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Nairaland Forum / Nairaland / General / Business / Naira Strengthens To ₦1173 At Official Market (21236 Views)
Naira Strengthens To 1,339.33/$ At Official Market / Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market / Naira Continues Recovery, Strengthens To ₦950 (2) (3) (4)
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Naira Strengthens To ₦1173 At Official Market by ryloy: 10:38am On May 29 |
Naira yesterday surged to a new height of N1,173.88 at the official while appreciating slightly to N1,480 as against N1,500 it was on Monday at the unofficial market. https://guardian.ng/news/naira-strengthens-to-n1173-at-official-market/ 11 Likes
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Re: Naira Strengthens To ₦1173 At Official Market by alanto: 10:47am On May 29 |
For real? 10 Likes |
Re: Naira Strengthens To ₦1173 At Official Market by Ofunaofu: 10:48am On May 29 |
Tinubu's first year anniversary abracadabra 52 Likes 3 Shares |
Re: Naira Strengthens To ₦1173 At Official Market by Paraman: 10:49am On May 29 |
700/$ before the end of July 22 Likes 2 Shares |
Re: Naira Strengthens To ₦1173 At Official Market by Ebukamatth(m): 11:00am On May 29 |
It took a million lives to build this country called Nigeria But It took one stupid fool to destroy everything in one year 98 Likes 2 Shares |
Re: Naira Strengthens To ₦1173 At Official Market by tunjijones(m): 11:00am On May 29 |
Wonder why it keeps going up and down. I know some people don't like this news. 55 Likes 2 Shares |
Re: Naira Strengthens To ₦1173 At Official Market by educatedfool: 11:01am On May 29 |
really 1 Like |
Re: Naira Strengthens To ₦1173 At Official Market by kambili999(f): 11:01am On May 29 |
Anniversary Abracadabra 31 Likes 2 Shares |
Re: Naira Strengthens To ₦1173 At Official Market by flourish01(m): 11:01am On May 29 |
Ok |
Re: Naira Strengthens To ₦1173 At Official Market by ClearFlair: 11:01am On May 29 |
Ofunaofu: lol 8 Likes |
Re: Naira Strengthens To ₦1173 At Official Market by Parydelegate: 11:01am On May 29 |
Click LIKE if you are happy with this news 😀 😊 Click SHARE if you feel otherwise 😔 😟 Sell those dollars now... 2 Likes 3 Shares |
Re: Naira Strengthens To ₦1173 At Official Market by SpecialAdviser(m): 11:01am On May 29 |
Before evening you will hear a different story . Just wait 21 Likes |
Re: Naira Strengthens To ₦1173 At Official Market by CatchMeIfUCanMO: 11:01am On May 29 |
Story Story!! Most importers use parallel market price and again the rate of custom duty is also to be considered. If I say PRO and you say PA and another man say GANDA, na you sabi. 21 Likes 1 Share |
Re: Naira Strengthens To ₦1173 At Official Market by Bacteriologist(m): 11:01am On May 29 |
The unified exchange rate has been deunified. Or why are we having such spread between official and black market rate? APC Tinubu and Voodoo economics are like 5 and 6 ![]() 34 Likes 2 Shares
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Re: Naira Strengthens To ₦1173 At Official Market by Afonjacoward: 11:02am On May 29 |
Artificial remedy 3 Likes |
Re: Naira Strengthens To ₦1173 At Official Market by ClearFlair: 11:02am On May 29 |
Paraman: Naso 8 Likes |
Re: Naira Strengthens To ₦1173 At Official Market by Houseofglam7(f): 11:02am On May 29 |
🤭 |
Re: Naira Strengthens To ₦1173 At Official Market by Femich18(m): 11:02am On May 29 |
Hmmm. How true is this? |
Re: Naira Strengthens To ₦1173 At Official Market by Heffalump(m): 11:02am On May 29 |
I've never seen a country like Nigeria that loves the dollars more than the Americans that own it. We adore another country's currency as if our lives depended on it, and if not we all die! I've been to other African countries and you don't see them speak much about the dollars. Who did this to us? ![]() 26 Likes 1 Share |
Re: Naira Strengthens To ₦1173 At Official Market by Damseldammie(f): 11:03am On May 29 |
I hardly believe this ooooh 2 Likes 1 Share |
Re: Naira Strengthens To ₦1173 At Official Market by SmartyPants(m): 11:03am On May 29 |
While this is good news, there was no data or any recognisable fundamentals either from the Central Bank of Nigeria or the Ministry of Finance to justify the latest upward surge. lol. People just write without having a clue what they are talking about. Last week the MPR was raised again - this should always trigger fresh forex inflow which should then depress the USD exchange rate for a while. 4 Likes |
Re: Naira Strengthens To ₦1173 At Official Market by Emu4life(m): 11:03am On May 29 |
Which kind Magic be dz? From 1500+ to 1170...... Well, it's a good news. 3 Likes |
Re: Naira Strengthens To ₦1173 At Official Market by Ofunaofu: 11:03am On May 29 |
Paraman: You said it before and it crashed back to 1500/$ Don't get worked up on this first year anniversary abracadabra 8 Likes |
Re: Naira Strengthens To ₦1173 At Official Market by Lanre4uonly(m): 11:04am On May 29 |
Ok, noted. |
Re: Naira Strengthens To ₦1173 At Official Market by Paraman: 11:04am On May 29 |
Ofunaofu:You also said it will become 2000/$, but it didn't. 700/$ before the end of July 11 Likes 1 Share |
Re: Naira Strengthens To ₦1173 At Official Market by SmartyPants(m): 11:05am On May 29 |
Bacteriologist: Because one leads and the other follows after a short adjustment period. I think that's fairly obvious. |
Re: Naira Strengthens To ₦1173 At Official Market by GreaterFuture(m): 11:05am On May 29 |
I sense some Unique, Reversely Unique Opportunities with this, buy I can't pin to or Finger one in particular yet, but I'm certian some things would available with this situation. People would be making money one way or the other, with this situation, but I don't know Do you know any? Can you share or explain EDITED Error. I thought the BLACK MARKET rate was better/lower than OFFICIAL Rate, like it was some weeks ago. I misread, processed the whole thing wrongly in my mind. |
Re: Naira Strengthens To ₦1173 At Official Market by ThatFairGuy1: 11:05am On May 29 |
H |
Re: Naira Strengthens To ₦1173 At Official Market by busomma: 11:05am On May 29 |
Old story |
Re: Naira Strengthens To ₦1173 At Official Market by pacesetting: 11:06am On May 29 |
That's because it keeps going up and down, just like you are wondering. You don't understand the impact of these fluctuations on business people, do you? tunjijones: 3 Likes |
Re: Naira Strengthens To ₦1173 At Official Market by Sirkingsnado: 11:06am On May 29 |
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Re: Naira Strengthens To ₦1173 At Official Market by ChybuzzDD(m): 11:07am On May 29 |
Paraman: Based on what exactly ![]() Most of you propagandists and praise-singers don't read at all. "While this is good news, there was no data or any recognisable fundamentals either from the Central Bank of Nigeria or the Ministry of Finance to justify the latest upward surge". 6 Likes |
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