Breaking News: Dollar Exchanges $1 to N184

716 Viewed admin 6 responds

In a shocking development, the exchange rate today dropped by half across board. Dollar to the Naira dropped from N360 to N184 while the Pound dropped from over N400 to N240.

There is no clear indication of why this exchange rate is reflected on internation exchange rate calculators while the Central Bank website does not reflect these new exchange rate.

 

This looks like a move meant to influence the on-going elections. It will be recalled that the Presidency had earlier lamented the amount of foreign currency in circulation in the country. With this drop in the exchange rate, the value of any foreign currency in circulation is automatically halved.

We shall await further developments on this issue.

Don't miss the stories followAfrican News Today and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Nigeria: PDP Demands Immediate Release of Kwara Senator Ibrahim

Nigeria: PDP Demands Immediate Release of Kwara Senator Ibrahim

Breaking News: Naira Returns to 361 to a Dollar

Breaking News: Naira Returns to 361 to a Dollar

Related posts

6
Leave a Reply

avatar
6 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
6 Comment authors
Emon ArefinJunior Emmanuel AgwegiokheEmmanuel UcAwodoye Adetunji OluwaseyiPatrick Odiaka Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
David Dawit
Guest

What does it mean?

Patrick Odiaka
Guest

This government has to a fraud. Does this mean a collusion between the CBN and the government to suffer the economy to enrich their members? Same thing with fuel subsidy that all of sudden it’s reduced by five naira. This government is messing with our collective intelligence.

Awodoye Adetunji Oluwaseyi
Guest

National Google reacts to inaccurate Naira conversion rates By Dennis Erezi 22 February 2019 | 11:33 pm Tech giant Google has reacted to the inaccurate figures witnessed in the conversion rate of Nigeria’s Naira currency on the eve of the country’s presidential and parliamentary elections. “We’re aware of an issue causing inaccurate conversions for Nigerian Naira currency, so we will remove the conversion one box from appearing in search results until we are able to diagnose the issue,” Google said in a tweet late on Friday. Search result on Google showed a dollar was equivalent to N184. During the same… Read more »

Emmanuel Uc
Guest

Why the lies

Junior Emmanuel Agwegiokhe
Guest

Bloody lier …

Emon Arefin
Guest

xox vanish