Announcing the new exchange rate at the apex bank's Monetary Policy Committee meeting in Abuja, the Central Bank Governor, Mr Godwin Emefiele said the devaluation of the Naira against the dollar is to strengthen the Nigerian currency in the face of the falling international oil price. He called on the Federal government and the National Assembly to speed up the process towards the immediate passage of the Petroleum Industry Bill, PIB, which has been pending passage for the past two years.
76 comments:
Naija ndibaby33@yahoo.com
Ladies!! Will you allow your boyfriend Rock you like this in public[Pic/video]
9ja!!!
Naira has always been devalued so this is no news for me #onelovefromSnow#
Am I suppose to cry for my country or flog d presidency??? Or deny that I am a Nigerian? I weep for my country Nigeria..
Am I suppose to cry for my country or flog d presidency??? Or deny that I am a Nigerian? I weep for my country Nigeria..
Hmmmm that's mean very soon fuel will rise up to #130 per litter
God have mercy on our country
155 ke? Pls wen last wz naira 155? As at last week I hrd it had dropped 2 177 from 165
E be like say dis our new governor go worst pass odas, atleast Sanusi and his predecessor did well, but d way things is now, we just dey watch
Nawa ooooo. gab4u2008@gmail.com
I thought dollar is 173
Late action. It is already selling at 174:1 anyway.
hmm i rest my case
Na dem sabi,
FIRST LADY B
OK.
...suuurree makes plenty of sense
Increase d value ona dey dere dey change d look!.mtcheew iyanufemi2@gmail.com
madam its actually $181. in the bank but $178 on XE and i weep for nigeria. They are ready to kill that country.i mean the leaders.
Jesus, the economy keeps getting worst. "Strengthing the naira currency" is a big lie to tell the public, obviously the Naira is getting worst and no recognized in the international market like before when the value is same as pounds, dollars and U can spend Naira in other countries. But not anymore and it keeps falling. This is due to what our government has caused. They loan our banks and still get loan from the same money they loan to our banks. This is why our economy is not growing. So much has been hidden only the Rich get richer and the poor getting worst. What a pity. I weep for this country
a.k.a EDWIN CHINEDU AZUBUKO said...
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Geny beat her hands down in beauty and dress......
*GLO BRING 3G TO KONTAGORA*
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***CURRENTLY IN JUPITER***
smh, how do u strengthen the naira when you devaluing it. this is just for selfish reasons, oil price down means less money for this politicians.
lol.....once upon a time ,one dollar is equal to one naira
a.k.a EDWIN CHINEDU AZUBUKO said...
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Nigeria is doomed i swear....
*GLO BRING 3G TO KONTAGORA*
.
.
***CURRENTLY IN JUPITER***
this is so sad, how can you call this strengthening the currency when you devaluing it. this is just for selfish reasons and maybe for the election because drop in oil price means less money for these politicians.
Didn't hear of UAE devaluing the Dirham because of drop in oil price. well feel so sorry for Nigerians
Ok
since when... it is 177.5 naw
Guess push has come to shove! We always wait till the last moment to do the needful.
Thank You CBN....I hope my Aboki'Sheidu in ogbomosho' dey read dis news so ooooo....If dem born ur papa well make my money no dey complete from now on...lol
Linda, $ is 179naiara as at today
A dollar is now 174naira
Is dis the solution to the problems in Nigeria...pedrotoki80@yahoo.com
Na wa oh.
A stringent and quite a tough monetary policy measure necessary to cushion the effect of hazardous effect of a mono-economic nation like ours. PIB bill…..now that is quite another story, I recall a conference i attended a about 6weeks ago where the chairman, house comittee, downstream sector (oil and gas) assured us all that infact as at the time he was delivering his speech, the PIB was to be passed within the next 48hours…… but that was 6weeks back. oh! I know why we are still waiting, they needed to pass their 'fence- Jumping 'courses first so……
Lol... Onyimadusommy@gmail.com
I don't get how the devaluation will strengthen naira. Now, 1680naira is 10 dollars!
