₦airaland Forum

Toay for Abuja, Mallam go buy dollar for N156; dem sell me dollar for N158.

Forex: Naira strengthens at parallel market

Contrary to the marginal losses of the naira to the dollar as witnessed from last week, the local currency appreciated at the parallel market yesterday.


The dollar was exchanged for the naira at N152 against N154 last Monday, indicating a gain of N2.

Should the trend continue, the traders said a convergence of the parallel and official market rates was possible within the next two weeks.

Naira had lost N1.03 to the dollar last Monday, been the first auction day in the bi-weekly Wholesale Dutch Auction System (WDAS). The local currency had closed last weekend at N147.38 to the greenback.

Inter-bank foreign exchange rate was N152.50/$1 yesterday as against N152/$1 last Monday and N149.50/$1 last weekend.

The dealers said the black market was responding to the liberalisation of the market, which they admitted has enhanced the funding of that window.

The CBN had in furtherance of an efficient foreign exchange market liberalised the transactions.

Among the steps taken, which operators said had buoyed the market especially the parallel segment include the Integration of both classes ‘A’ and ‘B’ BDCs to the official window.

The CBN is currently implementing cash sales to Bureaux de Change as a key component of the liberalised forex market.

It had announced that it would disburse foreign exchange to BDCs at the clearing rate of the immediate past WDAS session and that all BDCs were required to sell at no more than two per cent spread above the CBN selling rate. That, the dealers said was also helping to moderate the rates at the retail end of the market.

Meanwhile, rates at the inter-bank money trading remained within the region of last week. The Nigerian Interbank Offer Rate (NIBOR) for call was yesterday at 10.4588 per cent and the 7 day paper 12.4167 per cent. The 30 day NIBOR was 14.6667 per cent; 60 day 15.6250 per cent; 180 day 16.9167 per cent and the 365 day fund 17.0838 per cent.



Source: http://odili.net/news/source/2009/jul/29/206.html




We go soon begin to buy dollar for N149 - N152   

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As naija people, una suppose to feel insulted with this kind action. why dem go single out naija becayse we don win the tournament 3 times?  de time wey Uk or Germany dem dey win am yanfu yanfu, na who complain. dis one na another racism! Just like dem tink say we no get sense reach dem, na so dem think say we dey physically inferior.

dem supposed to either do random testing instead make dem single us out. Our foolish leaders suppose to protest or withdraw our team in protest. The sad ting be say, even some naija people wey dey for overseas sef dey support de action, despite say dem no know a single player there wey be over 17.

dem wan compare our bone density with oyinbo man own with MRI technology ko? dem forget say na from small pikin we don dey chew chicken bone and 14 year old naija boy bone, dey mature pass 21 year old oyinbo man own. na ojoro dem wan take disqualify most of our players. which kind insult be this.

make dem carry their cup go sef!   

Abuja; Buy Dollar from Mallam N156; Sell Dollar to mallam N154; this morning.

e be like say exhange rate for black market go soon come down to bank official rate. see wettin central bank talk yesterday

As a result of increased supply of the dollar over demand, value of naira appreciated in all the three segments of foreign exchange market during the week, and at the parallel inter-bank and official markets, value of the naira appreciated by N5.50, N1.07 and 6kobo to close the week at N155.00/$1, N147.30/$1 and N146.70/$1, this is compared with the previous week’s figures of N160.50/$1, N148.37/$1, and N146.76/$1 respectively

The information accurate well well, dem don flood market with dollar, so tay, na only 50% wey bank buy sef. me i no go buy dollar again until the difference be N5 or less. I go buy for N150 - N151.


see the remaining tory here; me I no fit read everything, de thing dey too long: http://www.businessdayonline.com/index.php?option=com_content&view=article&id=3652:cbns-monetary-measures-tighten-liquidity-push-up-interbank-rates&catid=54:banking-finance&Itemid=326

I just buy dollars for Abuja this afternoon for N155. Mallam go buy your dollar for N152. Mallam say the money no go enter N160 again because Sanusi don liberalize forex market. Another trusted Mallam say make we expect to buy dollar for N5 - N10 more than the official rate for the foreseeable future.

naira don appreciate well well, just like Sanusi been talk am. black market don dey converge with bank rate.

This mornng, I buy dollar for N153, and if you get dollar, Mallam dem dey buy am for N151!!!! I suspect say na here e go stay as long as bank rate na N147 to dollar. 147 and 151 na just about the same thing.

BAC:
To those sending money home through Moneygram or Western Union. Just to let you know that Nigerian Banks are thieves.

I send $2067.00 to Naija yesterday through Moneygram. I asked them to pay in dollars so that the money can be collected and changed at the black market to avoid moneygram giving me naira at official exchange rate.

When my family got to the bank they said they can only pay in $100 demonimations. So they had to pay $67 in Naira at the official exchange rate, I was also told there are a lot of people queuing there having the same problems. When would we stop thieving in that country.

i no tink say the bank dey take style thief people money o. If you carry $100 bill go change, Mallam fit buy am from you for $158, but if na 5 twenty dollar bills you carry go, na only N150 dem go take buy am. Small bills just no dey for de forex market. banks no even get the small denominations in stock. next time just send $100 multiples. na naija factor you dey see so.

dis one funny no be small. as him dey piss on him people, monkey don revenge.

A monkey urinated on Zambian President Rupiah Banda as he spoke to reporters outside his State House offices on Wednesday.
"You have urinated on my jacket," a startled Banda told the monkey, one of many that makes their home in the trees outside his offices.

"I will give this monkey for lunch to Mr Sata," he joked, referring to opposition leader Michael Sata, who Banda defeated in last year's elections.


