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Nairaland Forum / Nairaland / General / Business / Naira Extends Gains As Dollar Glut Hits Market (30251 Views)
Naira Gains As Politicians Pump ‘election Dollars’ Into Economy / Naira Gains As CBN Injects $210m Into FX Market / Naira Strengthens To N435/$ On CBN Dollar Glut (2) (3) (4)
Naira Extends Gains As Dollar Glut Hits Market by ijustdey: 7:28am On Apr 21, 2017 |
• CBN revises documentation requirements to boost trade Chika Amanze-Nwachuku in Lagos and Obinna Chima in Washington D.C. https://www.thisdaylive.com/index.php/2017/04/21/naira-extends-gains-as-dollar-glut-hits-market/ lalasticlala |
Re: Naira Extends Gains As Dollar Glut Hits Market by HungerBAD: 7:28am On Apr 21, 2017 |
Nice. Good News from the Government of Buhari. To the writer below me,please be patient. The $ will soon be N120 by the time we finish locating all the Dollars your hero Jonathan and his 40 Thieves Stole. We just recovered $43 Million. So be patient. 69 Likes 5 Shares |
Re: Naira Extends Gains As Dollar Glut Hits Market by RIPEnglish: 7:40am On Apr 21, 2017 |
Still rubbish, brought it back to how you met it on 140 for 1 dollars. 23 Likes 2 Shares |
Re: Naira Extends Gains As Dollar Glut Hits Market by CuteCeo: 7:40am On Apr 21, 2017 |
Issokay |
Re: Naira Extends Gains As Dollar Glut Hits Market by olujastro: 7:40am On Apr 21, 2017 |
Let me use this medium to school the not-so-smart brains in the CBN on how to force down the black market rate really close to the official value of the $ which is 306 once and for all. 1. As the CBN is giving Nigerians fx at 360 for overseas fees, PTA/BTA, manufacturers, etc. the black market cannot go below 365. The CBN should gradually reduce their rate for these invisibles to say 315 till they achieve a black market rate of say 320. 2. The CBN should never officially devalue the naira which is my suspicion at the moment. Wait till we become a somewhat productive economy and have lesser import demands(petroleum products and rice) after year 2020 to float the naira. Instead of further unnecessary devaluation, float the currency now instead. 3. Lastly, as oil price is still around $50-55bbl, use a 50/50 approach to continually increase the foreign reserves and give out fx to Nigerians who genuinely need it. 17 Likes 1 Share |
Re: Naira Extends Gains As Dollar Glut Hits Market by tstx(m): 7:41am On Apr 21, 2017 |
okay |
Re: Naira Extends Gains As Dollar Glut Hits Market by amanikondo: 7:41am On Apr 21, 2017 |
$$$ is unstable like relationships. 5 Likes
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Re: Naira Extends Gains As Dollar Glut Hits Market by sankky: 7:41am On Apr 21, 2017 |
Ok From N216 per dollar before this govt of many presidents came in, to N380/$. Next week we hear it has lost N50 to the dollar and so on and so forth. Back and forth story. The funny thing is, you will hear the unscrupulous BMC internet crooks pretentiously hail this. This govt's argument that if they had not come to power, naija would have been worse off is analogous to this my story: MR JOHN IS TRAVELING FROM LAGOS TO ABUJA IN A PUBLIC BUS. HALF-WAY INTO THE JOURNEY WHICH HAD SO FAR GONE SMOOTHLY WITH NO ACCIDENTS OR TRAUMAS TO ANY PASSENGER, ANOTHER DRIVER COMES IN AND TAKES CONTROL OF THE STEERING WHEEL WITH THE ARGUMENT THAT HE CAN DRIVE BETTER THAN THE FIRST DRIVER. SO, THE JOURNEY CONTINUED WITH THE SECOND DRIVER WHO CLAIMED TO KNOW HOW TO DRIVE MUCH BETTER BEING IN CHARGE OF THE WHEELS. SOMEWHERE ALONG THE ROAD, HE HAS AN ACCIDENT WHICH CAUSED A LOT OF CASUALTIES AND INJURIES TO THE PASSENGERS. AS THE PEOPLE WAILED, HE TELLS THEM HOW LUCKY THEY WERE TO HAVE HIM AS THE DRIVER AT THE VERY TIME THE ACCIDENT HAPPENED BECAUSE HAD IT BEEN THE FIRST DRIVER WAS IN CHARGE, THE ACCIDENT WOULD HAVE BEEN MUCH MORE DEADLY. THIS IS THE ARGUMENTS AND LOGIC THAT THE BMCs ARGUE DAILY ALL OVER THE INTERNET. 49 Likes 3 Shares |
