It's official... naira now Africa's worst performing currency of 2016 - TheCable

The Nigerian naira took a dive on Thursday at both parallel and official markets, becoming the worst performing currency in Africa in 2016.www.thecable.ng

ohhhhhhhh... There was a country

Very despicable!

Chai! This man has done it again. It seem that he is here to repeat the hardship that he inflicted on the citizens in 1984 again?

Is that all?

It’s official, Naira now Africa’s worst performing currency of 2016....Current value will shock you

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The Nigerian naira took a dive on Thursday at both parallel and official markets, becoming the worst performing currency in Africa in 2016.


The naira, which began trading at around 283 to the dollar at the interbank market on Thursday, depreciated to 284/$1 to become the third worst performing currency in the world for 2016.

Nigerian naira, according to Bloomberg data, came ahead

of only two currencies in the world – Venezulan bolivar and Suriname dollar.

At the Nigerian parallel market, the naira fell to its lowest level since the start of the new foreign exchange regime, trading at 363/$1 and 485 to the pound in Abuja and Port Harcourt.

The Euro traded above N390 in Lagos and under 380 in the nation’s capital, Abuja.

In 2016, the naira has lost 29.61 percent of its value on the official market, following the decision of the Central Bank of Nigeria (CBN) to allow for a floating foreign exchange regime.

The top three performing currencies of 2016 are all universal currencies; Silver, Gold and Platinum, which have gained 45.93 percent, 25.11 percent and 22.79 percent respectively.

These currencies are followed by the Brazilian real, the Russian rubble and the Japanese Yen.

The best performers in Africa are South African rand, Zambian kwacha, Somali shilling and Botswana Pula, which have gained 8.88 percent, 8.69 percent, 5.54 percent and 4.95 percent respectively.

At the base of the African currencies are the naira, Mozambique new metical, Sierra Leone leone, and the Angolan kwanza.

The CBN remains “reasonably optimistic” that the naira would eventually settle at 250 to the dollar at the interbank market.

The local currency has been on the downward swing following a plunge in crude oil prices and a consequent decline in Nigeria’s foreign reserves.

It’s official, Naira now Africa’s worst performing currency of 2016....Current value will shock you


The Nigerian naira took a dive on Thursday at both parallel and official markets, becoming the worst performing currency in Africa in 2016.


The naira, which began trading at around 283 to the dollar at the interbank market on Thursday, depreciated to 284/$1 to become the third worst performing currency in the world for 2016.

Nigerian naira, according to Bloomberg data, came ahead

of only two currencies in the world – Venezulan bolivar and Suriname dollar.

At the Nigerian parallel market, the naira fell to its lowest level since the start of the new foreign exchange regime, trading at 363/$1 and 485 to the pound in Abuja and Port Harcourt.

The Euro traded above N390 in Lagos and under 380 in the nation’s capital, Abuja.

In 2016, the naira has lost 29.61 percent of its value on the official market, following the decision of the Central Bank of Nigeria (CBN) to allow for a floating foreign exchange regime.

The top three performing currencies of 2016 are all universal currencies; Silver, Gold and Platinum, which have gained 45.93 percent, 25.11 percent and 22.79 percent respectively.

These currencies are followed by the Brazilian real, the Russian rubble and the Japanese Yen.

The best performers in Africa are South African rand, Zambian kwacha, Somali shilling and Botswana Pula, which have gained 8.88 percent, 8.69 percent, 5.54 percent and 4.95 percent respectively.

At the base of the African currencies are the naira, Mozambique new metical, Sierra Leone leone, and the Angolan kwanza.

The CBN remains “reasonably optimistic” that the naira would eventually settle at 250 to the dollar at the interbank market.

The local currency has been on the downward swing following a plunge in crude oil prices and a consequent decline in Nigeria’s foreign reserves.

ifa talk wetin dey my mind now, mod go fit barn me for life, so I comment my reserve

Rose2014:

Shift, make I follow laff

brightology3:
ifa talk wetin dey my mind now, mod go fit barn me for life, so I comment my reserve

No talk abeg, follow us laff..

allow zombies do the talking

dunkem21:



Shift, make I follow laff

Shifted already lol Abeg help me beg APC to take us back to 2015
Anytime I see news like this, the change in this pic comes to mind.

Even Somalian money get levels pass our own

Rose2014:

Shifted already lol Abeg help me beg APC to take us back to 2015
Anytime I see news like this, the change in this pic comes to mind.

For a while now, I haven't heard from the minister of information.. Alhaji Lai Lalasticlala