Naira Bounces Back After Days In Recession - Business - Nairaland
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| Naira Bounces Back After Days In Recession by lamzybaby: 9:27am On Sep 06, 2016 |
NAIRA opened strong on Monday, recovering from last week’s record low of N425 per dollar at the parallel market. The interbank market also experienced a strengthening of the local currency from 315.25 on Friday to 310 to the dollar at about 11am in Lagos. As at 2pm, the naira was trading at 314.75 to the dollar at the interbank market. At the parallel market, the naira was trading at 422, 535 and 462 to the dollar, pound and Euro at the parallel market on Monday morning. Following the official confirmation of Nigeria’s recession by the National Bureau of Statistics, NBS, the naira dipped to 425 to the dollar at the parallel market. Read more: http://nigerianpilot.com/naira-bounces-back-days-recession/ |
| Re: Naira Bounces Back After Days In Recession by trapQ: 9:30am On Sep 06, 2016 |
Lol 1 Like |
| Re: Naira Bounces Back After Days In Recession by Boleyndynasty2(f): 9:31am On Sep 06, 2016 |
 |
| Re: Naira Bounces Back After Days In Recession by villareal15(m): 9:32am On Sep 06, 2016 |
     Hit the like button if you think these smileys are the best things about NL. 1 Like |
| Re: Naira Bounces Back After Days In Recession by bentlywills(m): 9:33am On Sep 06, 2016 |
425? |
| Re: Naira Bounces Back After Days In Recession by Fedayeen02: 9:34am On Sep 06, 2016 |
Any idiot that comes here to celebrate between this Six and Half a Dozen will be shot 1 Like |
| Re: Naira Bounces Back After Days In Recession by ProfessorPeter(m): 9:36am On Sep 06, 2016 |
Nonsensical nonsense 1 Like |
| Re: Naira Bounces Back After Days In Recession by ificatchmodeh: 9:47am On Sep 06, 2016 |
No fit shout |
| Re: Naira Bounces Back After Days In Recession by ministeriallist: 10:34am On Sep 06, 2016 |
We are enjoying the change. Who will salvage our economy PDP and APC have failed. Why not vote for me come 2019 as President so that I can solve our economic problems. Well, let me contact my village people for advice first. |
| Re: Naira Bounces Back After Days In Recession by GMBuhari: 10:50am On Sep 06, 2016 |
God is on our side and we pray things will get better with less saboteurs |
| Re: Naira Bounces Back After Days In Recession by cybug: 10:52am On Sep 06, 2016 |
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| Re: Naira Bounces Back After Days In Recession by abhosts(m): 10:53am On Sep 06, 2016 |
How is 422 from 425 a bounce? At this time last month dollar was 360 so a bounce should return it to that value. |
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