EXCHANGE RATE NAIRA TO DOLLAR
Naira shows signs of weakness as Diaspora Nigerians leave Business Day, Nigeria - Jan 10, 2008 The naira only remained stable at the official market where it maintained an exchange rate of $116.80 to the United States dollar as it was in the previous ... exchange rate naira to dollar - Google News EVENTS 2007: Economy Newswatch (subscription), Nigeria - Dec 31, 2007 The CBN projected an exchange rate of N1.25 to a dollar as applicable in 1985. The apex bankput the take-off date at August 2008. The policy was, however, ... Nigeria: How the Naira Will Fare in 2008 AllAfrica.com, Washington - Jan 6, 2008 Because monetary forecasts, to a large extent, influence investors, as they are keen on having foreknowledge of macro-economic direction and exchange rate ... Outlook 2008:Let us have the direction Business Day, Nigeria - 13 hours ago On exchange, I think the Naira will appreciate to reach about $1 to N105 in the first quarter of this year if the present circumstance in the global economy ... Ghana: Redenomination, so far, so good Vanguard, Nigeria - Jan 13, 2008 Now, the economy is characterized by declining inflations, stable exchange rate, fiscal prudence and policy credibility. It has also been argued in certain ... Everyone understands the importance of money, particularly, a strong currency. So, everyone pays attention to any discussion that involves money. Recently, the naira gained some strength relative to the dollar and other hard currencies, and Nigerians have since been savouring the "good news". With effect from this month, the Central Bank of Nigeria (CBN) will begin payments from the federation account to states in US dollars. While the controversial N3.5 billion contract scam involving Senator Iyabo Obasanjo-Bello is still yawning for investigation and prosecution, a fresh allegation against her father, former president Olusegun Obasanjo, has surfaced in which he is accused of robbing the country of over $900 billion and N1.4 trillion. There is a popular Afri can adage which encourages anyone embarking on a journey to hitherto unknown destinations to seek counsel from someone who has already successfully made the same expedition. FOR the investing public and, perhaps, every business minded individual either operating in the Nigerian business environment or intending to do so, the concern is: how will the naira, Nigeria's local currency, perform against international currencies, i.e. the dollar and Euro in the new year. Mesa, exchange rate naira to dollar that forthright dukes of hazzard rightly outgrew despite that faulty tarot.
