marginally, Closes At N366/$ by flyca: 7:51am On Sep 26, 2017
One day, one story.
Re: Naira Gains Marginally, Closes At N366/$ by hola106(m): 7:51am On Sep 26, 2017
soon all will be well cyto currency s d ans d earlier d beta we understand dat digital currency s d key

1 Like

Re: Naira Gains Marginally, Closes At N366/$ by vioment: 7:54am On Sep 26, 2017
Without a manufacturing and knowledge based economy, this means nothing. No light sef, even the governor of lagos is buying 120 generator sets for police. Is that a serious country to you, or does this sound like a country that can take advantage of such a situation. I'd argue it is in america's interest that the dollar falls, to encourage more trade on their side especially against Nigeria.

2 Likes

Re: Naira Gains Marginally, Closes At N366/$ by castrol180(m): 7:58am On Sep 26, 2017
.
Re: Naira Gains Marginally, Closes At N366/$ by Kenzico(m): 8:00am On Sep 26, 2017
N

Re: Naira Gains Marginally, Closes At N366/$ by wildchild02: 8:03am On Sep 26, 2017
Gradually

Check my signature to order your football jerseys and get FREE CUSTOMIZATION, YES you heard me right FREE CUSTOMIZATION
Re: Naira Gains Marginally, Closes At N366/$ by Abfinest007(m): 8:04am On Sep 26, 2017
no
Re: Naira Gains Marginally, Closes At N366/$ by opeyehmmy(m): 8:04am On Sep 26, 2017
Okay.
Re: Naira Gains Marginally, Closes At N366/$ by donkenny(m): 8:06am On Sep 26, 2017
Sheggun1:
bros wetin happen naw
grin grin grin grin
Re: Naira Gains Marginally, Closes At N366/$ by handsomeyinka(m): 8:10am On Sep 26, 2017
iykepromotions:
Quite interesting...... wonder why the banks are charging the black market rates for debit cards.
..I support the idea for now,it's just to ease off demand on the cards (diaspora) and that's why the rate has been steady for a while but hopefully they will reduce their rate once they have surplus in reserve (foreign reserve) and that will overturn the black market rate..Let's just hope the foreign reserve continues to grow.
Re: Naira Gains Marginally, Closes At N366/$ by johncreek: 8:24am On Sep 26, 2017
A good development I must say.

(1) (2) (Reply)

Ban On Use Of CBN's Dollars By Oil Companies / 5 Ways To Block And Retrive Your ATM Card If Lost Or Stolen, Even On Weekends / Can I Start Engine Oil Business With 500,000 Naira

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.