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Nairaland Forum / Nairaland / General / Business / Naira Appreciates To N498/$ As Reserves Hit $28.3bn (8557 Views)
Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs / Naira Watch: Naira Appreciates To N420/$ / Naira Appreciates To N455/$ As External Reserves Hit $30bn (2) (3) (4)
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by flyca: 7:36am On Feb 08, 2017 |
Tinbu addressed protesters telling them that they have nothing to do with the skyrocketing exchange rates after all salaries are being paid in naira and they are not importers. Craze man! ![]() 2 Likes |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by chuksjuve(m): 7:36am On Feb 08, 2017 |
500 / 498.. And this is the goodnews? Nawaoooo Meanwhile We offer the best in Horticulture, Landscape and Garden beautifications/ services We add value to your real estate property/ projects For more check my signature or call/ text/ chat us on 08176022315 Chukkyconcepts Landscape & Beautifications Beyond just planting flowers: we bring nature closer to you |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by airminem(f): 7:37am On Feb 08, 2017 |
Evidence Of Bad Governance And Economy Direction Failure. |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by shamecurls(m): 7:37am On Feb 08, 2017 |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by ridwan4u(m): 7:41am On Feb 08, 2017 |
In DOGARA voice we are progress. useless ppl. In DOGARA voice we are progress. useless ppl. ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by egbabiekperemo1: 7:43am On Feb 08, 2017 |
Zombies should wake me up when its 1dollar to 1 naira ![]() |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 7:45am On Feb 08, 2017 |
Stewpid celebration of crass mediocrity!...nig. is fast heading south! |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 7:47am On Feb 08, 2017 |
shamecurls: That didn't answer my question. |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 7:49am On Feb 08, 2017 |
lifter1000: That can only happen when a people love themselves more than they love their country. |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by martineverest(m): 7:50am On Feb 08, 2017 |
SmartMugu:when u study science or engineering,u will know that that difference of 2 can kill millions |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 7:51am On Feb 08, 2017 |
shamecurls: Well said. 1 Like 1 Share |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by BlackSeptember: 7:55am On Feb 08, 2017 |
shamecurls: 1 Like
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Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by bilulu(m): 7:57am On Feb 08, 2017 |
emmanwandud:always praising their own even wen he has done nothing..... not until d exchange rate goes back to were it was I don't see any effort 2 Likes |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 7:57am On Feb 08, 2017 |
dammy13: Ogbeni no dey post dis kind news here again..... na like dis exchange rate be last 3years wey u dey talk say good news!!!!! see dem people with mediocre minds 2 Likes |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 7:58am On Feb 08, 2017 |
shamecurls: You and your type are the problem of this country |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Doyin2(m): 7:59am On Feb 08, 2017 |
Stupid reportage! The official market rate is N315 to the dollar.The volumes traded at this official market rate is far more than the illegal black market. I just wonder why it is only in Nigeria useless journalists report illegal black market rates. The media is a major part of the problems of this country.Availability of information is a key factor to any market success,legal or illegal.Once the information on the illegal black market rate is not readily available,the market would crash at once! But unfortunately,the black market rate is always hitting the headlines. What a country! ![]() |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by shamecurls(m): 8:00am On Feb 08, 2017 |
Pidgin2: How? |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 8:03am On Feb 08, 2017 |
Pidgin2: Leave the mumu make him too dey reason like him party leaders 2 Likes |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 8:06am On Feb 08, 2017 |
shamecurls: What has this administration done that is worthy of the praise you are posting all over the place? |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by onatisi(m): 8:06am On Feb 08, 2017 |
seunlayi:Did u read the article at all or u just read the headline? |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by SmartMugu: 8:10am On Feb 08, 2017 |
martineverest:Can you approximate 498 differently? Can we compare speed for a moment - like how fast the rates went up to 500 vs how slow it came down just 2 units. In my opinion, naira has more tendency to continue declining irrespective of the retracement mentioned. To your comment, yeah I do understand science and eng, one of my first degrees is in engineering. |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 8:12am On Feb 08, 2017 |
shamecurls: Sarcasm |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by shamecurls(m): 8:17am On Feb 08, 2017 |
Pidgin2: Security- Boko-Haram is been brought to there knees like never before and the NAF is better equipped and up to the challenge. Economy-Despite the all time low of Crude oil, The administration has tried all its possible best to sustain the economy through diversification into agriculture and even to the extent of bailing out States. TSA Implementation inclusive. Corruption- That i need not right much about, Its glaring to all. Please re this not enough fits to give kudos to an administration thats less than 24 months? |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by shamecurls(m): 8:18am On Feb 08, 2017 |
udemzy101: You have utmost right to your opinion! |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by HENRY940: 8:20am On Feb 08, 2017 |
Every spirit "one step forward, two steps back, Die ! |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by plamonee: 8:20am On Feb 08, 2017 |
According to the report, " not the increase in external reserve that matters but the supply to the market". My question is, should we empty our reserve so as to have enough to supply to the market? Of course no. The major cause of this naira nosedive is our unbridled demand for foreign made goods. Have nothing against someone raising his standard by preferring foreign product. My qualms is with the importers, industrialist, manufacturers and relevant government agencies charged with policy, planning and regulatory functions. Can we not take statistics of various products being imported, organise it into a proposal and approach the manufacturers for the need to produce in Nigeria. Or even our importers to transform to manufacturers by producing the basic things that does not require sophisticated technology. I think many of our leaders are lazy and want quick profit. Custom should continue to be alive to their responsibility of enforcing ban products. Also government should develop more trade partners with countries that can transfer technology. Looking at the whole picture it will take a long time for the naira to recover unless something is done to our taste and preferences. |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 8:25am On Feb 08, 2017 |
terrezo2002: No offence, but believe in something else |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Omeokachie: 8:29am On Feb 08, 2017 |
Should we pop champaigne? What was the value 2years ago? |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by genesishouse: 8:30am On Feb 08, 2017 |
Hi, May be you need to know some of the realities on ground. 1. CBN can not meet the demand for FX in Nigeria. 2. the locals rely on the black market to finance items they cannot do through the official window. 3. if you are travelling today how many banks in Nigera are currently selling PTA/BTA 4. When you dont meet demand for any commodity the consumers will source for alternative market/window. 5. whether they post info about black market rate or not the rate will always go high since CBN cannot meet the demand for dollars. 6. We need good economic team to take us of this mess and not te medicores we are having now. Doyin2: |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 8:38am On Feb 08, 2017 |
shamecurls: I repeat people like you have succeeded in destroying this country. Continue, after all your own children will also only hear about Nigeria in history books 1 Like |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Clone2020(m): 9:08am On Feb 08, 2017 |
If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 420/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 375/$ with fees and the exchange rate drops to around 345/$. See my contact below. |
Re: Naira Appreciates To N498/$ As Reserves Hit $28.3bn by Nobody: 9:32am On Feb 08, 2017 |
whats the difference btw that and 500? |
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