Good morning everyone,

Please could someone kindly take their time to explain what exactly is going on, because quite frankly, I don't understand?
Why is the Naira depreciating on a DAILY basis? I'm not trying to bring politics into this, but, it wasn't this bad when Goodluck Jonathan was the President. Now, all of a sudden, we're experiencing this. Are there certain factors causing this? It has never been this bad, to the best of my knowledge.

Thanks in advance for you responses.

IamDelilah:
Good morning everyone,

Please could someone kindly take their time to explain what exactly is going on, because quite frankly, I don't understand?
Why is the Naira depreciating on a DAILY basis? I'm not trying to bring politics into this, but, it wasn't this bad when Goodluck Jonathan was the President. Now, all of a sudden, we're experiencing this. Are there certain factors causing this? It has never been this bad, to the best of my knowledge.

Thanks in advance for you responses.

we are experiencing scarcity of dollars due to the fall in oil price. then the cbn placed restriction on certain products u can get in nigeria. leaving the black market to determine xchange rate.