Naira Crashes Further To N480 - Business - Nairaland
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Dollar Sells For N420, Naira Crashes In Value / Naira Gains On Parallel Market For Four Consecutive Days, Now N480/$ / Naira Crashes To N484 Against Dollar As More Bdcs Go Underground (2) (3) (4)
| Naira Crashes Further To N480 by AbiolaFawole(m): 7:59pm On Nov 29, 2016 |
The naira on Tuesday crashed to N480 against a U.S
dollar. While it exchanged for N585 to a Pound, it
traded N500 to the Euro.
Experts at the black market say the local currency will
go further underground.
They pointed out that fall of the Naira to the foreign
currencies was as a result of the recent raid of
Bureau De Change operators in Lagos and Abuja by
the EFCC and the DSS.
The crash has equally be blamed on the decision of
the Central Bank of Nigeria, CBN to cut the sales of
dollar to BDCs by 46%. http://fawoleblog..co.ke/2016/11/naira-crashes-further-to-n480.html?m=1 |
| Re: Naira Crashes Further To N480 by ammyluv2002(f): 8:04pm On Nov 29, 2016 |
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| Re: Naira Crashes Further To N480 by okosodo: 8:24pm On Nov 29, 2016 |
Very good, soon to be 1000 before 2019 and jonathan will still be the cause according to some yoruba people 1 Like |
| Re: Naira Crashes Further To N480 by Nobody: 8:24pm On Nov 29, 2016 |
Enjoy your 'change' Nigerians !! |
| Re: Naira Crashes Further To N480 by Nobody: 10:56pm On Nov 29, 2016 |
Lol.. they thought arresting bureau de change will bring dollars down, anyway the opposite is the case... 1 Like |
(1) (Reply)
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