The local currency exchanged at 430 to a dollar in Abuja while it traded in Lagos at 435 before the closing hours.
This is coming as the Central Bank of Nigeria (CBN) on Monday, March 20, 2017 offered a total of $180 million to meet bids for wholesale auction and requests for invisibles such as medicals, school fees and personal travel allowances valued at $80 million, through the inter-bank window.
Confirming the figures, the Acting Director, Corporate Communications Department, CBN, Isaac Okorafor, said the wholesale requests will be settled on Tuesday, March 21, 2017, adding that the closing interbank rate for Monday, March 20, 2017, was N307.5/$1.
With this development, it is expected that the Naira will further strengthen in the foreign exchange market in the days to come.
Edited from Daily Trust
Great news
ReplyDeleteGreat news!
ReplyDeleteAbeg someone should pls enlighten me. Does this rate(430) apply when sending money from the US. If so, which money transfer company should I use
ReplyDeleteI love this!!!! We pray things get better!
ReplyDeleteGood job!
ReplyDeleteI predict it wil drop to 300 before Summer.
Little by little
ReplyDeleteYaayyyyyy
ReplyDeleteIt can only get better.
Goodnews...hope it keeps falling
ReplyDeleteNice development!
ReplyDeleteGood News. We will get there by God's grace
ReplyDeleteThat's good.
ReplyDeleteGod Bless Everyone.
Wooow this is really good news.
ReplyDeleteMonkeynofine I just imagined you sitting at the balcony with legs crossed on a stool, With a glass of wine and with your Tab on the other hand Saying "I pray Naira should strengthen further" in fact let me call Mr Bureau and tell him the good news already.
Hahaha
Buh this good. I pray it strengthens further permanently
Walai u be witch 😂😂😂😂 immediately I saw this post I called my younger bro to help me confirm from his Hausa chai it will get better.....
DeleteWhen I hear "dollar 💵 dropped" I am expecting it to be at least 200/1 💵
ReplyDeleteThis kind naira appreciation wey we never dey see the effect for price of things so. Who is deceiving who?
ReplyDeleteGood news but buying is higher, they should do something about it as soon as possible .
ReplyDeleteFinally it is well
ReplyDeleteNot great news. They should do something fast about it
ReplyDeleteOne good news since Buhari return.....
ReplyDeleteWow! This is good news
ReplyDeleteGood news. So that that biz can move small, nawa.....
ReplyDelete