Naira Falls To Lowest Level Against Dollar, Checkout New Rate - Business - Nairaland
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Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira Falls Against US Dollar / Naira Falls To N370 Per Dollar (2) (3) (4)
| Naira Falls To Lowest Level Against Dollar, Checkout New Rate by Zubby56(f): 12:34pm On Jul 20, 2016 |
Naira crashes to N368/$1 at parallel market Nigeria’s currency, Naira crashed to its lowest level at parallel market since the start of the new foreign exchange regime, on Wednesday, July 20. The naira’s black market value which had stayed unchanged for two days at N365/$1, dropped 3 points to trade at N368/$1 in the early hours of today. Currency traders blamed the poor performance of the naira to the scarcity of the greenback, adding that the demand for dollar far outstripped its supply. According to a Bureau De Change operator in Lagos, the naira instability at the parallel market this week could be traced to the activities of the CBN. READ ALSO: Naira weakens to N365/$1 at parallel market He told NAIJ.com:“Some black market operators are happy with this spike, especially those that have dollar to sell. “But I believe it is high time the CBN checkmated this spike. The BDCs can be empowered by giving us access to the CBN window.” The local currency has been on the downward swing following a plunge in crude oil prices and a consequent decline in Nigeria’s foreign reserves. READ ALSO: Naira crashes to N363/$1 at parallel market According to the CBN governor Godwin Emefiele, it is frightening that the nation was experiencing economic stagnation and inflation at the same time. Emefiele said that if the present situation in the country continued, the federal government might not be able to pay salaries of its workers with effect from October this year. 1 Like |
| Re: Naira Falls To Lowest Level Against Dollar, Checkout New Rate by TippyTop(m): 12:38pm On Jul 20, 2016 |
In less than 1yr Bubu has reduced the naira to nothing more than a glorified piece of paper. [img]http://alb-c.ru/sites/default/files/strana1.jpg[/img] |
| Re: Naira Falls To Lowest Level Against Dollar, Checkout New Rate by Pidggin(f): 1:53pm On Jul 20, 2016 |
Zombies will soon blame Jonathan for this |
| Re: Naira Falls To Lowest Level Against Dollar, Checkout New Rate by RGem(f): 3:05pm On Jul 20, 2016 |
The fall of Nigeria. |
| Re: Naira Falls To Lowest Level Against Dollar, Checkout New Rate by 9japrof(m): 3:40pm On Jul 20, 2016 |
Nigeria is actually on speed spiralling downwards, Buhari should actually as a matter of urgency sack the present economic team and replace them with seasoned economist. This emefiele of a guy is a glorified bast.ard and the leukemic looking bi.tch is even worse of. From a hundred and sth naira to a dollar to now almost 400 naira. Why wouldn't prices of items not skyrocket in addition to high prices of petrol. Incompetent Buhari has succeeded in bankrupting this country. |
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