At the black market, the Naira-Dollar exchange rate is said to be as high as N209.
The plunge of the Naira seems unending as the Nigerian currency as at today, February 15, is selling at N204 to the Dollar.
The Pound Sterling on the other hand is selling for 314 to the Naira at the Bureau De Change segment and N310 at the black market.
The fall of the Naira continues despite attempts made by the Central Bank of Nigeria (CBN) to stem the trend.
According to Bloomberg, the Naira has tumbled 17 percent over the past three months and may further decline to an exchange rate of N263 to the dollar.
I see d hand of America and Britain written all over this. They are trying to deliberately ruin d naira. Hmmm! "Uwaifo don talk e own o".
ReplyDeleteIts obvious d CBN governor is incompetent...besides na d poor d suffer d most because prices of electronics n mobile device is now high...
ReplyDeleteThis is teribble news...smh
ReplyDeletechai chai.. this is affecting me badly o..
ReplyDelete#importation..#lol
Nawa o hugry go kill person o
ReplyDeleteHaaba! This' nt cool
ReplyDeleteAnd some people will tell me Soludo and Sanusi Lamido didn't do well during their time. Pls, wat is our minister for finance doing to curtail dis.
ReplyDeletemake e reach 300 self
ReplyDeleteWhich hand of America and Britain, can't we take responsibility of d issues in Nigeria than blaming ds countries, see d economy of Nigeria, what do u expect, till everything cone to normal, naira wl kip falling
ReplyDelete