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Naira Drops To 235 Against Dollar - Business - Nairaland

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Naira Drops To 235 Against Dollar by rozayx5(op): 11:09am On Jul 10, 2015
The naira fell further to a new record low of 235 to the dollar at the parallel market on Thursday, as dollar shortages persisted, foreign exchange dealers said.

The President, Association of Bureau De Change Operators, Aminu Gwadabe, said people were holding dollars to protect themselves against further naira weakness.

The naira, however, ended at 196.95 on the official interbank market on Thursday.

The local currency had fallen to 233.5 earlier in the week.

The naira has been on the ropes on the parallel market since the Central Bank of Nigeria introduced new measures two weeks ago restricting importers from sourcing the greenback from the interbank market, shifting dollar demand to the black market.

The naira, which was selling at 218 before the new forex rule, had been dropping steadily against the dollar since then.

Analysts had predicted that the naira might fall to 250 against the dollar if the current demand pressure persisted.

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, had on Wednesday said the central bank’s forex rules were yielding results as the external reserves had started to recover grafually.
http://www.punchng.com/business/money/naira-drops-to-235-against-dollar/
Re: Naira Drops To 235 Against Dollar by Emekamex(m):
.

Re: Naira Drops To 235 Against Dollar by RobinHez(m): 11:13am On Jul 10, 2015
NIGERIA IS BURNING, PEOPLES ARE DYING.
OUR POLITICIANS ARE LOOTING, HUNGER IS STRIVING.
BOKO HARAM IS BOMBING, MILITARY OFFICERS ARE CLUBBING.
PEOPLES ARE DYING, BUHARI IS ONLY CONDEMNING.
APC HAS PROMISE, BUHARI IS BREAKING.
COPERS ARE WAITING, OUR CHILDREN ARE HUNGRY.
NASS ARE FIGHTING, SARAKI IS STRUGGLING.
DOGARA IS POINTING APC IS REJECTING.
IGBOS ARE HATING, NIGERIANS ARE FOLLOWING.
YORUBA'S ARE WATCHING EVEN THE HAUSA'S AREN'T SMILING.
ZAHRA IS ROCKING, PRESIDENCY IS DENYING.
BUHARI IS SLEEPING, OSINBAJO IS VISITING.
NAIRALANDERS ARE COMMENTING, MODS ARE POSTING.
DEVIL IS PLANNING, GOD IS WATCHING .
I AM SAYING THE TRUTH PEOPLE'S ARE LIKING
sauce: www.nairaland.com/Bashirfuntua
Re: Naira Drops To 235 Against Dollar by okeyglm:
still waiting naira to equal dollar.
ndi ara
Re: Naira Drops To 235 Against Dollar by sorextee(m): 11:13am On Jul 10, 2015
i cant wait till it gets to 500naira a dollar.. wink
Re: Naira Drops To 235 Against Dollar by temitemi1(m): 11:17am On Jul 10, 2015
235huh What happened to " I will make 1naira to 1 dollar"huh
Re: Naira Drops To 235 Against Dollar by Nobody: 11:17am On Jul 10, 2015
*sigh!
Re: Naira Drops To 235 Against Dollar by osaslord500(m): 11:19am On Jul 10, 2015
Buhari how market?
Re: Naira Drops To 235 Against Dollar by saintopus(m): 11:31am On Jul 10, 2015
The rate at which the naira is falling against the dollar we may use it as toilet paper in no too distant time
Re: Naira Drops To 235 Against Dollar by nawtibownie: 11:39am On Jul 10, 2015
It is well!
Re: Naira Drops To 235 Against Dollar by atlwireles: 11:44am On Jul 10, 2015
Reality is slowly setting in,waiting for the inflations numbers. The treasury market is now a dumping ground with short term bonds heading toward 20%
Re: Naira Drops To 235 Against Dollar by rozayx5(op): 12:33pm On Jul 10, 2015
atlwireles:
Reality is slowly setting in,waiting for the inflations numbers. The treasury market is now a dumping ground with short term bonds heading toward 20%
Re: Naira Drops To 235 Against Dollar by Nobody: 12:43pm On Jul 10, 2015
ALL thanks to BUHARI
Re: Naira Drops To 235 Against Dollar by wildchild1: 12:48pm On Jul 10, 2015
Hmmmm,whats the CBN governor still doing in office?
Re: Naira Drops To 235 Against Dollar by CR77(f):
Well done baba one change cheesy
Re: Naira Drops To 235 Against Dollar by sweatlana: 12:48pm On Jul 10, 2015
Where is our N1 -$1 promise?
Re: Naira Drops To 235 Against Dollar by fatdon2(m): 12:48pm On Jul 10, 2015
I give up
Re: Naira Drops To 235 Against Dollar by Sijo01(f): 12:48pm On Jul 10, 2015
Buhari, you promised $1=#1 embarassed
Re: Naira Drops To 235 Against Dollar by money121(m): 12:48pm On Jul 10, 2015
huh huh huh huh




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Re: Naira Drops To 235 Against Dollar by CR77(f): 12:48pm On Jul 10, 2015
cheesy cheesy Say it again cheesy cheesy
okeyglm:
still waiting naira to equal dollar.
ndi ara
Re: Naira Drops To 235 Against Dollar by Buchukwu: 12:48pm On Jul 10, 2015
SAI BUHARI
Re: Naira Drops To 235 Against Dollar by BizBayo: 12:48pm On Jul 10, 2015
I know some people will start sprewing rubbish. Wetin concern us with the parallel market, the official rate is what should be publicized.

Parallel ko, vertical ni.
Re: Naira Drops To 235 Against Dollar by tspun(m):
God what is happening to my country? Pls someone should remind me if will didn't replace a bad government with a worse one.
Re: Naira Drops To 235 Against Dollar by YerYer: 12:48pm On Jul 10, 2015
This is really sad, its almost as if we are in a twilight zone watching this nation free fall into oblivion. Where do we even begin to turn things around?
Re: Naira Drops To 235 Against Dollar by Nobody: 12:48pm On Jul 10, 2015
Buhari should just drop from that seat against naira.
Re: Naira Drops To 235 Against Dollar by asumo12: 12:49pm On Jul 10, 2015
sad sad sad angry angry angry
Re: Naira Drops To 235 Against Dollar by trailblaiza(m): 12:49pm On Jul 10, 2015
x
Re: Naira Drops To 235 Against Dollar by phollybee(m): 12:49pm On Jul 10, 2015
still waitin for #1 to equal $1
...............................
Re: Naira Drops To 235 Against Dollar by wildchild1: 12:49pm On Jul 10, 2015
sorextee:
i cant wait till it gets to 500naira a dollar.. wink
Yahoo boy alert grin
Re: Naira Drops To 235 Against Dollar by Nobody:
OK nah... Baba a beg do the magic na... Or was it really about Idiagbo?
Re: Naira Drops To 235 Against Dollar by berrystunn(m): 12:50pm On Jul 10, 2015
[size=45pt]0ne to one [/size]
1 2 3 4 5 Reply

Naira Drops To 490/$1, 600/£1Naira Drops To 313.5 As Dollar Shortage PersistsNaira Drops To 251/dollar, External Reserves Now $29.7bn234

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