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Naira Falls To ₦540 Per Dollar - Business - Nairaland

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Naira Falls To 760/$, Ahead Of Inauguration / Naira Falls To All-time Low Of 527 Naira To A Dollar / Naira Falls After CBN Stops Forex Sales To BDCs (2) (3) (4)

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Naira Falls To ₦540 Per Dollar by potland: 3:49pm On Sep 09, 2021
The Nigerian naira has continued its downward spiral as it trades at N540 to a dollar at the parallel market on Thursday.

The drop comes barely a week after it traded at N530 against the American currency.

The exchange rates have been on a downward slope, after the suspension of foreign exchange transactions with bureau de change operators. Same day last week the national currency traded at N530 per dollar.

In July, Peoples Gazette hadbreported the CBN ban on foreign exchange sales to bureau de change operators, band an indefinite suspension issuance of licences to money changers.

The bank then instructed commercial banks to set up teller points in branches, so that dollars and other foreign currencies would be made available to Nigerians

The naira has been on a constant decline since the Buhari-led administration came into power. When President Muhammadu Buhari assumed his responsibilities in May 2015, it was trading at about 187 to a dollar.

The administration has faced backlash for its handling of the country’s fiscal and monetary policies. Officials however dismissed the criticisms, saying the government came on board at a time of perilous economic situation that stemmed from decades of mismanagement by previous administrations.
https://gazettengr.com/just-in-naira-falls-to-n540-per-dollar/

12 Likes 8 Shares

Re: Naira Falls To ₦540 Per Dollar by osuofia2(m): 3:54pm On Sep 09, 2021
Emefiele why, with Buhari efforts in making the economy stable yet the south keep sabotaging his efforts. Emefiele needs to be fired

35 Likes 14 Shares

Re: Naira Falls To ₦540 Per Dollar by Afritop(m): 3:55pm On Sep 09, 2021
Did they sack CBN Governor

78 Likes 11 Shares

Re: Naira Falls To ₦540 Per Dollar by MufasaLion: 3:55pm On Sep 09, 2021
Always falling like a saggy tities.

15 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by TMTR: 3:55pm On Sep 09, 2021
No shaking to those of us earning in dollarscheesy

107 Likes 10 Shares

Re: Naira Falls To ₦540 Per Dollar by Dikaveli(m): 3:55pm On Sep 09, 2021
Lies

Stop lieing brother

1 Like

Re: Naira Falls To ₦540 Per Dollar by Macphenson: 3:55pm On Sep 09, 2021
Buhari has achieved another feat.

What Buhari cannot destroy does not exist.

MANNERBBQGRILLS come and see something.

95 Likes 6 Shares

Re: Naira Falls To ₦540 Per Dollar by lonecatt(m): 3:55pm On Sep 09, 2021
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

259 Likes 22 Shares

Re: Naira Falls To ₦540 Per Dollar by Nobody: 3:55pm On Sep 09, 2021
While Buhari is smiling in Imo state. Tueh!

26 Likes 5 Shares

Re: Naira Falls To ₦540 Per Dollar by SarkinYarki: 3:55pm On Sep 09, 2021
Worst govt ever

19 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by ChangetheChange: 3:55pm On Sep 09, 2021
grin grin grin
BuhariNomics

Japa from Naija is the only solution out of this failed country called Nigeria

30 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by abhosts(m): 3:55pm On Sep 09, 2021
Tomorrow when Naira gains N1 against Dollar, they would say Naira Strengthens Against Dollar.

These news sites are very misleading.

80 Likes 6 Shares

Re: Naira Falls To ₦540 Per Dollar by InaNla(f): 3:55pm On Sep 09, 2021
Sai barber!

2 Likes

Re: Naira Falls To ₦540 Per Dollar by FalseProphet1(m): 3:55pm On Sep 09, 2021
It will fall to N1000 per $1 by 2023.

This I have seen

52 Likes 4 Shares

Re: Naira Falls To ₦540 Per Dollar by Akalia(m): 3:55pm On Sep 09, 2021
Naira don fall for ground!!

6 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by Kaybee14(m): 3:55pm On Sep 09, 2021
It is well.
Re: Naira Falls To ₦540 Per Dollar by McAausim: 3:55pm On Sep 09, 2021
embarassed naira don dey useless for were dola dey....


Things fall apart..... cry



May God bless this country.... cry

11 Likes

Re: Naira Falls To ₦540 Per Dollar by Dialpad: 3:56pm On Sep 09, 2021
This is getting annoying, so with $2000 you now have over million naira.

If the banks increase the spending limits on cards, the rate is likely to drop. There will be not much reason to patronize these currency changers.

At least allow $3000 per month on naira visa/Master cards

52 Likes 5 Shares

Re: Naira Falls To ₦540 Per Dollar by Bornsinner7: 3:56pm On Sep 09, 2021
I reserve my comment

2 Likes

Re: Naira Falls To ₦540 Per Dollar by luminouz(m): 3:56pm On Sep 09, 2021
Damn
Re: Naira Falls To ₦540 Per Dollar by NwaNimo1(m): 3:56pm On Sep 09, 2021

6 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by clems88(m): 3:56pm On Sep 09, 2021
It should reach 1k make we hear word

8 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by SuperBlack: 3:56pm On Sep 09, 2021
Sai Baba

1 Like

Re: Naira Falls To ₦540 Per Dollar by Nobody: 3:56pm On Sep 09, 2021
Godwin Emefiele, clap for yourself. You are the most incompetent CBN governor in the history of Nigeria.

42 Likes 7 Shares

Re: Naira Falls To ₦540 Per Dollar by Okortor: 3:56pm On Sep 09, 2021
The naira has been on a constant decline since the Buhari-led administration came into power. When President Muhammadu Buhari assumed his responsibilities in May 2015, it was trading at about 187 to a dollar.

REALLY, as a financial analyst..I m speechless.

44 Likes 2 Shares

Re: Naira Falls To ₦540 Per Dollar by Originakalokalo(m): 3:56pm On Sep 09, 2021
It is well.

This government should do better.

. Jesus is the only way to heaven.

Accept him and accept life. Reject him and accept the second death.

When you close your eyes in death, where would you find yourself?

Come to Jesus today and do his will.

9 Likes 2 Shares

Re: Naira Falls To ₦540 Per Dollar by BF69BF: 3:56pm On Sep 09, 2021
Yet Mr. N1 to 1dollar is somewhere commissioning quack projects.

Make it make sense na

14 Likes 4 Shares

Re: Naira Falls To ₦540 Per Dollar by slimanyd: 3:56pm On Sep 09, 2021
Chai. Inside world.
Re: Naira Falls To ₦540 Per Dollar by InaNla(f): 3:56pm On Sep 09, 2021
Buhari 3rd time is a GOAL!!!


4 + 4 + another 4!!!!!


Buari a good man with bad intentions.

12 Likes 4 Shares

Re: Naira Falls To ₦540 Per Dollar by socialmediaman: 3:56pm On Sep 09, 2021
PDP Lies! Naira is exchanging for N1 to $1.

Signed,
Femi Liarsina

18 Likes 2 Shares

Re: Naira Falls To ₦540 Per Dollar by T0T0fucker: 3:57pm On Sep 09, 2021
clems88:
It should reach 1k make we hear word

You nor get Sense
Even if you be dangote pickin, it go affect you, shey you know?


Foolish man.

8 Likes

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