Naira Rallies Against The Dollar - Business

Naira Rallies Against The Dollar - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Rallies Against The Dollar (49841 Views)

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Naira Rallies Against The Dollar by Nobody: 9:15am On Aug 22, 2015

The Naira, on Friday, regained its strength and appreciated to N208 to the Dollar in the parallel market, compared with the N212 it traded for on Thursday.
The British Pound Sterling and the Euro also traded at N330 and N230, respectively, at the parallel market on Friday.
The official interbank exchange rate, however, remained at N197 to the Dollar.
Olufukeje Adegbeye, a currency trader, attributed the fluctuation of the Naira to the global devaluation of the dollar and recent monetary policies of the Central Bank of Nigeria (CBN); adding that the intervention of the CBN had stifled the forces of demand and supply in the nation’s currency market.
“The businessman on the street should be taken into consideration,” he said. “Some of our manufacturers still depend on the importation of raw materials for their operations. The policy
on foreign exchange restriction has made life extremely difficult for manufacturers.”
He also said that the CBN, through its policies, has created avenues for the cross border smuggling of foreign currencies, especially the dollar.

http://dailytimes.com.ng/naira-rallies-against-the-dollar/

7 Likes 1 Share

Re: Naira Rallies Against The Dollar by Cutehector(m): 9:18am On Aug 22, 2015

Na wresting match?

20 Likes 2 Shares

Re: Naira Rallies Against The Dollar by Baawaa(m): 9:19am On Aug 22, 2015

That is CHANGE!
Never again JonaTAN in this nation grin

132 Likes 4 Shares

Re: Naira Rallies Against The Dollar by kkkp: 9:19am On Aug 22, 2015

Slow and steady...#Baba till 6031

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Re: Naira Rallies Against The Dollar by PassingShot(m): 9:20am On Aug 22, 2015

Another sad day for wailers who will never see any good in this country.

The bad news they pray for shall be their lot. grin

119 Likes 4 Shares

Re: Naira Rallies Against The Dollar by BishopMagic: 9:20am On Aug 22, 2015

Baawaa:
That is CHANGE!
Never again JonaTAN in this nation

Fool.

Better start planting whatever cash crop because the oil will no longer fund your useless parasitic nation.

29 Likes 4 Shares

Re: Naira Rallies Against The Dollar by BishopMagic: 9:22am On Aug 22, 2015

PassingShot:
Another sad day for wailers

Passingshit, we are waiting for one naira to be equal to one dollar.

When GEJ left it was trading at 190 and you call 208 progress?

You must be as daft as your boko commander

130 Likes 16 Shares

Re: Naira Rallies Against The Dollar by kkkp: 9:22am On Aug 22, 2015

BishopMagic:
Fool.

Better start planting whatever cash crop because the oil will no longer fund your useless parasitic nation.

children of hate

72 Likes 3 Shares

Re: Naira Rallies Against The Dollar by ishiamu(m): 9:22am On Aug 22, 2015

Meanwhile, below are some of the latest topics from APC propaganda machinery. Enjoy and feel free to add yours

#APCpropaganda
Buhari's planned probe of FIFA: Sepp Blatter goes into hiding- Liar Mohammed

#APCpropaganda
Fear of Buhari: Satan falls from sky, sustains serious head injury - Passingshot

#APCpropaganda
Buhari's integrity sweeps through the animal world as mosquitoes suspend biting action indefinitely - Premium Times

#APCpropaganda
Buhari's body language: an aide of former president returns #12 trillion loot, begs for forgiveness - Liar Mohammed

#APCpropaganda
Buhari's body language: statue of George Washington shows sign of life in far away US - Mynd_4

#APCpropaganda
Fear of Buhari: One million witches and wizards storm Eagles square, renounce evil and beg for forgiveness- Beremx

#APCpropaganda
Buhari's fart powering Nigeria's power plants - Nations

#APCpropaganda
Buhari's body language: 65 year old woman healed of cervical cancer - Passingshot

#APCpropaganda
Buhari's integrity: over 12 million Nigerians employed in 2 months - Liar Mohammed

126 Likes 21 Shares

Re: Naira Rallies Against The Dollar by jemir000: 9:22am On Aug 22, 2015

lies

2 Likes

Re: Naira Rallies Against The Dollar by mployer(m): 9:23am On Aug 22, 2015

Baawaa:
That is CHANGE!
Never again JonaTAN in this nation

If you really understand what is happening, you will pity your folly

It is like your parents refusing you food just to boast of surplus food in the house..... sad

44 Likes 7 Shares

Re: Naira Rallies Against The Dollar by PassingShot(m): 9:23am On Aug 22, 2015

Lalasticlala Afam4eva Obinoscopy Seun, this food is better served hot.

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Re: Naira Rallies Against The Dollar by BishopMagic: 9:25am On Aug 22, 2015

kkkp:
children of hate

Parasite if you must know, importers are not importing. Companies are scaling back production And govt is no longer awarding contracts so the drop is occasioned by stagnation of the economy.

Better get to work exporting any thing of value in your waste land.

22 Likes 3 Shares

Re: Naira Rallies Against The Dollar by Baawaa(m): 9:25am On Aug 22, 2015

BishopMagic:
Fool.

Better start planting whatever cash crop because the oil will no longer fund your useless parasitic nation.

