cy4cent:
Hnmm.

This country should reduce it's dependency on dollars.
The number of currencies at our disposal are too few.
Imagine if you could pay for your goods in China with their currency instead of dollars, the demand for dollars will drop.

Also subsidizing forex for pilgrimage is a no no. If you want to go for religious activities bear the cost at the bdc rate, subsidizing it is draining our forex reserve badly.

justi4jesu:
how i want the rate to sky rocket. Walks out in style..

Softhands:
JUSTI!!!... Me sef kukuma dey pray same too...lol

verygudbadguy:
The demand for dollar this week was very high. Monday to Friday, people kept buying like they were shipping it out. We started on Monday with 365 and by Friday, it had hit 368. It is not CBN or FG's fault though.

We wanted Naira to be determined by the forces of demand and supply so we should expect that it might go up too.

justi4jesu:
how i want the rate to sky rocket. Walks out in style..

sinkhole:
Me I for they OK with the news o but "for general market the naira weakens while it appreciated at the investor's window", something no dey OK to me

hardywaltz:

Try and learn how to read

alphonsojaybaz:
FOREX: NAIRA LOSES AGAINST DOLLAR
source : http://www.eyesoflagos.com/2017/08/forex-naira-loses-against-dollar.html

The naira on Thursday continued to fall against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.
The Nigerian currency lost one point to exchange at N368, weaker than N367 posted on Wednesday, while the Pound Sterling and the Euro closed at N478 and N432.
At the Bureau De Change (BDC) window, the naira was sold at N363 to the dollar, while the Pound Sterling and the Euro closed at N478 and N432.
However, the naira appreciated at the investors’ window, exchanging at N361.17 stronger than N362.39.
Traders at the market told NAN that in spite of the weekly auction of foreign exchange by the Central Bank of Nigeria (CBN) to BDC, the naira continued to depreciate. (NAN)

cy4cent:
Hnmm.

This country should reduce it's dependency on dollars.
The number of currencies at our disposal are too few.
Imagine if you could pay for your goods in China with their currency instead of dollars, the demand for dollars will drop.

Also subsidizing forex for pilgrimage is a no no. If you want to go for religious activities bear the cost at the bdc rate, subsidizing it is draining our forex reserve badly.

Nairaruky:
.
May I know your juicy rate?

OkpekeBeauty:
Its like any time the Naira hears Buhari is about to come back it starts falling. Can someone help us advice Sahara Reporters to desist from such rumors for our collective good

Isoko1stSon:
Som Zonbs up Dere Are Telling Odas to learn How 2read, That's Hilarious...


The Naira Will Surely Crash to #500/$

Nigeria Is A Failed State