NewStats: 3,262,726 , 8,177,970 topics. Date: Tuesday, 03 June 2025 at 11:31 AM 503y6k

The Nigerian Naira closed flat on the first official trading day of the year.

The local currency closed at N305 to a US dollar at the official window, same as the last working day of 2016.

At the parallel market, the naira closed at N490 against the US dollar, the same rate it closed on Friday, the last official trading day of 2016.

According to a Reuters report, the Central Bank of Nigeria sold $1.5 million to boost market liquidity and prop up the naira value against the dollar after the currency initially traded at N315.50 to the US dollar before gaining N10.50 to trade at N305.

Experts have said “In the week ahead, pressure on the naira will linger, especially at the parallel market, as backlog from the official market continues to stoke imbalances,” United Capital said in a research note on Tuesday.

The local currency had lost about 50 percent of its official value against the US dollar in 2016, plunging the stock market by 6.17 percent over the same period.

The CBN has struggled to the naira due to lower oil prices and depleted external reserves.

http://investorsking.com/naira-closes-flat-on-first-trading-day-of-2017/

Watching.............

Ok
we r getting there

Anyhow they want to formulate the lie let them do it, but we are watching how it will go for a very short time.

Buhari!

When the naira to dollar reach N500 let me know I wan buy

Buhari and Emefiele are not getting this thing yet.


Maybe after 2019

this dollar wahala av tire person seff

It is cat walking towards N500.

dogs playing with our economy

Waiting till it reaches #615

the naira just loves obeying the law of gravity

very useless govt. waiting for 2019

dis dollar wahala av tire person seff

We asked for change

Some naija prophets bn say e go reach 670 naira to a dollar ds year ooo. God abeg ooo.

all the prophecies has been fulfilled, those with spiritual eyes know that in 2017, the rapture will happen, stop waiting for 2019, get into the ark of God's grace, the economic recession Nigeria and world at large is facing is recorded in Matthew 24, there is no more time left, Follow Jesus

who uses dollar now. mtcheww

wonder y m not surprised.....Ds mumu dollar news evritym..e don tire me

With all this " buy made in Nigeria " the naira can't still fight back.
Which way Naija

The day the CBN starts allowing ordinary citizens access the dollar using Naira via the Bank is the day the Naira will start gaining some values, you can't drive up the demand for dollar in the black market and expect to control it, who are those that gets dollar at 305 Top Politicians, Now they don't even need to steal Governments money anymore, all they have to do is flip 200million Naira into Dollar and exchange same at the black market, Gbammm Millions have come

What do we do to all this parallel market people. Na dem dey cause recession o

OPAUGBEE:
Some naija prophets bn say e go reach 670 naira to a dollar ds year ooo. God abeg ooo.

Don't mind these goats.
At the end God wil punish most of them. None of them prophesize GEJ failure that time but it come to .

I use Kuwaiti dinar. mean while one Kuwaiti Dina is equal 1028 naira
so I don't give a Bleep. those who give a Bleep about dollar went that way

How much is bitcoin to naira?

If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 415/$, simply deposit into my US bank and receive instant funding into your Nigerian . Don't bother with western Union and co, they exchange at 375/$ with fees and the exchange rate drops to around 345/$.

See my below.

Dollar keep rising without looking back. But I someone that promised he will make dollar equal to one naira. Can't we hold such person responsible? Why toiling with people's emotion when you have no ideas of how to solve problems? We just need practical help not theoretical one

N490 ~ $1. sounds interesting that a mere $100 earnings is now N49,000. how do you earn it? check out this awareness thread and learn how to make money on your mobile with EXPIRED domain buying and selling; nairaland.unblockandhide.com/3430037/buying-selling-domains-really-profitable though am not in of the dollar crises but this is the right time to invest in a legitimate online business where one will be paid in dollars. naira is fast losing it and from my observation, several offline businesses are clo while online businesses is on the increase.

We pray and hope for better days