₦airaland Forum

The Nigerian Naira has seen its lowest value in history, trading at N238 to $1 (US Dollar).
The uncertainties, Zero Government policies, Increased Insecurity, a Stagnant Government at the center has put a pressure on the currency and Consumer confidence of the economy has dropped more than 36% in the last 3 weeks.

The Naira ended at N196.95 to the US dollar on May 29, 2015, implying that it has lost 21% of its value in 6 weeks.

President Muhammadu Buhari Promised to ensure that N1 will equal to one US Dollar if he assumes office, regrettably, the reverse is the case now.

kingsley3218:
The Nigerian Naira has seen its lowest value in history, trading at N238 to $1 (US Dollar).
The uncertainties, Zero Government policies, Increased Insecurity, a Stagnant Government at the center has put a pressure on the currency and Consumer confidence of the economy has dropped more than 36% in the last 3 weeks.

The Naira ended at N196.95 to the US dollar on May 29, 2015, implying that it has lost 21% of its value in 6 weeks.

President Muhammadu Buhari Promised to ensure that N1 will equal to one US Dollar if he assumes office, regrettably, the reverse is the case now.

Stop supplying false information, the N196.95 that you quoted for May 29 is the CBN rate, the black market rate at that time was N232, now the CBN rate is N198.9 and the black market rate is N238. Stop making people panic unnecessarily!