₦airaland Forum

Democracy is a long way of life. It is not one act as revolution against tyranny. In Third world nations including Africans and Arabs, it is almost building a whole new system of life.
The recent quarrel in the Arab world is a very healthy sign to build up their democracy but under one condition, which is no violence. Any attempt to use military power against rivals will destroy the whole process.
We should understand that those who were gaining from the defunct regimes will never let it to go easily. They will fight to prevent the must coming change. History tells us that they had never succeeded.
The fallen tyrants; Ben Ali, Gaddafy & Mubarak surrounded themselves by fabricated elites to help them controlling their nations, including judges, businessmen, actors, actresses, media men ..etc. Most of the fight now is coming from those fake elites.

;

surveyProf: Bank exchange rate @ Ikota for travelling customer, with ticket n visa and also an account holder!

Thanks for the explanation
But pls we are here to know the price down in the street not the official nor the intra bank rates

Thanks

Fhemmmy: This thread is gone and no more what it used to be . . .

You are right too many scammers and funny pple but hope we can get rid of them soon

surveyProf: I bought today @ Ikota complex @ d rate of 155 per dollar!

Sorry but hard to believe, you bought not sold at 155 naira. The lowest CBN rate is 155 so how you get from black market at that rate


I bought last Monday at 159.5

ayox2003: For real.

For $20 denominations. I didn't price it cos I needed it so urgently.


Frawzey

130 Naira for 1 USD There is something unclear here, especially you still wanted to bargain the mallam and feel tjat he cheated you?? I hope those dollars aint fake
I understood that you bought dollars but if you mean you sold dollars then the man cheated you but remember it is Sunday

158.5 last friday

ayox2003: 157 @ Eko hotel.

While lower than $50 denomination still holds tight @ 150.

Frawzey

I guess 157 is the selling rate to mallams

skypac: Today's price- 160.30
Location- Lagos Island.

While I think this is the buying rate from mallams

Thanks for the info

chibuisi2002: Hi All,
Just bought today in Abuja @#162 per dollar from Black Market.
Bank Rate is about #160.50 per dollar.

Thanks for the info

Baraka D Sallah NLs
I got last Friday 162. I think this price will continue till next week

By the way, I got it 163 today and the way the mallams responded, I can say it is going down very soon at least one naira again
The oil companies pumped much dollar in the market

Fhemmmy: Talk to my partner in Nigeria . . . Mr. Adeniran (0809-191-7164) . . . But please deal with caution oh, cos i often dont like introducing people to people when money is concerned, cos of our risk level is different

Thanks Cheif. I wll call him
Me too, I do nt like 2 intervene in money matters for others.
I only buy in the bank after they check the dollars, then I pay the mallam. No carrying cash or online transfer even if there is 1 naira difference, Simply I dont buy till get better rate.
Thanks

arbitrage: i am looking for who can regularly buy my dollars preferably that can receive and send me by bank transfer or deposit to avoid carrying physical cash and save time. But i need current buying rate and not just only selling rates given here.

The buying rate is less than the selling by 2- 3 Naira Max.
Only someone knows you very well can make that online banking exchange

Fhemmmy: [b]That is very true and so sad that . . . I am not in Nigeria, so all my dealing are via my Partner in Lagos
[/b]

Chief, I know you 3e in the US, I thought you have the details of the mallam
Thanks

Opoki: God punish UBA, i used their Africard and got debited as much as #166 to $1, being the first time user, i thought it should be CBN rate!
Any idea of why this happen?

That is outrageous!
As much as I know, the cards' rate is various from a bank to another, but in all cases shouldn't be more than the BTA or the Intrabank raten which is around 162 - 163
Sorry

Fhemmmy: But i heard it is 162.5, talk to another Mallam

Thanks, but couldn't confirm this rate. Once the Mallams feel that the client is comfort with them, they start playing games.
Pls if you have a trustworthy mallam around Ikeja, pls pass his contacts to me
Thanks

Seems it was short improving, my Mallam is saying 164

mercylicious: I got selling price of N162.7

Where is that? Which area
This encouraging news

sequence: 163 to 1USD

Thanks so much, at least it is getting better.
Are you a seller or like us. Buyer

Pls what is the dollar rate

Seems this thread has died
Anyway, 1$= 164 - 165 Naira

ochukoccna: N158=$1 [buying] today
Seidu serious boy
Benson B/Stop
Ikorodu

He offered 157.5 but I stuck out for 158
Seems Naira is sliding again because he was buying 156 about 10 days ago [while local airport was 155] and selling for 158

The selling rate today is 163 naira!
He should buy it from you at least 159 Nira

sequence: 161 to 1USD

Unfotunately it is true, 161, thanks bro

Tmasters: Travel Masters Nigeria Bureau De Change has the best rates in Lagos, you can buy your Dollar, Pound Sterling or Euro from our reputable Bureau De Change located at Tafawa Balewa Square Lagos.

Travel Masters Buy Rate today: N157.50 to 1$

Travel Masters Sell Rate today: N159 to 1$

For more information, please visit us at www.travelmastersng.com or call any of the following numbers: We are at your service
+234 1 402 7167
+234 808 389 8585
+234 702 601 4484

Pls, can any one confirm the reputation of this company

I miss you grievely mom

You are real ''talk too much''

He is confessing being a liar, why people should believe him now. Why we should not believe that he collected the mone to change his statement NOW

AjanleKoko:
Still changed at 164 in Lagos.

Why is that. the news say Naira hit the 5 week high, and the speculation is that Naira is strengthening not weaken, why nothing goes as the book says



Nigeria naira hits 5-week high on ample dollar supply
Wed Feb 8, 2012 2:33pm GMT

AGOS (Reuters) - The Nigerian naira strengthened to a 5-week high against the U.S dollar on the interbank market on Wednesday, supported by increased dollar supply from oil companies.

The naira closed at 159.50 to the dollar, its strongest against the greenback since January 4, and compared with 160.30 at Tuesday's closed.

Traders said the local unit of Exxon Mobil, Niger Delta Development Commission (NNDC) and state-owned NNPC sold around $500 million towards the end of last week to some banks, while France's Total and Italy's AGIP sold a combined $88.8 million on Wednesday.

"The market is swimming in dollars as a result of inflows from energy companies and most banks are not taking positions and this has helped the naira to appreciate," one trader said, adding that "The naira has strengthened at the interbank, close to the central bank's prevailing rate."

On the bi-weekly forex auction, the central bank sold $450 million at 156.50 to the dollar, compared with $250 million sold at 156.85 to a dollar at the previous auction.

Dealers said the local currency should remain stable for the rest of the week because of the high level of dollar liquidity in the market, but could ease a little from next week as demand increases.

"The exchange rate at the interbank is almost at par with the official window and this has made the dollar attractive to buy for some importers. We expect to see increase in demand for dollar, while the naira should depreciate marginally," another dealer said.

Traders said the naira could trade within a band of 159.20-160.50 in the near term.

@petermania
Thanks for d info, wher was that

@ Royal Roy
Pls if u can pass d phone of ur dealer,i wouldnt mind going 2 ibadan when it saves me 50k
But how many dollars did u sell

The difference between selling nd buying price should be 2 naira, max 3 naira, so if u want 2 sell ask d buying price nd vis versa

@ ibrokay
Even if u sold 20$ u wud get better rate, why did u accept? Or did mean 162 but typed 152

163 Naira to bxy dollar today in Lagos