Naira falls again in the black market over CBN new forex policy…See Current Value

The naira has fallen again in exchange for the dollar at the parallel market as Nigerians express worries about the flexible policy introduced by the apex bank in Nigeria.

naira July 4th

According to the currency exchange rates for 04/07/16 as of 10:00am being released according to Zenith bank reports, the naira which exchanged for a dollar at the black market at the rate of N345 last week Friday has fallen to N351.

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9 Comments

  1. Change is happening and Buhari has forewarned us to brace up for the challenges of next few months in order to have years of enjoyment.

    Bad structure need to be demolished to institute a better one … you don’t build good structure over bad foundation.

  2. How can naira appreciate when Nigeria productive capacity is nothing to rely on. Even where is the productive capacity, when the only product we have (oil) is having global distress. Nigerian government should focus on diversification of our revenue base through product /service production planning. Fine! it is good to fight corruption ,but we should NOT close door against economic planning. In the federal seat, it is corruption battle. In the senate, it is battle against leadership. HOW CAN NIGERIAN NAIRA APPRECIATE WHEN OUR LEADERS ARE IN THE WILDERNESS.?

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