Wow: Naira Crashes Further To 300 Against Dollar

By Mojisola Delano On Jan 13, 2016

Jeez I’m in shock.

I was still lamenting to a friend yesterday about dollar exchanging for 290 and now its up again.

On Tuesday, the Naira again depreciated to exchange at N300 to the dollar at the Bureau De Change (BDCs) segment of the foreign exchange market following the Central Bank of Nigeria (CBN’s) announcement to stop the sale of foreign exchange.

The currency exchanged for 300 in Kano, 292 in Abuja and 290 in Lagos, against the United States dollar.

The naira was traded to the dollar at N278 on Monday Jan. 11

I remember those days when dollar was like 50 naira and Nigerians were lamenting bitterly. Little did we know we were just getting starting. Like seriously 2 dollar is 300 Naira??? WOW.

Mojisola Delano 9300 posts 129 comments

Moji is a Lawyer, online media aficionado, communications strategist, and entrepreneur in her early 30’s. Her zest and energy to succeed coupled with her very strong interpersonal skills has seen her build her blog from just a passionate hobby to a strong platform for social influence and brand.

Today she has expanded to having her own company SMD Media. SMD Media consults for large corporates drawn especially from the Finance, Technology, Advertising and Media, Creative Arts sectors, where her brand has grown significant leverage and contacts.

She is also the pioneer Chairperson of the Digital Media Practitioners of Nigeria-DMPN, an Association whose vision is to influence on a larger scale for a greater good to impact lives positively, ensure the standardisation and the continuous enthronement of ethical practises within the digital space .

Moji is a lover of the Arts, Fashion and Entertainment with a strong plan to own her own shoe/bag line, record label, Movie production company among other things.

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3 Comments

Ahmed says 9 years ago

This is bad, really bad! I hope something is done soon enough to the exchange.

Reply
Bomi says 9 years ago

Not even the new administration have the remedy to Naira crash…

Lord have mercy, we look to you…

Reply
Kay says 9 years ago

all things being equal……. it will bounce back soon IJN

Reply