There are indications that the Nigerian naira will continue to post rapid recovery next week after gaining a whopping 12.36 % gain in one week.
The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last one week.

The News Agency of Nigeria reports that the Naira traded at N440 last Monday while it closed at N390 to the dollar on Friday.

In the week under review, experts commended the Central Bank of Nigeria (CBN) for its intervention at the foreign exchange market, but appealed to the apex bank to eliminate the multiple rates in the market.

As the Naira continues to appreciate, experts say it is necessary for the CBN to adjust applicable rates in different segments of the market in the overall interest of the economy.

Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), said CBN-licenced BDCs incurred regulatory losses of N130 million in the week under review.

Gwadabe said that the losses came from the CBN’s disparity in applicable exchange rates among players in the market.

According to him, the public has refused to buy foreign exchange from BDCs for invisibles such as medicals, school fees, and personal and business travel allowances at a rate above N375 to the dollar.
The financial expert urged the CBN to promptly address the issue.

The CBN had injected over 1.5 billion dollars to the interbank market since it started its intervention in February.

http://www.emmanuelbabatunde.com/2017/03/nigerian-naira-records-1236-gain-in-one.html

lalasticlala, puskin, naijacutee, dominique.

Noted

We are eagerly waiting for fall of prices of goods.

Yet with all these improvements, there are still no meaningful drop in prize of commodities.. Who is deceiving who? Almost everyone is corrupt .

Abeg, the prices of phones should come down fast o. I dey eye one infinix like dat

plavic:
Yet with all these improvements, there are still no meaningful drop in prize of commodities.. Who is deceiving who? Almost everyone is corrupt .

You are deceiving ur self, so u expect it to quickly reflect on prices because does selling commodities are running charity organizations in this country. Common sense ought to tell dey will keep selling above cost price which they bought as at wen dollar was higher.

plavic:
Yet with all these improvements, there are still no meaningful drop in prize of commodities.. Who is deceiving who? Almost everyone is corrupt .

you Know Nothing. U Expect D Prices To Change Immediately? Hmmm Change Oh

acenazt:
you Know Nothing. U Expect D Prices To Change Immediately? Hmmm Change Oh

Your brain is in your buttocks. Hence this nonsense you spewed.. When the naira fell, wasn't the effect instantaneous? Olodo Rabata.

Sunnick:

You are deceiving ur self, so u expect it to quickly reflect on prices because does selling commodities are running charity organizations in this country. Common sense ought to tell dey will keep selling above cost price which they bought as at wen dollar was higher.

You are high on decomposed excrement.. I'm saying whole salers are still selling at a price far above how much they bought it and you are here singing lagbaja.

plavic:


Your brain is in your buttocks. Hence this nonsense you spewed.. When the naira fell, wasn't the effect instantaneous? Olodo Rabata.

wiseman i hail.