Stella Dimoko Korkus.com: Naira Appreciates Against Dollar

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Thursday, October 06, 2016

Naira Appreciates Against Dollar

The Naira on Wednesday appreciated against the dollar in all the segments of the foreign exchange market.





The currency gained 9.97 points to exchange at N310.24 from N320.21 it recorded on Tuesday, representing an appreciation of 3.1 per cent.


It also gained a point against the dollar at the parallel market, exchanging at N475 from N476 posted on Tuesday, while it closed against the Pound Sterling and the Euro at N590 and N510, respectively.


At the Bureau De Change segment of the market, the naira traded at N354 against the dollar, and at N580 to the Pound Sterling and N510 to the Euro.
Traders at the market said that the sale of foreign exchange to BDCs was already easing the liquidity challenges at the market.

Since the resumption of the sale of the currencies to BDCs was restored, the naira had been on a steady path to recovery.

Industry watchers believe that if the new arrangement continued, the Nigerian currency would regain its lost glory.

NAN


41 comments:

  1. Dear Jesus help your baby,i need your touch to take the pain away. It's 3am and I haven't slept. Have taken sleep pills but still looking around n wishing I could close my eyes and all d pain is varnish.

    ReplyDelete
    Replies
    1. It is well with you, love.

      Delete
    2. What is wrong with u pls try and visit the hospital. You are healed in Jesus Name. Amen

      Delete
    3. I pray God heals you. But this your blog name fit hinder prayer sef. *side eye*

      Delete
  2. Hallelujah!!!!
    Amenoooooo!!!!
    I believe in Nigeria!!!

    ReplyDelete
  3. As long as We have an illitrate dinasaur as president things will always deteriorate

    ReplyDelete
    Replies
    1. Are you sure you are not one yourself..just thinking aloud though... lol

      Delete
  4. Nothing great about this news. Yeye government that dont know anything

    ReplyDelete
  5. Waoooooooooooooooooooooooooooooooooo
    Nice

    ReplyDelete
  6. No wonder it fell from 565 to 558 yesterday so I had to quickly send what I wanted to.

    ReplyDelete
  7. And it was said "The dry bone shall rise again"

    Nigeria my country I hail thee

    ReplyDelete
  8. GOD NA YOUR HAND I DEY OO

    ReplyDelete
  9. I can't wait for it to recover fully.

    ReplyDelete
  10. The dollar is still too high ooooo.
    Buhari should make it $1=N1 as he promised during the election campaign

    ReplyDelete
  11. Ok nah. Can't wait to see it get back to N200

    ReplyDelete
  12. Goodnews indeed
    Our prayers re not in vain
    God is in control
    Nigeria must raise and shine
    God is restoring our glory back
    It can only get better

    ReplyDelete
  13. Lol.
    It should appreciate more this is jot significant yet.

    ReplyDelete
  14. Suspend Aliexpress till Naira appreciate better
    to make better profit

    ReplyDelete
  15. Till it gets to 1naira to the dollar

    ReplyDelete
  16. Ok... Good news... Let's see tomorrow!
    #JOeFIRSt

    ReplyDelete
  17. Nice, I hope it keeps appreciating

    ReplyDelete
  18. Another Nollywood blockbuster.....

    Return of the Naira, season 1 and 2
    Grab your copy now!

    ReplyDelete
  19. Thank God!!! It shall get better🙌🏽

    ReplyDelete
  20. crazy horny wife; try praying while on the bed. since i found the scriptures that says "he gives his beloved sleep" i always quote it when ever i cant sleep.

    ReplyDelete
  21. Ww thank God for this and it will continue to get better in Jesus name amen.

    ReplyDelete

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