LAGOS Dec 9 (FxMallam) The Nigeria Naira on Friday closed flat against the dollar at the parallel mark ending at N485 where it had traded all week.

The local currency had opened the week at N485 as against N480 last week.

The Naira also maintained stable outlook in both the interbank and BDC markets closing at N305 and N400 respectively.

The Naira however had positive movements against the Euro and the British Pound.

The Naira gained N1 against the Euro rising from N516 it traded on Thursday to close at N515 on Friday while gaining N6 to close at N602 from N608 against the British Pound.

A combination of lower demand for foreign exchange and anticipation of dollar flows from Nigerians living abroad who are expected to visit home during the December holidays are proposed as reasons for the slight movement of the beleaguered currency.

Trading will be closed on Monday as the Federal Government has declared the 12th of December as a public holiday to mark the Eid-El Maulud ( or the birth of Prophet Muhammad).

http://www.fxmallam.com/news/naira-steady-against-dollar-rebounds-slight-against-euro-and-pounds/

1naira =$1 so I was told

If you voted against Goodluck Jonathan in the 2015. Please state your reason. please don't lie to yourself any further."

Console yourself o

GEJ the hero of corruption. Please we want you to please come back.

So should we be celebrating that it gained 1naira ?

For sale at affordable price

What's d difference na d same thing jor.

Rebound kor, unbound ni. Abeg Buhari and his cohorts shud bow out if dollar can't be at par with naira as they promised.

485 and we are giving compliments.


We are not ashamed in this country. Later some unfortunate member of nairaland will come and do zombie.

D value of naira fell to this stage under d watchful eyes of PMB. Can any good thing come out of this administration?

Still on the high side

So you expect us to celebrate because it gain N5 and N1 differences?



This government don see us finish.

It's still doesn't make sense .

Ok but something seriously need to be done else by January 2017 it must be above #500,$1=#505 or more...which way Nigeria

naira will steady or gain 1 naira, then crash by 30 naira.




what's the point


sack that CBN governor.


Buhari sit up



didn't vote for for all these mess I see everyday

$1 in the range of #197-227 whether in the official or parallel market is all I'm asking for, Daura.dullard. I'm not asking for too much $1=#1) as you promised.

If you can't make life better for me through your policies, you can at least let me maintain my state. Imagine, how many international opportunities or transactions I've had to put on hold because of one man's idiocy and the docility of his supporters, while he and his entire household travel at will.

I've not tasted pepper this morning and am provoked to say this prayer on behalf of many suffering Nigerians. MAY THE WICKED NEVER KNOW PEACE AND MAY HIS DAYS/REIGN BE SHORT!

Ok

N1 to $1 ni
Election promises ko...

Their election promises be like lyrics sharp guy dey blow for one stand babe before the soft touch...

wait o, u mean i opened this tread just to be told Naira appreciate by 1 ??


still searching there must be something else av not yet read

God why? how can you allow this man to last up 2019!! do something now oooh!!
ngeneukwenu, omenka, Madridguy, dropshot, blackpanda, sarrki, obiage1i come and do una work oooh

Steady indeed ! By the time it hits N1,000, you will still be saying steady

Lol, it's pathetic to say the least that this is the new low we have found ourselves where we celebrate the naira's new found equilibrium at 485 to the dollar. Barely 18 months ago, it was less than half of this, yet sons of a gun thought it wise to bring in this government (and still celebrate their ignominy daily) .
Nigeria we hail thee, our own dear native land.