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Nairaland Forum / Nairaland / General / Politics / Naira Hits N208 To Dollar (2272 Views)
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Naira Hits N208 To Dollar by Nobody: 5:36pm On Jan 23, 2015 |
The naira depreciated against the dollar on Friday, as it traded at N208 from the N191.50 it sold for on Monday, January 19. The new rate has made the naira to lose N16.50 within five days. However, on the website of the Central Bank of Nigeria (CBN), the naira stood against the dollar at N167.50, while the pound sold for N253.20 and the euro, N193.89S The development has resulted into speculation in the market and caused ripple effects on other currencies. A NAN correspondent, who visited some Bureau De Change and black market operators in Lagos, observed that they could not give rates to the pound sterling and the euro. Dealers who preferred anonymity said that there was scarcity of dollars in circulation. They also alleged that the CBN had stopped selling forex to the Bureaux De Change, since last year. The dealers added that the recent review of trading positions for the forex trading positions of banks to 72 hours, also contributed to speculation in the system. The effect, they added, was that the naira could depreciate further by next week. In November 2014, the CBN devalued the Naira to N168 to the dollar. Source: http://www.thecable.ng/naira-hits-n208- dollar |
Re: Naira Hits N208 To Dollar by tpiarare: 5:38pm On Jan 23, 2015 |
lord have mercy. |
Re: Naira Hits N208 To Dollar by orimsamsam(m): 5:39pm On Jan 23, 2015 |
And some fools here will say vote gej 4 continuity. Enough of devaluation of naira. Sai buhari. Change 5 Likes |
Re: Naira Hits N208 To Dollar by IBROHIM: 5:44pm On Jan 23, 2015 |
Jonathan is working!!! |
Re: Naira Hits N208 To Dollar by BlackTechnology: 5:45pm On Jan 23, 2015 |
orimsamsam: IBROHIM: Economic illiterate Tell your elites in the national assembly to entrench True Federalism which is the fastest route to economic diversification. Economic diversification will ensure that we have different source of generating dollars to keep the stream of dollar flowing into the reserve. ![]() 4 Likes |
Re: Naira Hits N208 To Dollar by patimore: 5:52pm On Jan 23, 2015 |
BlackTechnology:Why can't the elite in the presidency send a proposed bill seeking to diversify the economy to the National Assembly? Isn't that part of what they are paid to do? If the mountain cannot go to Mohammed can't Mohammed go to the mountain? The Presidency can initiate that but it wouldn't because we have knuckle heads there. Bloody illiterate 7 Likes |
Re: Naira Hits N208 To Dollar by BlackTechnology: 5:57pm On Jan 23, 2015 |
patimore: Educated illiterate The national assembly is the main arm of government in charge of law creation Yes The president can send but the national assembly is the one to make it a law. In other words The national assembly has the final say ![]() Illiterate 4 Likes |
Re: Naira Hits N208 To Dollar by gmacnoms(m): 6:00pm On Jan 23, 2015 |
I jst wanted to book space and leave... But Jona nor dey hear word........ I am cumin, I dey rehearsals |
Re: Naira Hits N208 To Dollar by patimore: 6:09pm On Jan 23, 2015 |
BlackTechnology:Has the President sent them a bill seeking to diversify the economy? No. Why? Because the government is not serious about diversifying the economy. The executive formulates policies. Dumb illiterate. 5 Likes |
Re: Naira Hits N208 To Dollar by Kagarko(m): 6:14pm On Jan 23, 2015 |
These are all because of cluelessNess of the present administration Anyway our proactive government is around the come FEBUHARI Insha Allah. 1 Like |
Re: Naira Hits N208 To Dollar by madgoat(m): 6:27pm On Jan 23, 2015 |
Lets all relocate to Jupiter ![]() |
Re: Naira Hits N208 To Dollar by stevecantrell: 6:28pm On Jan 23, 2015 |
Dud president. |
Re: Naira Hits N208 To Dollar by Nobody: 6:34pm On Jan 23, 2015 |