Re: Naira Extends Gains As Dollar Glut Hits Market by Nobody: 7:42am On Apr 21, 2017 |
Are there still dollar hoarders? 4 Likes |
Re: Naira Extends Gains As Dollar Glut Hits Market by MrGreenMavro: 7:42am On Apr 21, 2017 |
Re: Naira Extends Gains As Dollar Glut Hits Market by orlarbissy(f): 7:42am On Apr 21, 2017 |
Hmmmmmmmmm |
Re: Naira Extends Gains As Dollar Glut Hits Market by TeflonBlixx: 7:43am On Apr 21, 2017 |
Economics isn't my forte, so. . . I reserve this space for Economics gurus. . |
Re: Naira Extends Gains As Dollar Glut Hits Market by Ogbehadanyel(m): 7:44am On Apr 21, 2017 |
ijustdey: |
Re: Naira Extends Gains As Dollar Glut Hits Market by crispinkc(m): 7:44am On Apr 21, 2017 |
Good but still insignificant compared to what it was b4 but then at least we are moving forward. 1 Like |
Re: Naira Extends Gains As Dollar Glut Hits Market by paddybrown(m): 7:44am On Apr 21, 2017 |
nice one.....we will soon be there |
Re: Naira Extends Gains As Dollar Glut Hits Market by 1metre: 7:45am On Apr 21, 2017 |
PapiSmith:getting one dollar to one naira with skyrocketed prices of commodity is rubbish. 2 Likes |
Re: Naira Extends Gains As Dollar Glut Hits Market by henrimoto(m): 7:45am On Apr 21, 2017 |
RIPEnglish:0ga, bi sincere for once. Se na #140 per dollar Buharia meet the thing? 7 Likes 1 Share |
Re: Naira Extends Gains As Dollar Glut Hits Market by clems88(m): 7:45am On Apr 21, 2017 |
If it like let it gain or reduce . all I know is that MTN is still 110 in my area 1 Like |
Re: Naira Extends Gains As Dollar Glut Hits Market by ise82(m): 7:46am On Apr 21, 2017 |
God bless Nigeria |
Re: Naira Extends Gains As Dollar Glut Hits Market by mikeycharles(m): 7:46am On Apr 21, 2017 |
That's not good enough |
Re: Naira Extends Gains As Dollar Glut Hits Market by RIPEnglish: 7:48am On Apr 21, 2017 |
henrimoto:how much 1 Like |
Re: Naira Extends Gains As Dollar Glut Hits Market by clems88(m): 7:48am On Apr 21, 2017 |
paddybrown:ofcos by 2070 I guess 5 Likes |
Re: Naira Extends Gains As Dollar Glut Hits Market by olaezebala: 7:49am On Apr 21, 2017 |
I still never fill the impact sha o 1 Like |
Re: Naira Extends Gains As Dollar Glut Hits Market by Realdeals(m): 7:50am On Apr 21, 2017 |
They should allow us to use Naira MasterCard for online transactions even if it will be capped at $300/month. 6 Likes |
Re: Naira Extends Gains As Dollar Glut Hits Market by iykepromotions: 7:50am On Apr 21, 2017 |
Getting interesting... Hope this will reflect in the prices of goods and commodities outside there. |
Re: Naira Extends Gains As Dollar Glut Hits Market by smartty68(m): 7:52am On Apr 21, 2017 |
All I've got to say for now is... 1 Like
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Re: Naira Extends Gains As Dollar Glut Hits Market by championer: 7:57am On Apr 21, 2017 |
That was how we were happy when it was coming down, next thing we know it returned to 410 to 1dollar. Please let's stop celebrating their mess that they are trying to clean. 3 Likes 1 Share |
Re: Naira Extends Gains As Dollar Glut Hits Market by aragon4realz(m): 8:00am On Apr 21, 2017 |
Nigerian economy needs and over dose of this injection into its buttocks,like if you concur 1 Like |
Re: Naira Extends Gains As Dollar Glut Hits Market by jericco1(m): 8:00am On Apr 21, 2017 |
Nigerians can be insatiable, let's do with what we have |
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