Oh sorry,you are still suffering from pains of defeat,you shall get over it one day

31 Likes 1 Share

Re: Naira Rallies Against The Dollar by PassingShot(m): 9:26am On Aug 22, 2015

BishopMagic:
Passingshit, we are waiting for one naira to be equal to one dollar.

When GEJ left it was trading at 190 and you call 208 progress?

You must be as daft as your boko commander

Liar! It was way above 220 when GEJ left.

58 Likes 3 Shares

Re: Naira Rallies Against The Dollar by tucky200(m): 9:26am On Aug 22, 2015

BishopMagic:
Passingshit, we are waiting for one naira to be equal to one dollar.
When GEJ left it was trading at 190 and you call 208 progress?
You must be as daft as your boko commander

37 Likes 1 Share

Re: Naira Rallies Against The Dollar by BishopMagic: 9:27am On Aug 22, 2015

PassingShot:
Lalasticlala Afam4eva Obinoscopy Seun, this food is better served hot.

GEJ left the dollar trading at 190 and this was as a result of serious apprehension on the outcome of the presidential election.

In less than a month, the dollar spiked to 250. And today you are celebrating a change from 190 to 208 as progress?

You daft fool

19 Likes 4 Shares

Re: Naira Rallies Against The Dollar by BishopMagic: 9:29am On Aug 22, 2015

PassingShot:
Liar! It was way above 220 when GEJ left.

Shut up you bloody liar.

It was 190 as at May 29.

I know because I converted some of my savings to my dorm account in apprehension that it will further fall.

25 Likes 3 Shares

Re: Naira Rallies Against The Dollar by Baawaa(m): 9:30am On Aug 22, 2015

BishopMagic:
Parasite if you must know, importers are not importing. Companies are scaling back production And govt is no longer awarding contracts so the drop is occasioned by stagnation of the economy.

Better get to work exporting any thing of value in your waste land.

You have no ideas like Jonathan your mentor,GOD has delivered this nation from JonaTAN the destroyer

20 Likes 1 Share

Re: Naira Rallies Against The Dollar by kkkp: 9:30am On Aug 22, 2015

BishopMagic:
Parasite if you must know, importers are not importing. Companies are scaling back production And govt is no longer awarding contracts so the drop is occasioned by stagnation of the economy.

Better get to work exporting any thing of value in your waste land.

y are u full of hate? Common be hapi. If not depression and HBP will finish u

9 Likes

Re: Naira Rallies Against The Dollar by PassingShot(m): 9:32am On Aug 22, 2015

[s]

BishopMagic:
Shut up you bloody liar.

It was 190 as at May 29.

I know because I converted some of my savings to my dorm account in apprehension that it will further fall.

[/s]

9 Likes

Re: Naira Rallies Against The Dollar by Feranmicharles(m): 9:33am On Aug 22, 2015

Okay sha

1 Like

Re: Naira Rallies Against The Dollar by Pavore9: 9:33am On Aug 22, 2015

We should be exporting more.

Re: Naira Rallies Against The Dollar by Nobody: 9:33am On Aug 22, 2015

are u a wailer ? why are bitter in every reply? Are u not happy naira is gaining ground? Na wa o

BishopMagic:
Passingshit, we are waiting for one naira to be equal to one dollar.

When GEJ left it was trading at 190 and you call 208 progress?

You must be as daft as your boko commander

7 Likes

Re: Naira Rallies Against The Dollar by kennyman2000(m): 9:34am On Aug 22, 2015

Okay... But, something must be done to curb all these banks from daylight exchange rate robbery.

Some banks charges as high as #245 to a dollar..

Thats more than the rate at the parallel market.

Check my signature for ur customised wristbands.

3 Likes

Re: Naira Rallies Against The Dollar by MizTyna(f): 9:34am On Aug 22, 2015

Yay!!! Go naira! Go naira!!

jemir000:
lies

What's the lie about? Check abokifx.com na

2 Likes

Re: Naira Rallies Against The Dollar by BishopMagic: 9:34am On Aug 22, 2015

Baawaa:
You have no ideas like Jonathan your mentor,GOD has delivered this nation from JonaTAN the destroyer

Fool, did the naira not trade at its all time lowest value of 250 in August, 2015.

Keep denying the obvious

2 Likes

Re: Naira Rallies Against The Dollar by Tonnierichy(m): 9:34am On Aug 22, 2015*

Go PMB

2 Likes

Re: Naira Rallies Against The Dollar by Firefire(m): 9:35am On Aug 22, 2015

1 Like

Re: Naira Rallies Against The Dollar by bastien: 9:35am On Aug 22, 2015

Shey naira don turn to my club arsenal? today them go dey up,tomorrow them go dey down

3 Likes

Re: Naira Rallies Against The Dollar by Baawaa(m): 9:35am On Aug 22, 2015

BishopMagic:
Passingshit, we are waiting for one naira to be equal to one dollar.

When GEJ left it was trading at 190 and you call 208 progress?

You must be as daft as your boko commander

You are nothing but a fool,ask Jonathan the clueless, he will tell you a dollar was 237 to Naira when he left office.

11 Likes

Re: Naira Rallies Against The Dollar by chernest2002: 9:35am On Aug 22, 2015

And suffering is increased, anyway change na change even if na fake.

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