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UNBELIEVABLE: Naira Depreciates Again And Hits N208 To The Dollar - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessUNBELIEVABLE: Naira Depreciates Again And Hits N208 To The Dollar (629 Views)

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UNBELIEVABLE: Naira Depreciates Again And Hits N208 To The Dollar by loadednaija(op): 7:29am On Jan 24, 2015
The Naira on Friday, January 23, depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, January 19, the News Agency of Nigeria (NAN) reports.
The rate has made the Naira to lose N16.50 within five days.

The Central Bank of Nigeria’s website, however, put the Naira against the dollar at N167.50, while the Pound sold for N253.20 and the Euro stood at N193.89.

The development has resulted into speculation in the market and caused ripple effects on other currencies.

According to the Vanguard, some Bureau De Change and Black Market operators in Lagos said that they could not give rates to the Pound Sterling and the Euro.

Reportedly, dealers who preferred anonymity said that there was scarcity of dollars in circulation. They warned that the naira could depreciate further by next week.

Source: http://www..com/naira-depreciates-hits-n208-to-the-dollar

Re: UNBELIEVABLE: Naira Depreciates Again And Hits N208 To The Dollar by derrick333(m): 7:48am On Jan 24, 2015
Oh God ,plz let us nt end up like zimbabwe,dat a whyt man lodges in 1of dia 5star hotel ,gave dem 1doller n de gav him 2Ghana must-go ,filled wit zimbabwe currency, as his balance
Re: UNBELIEVABLE: Naira Depreciates Again And Hits N208 To The Dollar by ruffp: 8:03am On Jan 24, 2015
"Transformation Agenda"..............fresh air tins
Re: UNBELIEVABLE: Naira Depreciates Again And Hits N208 To The Dollar by OCTAVO: 8:06am On Jan 24, 2015
Nawa oooooooo! Chai
God dey!
Re: UNBELIEVABLE: Naira Depreciates Again And Hits N208 To The Dollar by sundayid(m): 5:39am On Nov 09, 2023
OCTAVO:
Nawa oooooooo! Chai
God dey!
We never see anything then 😂😂😂
Re: UNBELIEVABLE: Naira Depreciates Again And Hits N208 To The Dollar by adotse1(m): 7:13am On Nov 10, 2023
Lol. Omo.. see mending na
Re: UNBELIEVABLE: Naira Depreciates Again And Hits N208 To The Dollar by MindOnMatters00(m): 10:27am On Nov 10, 2023
sundayid:
We never see anything then 😂😂😂
Imagine
1 Reply

Unbelievable!!! Naira Falls To N485/$1, N600/£1Naira Depreciates To N355/$GTB Mastercard Charges ~N225/$1 While Amazon Charges ~N208/$1 , Any Reason Why ?234

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