The Nigerian Naira plunged against the United States dollar on Monday to its lowest in a week.

The local currency which closed at N380 to a U.S. dollar on the parallel market on Friday, slid to N390 on Monday.

However, the Naira which has been hovering between N380 and N410 to a dollar in the past two weeks has failed to substantially close the gap between the official and black market rates.

Prompting the Central Bank of Nigeria to sell about $3 billion since the intervention began in February.

Accordingly, the CBN on Monday offered a fresh $246.2 million to authorised dealers at the forex auction in the interbank wholesale window –‘the Small and Medium Enterprises and invisibles’ segments.

The breakdown shows the sum of $150 million was auctioned at the wholesale window while the SMEs and invisibles were appropriated $52 million and $44.2 million respectively.

This was confirmed by the CBN spokesman, Mr. Isaac Okorafor, who stated that the forward sales would be concluded in the days to come.

He further stated that the CBN would continue its weekly sales to dealers in the Bureau de Change segment in order to guarantee onward sale to end users.

“The SME operators no longer have to patronise or source foreign through unofficial windows and no more pressure on either the BDCs or any other unofficial source with the opening of the special window,” he added.

http://investorsking.com/naira-plunges-to-n390-per-dollar-on-parallel-market/

Aiit

It was a mistake to remove Okonjo Iweala and vote in these clues animals.
How is it so difficult to keep naira stable, even at 1000 naira per dollar?

we want our #1=$1 #bringbackournaira.

itz my birthday .may my years multiply like the naira

Hmm

Let them allow this naira stay one place nah

buying bitcoin 390/$

.

The thing don enter reverse gear again

Contact me for sure 2 odds per day.

and i heard 382naira considering the amount they injected yesterday.

Nigeria will be great one day weda apc and pdp like am or not.....Yesterday i just dey imagine ,if all the money naija owns, them use am develop this nation en,naija would have been one of the finest countries in the world......if you believe naija will be better some day, shout naija!

Smellymouth:
Hmm

guy,I no know say u be member of "Nairaland" space bookers association of naija

The injections are not working. The malaria is strong on the naira.

Chai

dessz:
guy,I no know say u be member of "Nairaland" space bookers association of naija

I just dey surprise how naira dey so unstable. Lol

OreoPaschal:
and i heard 382naira considering the amount they injected yesterday.

Inject KO
Chuck ni

Apc zombies don't mind them when they defend their grand master nd Apc in public almost all of them are dying of hunger in secret





Am a proudly wailer and am feeding well

Walahi me I don't understand for this kwom and be going gormenty... Economy yamutu.

ZUBY77:
It was a mistake to remove Okonjo Iweala and vote in these clues animals.
How is it so difficult to keep naira stable, even at 1000 naira per dollar?

hmmmm and those animals are you parent that give birth to you and keep you in Zoo. So Mr animal have a nice day.

I have a payoneer card for sale. pm or quote me if interested.

This has been the range for over two months. This is where they want it to be. The cabals know what they are doing. Deceiving innocent Nigerians... It's all lies until it reaches 250

Ok

clems88:
itz my birthday .may my years multiply like the naira

May your life continue to wax stronger like dollars invested during Buhari's era. And never crash like naira in the late 2016/17.


Happy Birthday, wishing you long life and prosperous years ahead.

Nigerian's currency as unstable as buhari's health. smh

Well, i just hope the presidency is aware of this development

Please bring our Naira back to it's normal exchange rate N150 per USSD1 as of when you took over power.
Keep your N1 equal to USD1 for your now and next generation.

Rubbish, I only pity the innocent masses that knew that this old sadist and his gang of opportunists has nothing good to offer except sorrows, but are unfortunate to suffer with the stvpid ones that supported & still supports the wicked and senile sadist. Personally, Naira can plummet to 1000 to a dollar, I dont give a damn anymore. Its even to the advantage of the smart ones that are thinking outside the box. The senile sadist thinkr he is doing us but he is doing himself and millions of his people that are too lazy and dull to earn dollars, whether legally or illegally. We in the South have millions of diaspora folks sending remittances and many at home also earning dollars from freelancing. !Diots!!!