Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,659 members, 7,979,241 topics. Date: Saturday, 19 October 2024 at 02:10 AM |
Nairaland Forum / Nairaland / General / Business / Naira Gains On Liquidity Boost (13693 Views)
Naira Gains On Better Than Expected Economic Growth / Naira Gains On Fresh Dollar Supply, Now 390/dollar / Naira Gains On Parallel Market For Four Consecutive Days, Now N480/$ (2) (3) (4)
Naira Gains On Liquidity Boost by Truth234(m): 4:17am On Oct 28, 2016 |
The Nigerian Naira gained against the US dollar on Thursday after dollar scarcity forced it to trade lower on Wednesday. The local currency improved N5 to close at N465 at the parallel market, from N470 it traded on Wednesday. While both the Pound Sterling and the Euro exchanged at N565 and N505 respectively. At the interbank market, the Naira gained N1.78 from N306.78 it traded on Wednesday to close at N305 to a US dollar, while the Bureau De Change operators exchange at N385. Experts have said the currency appreciated as Bureau De Change operators await the sale of dollars from Travelex, a CBN licenced international forex dealer. “The Naira would appreciate further by the close of trading when BDCs would have all gotten their weekly Forex allocation from Travelex,” said Mr. Harrison Owoh, The Chief Executive Officer of H.J Trust. The currency, which weakened on Wednesday following the dollar scarcity in the forex market, is expected to continue its recovery trajectory due to liquidity boost on the market. Meanwhile, the Iraq has asked for an exemption from OPEC production cut similar to what Nigeria and Libya are likely to get, citing the on-going ISIS war in its country. This, among others, is the huddles likely to hinder the almost a decade success of OPEC institution. A foreign exchange, research analyst at Investors King Ltd., Samed Olukoya said “Once OPEC members reach a consensus on production cut, the issue of liquidity should be addressed.” Currently, the Brent crude is up 48 cents to trade at $50.47 a barrel. http://investorsking.com/naira-gains-on-liquidity-boost/
|
Re: Naira Gains On Liquidity Boost by straneur(m): 6:58am On Oct 28, 2016 |
We are getting there 7 Likes |
Re: Naira Gains On Liquidity Boost by Nobody: 8:44am On Oct 28, 2016 |
Re: Naira Gains On Liquidity Boost by Nobody: 8:45am On Oct 28, 2016 |
The little Economics I studied informed me that value is created by scarcity. I also read that one of the qualities of good money is its relative scarcity. When billions of naira,earmarked for certain projects,has a high percentage diverted into the pockets of corrupt people in power and the remaining given to non performing contractors,it weakens the naira. There is great hope for Nigeria since the law is becoming more active and accountability in public offices is investigated. 16 Likes 2 Shares |
Re: Naira Gains On Liquidity Boost by LecciGucci: 8:45am On Oct 28, 2016 |
Trash 1 Like |
Re: Naira Gains On Liquidity Boost by WalkerMichael(m): 8:45am On Oct 28, 2016 |
That awkward moment when after rushing to book space, you suddenly realize you don't have any meaningful thing to say. Anyway let me use this opportunity to beg you guys for likes. I know this is childish and that I have grown past this. I won't lie that today is my birthday- just like others do. It's just that i have this irresistible urge and would like to know that people still care about other peoples feelings. May whatever you worship bless and protect you and your family as you like this post. Thanks and God bless you and your family. Once more, don't say im distubing you. Please click like. Thanks once again. Please I'm on my knees begging, it won't cost you anything just to click on that like. Pulease. 165 Likes 1 Share |
