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

36 comments:

  1. UnknownFebruary 24, 2017 at 4:20 PM

    and we hope it well gradually become equall

    ReplyDelete
  2. UnknownFebruary 24, 2017 at 4:52 PM

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

    ReplyDelete
    Replies
    1. WizyTechsFebruary 24, 2017 at 6:14 PM

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

      Delete
    2. readoneFebruary 25, 2017 at 6:34 PM

      I pray that also

      Delete
  3. Sir MikeFebruary 24, 2017 at 4:55 PM

    I think buhari should come back

    ReplyDelete
  4. Sir MikeFebruary 24, 2017 at 4:55 PM

    That is just my own self

    ReplyDelete
  5. NutrinaijaFebruary 24, 2017 at 4:57 PM

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

    ReplyDelete
    Replies
    1. Sir MikeFebruary 25, 2017 at 7:55 AM

      Lol collect your money back
      Dollar is coming down

      Delete
  6. UnknownFebruary 24, 2017 at 5:11 PM

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

    ReplyDelete
  7. readoneFebruary 24, 2017 at 6:08 PM

    Nice post

    ReplyDelete
  8. readoneFebruary 24, 2017 at 6:09 PM

    Thank God ,Nigeria is coming back small small

    ReplyDelete
  9. readoneFebruary 24, 2017 at 6:10 PM

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

    ReplyDelete
  10. VLongstriderFebruary 24, 2017 at 6:16 PM

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

    ReplyDelete
  11. UnknownFebruary 24, 2017 at 7:58 PM

    gud news 2 9ja

    ReplyDelete
  12. UnknownFebruary 24, 2017 at 8:00 PM

    hope tobe 1naira=1dollar as in 19ths

    ReplyDelete
  13. Emmix MFebruary 24, 2017 at 10:21 PM

    Oya na

    ReplyDelete
  14. UnknownFebruary 25, 2017 at 1:47 AM

    Hmm ok nah

    ReplyDelete
  15. UnknownFebruary 25, 2017 at 1:48 AM

    I am watching dem *whistleblowin tynz *

    ReplyDelete
  16. UnknownFebruary 25, 2017 at 1:49 AM

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

    ReplyDelete
  17. UnknownFebruary 25, 2017 at 1:50 AM

    God bless Nigeria

    ReplyDelete
  18. BelloFebruary 25, 2017 at 11:44 AM

    nice one..... Buhari is working!

    ReplyDelete
  19. UnknownFebruary 25, 2017 at 2:14 PM

    lets just hope all is well

    ReplyDelete
  20. UnknownFebruary 25, 2017 at 2:14 PM

    this is good news already

    ReplyDelete
  21. UnknownFebruary 25, 2017 at 5:27 PM

    Am really happy to hear this

    ReplyDelete
  22. UnknownFebruary 25, 2017 at 5:28 PM

    Finally mr poor man is about to enjoy

    ReplyDelete