₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,345,378 members, 8,517,111 topics. Date: Wednesday, 11 November 2026 at 07:40 PM

Toggle theme

Naira Depreciates Further Against Dollar - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Depreciates Further Against Dollar (743 Views)

1 Reply

Naira Depreciates Further Against Dollar by willywasco(op): 9:02pm On May 25, 2016
The Naira on Wednesday weakened further against the dollar at the parallel market, barely 24 hours after the Central Bank of Nigeria (CBN) moved for the adoption of a flexible exchange rate.


The naira sold at N350, weakening further from its rate on Tuesday when it went for N347 to a dollar.
The Pounds Sterling and the Euro opened at N385 and N380 and closed at N390 and N385 respectively.

Traders at the market said that they were keenly watching out for the impact of the new foreign exchange policy of the apex bank at the market.

More: http://nigerianpilot.com/naira-depreciates-dollar/
Re: Naira Depreciates Further Against Dollar by BeeBeeOoh(m): 9:03pm On May 25, 2016
Thanks To Buharinomics. I pray will still have money 2 buy data & log onto Nairaland by 2019
Re: Naira Depreciates Further Against Dollar by willywasco(op): 9:12pm On May 25, 2016
BeeBeeOoh:
Thanks To Buharinomics. I pray will still have money 2 buy data & log onto Nairaland by 2019
Amen oooooooooooo
1 Reply

Naira Depreciates Further On Investors FX Window • Naira Depreciates Further As Dealers Await New FX Regime • Naira Depreciates To N355/$ • 2 • 3 • 4

Many Banks Unqualified As CBN Reveals FX Dealers Today • Has Anyone Noticed This? • The Business Opportunities In Corn (maize)