The Nigerian Naira appreciated against the US dollar at the interbank market on Monday, as investors await the decision of the Monetary Policy Committee on the state of the economy.

The currency improved by 0.5 percent to trade at N307.25 to the dollar, from N308.69 it exchanged on Friday.

It, however, remains unchanged at the Bureau de Change segment, closing at N422 against the dollar, N549 to the pound and N470 against the Euro-single currency.

Trading at the parallel market, the Naira stabilised at N425 against the dollar, a figure it has maintained for three days, while it exchanged against the Pound and Euro at N550 and N470 respectively.

Currency traders hope that the MPC would reconsider its forex policy with a view to rescue the nation’s currency, while attacking unemployment by lowering borrowing cost to boost the manufacturing sector.

“The central bank will have to expand its monetary policy and combine it with realistic fiscal policy to ease economic gridlock, while making non-oil sector priority,” said Samed Olukoya, a Foreign Exchange Research Analyst at Investors King Ltd.

“Considering global oil glut, increasing oil production won’t help the nation recover from economic recession, but pushing through with diversification will help create jobs, fight importation and encourage youth participation, since they are the most unemployed going by NBS report,” he added.

http://investorsking.com/naira-appreciates-at-the-interbank-market/

Yeye. I was hoping to see #1=$1

But why is Nigerian so much crazy about Foreign Currency at the expense of her Local Naira? Must we continue to live like this?

Why can't we make $ the official currency if these people can't live without $
Anyway sha, let me go office make I no vex for all these Bureau de change people

make the naira smile back oo

Please Vuhari, leave the $ the same way you met it @197 we dont need your 1 naira =1 $ again, just kindly take us back to where we were, people de fear to do wedding because of prices of food stuff, just take us back biko, ejor, mbok

Na really die we dey for this country...

D

Cool

Is #216 to $1 OK? Vote APC for change...the change turned out to be #422 to $1...na Osinbajo matter pain me pas as a Pastor that can't keep to a common promise.he forgot so soon that there is God.

You call that 'appreciate'?

This is not a rocket science.

Retrieve $1 Billion from Atiku Abubakar

Retrieve $1 Billion from Olusegun Obasanjo

Retrieve $1 Billion from IBB

Retrieve $1 Billion from TY Danjuma

Retrieve $1 Billion from Bola Tinubu

Retrieve $1 Billion from Ebele Jonathan

Retrieve $1 Billion from Tony Anenih

Retrieve $1 Billion from Bode George

Retrieve $1 Billion from Oji Uzor Kalu

Retrieve $1 Billion from Godswill Akpabio

Retrieve $1 Billion from Peter Odili

Retrieve $1 Billion from Rotimi Amaechi

Retrieve $1 Billion from Ngozi Okonjo Iweala

Retrieve $1 Billion from Sanusi Lamido Sanusi

Retrieve $1 Billion from Ayim Pius Ayim

Retrieve $1 Billion from Audu Ogbeh


Until you send the EFCC after these unrepentant thieves, your tainted & selective anti-corruption campaign won't bail our Kangaroo Democracy from our present economic quagmire.

Naira been playing hide and seek

How does that help a foreign exporter?

Fake news. It will appreciate by 10 points today for instance and drop 30 points tomorrow. Change in the air

If I talk wetin dey my mind for all dis Hausa wey dey change money ehn!

Gained 5kobo today and loses N20 tomorrow.
Who e epp sef ?

we dead meat... we ol living dead.... e b like say na our children go enjoy dis change wen it strts to manifest..... hmmmmm

Ok,mr naira! I command u to appreciate in my gtb account today in Jesus name

I do hope the naira will continue to appreciate because the trend at which the naira is depreciating is enough.

Who and who dey see interbank $? Na bureau de change at 422 una suppose dey tell us

booked

Who e epp. I thought it was a major leap. Mtcheeew stirs my ogi.

0.5% improvement If e wan depreciate, it will by 100%.

N1.44k.... Appreciate indeed!

Thank God oo, about that time

Hmm....we are so fixated on foreign exchange!

Good news at last

okay! now Watz d difference between 307 it appreciated to n 308 it was sold before