Breaking News: Naira Crashes To Almost N500 To US Dollar

Date: 28-05-2021 2:30 pm (2 years ago) | Author: CLARA JANCITA
- at 28-05-2021 02:30 PM (2 years ago)
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The Nigerian Naira has suffered two consecutive days of meltdown in the unofficial market as it tumbles by about N17 for each dollar.

The market had some semblance of stability for weeks, selling and buying at between N480-485.

But the long-suffering Nigerian currency moved southwards after the Central Bank published on Monday night a devalued rate for Naira, offering it at the NAFEX window at N410 to the US Dollar.

This sparked reactions from the parallel or Black Market.

On Wednesday, the Naira lost N6 to the dollar, reaching ₦ 493.00 This corresponds to 1.23% rise compared to previous day.

On Thursday, the currency fell further to N488/495, a rise of 0.4 percent.

Posted: at 28-05-2021 02:30 PM (2 years ago) | Hero
- ikpotokin at 28-05-2021 03:43 PM (2 years ago)
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The country is finished
Posted: at 28-05-2021 03:43 PM (2 years ago) | Gistmaniac
Reply
- titobenja at 28-05-2021 05:05 PM (2 years ago)
(m)
R.I.P TO NIGERIA.
Posted: at 28-05-2021 05:05 PM (2 years ago) | Gistmaniac
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- MOnkey at 29-05-2021 08:21 AM (2 years ago)
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OOO

your Dollar currency can never be more than my, cent currency ..also your Naira currency can never be more than my kobo

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Posted: at 29-05-2021 08:21 AM (2 years ago) | Upcoming
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- adesmith2006 at 30-05-2021 10:17 AM (2 years ago)
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Do Nigeria really have government...  its very sad Nigeria is been ruled by blind and deaf people
Posted: at 30-05-2021 10:17 AM (2 years ago) | Newbie
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