UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar (604 Views)
Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira Depreciates To N355/$ / GTB Mastercard Charges ~N225/$1 While Amazon Charges ~N208/$1 , Any Reason Why ? (2) (3) (4)
| UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar by loadednaija(m): 7:13am On Jan 24, 2015 |
The Naira on Friday, January 23, depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, January 19, the News Agency of Nigeria (NAN) reports. The rate has made the Naira to lose N16.50 within five days. The Central Bank of Nigeria’s website, however, put the Naira against the dollar at N167.50, while the Pound sold for N253.20 and the Euro stood at N193.89. The development has resulted into speculation in the market and caused ripple effects on other currencies. According to the Vanguard, some Bureau De Change and Black Market operators in Lagos said that they could not give rates to the Pound Sterling and the Euro. Reportedly, dealers who preferred anonymity said that there was scarcity of dollars in circulation. They warned that the naira could depreciate further by next week. Source: [url=http://www..com/naira-depreciates-hits-n208-to-the-dollar/][/url]
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| Re: UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar by Elslim: 7:23am On Jan 24, 2015 |
I said it... they want our naira to match our con3 code +234 2 Likes |
| Re: UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar by Beesluv: 7:26am On Jan 24, 2015 |
Odikwa risky  |
| Re: UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar by otbliz(m): 7:29am On Jan 24, 2015 |
This is a disaster |
| Re: UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar by x6blade(m): 7:45am On Jan 24, 2015 |
Hmmmm *spreads mat* i school in russia |
| Re: UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar by ruffp: 8:05am On Jan 24, 2015 |
"Transformation Agenda"..............fresh air tins |
| Re: UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar by gloryl(f): 8:06am On Jan 24, 2015 |
OMG.. this is getting more serious than I thought...  |
| Re: UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar by Ademat7(m): 8:38am On Jan 24, 2015 |
What is the economic way individual can protect him/herself from this economic shock? I want economist to explain ASAP |
| Re: UNBELIEVABLE! Naira Depreciates Again & Hits N208 To The Dollar by loadednaija(m): 9:35am On Jan 24, 2015 |
Ademat7: Maybe Buhari will explain better *_* |
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