Under President Muhammadu Buhari’s administration, the naira has plunged to yet another all-time low, trading at 800 to the dollar at Aboki Forex, a secondary exchange site.
According to reports on Saturday, the exchange rate on the black market is currently N890 to the British pound and N800 to the dollar.
The naira, which has been steadily losing value, exchanged at 785 to the dollar, according to a previous report from Vam News.
The free fall continues as the ban on Bureau the Change operators remain in place and the Mr Buhari regime announced plans to redesign the country’s currency in response to the country’s economic woes.
Earlier on the governor of the central bank of Nigeria, Godwin Emefiele, announced on Wednesday that new naira notes would be issued by December 15.
CONTINUE READING…
A MUST-READ BELOW
For Your Advert Placement, Publicity, Press Release, Personality Promotion, Special Report, Featured Story, Conference, Interviews, And So On – CONTACT US on WhatsApp/Call📞@ 08072633727 📲
NOTE: We wish to add you to our WhatsApp Database to get our Trending, latest and timely news directly into your WhatsApp Box as the news breaks.
