Resulting from the dwindling oil price in international market,the Bank at the apex Central Bank of Nigeria today announced the cut down of the Nigeria currency Naira,and on the other side increasing the Dollar to Naira exchange rate from N155 that it use to be to N168 current exchange rate for Dollar to Naira
Announcing the new exchange rate at the Monetary Policy Committee meeting in Abuja, the Central Bank Governor, Mr Godwin Emefiele disclosed that the present devaluation of the Naira against the Dollar is to strengthen the Nigerian currency in other to blend in with the falling international oil price. He appealed and called on the National assembly and Federal government urging them to fasten the process towards the immediate passage of the Petroleum Industry Bill, PIB, which has been on hold for more than two years.

I did a Dollar to Naira exchange today and i had addition bucks added to my money , it quit different from how much it use to be and it feels a lot more better.

Source : http://naijagistng.com/cbn-devalues-naira-increase-exchange-rate-from-n155-to-n168-for-a-dollar/

We all had it coming ... To think we import most things in this country.