Naira Gains As CBN Clearing Rate Weakens Against Dollar - Business

Naira Gains As CBN Clearing Rate Weakens Against Dollar - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Gains As CBN Clearing Rate Weakens Against Dollar (33643 Views)

Naira Gains As CBN Clearing Rate Weakens Against Dollar by Obinoscopy(op): 1:18pm On Jun 17, 2015

The nation’s currency, the naira, on Tuesday, strengthened against the US dollar by N0.96k or 0.48 percent at the inter-bank foreign exchange market after the Central Bank of Nigeria (CBN) again adjusted its clearing rate to N196.60k.

With the adjustment on Tuesday, the clearing rate weakened against the greenback by N6.90k or 3.63 percent depreciation.

Consequently, after trading on Tuesday, the local currency closed at N197.33k/$ as against N198.29k/$ the previous day, data from Financial Markets Dealers Quotations (FMDQ) indicated.

The clearing rate, which is the official exchange rate, was on Monday adjusted by the CBN to N190.00k/$, while naira gained over the US dollar by N0.55k or 0.28 percent at the inter-bank foreign exchange market.

http://businessdayonline.com/2015/06/naira-gains-as-cbn-clearing-rate-weakens-against-dollar/#.VYFkUOtwZoM

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Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by alberto2k(m): 1:20pm On Jun 17, 2015

[color=Teal]
Baba. . . we are still waiting for u to make Naira Equal to the Dollar
[/color]

104 Likes 6 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by kellynoah: 1:26pm On Jun 17, 2015*

when there is a depression in naira its jumps in hundred of naira to a dollar but when its the opposite its in kobo. which kind kwashiorkor spirit be dis?

119 Likes 3 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Nobody: 1:26pm On Jun 17, 2015

1 Like

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by xmileeasy: 1:26pm On Jun 17, 2015

The Naira should continue to garner strength against the dollar

8 Likes 2 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by CR77(f): 1:26pm On Jun 17, 2015

61 Likes 7 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Koroaso: 1:27pm On Jun 17, 2015

********SLOW DOES IT******

1 Like 1 Share

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by shedrack222: 1:27pm On Jun 17, 2015

Still waiting for when one naira will equal one dollar

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Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Emekamex(m): 1:27pm On Jun 17, 2015

34 Likes 1 Share

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by sexylogan(m): 1:28pm On Jun 17, 2015

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Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Drsheddy(m): 1:28pm On Jun 17, 2015

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Nobody: 1:28pm On Jun 17, 2015

Sai baba

That's great slow and steady wins the race

5 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by millionboi(m): 1:28pm On Jun 17, 2015

Wit time

1 Like

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Nobody: 1:28pm On Jun 17, 2015

Still...if we want more appreciation....Nigeria must get off oil.

If we want N1=$1......we must fix the light, fix the rail and make sure that we get on a program of industrial development.

We can no longer rely on sale of oil. Oil prices are falling by the day. Everyone is now producing oil. And selling groundnuts and cocoa and cassava too will not save us.

Nigeria needs to industrialize.And if APC won't give us industries....out they go in 2019.

Oil is a curse.

28 Likes 2 Shares

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Setaje(f): 1:28pm On Jun 17, 2015

Abeg let naira be 250 to a dollar angry

4 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by walemadu: 1:28pm On Jun 17, 2015

stories

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by sosanova: 1:28pm On Jun 17, 2015

what kind of gain be dat, i was expecting like 30 Naira gain not 90kobo gain, let naira gain at least 20 Naira, so we dem boyz can resume. our importation business

6 Likes 1 Share

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by Burger01(m): 1:29pm On Jun 17, 2015

Gradually we shall get there..

Haters keep hating

6 Likes

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by dimexilux(m): 1:29pm On Jun 17, 2015

Noted

Re: Naira Gains As CBN Clearing Rate Weakens Against Dollar by YerYer: 1:29pm On Jun 17, 2015

Is it just me, or is Nairaland's clock 2 minutes ahead?? Somehow some people will credit this development to Prez Buhari. Pls stop the hype and let the man do his job, thank you.

5 Likes