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Naira Slumps Further, Exchanges For 473/$ - Business - Nairaland

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Naira Slumps Further, Exchanges For 473/$ by Officialhorlah(m): 7:24am On Jan 13
The naira suffered further setback at the parallel market and Investors and Exporters forex window on Tuesday.

According to figures obtained from Bureau De Change operators, the naira exchanged to the dollar for 473/$ at the parallel market.

It had earlier gained in recent times after it closed the year 2020 at 467/$.

At the I&E window, the naira fell by 0.17 per cent to close at 394/$ on Tuesday.

It reached a low of 401 at the I&E window at the close of 2020.

The Central Bank of Nigeria however maintained the official exchange rate at N379/$ on its website.

The Association of Bureaux De Change Operators of Nigeria recently appealed to the CBN to make BDCs payout agents for diaspora remittances.

The President, ABCON, Alhaji Aminu Gwadabe, said the apex bank should leverage the over 5,000 licensed BDCs across the country to get dollars seamlessly to beneficiaries.

Gwadabe said this would help in providing a more convenient channel for Nigerians in the diaspora to remit funds back to the country to boost economic development.

https://punchng.com/naira-slumps-further-exchanges-for-473/

1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by matrix199(m): 7:26am On Jan 13
E never reach time dem go rush this naira go hospital? Like play like play, naira wan die for awa hand

107 Likes 5 Shares

Re: Naira Slumps Further, Exchanges For 473/$ by Elsanchez: 7:30am On Jan 13
Naira is on live support

20 Likes

Re: Naira Slumps Further, Exchanges For 473/$ by Frustrated007: 9:18am On Jan 13
cry
God please make my money complete make I japa before this country spoil finish..
Baba God I beg you! cry
I must enter Canada.. either by hook or crook! undecided

39 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by Cti28(m): 9:18am On Jan 13
grin grin

#1 = 1$ na the matter will still dey settle for 6 years.

68 Likes 2 Shares

Re: Naira Slumps Further, Exchanges For 473/$ by NwaNimo1(m): 9:18am On Jan 13
N500 be dat....

43 Likes

Re: Naira Slumps Further, Exchanges For 473/$ by virginboy1(m): 9:18am On Jan 13
This,"I belong to everybody and I belong to nobody" President.

Has further destroyed our Naira.. cry

Even Five Naira can not buy ordinary Kuli Kuli. cry

66 Likes 2 Shares

Re: Naira Slumps Further, Exchanges For 473/$ by Racoon(m): 9:18am On Jan 13
The end effect of voodoo Buharieconomics on a import dependent oil mono-economy.Oya zombies make una come explain.

14 Likes

Re: Naira Slumps Further, Exchanges For 473/$ by DropsMic(m): 9:18am On Jan 13
Hmm
Re: Naira Slumps Further, Exchanges For 473/$ by Athiefku: 9:18am On Jan 13
Abeg i wan sell this space. I have nothing to say
Re: Naira Slumps Further, Exchanges For 473/$ by jerryunit48: 9:18am On Jan 13
And they also blamed those in Diaspora , now we can’t send Naira directly to naija account from Europe, it has to be Dollar.
I am not an economist but I wonder how blocking sending Naira to Nigeria is the problem

16 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by Sabowest(m): 9:18am On Jan 13
I go leave this naira for una lipsrsealed

10 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by slawormiir: 9:18am On Jan 13
Damnnn niggarrrr
Isoright
....

The way our naira is going down soon it will discover oil
Las las we go dey alright

11 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by handsomeyinka(m): 9:19am On Jan 13
To be honest...Goodluck Jonathan was a better president than Buhari.

I blame the day Buhari was born.

People that voted for Buhari right now

68 Likes 2 Shares

Re: Naira Slumps Further, Exchanges For 473/$ by ChiefSosa(m): 9:19am On Jan 13
OUR DARLING DADDY IS WORKING... GOD BLESS HIM.
WATCH HOW BMC WILL AVOID THIS NEWS. THEY WON'T COMMENT.

11 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by chinchonglee(m): 9:19am On Jan 13
Stop lying dis pple.
Dollar sells for 476.5

6 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by Tajbol4splend(m): 9:19am On Jan 13
Nigerian money once beat Dollar, I hope it's not going to be like Venezuela currency
Re: Naira Slumps Further, Exchanges For 473/$ by Peaceest: 9:19am On Jan 13
This present Government are working really hard to make our lives difficult. Thanks to the buharist. All of una go pay!
Please share this blasting video until it gets to them:

https://www.youtube.com/watch?v=Y26HZ3rjAPs

5 Likes 3 Shares

Re: Naira Slumps Further, Exchanges For 473/$ by shegzhkn: 9:19am On Jan 13
Really ??, First bank sold one USD for #415 just last week.
Re: Naira Slumps Further, Exchanges For 473/$ by RapistOnBail: 9:20am On Jan 13
undecided

Lazy youths will continue suffering.

Re: Naira Slumps Further, Exchanges For 473/$ by MrHighSea: 9:20am On Jan 13
by 2023, na N1000 e go be.

how larger families are coping?

As a bachelor, I dy feel d heat.

This country dy like Boeing 747 with failed engines.
we're just gliding.

by 2023 let's not find ourselves in Mediterranean.

13 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by samwheel(m): 9:20am On Jan 13
matrix199:
E never reach time dem go rush this naira go hospital? Like play like play, naira wan die for awa hand
grin

1 Like

Re: Naira Slumps Further, Exchanges For 473/$ by bigdammyj: 9:20am On Jan 13
Noted
Re: Naira Slumps Further, Exchanges For 473/$ by Nbotee(m): 9:20am On Jan 13
Why naira no go dey slump anyhow wen the ppl in charge no dey give am healthy policies

6 Likes 3 Shares

Re: Naira Slumps Further, Exchanges For 473/$ by EmekaBlue(m): 9:20am On Jan 13
Jesus Oluwawa.

Who told me to change that my 200$ last December o!

By the time Bubu the thing mallam from daura and his government crew is through with Nigeria ehn nobody go even like become president again because na serious debt the appointment will inherit. Failed government

4 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by Latidoh1: 9:20am On Jan 13
matrix199:
E never reach time dem go rush this naira go hospital? Like play like play, naira wan die for awa hand
Lol. Make the thing no enter coma follow there go. E don too slump

3 Likes

Re: Naira Slumps Further, Exchanges For 473/$ by Enceladus(m): 9:20am On Jan 13
There is only one direction for the Naira as long as we have a clueless administration in charge of the nation.

4 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by Sabadon(m): 9:20am On Jan 13
E be things

3 Likes 1 Share

Re: Naira Slumps Further, Exchanges For 473/$ by femi4: 9:20am On Jan 13
This Country Na Wa O
Re: Naira Slumps Further, Exchanges For 473/$ by Eriokanmi: 9:20am On Jan 13
CBN no dey even send forex allocation to banks again for SMIEs essential import which kain government be this sef ?
Re: Naira Slumps Further, Exchanges For 473/$ by Jazzafizzy(f): 9:20am On Jan 13
shocked

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