Re: Naira Gains On Liquidity Boost by Slimpotter(m): 8:45am On Oct 28, 2016 |
interesting |
Re: Naira Gains On Liquidity Boost by Pope22(m): 8:46am On Oct 28, 2016 |
N5 |
Re: Naira Gains On Liquidity Boost by MadCow1: 8:46am On Oct 28, 2016 |
What is liquid naira? |
Re: Naira Gains On Liquidity Boost by wheesin(m): 8:46am On Oct 28, 2016 |
5 naira gain.. this govament will not kii me 7 Likes
|
Re: Naira Gains On Liquidity Boost by EngrZiri(m): 8:46am On Oct 28, 2016 |
this is good |
Re: Naira Gains On Liquidity Boost by Lilimax(f): 8:48am On Oct 28, 2016 |
MadCow1: |
Re: Naira Gains On Liquidity Boost by Goldenheart(m): 8:48am On Oct 28, 2016 |
Naira no gain anything na 1 Like |
Re: Naira Gains On Liquidity Boost by Akinwerndey: 8:48am On Oct 28, 2016 |
Next news pls |
Re: Naira Gains On Liquidity Boost by vRendoh(m): 8:48am On Oct 28, 2016 |
The local currency improved N5 to close at N465 at the parallel market, from N470 it traded on Wednesday Bros? 1 Like |
Re: Naira Gains On Liquidity Boost by SamuelAnyawu(m): 8:48am On Oct 28, 2016 |
Okay |
Re: Naira Gains On Liquidity Boost by Lilimax(f): 8:49am On Oct 28, 2016 |
Which gain? Until they return the exchange rate to $1 = 200 naira, no work done 11 Likes |
Re: Naira Gains On Liquidity Boost by realglobe: 8:49am On Oct 28, 2016 |
the naira gained because of high dollar scarcity? lol... intereting |
Re: Naira Gains On Liquidity Boost by cosmatika(m): 8:50am On Oct 28, 2016 |
We need Solidity boost too |
Re: Naira Gains On Liquidity Boost by Lilimax(f): 8:50am On Oct 28, 2016 |
WalkerMichael:See ya life But I don dash you one like sha. 1 Like |
Re: Naira Gains On Liquidity Boost by Olasco93: 8:50am On Oct 28, 2016 |
Re: Naira Gains On Liquidity Boost by PoliticalThuG(m): 8:50am On Oct 28, 2016 |
Hmmm What A Gain |
Re: Naira Gains On Liquidity Boost by sammyj: 8:51am On Oct 28, 2016 |
This can only get better!! |
Re: Naira Gains On Liquidity Boost by Yinkatolu: 8:51am On Oct 28, 2016 |
Gain or Cane |
Re: Naira Gains On Liquidity Boost by pat1612(m): 8:52am On Oct 28, 2016 |
Illusion created by cbn.actual ground reality is different Heading 1$=500 plus before end of nov 1 Like |
Re: Naira Gains On Liquidity Boost by Flets: 8:52am On Oct 28, 2016 |
Absolute Balderdash $1 = 468 naira at this time and someone is talking about gains. Again, absolute rubbish!!! |
Re: Naira Gains On Liquidity Boost by Tyocsyn: 8:52am On Oct 28, 2016 |
Waiting for when it will appreciate to N1 - $1 as promise. 1 Like |
Re: Naira Gains On Liquidity Boost by falcon01: 8:52am On Oct 28, 2016 |
lol |
Re: Naira Gains On Liquidity Boost by Chukzyfcb(m): 8:52am On Oct 28, 2016 |
rubbish news. so Nigerians should rejoice that 1dollar is now 460 naira or what? 1 Like |
Re: Naira Gains On Liquidity Boost by oluangelkay(f): 8:55am On Oct 28, 2016 |
Abeg who knows how much Medical Visa to India cost? I have been invited for visa interview, let me know how much am coming to Lagos with. Please quote ehile replying. Thanks alot |
Re: Naira Gains On Liquidity Boost by Nobody: 8:55am On Oct 28, 2016 |
All this lucozade boost that is not bring money to my pocket is just nonsense... I know i'll still celebrate this year by God's grace |
Re: Naira Gains On Liquidity Boost by Adaanna(f): 8:57am On Oct 28, 2016 |
God will only depend on u cos u are the unchangeable changer. |
5 Benefits Of Being An Entrepreneur / CBN To Monitor Dubious Bank Customers / Nigeria To Get First Gold Refinery In Ogun
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 19 |