I laugh in pity when people say Jonathan should continue. How much was the Dollar when Jonathan took over? Gradually our currency is becoming a junk and our inflation rate should be skyrocketing. Our economy is collapsing. It is not by coming to media to issue statement that we are growing when every economic indices shows that we are going down. Ngozi and Jonathan are fraudsters. 1 Like |
Re: Naira Hits N208 To Dollar by suretman(m): 6:40pm On Jan 23, 2015 |
patimore: Don't mind them.. Anything good, they jubilate and clap for Jonathan.. Anything bad, they blame someone else.. Insecurity; they blame Northerners for not working with Jonathan.. Or they blame Buhari for organising Boko Haram.. Just leave them with their silly thinking 1 Like |
Re: Naira Hits N208 To Dollar by emerich(m): 6:42pm On Jan 23, 2015 |
Bad market for importers |
Re: Naira Hits N208 To Dollar by stevecantrell: 6:46pm On Jan 23, 2015 |
! |
Re: Naira Hits N208 To Dollar by chamboy(m): 6:47pm On Jan 23, 2015 |
BlackTechnology:oga dnt make divert jonathans failure to another |
Re: Naira Hits N208 To Dollar by Nobody: 6:56pm On Jan 23, 2015 |
spacebooked |
Re: Naira Hits N208 To Dollar by nwaanambra1(m): 6:56pm On Jan 23, 2015 |
BlackTechnology: your comments shows how daft you are. pls stop exposing your ignorance to the public. ![]() 3 Likes |
Re: Naira Hits N208 To Dollar by espn(m): 7:01pm On Jan 23, 2015 |
BlackTechnology:a bill only becomes a law when the president have assented such bill. So the executive v d final say. 3 Likes |
Re: Naira Hits N208 To Dollar by SLIDEwaxie(m): 7:12pm On Jan 23, 2015 |
LoL..wetin no go happen under lord clueless? His time just be like that time wey moyes dey manage man u...na him carry them reach this new low wey dem find themselves... This Jonathan just dey break yeye record like moyes 1 Like |
Re: Naira Hits N208 To Dollar by micolaj: 7:43pm On Jan 23, 2015 |
BlackTechnology:Fake Political Analyst. It must be signed into law by the president. 1 Like |
Re: Naira Hits N208 To Dollar by dridowu: 7:48pm On Jan 23, 2015 |
PDP in power, Naira continue to increase Vote Wisely #ihavedecide |
Re: Naira Hits N208 To Dollar by Dosinspector(m): 8:10pm On Jan 23, 2015 |
If buhari wins,he will diversify the economy,raise naira to be equals with dollar, stabilise and increase crude price,bring our coal production bak to life,agriculture will be the hub of our economy,every old poor man will be paid,every graduate will be given a car,electricity everywhere infact I can't wait 4 feb 14th SAI! SAI! SAI! Buhari |
Re: Naira Hits N208 To Dollar by Scholes007(m): 8:22pm On Jan 23, 2015 |
emerich:that's one of the things i like about this devaluation Also am happy high inflation did not follow ...it shows our industrial capacity has improved and i pray we can start export finished goods massively so as to have a strong and sustainable naira |
Re: Naira Hits N208 To Dollar by Scholes007(m): 8:28pm On Jan 23, 2015 |
espn:pls the bill most be approve by the legislative before it can be signed into law By the executive |
Re: Naira Hits N208 To Dollar by BlackTechnology: 9:55pm On Jan 23, 2015 |
micolaj: espn: nwaanambra1: Educated illiterates The post below proves how uneducated you guys are Scholes007: |
Re: Naira Hits N208 To Dollar by Scholes007(m): 10:00pm On Jan 23, 2015 |
BlackTechnology:OK maybe you should lecture us on how bills are passed into law |
Re: Naira Hits N208 To Dollar by Nobody: 10:05pm On Jan 23, 2015 |
orimsamsam: Diversify una no gree. All of una greedy lazy eyes dey put eye for oil. It is time to restart your boasted agricultural economy. |
Re: Naira Hits N208 To Dollar by BlackTechnology: 10:22pm On Jan 23, 2015 |
Scholes007: I told those educated illiterates that you are right ![]() Go through the post again and you will see how I pointed to your correct answer to help them out. ![]() |
Re: Naira Hits N208 To Dollar by BlackTechnology: 10:28pm On Jan 23, 2015 |
RevDesmondJuju: No mind the educated illiterates wey no gree support true federalism to help quickly diversify the economy ![]() |
Re: Naira Hits N208 To Dollar by Nobody: 10:28pm On Jan 23, 2015 |
Id it jumps to #2000. We shal stil vote jonathan. |
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