Banda devoted much of his second news conference as president to reassuring Zambians over the dramatic economic slowdown resulting from plunging prices for copper, the country's main export.

"Our growth prospects have diminished, such that the projected gross domestic product has now been revised downwards to 4.0 percent or below. This reduction has implications for the domestic revenues, with both cooperate and income taxes likely to reduce," Banda said.

http://www.breitbart.com/article.php?id=CNG.1238a91ad4198d1b19148e150db81cec.4b1&show_article=1

e be like say, Sanusi don dey take control of this exchange problem.

I buy dollar today for Abuja at N160. I hope say e go soon drop for black market like de thing dey for bank.

Today for Abuja: mallam go buy ya dollar for N161 and dem go sell you dollar for N163.

Latayi:
Hello,
Abeg where can I buy or sell dollars at Abuja (I mean to get good rate)?
Thanks in advance

make you try Nicon Hilton. go inside the mini village wey dey beside/behind the pool, you go see mallam dem for there. price am because if dem think say you no know book dem go gi you high price. Dem buy dollar for N160 - N162 today.

Abuja: Mallam bought dollars N162 and sold N166 in the morning. It is still dropping. They bought N160 in the afternoon

coolfaced8:
Pls I need this ASAP.

1.What is the equation of Plane in a Circle?

2. tan x cos x = ?

Also, what's the best way to learn how to read a graph? Kai! I've suffered o! I thought I've divorced this maths for life, but we're in a forced marriage again!

To all maths Guru in the house, I just need a quick brush up on some selected topics in maths, been a while since I've had anything to do with it. Actually I never liked maths while in school, but now I need quick brush up badly!

I'll be posting here some stubborn ones, please share your knowledge.

Thanks for your expected co-operation.

which one you dey na, this your question get as e be?  my teacher been tell me say the definition of plane na:
"A plane is a flat surface that extends without end in all directions"

So how you fit get plane inside circle? Plane no be property of circle na. If you want equation for area, circumference, and de other properties na different tory.

Now plane get relation ship with circle. make I try explain.

See this picture here:

https://www.mathgoodies.com/lessons/vol2/images/plane_inside.gifhttps://www.mathgoodies.com/lessons/vol2/images/plane_outside.gifhttps://www.mathgoodies.com/lessons/vol2/images/plane_oncircle.gif

circle fit divide plane 3 different ways, you fit use dat information as you like.  As per ya question, we go need to wake Einstein up before we fit find the equation wey you dey look for.

Why you wan gi me headache na?

una still dey hear? Desire confess say him dey violate rules with multiple IDs, open thread take dey entertain himself and dey enjoy go. this just show us say moderators dey give people long role to pull and make me tink say the ban wey dem ban Desire na with good reason.

My question be say, why dem never lock this thread yet? Why moderator dey cater to this Desire's desire like this na?

Na soso busy body dem full this thread, I guess me sef be busy body, at least until sleep catch me.  

oyinbo man  go say, to break rule dey pathological as far as naija people dey concerned. nna, this desire wey dey complain, I hope say if de ban wey dem ban am dey "unfair" then make she no complain if dem come ban am again. e be like say desire no read the rule way say "The use of multiple accounts without explicit permission of the forum administrator(s) is prohibited".

Since desire don confess say him/she dey operate multiple account, if dem ban am again, my hand no dey inside. Na amebo dem go solve dat problem.

abeg, make una no vex, but all of una wey dey blame moderator wey issue ban need to shut up. na subjective decision and no be everything wey dem go spell out inside rule otherwise na 10 pages dem go take post rules. dem don ban am, make desire go make nice to Admin and hope say dem go reinstate am. naija no like to follow simple rules. Na because of that problem una no get uninterruptible power supply sef.

thank you for de information o. abeg, you fit post the picture of the interior, make I see the wettin dey behind the fron seats.

Also, e dey OK make dem take real bullet test the car for side? if bullet no penetrate una fit repair am with a few hundred thousand naira. dat na small thing na. abeg no vex, na questions wey dem ask me I dey ask you. make you assume say na serious potential customer dey ask these questions.

Last question be say, where de jeep dey, now now?

Today 12/06/2009 Mallams dey buy dollar for N167 and dem dey sell am for N168.5 for Abuja.

gabng, abeg how person fit prove to potential customer say the car na real bulletproof. una get any verifiable certification at all. I sure say no be real bullets person go take validate the specs. tank you, I dey wait for information.

Sorry, this was reported elsewhere, Deleted

https://farm1.static.flickr.com/127/417943868_67e923c122.jpg?v=0

dis one dey tell the whole world say him naughty.

@Gator and Ogidi. Wait make naija nairalanders wake up, come catch una for here.

https://steveone.com/wordpress/wp-content/uploads/2009/01/img00032-590x442.jpg


Poor baby!! Eeeyah.

na one track mind wey this owner get. Cold don catch am finish for Colorado.

https://www.akawilliam.com/wp-content/uploads/2009/04/ilvtofu.jpg

https://farm4.static.flickr.com/3277/2385815831_45f07a7f96.jpg

if na corrolla be ya car, you for nop complain.

https://farm4.static.flickr.com/3079/2650981066_252d96dfb1.jpg?v=0

This one no like google.

lol

https://www.greatvanityplates.com/wp-content/uploads/2008/10/1925949768_3be0a3aee9.jpg


nwanne m, The pikin of the owner don show am pepper.

https://www.kingofforwards.com/wp-content/uploads/2009/02/pms.jpg

Who fit guess the gender of the owner?

[img]http://www.fairfaxunderground.com/forum/file.php?2,file=40,filename=IH8MYWIF.jpg[/img]

I no think say the owner of this one crazy about him wife

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https://www.youtube.com/watch?v=yNqECIjrs74&hl=en&fs=1&[/flash]