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Sunday, August 12, 2018

Nigeria's Naira Gains 40 Kobo To Firm Against Dollar

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The Naira on Thursday gained 40 kobo to firm against the dollar at the parallel market in Lagos. The Nigerian currency exchanged at N358, stronger than N358.4 traded on Wednesday, while the Pound Sterling and the Euro closed at N480 and N417, respectively.

At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro closed at N480 and N417, respectively.
Trading at the investors’ window showed that investors settled for N362.19 to the dollar, with a market turnover of 146.85 million dollars, while the naira exchanged at N306 to the dollar at the CBN window.
Meanwhile, the apex bank had sustained its interventions at the interbank foreign exchange market with the injection of 210 million dollars to the market on Tuesday.
The series of interventions of the CBN had helped to stabilise the exchange rate
at the market. (NAN)

GUYS, WHAT DO YOU THINK?

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FACEBOOK COMMENTS

Emmanuel Conquer Oko Ewa Udu

Nice one, right?

Endy Edeson

@Obanla & Conquer; Sure, It might appreciate better . I pray it doesn't go down from this . Lots biz to settle online via currency exchange

Oluwatoyin Obanla

Endy,but as a blogger that earns foreign currency every month,you know say the thing no too pay us but it is good the overall interest sha

Godwin Epu

For me untill is a dollar per naira as they promised if not forget it at Eddyson

Tivlumun Kevin Jnr

Nonsense!!!

Endy Edeson

@Obanla: It depends on how you earn via dollars. To me, if naira appreciates I make extra cash if I am purchasing in dollars for my clients. I think you are refereeing to AdSense earnings. @Epu: Hahahahaha. That would be when Atiku or Saraki becomes president in 2019 that naira can equal dollar. @Kelvin: nonsense ! Really? Aren't you happy that our naira is appreciating?
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Browayson John Sr.

Still a long way to go Endy Edeson.. I think its too early to rejoice as any change could still happen cos of our unstable economy.
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Endy Edeson

@John: The thing is, the exchange rate is just fluctuating around 358 to 360. I pray it drops to N200 someday
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Browayson John Sr.

We all pray it does endy, but trust me it's not by prayers but by doing what's right directing the economy to d right path..
2

Ade Coker Evans

The exchange rates in Nigeria is better than Ghana.
Here in Ghana, from Ghana stock exchange, the dollar is selling at Ghc 4.6323-#450
Pound sterling at 6.5323-#640
Euro is 5.4532-#530
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