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Thursday 14 January 2016

Naira weakens, sells at N305 to dollar...

 That was fast, just yesterday afternoon its was N295 to $1, in less than 10hrs its changed, can we all agree that change is really here?
Counterfeit naira
The naira, Wednesday, depreciated further to N305 per dollar as scarcity of dollars intensified in the parallel market.
From an average of N287 per dollar, Tuesday, the parallel market exchange rate rose to an average of N305 per dollar across the country.
Since Monday when the Central Bank of Nigeria (CBN) stopped the weekly dollar sales to Bureaux De Change (BDCs), the naira has been depreciating against the dollar.

I guess we can all kiss shopping online with your Debt naira mastercard ngwa byeee...
By the time you use your Naira mastercard to shop online,only change will remain... (#runsAway)

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