Naira Falls To All-time Low Of 527 Naira To A Dollar - Business

Naira Falls To All-time Low Of 527 Naira To A Dollar - Business - Nairaland

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Naira Falls To All-time Low Of 527 Naira To A Dollar by Chrisbeks(op): 7:19am On Aug 31, 2021

The naira extended its decline on Monday, sliding to an all-time low of 527 against the dollar at the parallel market.

The local currency, which has been on a downward trend in recent weeks, fell to 524 against the greenback on Friday from 522/$1 on Thursday.

At the Investors and Exporters’ window, the naira, however, strengthened to 411.63/$1 on Monday from 412/$1 on Friday, according to FMDQ Group.

The naira had strengthened to 506/$1 on August 4 after plunging to 525/$1 at the parallel market on July 28, a day after the Central Bank of Nigeria stopped foreign exchange sales to Bureaux de Change.

The CBN Governor, Mr Godwin Emefiele, had on July 27, at the end of the Monetary Policy Committee meeting, announced the stoppage of forex sale to the BDCs, saying they had turned themselves into ‘agents that facilitate graft and corrupt activities of people who seek illicit fund flow and money laundering in Nigeria.’

https://punchng.com/naira-falls-to-all-time-low-of-527-against-dollar/

4 Likes

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by vibre: 7:23am On Aug 31, 2021

It will still reach 600 to a dollar before the end of next month. Buhari's target is to take it to over 1000 to a dollar before 2023 Insha Allah. Sai Baba!!

292 Likes 24 Shares

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by Nbotee(m): 7:31am On Aug 31, 2021

It's only going to get worse before d end of the year and by next year when the campaign season begins, our official currency becomes the dollars

34 Likes 1 Share

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by clarocuzioo(m): 7:44am On Aug 31, 2021

What Buhari cannot destroy does not exist.

260 Likes 11 Shares

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by blueyonder6: 2:17pm On Aug 31, 2021

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Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by kambili999(f): 2:17pm On Aug 31, 2021

OK na. we won't die. God will continue to guide and see us through in this country.

45 Likes 3 Shares

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by Nobody: 2:18pm On Aug 31, 2021

I wander what our brothers from the east would have been saying if The CBN Governor is a Yoruba Muslim huh

It would have been worst if is a Muslim from the North... The shout of quota system will fill 2-3 pages grin

Emefiele is a disaster just like GMB.

75 Likes 6 Shares

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by RedEnergy: 2:18pm On Aug 31, 2021

And we still have about 20 months of Buhari government to go

111 Likes 5 Shares

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by SUGARCyprian247: 2:18pm On Aug 31, 2021

Omo

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by SpecialAdviser(m): 2:18pm On Aug 31, 2021

Big Shame especially to his supporters!

38 Likes 2 Shares

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by kevweflex(m): 2:18pm On Aug 31, 2021

Na wa o for naira o. Becoming unbecoming of the government.

6 Likes 1 Share

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by Nobody: 2:18pm On Aug 31, 2021

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by Sunnybay7: 2:18pm On Aug 31, 2021

The cow advocate you call President has perfected plans to sink the country.

32 Likes 4 Shares

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by jospepper(m): 2:18pm On Aug 31, 2021*

Naira is on a Free fall

2023 is coming if una like make Una collect 1k bypass better people go elect yeye ones

18 Likes

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by zombieHUNTER: 2:18pm On Aug 31, 2021*

It's another one

Sai barber and his jihadist zombies powered by Yoruba Muslims breaking all records...

Nigeria sinking daily..
While unemployed Yusuf Buhari robs shoulders with dangote ...

And hungry zombies keeps chanting darling daddy.. what a joke of a country

50 Likes 1 Share

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by obonujoker(m): 2:18pm On Aug 31, 2021

God, just give $1m dollars please... Have I not suffered enough in this Nigeria? Please Gos

15 Likes 3 Shares

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by Firstandonly(m): 2:18pm On Aug 31, 2021

Buhari has done it again!!! grin

3 Likes

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by SPLENDID25(m): 2:18pm On Aug 31, 2021

Hmmm

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by FutureHNDRxXx: 2:18pm On Aug 31, 2021*

With this trajectory, it’s worrying not to assume that the Naira will exchange for at least 589- 650 this December and up to #1000 by the end of 2023. But Kai, Sai Baba sad

12 Likes 1 Share

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by CelestineNelson: 2:19pm On Aug 31, 2021*

Obviously, an average for person in US is a billionaire in Nigeria

11 Likes 1 Share

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by Generalwoodz(m): 2:19pm On Aug 31, 2021

Good news for we freelancers that earns in dollars.
Na only mumu dey save money for Nigerian bank grin

15 Likes 2 Shares

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by teemann24: 2:19pm On Aug 31, 2021

Very pathetic....buhari na disaster to mankind

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Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by Selfmotivated: 2:19pm On Aug 31, 2021

Naira in free fall... Government don't care. All they are thinking is how to introduce E-naira Oct 3. What a country!

5 Likes 1 Share

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by iwaeda: 2:19pm On Aug 31, 2021

Chrisbeks:
https://punchng.com/naira-falls-to-all-time-low-of-527-against-dollar/

Buhari is working and walking! And our GDP is now growing by 5.0%. Next Level is just loading. God will save us.

2 Likes

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by Ruggedniggaone: 2:19pm On Aug 31, 2021

Naira is on it way to become 1 naira to 1 dollar just trust the process bubu is working very hard day and night

6 Likes 1 Share

Re: Naira Falls To All-time Low Of 527 Naira To A Dollar by Zane2point4(m): 2:20pm On Aug 31, 2021

He thinks its by rearing usless cattle.
Spending tax payers money to fund his tribes men businesses

How will naira strengthen, wouldn't it have bn better he injected those billions into aviation sector since we gain foreign exchange from there.

Next time if una see anyhow person vote am in pls.

Do tribalism and loose your breath,fools.

20 Likes 2 Shares