₦airaland Forum

Naira gains massively against dollar
Radio NigeriaNov 5, 2023 3:17 PM

The value of dollar to naira fell sharply, on Saturday, with the local currency exchanging below N1000 in the parallel market.

This is the first time in over a month that the local currency would gain remarkable strength since it exchanged above N1000.

From N1,150 in the parallel market on Thursday, the dollar exchanged for N950 on Friday evening and below in the morning, gaining over N200.

Sources at the Murtala Muhammed International Airport (MMIA), Lagos confirmed to journalists that the dollar exchanged for N750-N800 in the morning before appreciating to N950 in the evening.

This happened in the midst of intervention from the Central Bank of Nigeria (CBN), which was said to have started clearing backlog of matured dollar obligations amounting to over $7bn.

The beneficiaries of the CBN remittances were banks and airlines, bolstering expectations among foreign airlines operating in Nigeria.


A bureau de change (BDC) operator in Lagos, Mr. Abu Dollar said, “We sell at N950 as I am talking to you. I don’t know what will happen tomorrow. Yesterday was N1,150 but today it has crashed to N950 here.

Another BDC operator at the MMIA simply identified as Mall. Ubaida said, “Dollar this evening we buy it for N900.

But in the morning, we bought it for N800. It is coming down because of what the CBN did.

Your news doesn't have a source ?

Hehehe

Wish is Tru

Hj

Massively! Lol.

You lots want to rule the country and fix the economy with propaganda?

My people say the man who sow 200 yam tubers but lied he sow 400, will reap 200 yam tubers and 200 lies.

Continue...

Tojan:
Your news doesn't have a source ?

It's Association of Propagandists & Confusionists.

True story. You don't even need a source....just use Google. Com

Brownbetsport24:
Hj

Post the latest price

800N to 1$ in sabo Ibadan. I pity horders

Ibusho:
800N to 1$ in sabo Ibadan. I pity horders

dreams. if true, i need 1000 dollars. connect me

Ikaeniyan0:
Post the latest price

just now

Ibusho:
800N to 1$ in sabo Ibadan. I pity horders

these are bank rate ,it's hard to buy.

[quote author=lexylaw40 post=126808431]True story. You don't even need a source....just use Google. Com[/quote
Go buy nah

lexylaw40:
True story. You don't even need a source....just use Google. Com

lol

Go market make we see if na this rate you go use buy something

DaInferno:
lol

Go market make we see if na this rate you go use buy something

all importers will buy at the official rate. I hope now you understand

Which importers? Lol
You think you will find the dollar at 800?

lexylaw40:
all importers will buy at the official rate. I hope now you understand

lexylaw40:
all importers will buy at the official rate. I hope now you understand

That’s a lie. Nobody go give you dollar at that rate.

Tojan:
Your news doesn't have a source ?

if you can read then you will c RADIO NIGERIA

This morning

Ddeliverer007:
That’s a lie. Nobody go give you a dollar at that rate.

@ 806# per a Dollar
The poster is a joker!
Either Ibadan people no know Dollar, or they sold fake dollars to him