Naira Depreciation - Business - Nairaland
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| Naira Depreciation by Nobody: 9:52am On Feb 23, 2016 |
Good morning everyone, Please could someone kindly take their time to explain what exactly is going on, because quite frankly, I don't understand? Why is the Naira depreciating on a DAILY basis? I'm not trying to bring politics into this, but, it wasn't this bad when Goodluck Jonathan was the President. Now, all of a sudden, we're experiencing this. Are there certain factors causing this? It has never been this bad, to the best of my knowledge. Thanks in advance for you responses. |
| Re: Naira Depreciation by Elosky20: 10:06am On Feb 23, 2016 |
IamDelilah:we are experiencing scarcity of dollars due to the fall in oil price. then the cbn placed restriction on certain products u can get in nigeria. leaving the black market to determine xchange rate. |
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Scrap Bdcs And Save Naira From Continued Devaluation / When One Head Is Better Than Two. / Outsourcing Janitorial Services
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