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

lord have mercy.

And some fools here will say vote gej 4 continuity.

Enough of devaluation of naira. Sai buhari. Change

Jonathan is working!!!

orimsamsam:
And some fools here will say vote gej 4 continuity.

Enough of devaluation of naira. Sai buhari. Change

IBROHIM:
Jonathan is working!!!

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.

BlackTechnology:




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.

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

patimore:
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? The Presidency can initiate that but it wouldn't because we have knuckle heads there. Bloody illiterate

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

I jst wanted to book space and leave... But Jona nor dey hear word........ I am cumin, I dey rehearsals

BlackTechnology:


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

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.

These are all because of cluelessNess of the present administration

Anyway our proactive government is around the come FEBUHARI Insha Allah.

Lets all relocate to Jupiter

Dud president.

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.

patimore:
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.

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

Bad market for importers

!

BlackTechnology:




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.

oga dnt make divert jonathans failure to another

spacebooked

BlackTechnology:


[s]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[/s]

your comments shows how daft you are. pls stop exposing your ignorance to the public.

BlackTechnology:


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

a bill only becomes a law when the president have assented such bill. So the executive v d final say.

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

BlackTechnology:


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

Fake Political Analyst. It must be signed into law by the president.

PDP in power, Naira continue to increase
Vote Wisely
#ihavedecide

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

emerich:
Bad market for importers

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

espn:
a bill only becomes a law when the president have assented such bill. So the executive v d final say.

pls the bill most be approve by the legislative before it can be signed into law By the executive

micolaj:
Fake Political Analyst. It must be signed into law by the president.

espn:
a bill only becomes a law when the president have assented such bill. So the executive v d final say.

nwaanambra1:


your comments shows how daft you are. pls stop exposing your ignorance to the public.

Educated illiterates

The post below proves how uneducated you guys are

Scholes007:

pls the bill most be approve by the legislative before it can be signed into law

BlackTechnology:


Educated illiterates

The post below proves how uneducated you guys are

OK maybe you should lecture us on how bills are passed into law

orimsamsam:
And some fools here will say vote gej 4 continuity.

Enough of devaluation of naira. Sai buhari. Change

Diversify una no gree. All of una greedy lazy eyes dey put eye for oil.

It is time to restart your boasted agricultural economy.

Scholes007:

OK maybe you should lecture us on how bills are passed into law

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.

RevDesmondJuju:


Diversify una no gree. All of una greedy lazy eyes dey put eye for oil.

It is time to restart your boasted agricultural economy.

No mind the educated illiterates wey no gree support true federalism to help quickly diversify the economy

Id it jumps to #2000. We shal stil vote jonathan.