Tuesday, September 27, 2016

Naira Now 445 To A Dollar!

The naira sustained its decline on the parallel market as it slipped to N445 to the dollar yesterday, lower than the N440 to the dollar it closed on Friday as pressure and activities of speculators continued to hurt the nation’s currency.

Mr Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria has however argued that the current rate of the naira on the parallel market was not a true reflection of the value of the currency. He also attributed the development to the activities of speculators. According to him, the situation in the parallel market was being driven by speculators taking advantage of the poor implementation of the Central Bank of Nigeria (CBN) policy requiring banks to sell dollars to bureau de change (BDC) operators.


  1. I know the fall will stop, it can't fall forever

  2. Hmmmm, no going bck

  3. Congratulations Nigeria. I don't know what to say again

  4. You bet! You better invest in actionable skill!

    A skill is capital! Exchange it for money. Invest in a superb skill. Even females can fix phones and make money! Google ipad rehab, a PhD holder in USA, Jessa is doing it...a woma...a mother! She now trains people flying in from all over the world!

    Defeat UnEmployment !!

    A business either sells products or services. Oftentimes, people wait for an individual, corporate organisations, or a small business set up by another individual to employ them before they earn a living. There is nothing fundamentally wrong with that. It is the way of the world system. However, the reality is... Get Started

    Visit Here