Friday, February 24, 2017

See How Naira is Now Performing Better Against the Dollar

   
    The recession in Nigeria is gradually coming to an end as the Naira is drastically performing well at an unexpected speed especially at the parallel market locally known as black market or aboki rate.

Few days after the federal government made some adjustments in the financial policy and pumping of dollars in the Nigerias foreign reserve, we have seen a tremendous improvement in the Naira rate.

Four days ago, Naira exchanged at all time high N520 to $1 and today, the value is just N460 to a Dollar at the parallel market and N314.75 at the official interbank rate (CBN).

I was discussing with a bank staff yesterday and he predicted that the Naira could exchange at just N350 to $1 at the parallel market in a month time if it maintains this rate.

Are we getting out of recession? Yes i guess so. If only the marketers and sellers in the street start cooperating by reducing the price of stuffs to correspond with this change. What do you think?.
Ref: abokifx
   
   
   
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38 comments:

  1. and we hope it well gradually become equall

    ReplyDelete
  2. let the dollar keep on falling oh, cos me I wan buy new phone

    ReplyDelete
    Replies
    1. Yea once dollar comes down to a decent value, prices of phone will definitely come down.

      Delete
  3. I purchased a domain from godaddy but the transactions surprised me wrongly $5.09 how much to naira now?

    ReplyDelete
    Replies
    1. Lol collect your money back
      Dollar is coming down

      Delete
  4. really wishing that one day it will be at least N50 to 1$, things will be so affordable

    ReplyDelete
  5. Thank God ,Nigeria is coming back small small

    ReplyDelete
  6. Ordinary garri gan na #300 per ,I didn't that's dollar also

    ReplyDelete
  7. very true.....off to change my dollars before it's too late

    ReplyDelete
  8. hope tobe 1naira=1dollar as in 19ths

    ReplyDelete
  9. I am watching dem *whistleblowin tynz *

    ReplyDelete
  10. Our leaders don spoil everything.. Na wetin go dey if we kontinu to vote in senile old men into power

    ReplyDelete
  11. Finally mr poor man is about to enjoy

    ReplyDelete

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