Okayyyyy... Onyimadusommy@gmail.com
9ja, it is well
I'm still love my country sha
This is disheartening, it would av made a lot of sense if we don't rely much on imports, now importers will suffer and inflation rate will increase and d average nigerians will pay d price. I hope God gives us a leader that will show us mercy in 2015......this ones don't care imao. #only1solace
We are heading backward. Must we have devaluation of naira before we can able to face the falling in international oil price. I wonder...
#Connenting thru Glo 4G LTE
Rubbish
Av seen dis email in most of d comments wat do want us 2 do 4 u na
Before this not so strange announcement, I got $1 = #176 from moneygram 2 days ago. So therefore this announcement might make us get up to 200 naira for 1 dollar even without allowing people to receive dollar anymore for black market rate.
My Nigeria go better 1day.
Where is N5? are they trying to face it out?
Point of correction 220naira
Na dem sabi. richard.yinka190@gmail.com
Un-inspiring
Government should cut their recurrent expenditures on the political office holders not devaluing the currency..... bunch of idiots ***bbm angry face
How come Gtbank is charging me almost #180 for my foreign transaction? Who is the liar and thief.
God help us, looting in progress.... Mc Baba Oloye says so via Opaeyin and Alombo
what it sells at the black market is usually a lot higher than what it actually is. the Naira is so useless. it's almost 280 naira to a pound so imagine what they will be selling it for on the black market. we cant continue like this.
Exchange rate is N176 to a dollar now! I don't know what these country is turning into.
check exchange rate before you post.
Is this decline in exchange rate due to dwindling oil prices or due to an upward surge of dollars to finance the 2015 elections? Pls clarify
Expect that to become N190/ $1 within a week
Der is Godooo chimmynene@yahoo.com
Naija, una never start. It will be N250/$1 by election time. Enjoy ur GEJ govt.!
Devaluation of currency helps strengthen the currency or you guys were not taught in Economics in secondary school
They have destroyed our countrys pride, Lord have mercy
SHOP ON DEALDEY
Greatest Battles!!! Part 1
His Grace- Part 1
Not Darkness - Part 1
I was charged 180 by gtb for my foreign transaction yesterday so this 165 is crap.. GOD help Nigeria!!!!!
God punish these bastards! Oil price dropped and they devalued naira so that the common man can suffer; what happened to the excess crude oil money? And why this overtly dependence on oil? God punish Jonathan, Okonjo-Iwala, Emelife, Diezani and all their satanic allies.
Why we are the only country devalued our currency?
Chai... u don miss road
Your family is doomed.
Make una vote better person,no..una prefer vote Mr.clueless. 2012 fuel subsidy removal causing a high increase in fuel prices from 65Naira to 97Naira,boko haram,corruption,monies missing everywhere,$20 billion missing,over 200 missing secondary school girls,insecurity at a peak,segregation of people by religion& tribe at its peak, $1=over 170 naira etc etc and some people would still vote Mr.Jonathan in as president? Oh okay,una never suffer enough.
#NigeriansVoteWisely2015
God Bless Nigeria. Amen.
Nope, none of the above...just shut up and read the article again...
Anon 9.30pm, u r blessed with wisdom!
JONATHAN IS A DUMMY..SO EVERYBODY IN HIS CABINET ARE LIKE HIM...SANUSI AND SOLUDO WILL ALWAYS REMAIN THE BEST...EDO MAN IS NOT BRILLIANT AT ALL...USE HAUSA IGBO OR YORUBA FOR SUCH POSITIONS.
This is just pathetic
I think he is from delta state,the cbn governor, what do u expect? we are in for the worst.
Thank God when my dad in america sends money now it will be plentier:)
lINDA I BOUGHT $ YESTERDAY - 182.
MEANING I CANNOT BUY TICKET AGIN THIS DECEMBER & TRAVEL? OMG.
As of today on international market, a dollar is 176.30 naira! But if you are buying dollars, you will pay more, so 180 is a fair price
Please, where can one get a list of reputable forex sellers in Lagos?
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