Nigerian currency, Naira has dropped eight points to trade at a new record low of 436 against the United States dollar in black market, on Thursday night, September 22 to Friday morning, September 23. This comes against the N428/$1 rate it was on Wednesday, September 21. dollar to naira. The Naira has continued to weaken after a data released by the National Bureau of Statistics showed that the economy was in recession. Also, the persistent dollar shortages on the official market is making life hard for Bureau de change operators. But according to the Association of Bureau De Change Operators of Nigeria, the naira would recover by Monday, September 26 due to the introduction of Travelex, a licensed forex dealer. Travelex, an international money transfer organisation, was officially directed by the CBN to distribute forex to the BDC operators by Monday. Alhaji Aminu Gwadabe, president of ABCON, was quoted by the News Agency of Nigeria to have said in Lagos that a licensed forex dealer would enhance transparency in the distribution network. He said that forex distribution would be efficient and uniform across ABCON members, unlike what was obtainable in the past. According to him, Travelex has the technology to sell forex to about 1,000 BDCs in a couple of hours, which is a major advantage. At the interbank official market, the naira was quoted at 313.07 to the dollar on Thursday, down from 310.08 on Wednesday. Remember to visit http://davesblog.over-blog.com for more news.

Bad economy

I will soon publish a book titled "The rise and fall of naira"

Shai! Which way Nigeria, na God go save us from dis Chanji govt o

Chaiii..

Sai Baba, Le way?

www.nairaland.com/attachments/4169548_img20160825093501_jpeg97be277aaa2074c5f22356c708c8758a

4reala:
Shai! Which way Nigeria, na Godgo save us from dis Chanji govt o

bros na so we see am o. Things just dey get hard everyday.

Buhari still breaking deplorable records records.

Lalasticlala

https://www.thecable.ng/naira-crashes-to-all-time-low-as-fx-reserves-fall-below-25bn?_e_pi_=7%2CPAGE_ID10%2C2347313275

See how their Lord and personal saviour is killing them. This man has killed and almost buried Naira.Nepa Bill ooh

Smellymouth:
Chaiii..

Sai Baba, Le way?

www.nairaland.com/attachments/4169548_img20160825093501_jpeg97be277aaa2074c5f22356c708c8758a

this pic is epic

The night before dawn...

haba naija wey thing we go do to dis kind situation.. ? [s][/s][i][/i]

Viole don't make me laugh at u this morning!



If Goodluck Jonathan were still in power and naira fell to that rate, would you have made same comment?

It still has not gotten to its destination. But they said it was jonathan. Let me see wether they will still blame him by the time it gets to 1000 by 2019

Cutehector:
Viole don't make me laugh at u this morning!



If Goodluck Jonathan were still in power and naira fell to that rate, would you have made same comment?

No...If it had been His normal Pattern of Governance.

Yes...If indeed I see in his government,the future I am being Optimistic about now

still waiting for N1 = $1 promised by this government

Viole:


No...If it had been His normal Pattern of Governance.

Yes...If indeed I see in his government,the future I am being Optimistic about now

babe, there is absolutely nothing optimistic abt the progress of Nigeria.

Cutehector:
babe, there is absolutely nothing optimistic abt the progress of Nigeria.

Owk...Let's wait and see...
I wish that you do me the favour of quotin me again on this post by this time next year.

Viole:


Owk...Let's wait and see...
I wish that you do me the favour of quotin me again on this post by this time next year.

lol by then I must hav forgotten ur moniker. Why not I add u up on bbm? So that way, I don't forget u.

Please how can I invest in real estate

The dollar must reach N1000 before the end of the year.

[quote author=onatisi post=49596388][/quote]

bro you are a prophet a swear.every damn thing u have prophised about this economy have all come to pass.buhari needs you in his cabinet on a very serious note.onatisi I humbly duff my cap for you ooo u are a true prophet of Nigeria economy. please I like u to prophesy about bag of rice ooo is it going to go up more or it ll crash soon cos I can't stand not eating rice on Xmas day and Sundays. thank u

Hisduchess:


bro you are a prophet a swear.every damn thing u have prophised about this economy have all come to pass.buhari needs you in his cabinet on a very serious note.onatisi I humbly duff my cap for you ooo u are a true prophet of Nigeria economy. please I like u to prophesy about bag of rice ooo is it going to go up more or it ll crash soon cos I can't stand not eating rice on Xmas day and Sundays. thank u

funny woman

onatisi:
funny woman

lol. nah important question I dey I ask ooo