The naira appreciated to N359.5 to a dollar on the parallel market yesterday, compared with the N360 to a dollar it closed on Tuesday.

Also, on the Investors’ and Exporters’ (I&E) window, the nation’s currency strengthened to N361.06 to the dollar, as against the N361.18 to the dollar it closed the previous day.


On the Bureau De Change (BDC) segment, the naira closed at N360 to a dollar yesterday.

This is just as the Central Bank of Nigeria (CBN), once more, made available the sum of $210 million, to meet customers’ requests in various segments of the foreign exchange market.

In its desire to meet customers’ needs in the various segments of the market, the CBN offered $100 million to authorised dealers in the wholesale segment of the market, while the small and medium scale enterprises (SMEs) segment got boosted with the sum of $55 million.

According to figures made available by the bank yesterday, customers needing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55 million.

The CBN had last Thursday intervened to the tune of $343.06 million to cater for requests in the retail segment of the forex market.

http://www.akelicious.net/2018/06/naira-gains-as-cbn-injects-210m-into-fx.html

Why all these voodoo economics by Osama Buhari?
Someone should pls tell me what will happen when we no longer have dollars to 'inject'
I need response from trained economists, not pay per post BMCs.

This kind of news is not what is welcome on this platform

The most likely one that is welcome is where Pmb was bastardized

The good thing is most of Pmb supporters are not internet trollers

There internet is there pvc

sarrki:
This kind of news is not what is welcome on this platform

The most likely one that is welcome is where Pmb was bastardized

The good thing is most of Pmb supporters are not internet trollers

There internet is there pvc

There is a difference b/w 'there' and 'their'!!!!
Don't they teach you ppl basic English in Oshogbo

dokyOloye:
There is a difference b/w 'there' and 'their'!!!!
Don't they teach you ppl basic English in Oshogbo

grammar officer

I remember asking my father if Nigeria got its independence too early... He told me Nigeria would have been worse if we got independence later... He mentioned how the politicians are more corrupt now than during the time of Nigeria's independence wherein those leaders worked together for Nigeria's development/independence...

He also mentioned that the current politicians we have now are even willing to sell Nigeria if they have the chance... He kept on repeating that there is no hope for Nigeria..

I later mused over my father's words...
I realized our politicians have in fact been selling Nigeria bit by bit... Because of corruption, we have poor power supply, substandard roads, un- regular water supply, poor education facilities, poor health facilities, etc..
Without those facilities you can't attract jobs(both domestic and foreign)... so we have high rates of poverty... And because of high rates of poverty we have high rates of insecurity...

What I know is that once oil ceases to become a major thing in our world, Nigeria would cease to exist as a nation, if corruption isn't massively tackled..

I hope one day Nigeria proves my father wrong, that there's hope for Nigeria

Nigeria forex is gaining momentum bit by bit, day by day. i hope it will continue positvely like this.

That one na gain, what stops it from gaining at least #100?

Take us back to N160 per $

heil buhari, the saviour who will take Nigeria out of recession, our greatest president of all time. From N360 to N359.5, that's exactly 50kobo or 0.0014% Jajajaja I laugh in spanish
Just wait until the summer month is over, oil prices will fall, what then will happen to our currency?

The real name of this market should be the more you look, the less you see!

Ndi Guinness just rendered my shares worthless. Bought at #125 per unit of share now values at #97. My village people!!!

After injecting, the naira to dollars is still $367

By 50koko Issokay!

Everytime naira gains naira gains. Rubbish kobo gain.

Keep injecting like doctors that is why Nigerian doctors are moving to UK because CBN has taken over their job.

Mrakeli:
The naira appreciated to N359.5 to a dollar on the parallel market yesterday, compared with the N360 to a dollar it closed on Tuesday.

Also, on the Investors’ and Exporters’ (I&E) window, the nation’s currency strengthened to N361.06 to the dollar, as against the N361.18 to the dollar it closed the previous day.


On the Bureau De Change (BDC) segment, the naira closed at N360 to a dollar yesterday.

This is just as the Central Bank of Nigeria (CBN), once more, made available the sum of $210 million, to meet customers’ requests in various segments of the foreign exchange market.

In its desire to meet customers’ needs in the various segments of the market, the CBN offered $100 million to authorised dealers in the wholesale segment of the market, while the small and medium scale enterprises (SMEs) segment got boosted with the sum of $55 million.

According to figures made available by the bank yesterday, customers needing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55 million.

The CBN had last Thursday intervened to the tune of $343.06 million to cater for requests in the retail segment of the forex market.

http://www.akelicious.net/2018/06/naira-gains-as-cbn-injects-210m-into-fx.html

$210mn was injected and that's a good news

The naira is still undervalued, with current reserve of about $50b naira should trade around 250 at most, but the problem is the political will to do that, the least this government can do is to converge all rates at the same place, but a situation where some people get dollar at 305 while some get at 357 is rigged to favour some privileged few

Imagine the effect on cost of life if the dollar will be like 250 but as i said the political will may be lacking

Still seating here waiting patiently till wen 1$ will be equals to 1naira as promised by our Mr integrity

Nairalanders goodday. Pls am a graduate new in Lagos. Pls am looking for a job to work and provide for myself. I need to work and put food on my table. I believe someone in this forum can me me helper in Lagos.

Irohjohnpaulc:
Still seating here waiting patiently till wen 1$ will be equals to 1naira as promised by our Mr integrity

Same here! A good step tho.

For how long dem go kontinue wf dz dia Plan

Hmm

sarrki:
This kind of news is not what is welcome on this platform

The most likely one that is welcome is where Pmb was bastardized

The good thing is most of Pmb supporters are not internet trollers

There internet is there pvc

illiterate

Nvf

dokyOloye:
Why all these voodoo economics by Osama Buhari?
Someone should pls tell me what will happen when we no longer have dollars to 'inject'
I need response from trained economists, not pay per post BMCs.

Receive this social benefit from Abacha Loot strictly for Unemployed Lazy yoots only

Mrakeli:
The naira appreciated to N359.5 to a dollar on the parallel market yesterday, compared with the N360 to a dollar it closed on Tuesday.

Also, on the Investors’ and Exporters’ (I&E) window, the nation’s currency strengthened to N361.06 to the dollar, as against the N361.18 to the dollar it closed the previous day.


On the Bureau De Change (BDC) segment, the naira closed at N360 to a dollar yesterday.

This is just as the Central Bank of Nigeria (CBN), once more, made available the sum of $210 million, to meet customers’ requests in various segments of the foreign exchange market.

In its desire to meet customers’ needs in the various segments of the market, the CBN offered $100 million to authorised dealers in the wholesale segment of the market, while the small and medium scale enterprises (SMEs) segment got boosted with the sum of $55 million.

According to figures made available by the bank yesterday, customers needing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55 million.

The CBN had last Thursday intervened to the tune of $343.06 million to cater for requests in the retail segment of the forex market.

http://www.akelicious.net/2018/06/naira-gains-as-cbn-injects-210m-into-fx.html

What is the excess of all this injections when it does not have any impact on the masses...?