appreciate indeed. they should stop reminding us of dollar n naira ,since they can't return it to where they met it

Make e quickly reduce abeg

Naira- the only twerking currency.

metromediaboss:
Nigerian naira on Thursday appreciated by 2.13 per cent to close at 374 against the United States dollar at the parallel market as Central Bank of Nigeria, CBN intensify efforts to protect the value of the currency.

The currency maintained rate at 490 and 422 against the Pound sterling and Euro respectively at the black market segment.

At the official market, the naira depreciated by 0.02% against the dollar to close at N305.45 to a dollar while the Investors and Exporters foreign exchange Window rate opened at N380.44 and closed at N380.22 on the first today of June.


This development is coming as the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million.

A breakdown of Tuesday's interventions indicates that the Retail SMIS was allocated $285,779,350, while $100 million was offered in the Wholesale SMIS auction window.

The Small, Medium and Enterprises (SMEs) window got an allocation of $52 million, while the invisibles segment, comprising Basic Travel Allowance (BTA), Personal Travel Allowance, medicals and tuition fees, among others, was allocated $45 million

The acting Director, Corporate Communications at the CBN, Isaac Okorafor, had said that the interventions are in line with the CBN's resolve, echoed by the Governor, Godwin Emefiele, at last week's briefing of the Monetary Policy Committee (MPC) meeting

http://www.metronaija.com/2017/06/naira-appreciates-by-21-to-close-at-374.html

cc: lalasticlala mynd44

Wait till Buhari comes bak... The way the naira would depreciate on his return ehn, you would think it's on oil exploration...

Doesn't matter. Our naira is still trash.

Up Osinbanjo!
Down daura dullardo!!!

wolewolsz:
367 abokifx

that is if you have dollars and you want to get naira. if you want to buy dollars, it is N374.

burkingx:

#GIVE US BACK OUR YAM

#GIVE US BACK OUR YAM

ModsWillKillNL:
Speculators Modath and EgunMogaji wont like this!

ntoooorrrr

That you think Modath is a speculator says a lot about your intelligence level.

Typically, when the value of the naira appreciates, it appreciates across the fence. Pound and Euro held steady and the dollar fell by 10 naira in one day? That hasn't happened since March.

Osinbanjo just threw out $1.2b in two weeks and our reserve fell by another $0.5b, all because he wants to be associated with appreciating naira? And when Buhari comes back and does the rational thing of purposeful spending and the naira drifts back to its correct level at this point in time, the media would call it bad luck?

The reserve has fallen for the 23rd consecutive day, by this time next week it'd be a month. The first time since December last year. By this time next week, if oil holds steady, the reserve would fall to below $30b. And oil output is increasing, meaning steady rather than rising prices?

The investor window has held steady at 380-382 regardless of the spending, whereas the black market has fallen by 25 naira? Now who is manipulating the market?

SMES, Invisibles allocations have all reduced from above $80 - $100m to less than $50m.

Left with that reckless midget, we wouldn't have a reserve.

Buhari should hold on in the UK and let this guy fall into the hole he is digging so frantically.

-Lord

hirachy:
Please let no one(OP) make any post like this again .....just simply state the current rate of dollar to naira....how can u refer to #350+ rate as strength...?

its now 367 to a dollar

LordAdam16:


That you think Modath is a speculator says a lot about your intelligence level.

Typically, when the value of the naira appreciates, it appreciates across the fence. Pound and Euro held steady and the dollar fell by 10 naira in one day? That hasn't happened since March.

Osinbanjo just threw out $1.2b in two weeks and our reserve fell by another $0.5b, all because he wants to be associated with appreciating naira? And when Buhari comes back and does the rational thing of purposeful spending and the naira drifts back to its correct level at this point in time, the media would call it bad luck?

The reserve has fallen for the 23rd consecutive day, by this time next week it'd be a month. The first time since December last year. By this time next week, if oil holds steady, the reserve would fall to below $30b. And oil output is increasing, meaning steady rather than rising prices?

The investor window has held steady at 380-382 regardless of the spending, whereas the black market has fallen by 25 naira? Now who is manipulating the market?

SMES, Invisibles allocations have all reduced from above $80 - $100m to less than $50m.

Left with that reckless midget, we wouldn't have a reserve.

Buhari should hold on in the UK and let this guy fall into the hole he is digging so frantically.

-Lord

enemies of progress your comment would be dug out in future

then i wonder why Gtbank is charging me 399 for international transactions. Bank charging higher than Aboki.

1stimpression:
then i wonder why Gtbank is charging me 399 for international transactions.
Bank charging higher than Aboki.

Lol! Sorry Dear. Banks are our biggest problems. The monopolize the situation then strike us real hard.

NubiLove:


that is if you have dollars and you want to get naira. if you want to buy dollars, it is N374.

Thanks for the info bro. Guess I have always been interested in what aboki wants to pay me in naira

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LordAdam16:


That you think Mo.dath is a speculator says a lot about your intelligence level.

Typically, when the value of the naira appreciates, it appreciates across the fence. Pound and Euro held steady and the dollar fell by 10 naira in one day? That hasn't happened since March.

Osinbanjo just threw out $1.2b in two weeks and our reserve fell by another $0.5b, all because he wants to be associated with appreciating naira? And when Buhari comes back and does the rational thing of purposeful spending and the naira drifts back to its correct level at this point in time, the media would call it bad luck?

The reserve has fallen for the 23rd consecutive day, by this time next week it'd be a month. The first time since December last year. By this time next week, if oil holds steady, the reserve would fall to below $30b. And oil output is increasing, meaning steady rather than rising prices?

The investor window has held steady at 380-382 regardless of the spending, whereas the black market has fallen by 25 naira? Now who is manipulating the market?

SMES, Invisibles allocations have all reduced from above $80 - $100m to less than $50m.

Left with that reckless midget, we wouldn't have a reserve.

Buhari should hold on in the UK and let this guy fall into the hole he is digging so frantically.

-Lord

Very correct. The Baba wants to be associated with appreciation of the naira even if it costs the depletion of the foreign reserve. What some dry heads don't seem to understand is that all these dollars he keeps "injecting" were actually saved by Bubu himself. What I understand about Bubu is that he is not just a "politician", as in, his interest is more on doing what should be done rather than a political cosmetic approach with the consequence of totally grounding everything. If Bubu had been "injecting", what will Osibanjo be "injecting" now?