NIGERIA: Parallel Market Exchange Rate (Updated 21/07/2016)

Comments 8

1. 

   Anonymous

   July 21, 2016 · 4:54 pm

   The rate at which this is going…..$ will rise up to 400 before August. Really bad for the economy of this Country.

   Reply
2. 

   247newsflash

   July 21, 2016 · 4:56 pm

   The price of currencies are now too high, however, with nairametrics i can easily know the daily parallel market price for all currencies and invest wisely

   Reply
3. 

   Segun

   July 21, 2016 · 5:09 pm

   Good and thorough job

   Reply
4. J

   Jbaby

   July 21, 2016 · 5:21 pm

   Absolutely enlightening thanks for article

   Reply
5. 

   Anonymous

   July 21, 2016 · 7:17 pm

   Na wa for dollar oO! It cannor even do trowback Thursday and sell for 150. It will be doing like it cannor see twitter #mcheew

   Reply
6. 

   Anonymous

   July 21, 2016 · 8:03 pm

   The rate by which the exchange is going is alarming & it has made many company to sack their works,which has increased the number of unemployment in the society. It has also increase crime like robbery, 419 etc. In fact it has imposed great danger to Nigeria economy.

   Reply
7. 

   nnamdi

   July 22, 2016 · 3:01 pm

   As a business man,I know when to Trade Daily,with details I get from the Nairametrics team

   Reply
8. 

   Anodebenze

   July 22, 2016 · 3:19 pm

   nothing is impossible in Nigeria.CAN THIS PRESENT TINKLING OF THIS FOREX USUAGE BY THE CBN BE SUSTAIN N FUTURE,I DO NOT THINK SO,i think this present govt have the skill,experiences and intellectual capacity to be creative to solve Nigerian economic problem for the present and the future.i do agree with oladipo oni that this present forex usuage is of suppiy.
   For more than40 yrs,the govt have use oil,as the sole sources of forex currencies.the naira to the dollar is reaching 500 naira,and it could top 1000 naira next year,or the naira topping 1000 naira to the pound is possible this year,so far this year the president and the vice-president have been criticizing the cbn on their policy on forex rules.we shall see next year,the naira is under pressure due to increases of economic activities since our democratic value,from govt and private sector.i.e the supply of money is increasing,the position by the cbn in the future cannot be sustained in the future,the cbn is using bank interest to control inflation and it’s not working.if WE borrow the german philosopher Mr Hengel”,historical materialism”,the economy will diversify in future to meet it’s forex demand.
   personally,i was hoping the govt will create a dollar bond within weeks,through brokers,once this supply is in the economy,the cbn can uses about 10 billion dollar to buy up the naira,which can mope-up about 1 or 2 trillion naira from Nigerian economy/ or swap naira for this forex in the financial systemTHE CBN WILL HAVE FINANCIAL WEAPON TO DRIVE NIGERIA ECONOMY THE WAY THEY CAN CHOOSES,so they can uses bank interest to achieves their desire.nigeria naira can operates within a currencies bracket# 2 naira or 2;50 naira to the dollar,so is the pound.all this could be done in 2 years.govt knows what to do,it’s not about ignorance.we do not know the economic strategy of this govt,so is the opposition PDP

   Reply

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