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FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 - Business - Nairaland

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Naira Appreciates To ₦‎1,280/$ At Parallel Market / Naira Appreciates To ₦‎1,382/$ After $7 Billion FOREX Settlement / Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window (2) (3) (4)

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FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Great100000: 12:58pm On Apr 28
After days of depreciation, the naira bounced back against the US dollar in the parallel market.

A Bureau De Change operator, Mistila Dayyabu, said in an interview with DAILY POST on Saturday that the naira appreciated to N1,300 per dollar from N1380 on Friday morning.

“We buy at N1,290 and sell at N1300 on Saturday evening due to demand concerns,” he said.

This represents a N80 gain against the dollar in a single day.

Meanwhile, at the close of Friday trading at the official market, FMDQ data showed that the naira traded at N1339.23 per dollar.

The naira has recorded losses for over a week despite the Central Bank of Nigeria’s intervention by releasing an additional $10,000 to legible Bureau De Change Operators at N1,021 to a dollar.

The Association of BDC, ABCON, recently revealed that it plans to harmonise a unified retail end of the foreign currency market to stabilise the naira against the dollar.

The Economic and Financial Crimes Commission, EFCC, recently arrested 34 suspected currency speculators for alleged foreign exchange fraud.

https://dailypost.ng/2024/04/27/forex-naira-appreciates-against-dollar-gains-n80/

13 Likes

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Richtaiwo: 1:00pm On Apr 28
Nothing is free, the road to success is a rough one. The rougher the road, the greater the success. No free lunch anywhere, even in Heaven. On front page now is the report of two cocaine criminals who want to take short route to success. The naira will recover, headless mobs can cry blood.

48 Likes 4 Shares

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by gaby(m): 1:03pm On Apr 28
grin grin

What a massive gain...

Wehdone Cardo and the Naira.... grin

19 Likes

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Nukilia: 1:06pm On Apr 28
grin grin

Can the government please solve the fuel crisis facing this country...?

6 Likes

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Zonefree(m): 1:09pm On Apr 28
Seems this Naira is an epileptic patient.

27 Likes 1 Share

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by beejaay: 1:10pm On Apr 28
Our naira has now become crypto with wide swings both side.. How can adequate goods pricing be done with galloping rates.. This is hurting the economy more than helping it.. Govt need to understand and realize the implication of this.. These swings are too violent for economy stability..

36 Likes 1 Share

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by lanre9ja(m): 1:13pm On Apr 28
We hope for more
Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by helinues: 1:13pm On Apr 28
Toh
Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by okosodo: 1:16pm On Apr 28
Naira is now doing tik tok because of cluelessness

22 Likes 2 Shares

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Amayanabo01: 1:31pm On Apr 28
750 before next week and more jokes.

1 Like

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Phranx1: 1:37pm On Apr 28
Ookay they hav added yaya bello skol fee loot to the country reserve right! Nice one e remain gandollar and you see further naira appreciation

18 Likes 3 Shares

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Savedday2: 1:38pm On Apr 28
This is great! By next week, it will be 900 and prices of goods will fall yakata!

1 Like 1 Share

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by KingKO22: 1:42pm On Apr 28
It's evidence that there are many forces striving to sink the economy of this country just because their Agulu fraudster lost election


One thing is certain, God shall prevail over this haters and enemies of Nigeria

46 Likes 3 Shares

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by KingKO22: 1:44pm On Apr 28
Phranx1:
Ookay they hav added yaya bello skol fee loot to the country reserve right! Nice one e remain gandollar and you see further naira appreciation

So $700k is enough for economy recovery? 😁😁😁

Obituary and his followers are clueless and dump

39 Likes 3 Shares

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by OAFMods: 1:45pm On Apr 28
The should not forget that of Peter Pandora Obi own as well to stabilize the naira.

Phranx1:
Ookay they hav added yaya bello skol fee loot to the country reserve right! Nice one e remain gandollar and you see further naira appreciation

2 Likes

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Melagros(m): 1:50pm On Apr 28
COMRADES the same medium tomorrow will tell us that CBN vault has depleted by three trillion Naira
Shame on tinubu his cronies and his supporters for these lies

5 Likes 1 Share

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Hndrrxxx(m): 1:58pm On Apr 28
Yhh
Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by tunjijones(m): 1:59pm On Apr 28
Naira is confused
Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Iyajison: 2:00pm On Apr 28
Why the much news about naira on this administration..

2 Likes

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Iyajison: 2:01pm On Apr 28
Okay

Let's hope it stays that way or depreciate back
Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Sheriman(m): 2:01pm On Apr 28
Hold your USDT close!

2 Likes

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Hezzyluv: 2:03pm On Apr 28
How many billion USD was injected in this time around
Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by otherway: 2:04pm On Apr 28
Audio gain.
Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Odin13: 2:05pm On Apr 28
Odumeje is back grin

Indaboaki ganduje

Make una Dey there dey look Tinubu and carb B

cool

11 Likes 2 Shares

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by CheapHomes1: 2:05pm On Apr 28
gaby:
grin grin

What a massive gain...

Wehdone Cardo and the Naira.... grin

tnx to Odumeje

1 Like

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by CheapHomes1: 2:07pm On Apr 28
KingKO22:
It's evidence that there are many forces striving to sink the economy of this country just because their Agulu fraudster lost election


One thing is certain, God shall prevail over this haters and enemies of Nigeria

who are the forces striving to sink the economy?

1 Like

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by AngelicBeing: 2:08pm On Apr 28
Richtaiwo:
Nothing is free, the road to success is a rough one. The rougher the road, the greater the success. No free lunch anywhere, even in Heaven. On front page now is the report of two cocaine criminals who want to take short route to success. The naira will recover, headless mobs can cry blood.
When you say headless mob l Know that you are indirectly saying that PAIN is that you, Haha 😂

3 Likes 1 Share

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by iyke2frankeze: 2:08pm On Apr 28
A step forward and 20 steps backwards.

1 Like

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by CheapHomes1: 2:09pm On Apr 28
KingKO22:


So $700k is enough for economy recovery? 😁😁😁

Obituary and his followers are clueless and dump


then how is your theory that the naira falling and the economy sinking is the because someone lost election better than the theory you are criticising above?

4 Likes

Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Benjaniblinks(m): 2:09pm On Apr 28
undecided
Re: FOREX: Naira Appreciates Against Dollar, Gains ₦‎80 by Donaldoni: 2:11pm On Apr 28
I posted this on Friday and a l*nat*c deleted it angry

Bad news for piiiiggs cheesy

2 Likes 1 Share

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