Nigeria's Naira firmed 1.1 percent to 510 on the black market on Wednesday, bureau de change (BDC) traders said, after the Central Bank of Nigeria (CBN) started to supply dollars for retail transactions in a bid to narrow the spread with the official exchange rate.

Most BDCs were showing only offers to sell at 510 with no bids, having sourced dollars privately at peak rates of 520 per dollar. The naira was quoted at 305.25 per dollar on the official market.

The CBN stepped up dollar sales on the interbank currency market on Tuesday, a day after it effectively devalued the naira for retail currency sales

Read more at http://www.dailytrust.com.ng/news/business/naira-firms-on-black-market-after-central-bank-action-bdc-traders/186405.html#oT6WIzTrTbkSLKzu.99

cc: seun,mynd44 and lalasticlala

will go back up .... same crap every time as this is not a new solution

Gegege.......1 dollar go hit #700 naira before Buhari go return from him indefinite "holiday"

And when he returns from London, his blind economic policy and the EFCC arrests go jack-up the naira to maybe #800 naira to 1 dollar.

BTW, I'm still wondering why UK go release Ibori to us andown seize Buhari INDEFINITELY

CBN firms naira..pfffff nonsense..Naira that is lose like Cossy's P---Y

Woow second to comment... STC

Change

What were PDP doing right that APC cannot understand?

seun and lalasticlala should stop putting up this
inconsequential,insignificant,ineffectual,immeasurable and irrelevant decline in the exchange rate. wait till it is at least 50% drop. all this 1% drop don't mean shiiiiiiiiiii!!!!!!!!!

BTW


i am waiting till When it is 7pm, when I will put on my agbada, wear shoe and cap, then say to myself " you are the minister of power" and put my gen on

And it will lose by #20

Na wen Naira Turn bwest wey dey firm

lalas

Open more forex, then watch dollar go "catapult" down as e catapulted up..

purpledferanmi1:
Woow second to comment... STC

4th you mean?

Firm @520?

A

confuse government confuse cbn confuse cabal ;Dconfuse government confuse cbn confuse cabal

k, seen.

Lmaoooo: Not because it's interesting or it's funny, that's how I laugh when I am hungry

It will be sabotaged again by cbn officials, banks and others

Please sell your dollar now.


Because this is the beginning of it depreciation...

purpledferanmi1:
Woow second to comment... STC

wake up

purpledferanmi1:
Woow second to comment... STC

u are forth though

520 loun loun

E go better

i cant even find five naira for here

Any positive effect on naira master card payment ?