Naira now goes for 208 (215) to a dollar | Welcome to Linda Ikeji's Blog

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Saturday 24 January 2015

Naira now goes for 208 (215) to a dollar

The naira, on Friday, depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, January 19. (it's about N215 as of today)

The News Agency of Nigeria (NAN) reports that the new rate had made the naira to lose N16.50 within five days. The CBN’s website, however, put the naira against the dollar at N167.50, while the pound sold for N253.20 and the euro stood at N193.89.


 he development has resulted into speculation in the market and caused ripple effects on other currencies. NAN correspondent who visited some bureau de change and black market operators in Lagos said that they could not give rates to the pound sterling and the euro. Dealers who preferred anonymity said that there was scarcity of dollars in circulation. They said that the Central Bank of Nigeria (CBN) had stopped selling forex to the bureaux de change since last year.

The dealers added that the recent review of trading positions for the forex trading to 72 hours also contributed to speculation in the system. The effect, they added, was that the naira could depreciate further by next week. NAN recalled that the CBN in November 2014 devalued the naira. (NAN)

159 comments:

Anonymous said...

This is sad! We depended too much on oil.

Unknown said...

It is well wit us o

Unknown said...

This is so serious. Making everything expensive to buy.

Unknown said...

This is so serious

Unknown said...

Hmmm! Euro is falling, Dollar is rising.
$.
$.
@Mr Endowed via Lumia phone

GCN( LADY G ) said...

Naija don suffer

GCN( LADY G ) said...

Buhari 2015

Oladimeji said...

Me like.

Unknown said...

Watttttttttttt, na waooooooo...bad govt

Nekky Cynthia said...

Choi! Nneka u re in trouble.

Unknown said...

I can see Jonathan is working, he's really working oo *munching on my groundnut and bread *

Unknown said...

I will save that my small dollars till it increases more before i change it to naira.
$.
$.
@Mr Endowed via Lumia phone

Unknown said...

That is bad

Onyx's Girlfriend (he isn't gay pls) said...

Naija, may God help us. #lindagiveawayonmymind

GCN( LADY G ) said...

CBN governor must be sacked

Unknown said...

All this family members living abroad should start sending money now oooo, dis is so a gud tym.

Bonita Bislam said...

Hmm the ship of this country is sinking. How do we even intend to stop inflation when we are knee deep in depth borrowing from richer nations whose currency has more weight than Asari and Doyin combined?

Juleslouis said...

Holy molly. This is crazy na. The prices of almost everything will go up na. Nawah.

Unknown said...

Oh My God, where are we going in this country?
⌣̊┈̥-̶̯͡»̶̥♡thanks ⌣̊┈̥-̶̯͡»̶̥ 

knowurway.com said...

Hmmm na waoooo. Vote for #change# my people vote Buhari and Osinbajo for president on the 14th of nest mont

Unknown said...

Na wa o. I don't think the naira has had it so bad in recent times.

Anonymous said...

My people Abeg, we need a change! We need it urgently.. It will get to 1$ - 1000# by end of February if we don't deman for that change now.. All other oil producing nations are enjoying except Nigeria.. Our leaders are building estates in Dubai, UK, etc, including GEJ. We need a change.

Unknown said...

I see dollar getting to N300 per dollar soon..
.
.
.
.Disclaimer:: Raise Your Words, Not Your Voice. It Is Rain That Grows Flowers, Not Thunder..

knowurway.com said...

Hmmm na waoooo. Vote for #change# my people vote Buhari and Osinbajo for president on the 14th of nest mont

Unknown said...

hmmmmm......naija una weldone....there is God o
*
*
*
#LIBBOO

ary said...

Jonah! I dey pity you o!

J3nnif3r said...

Oh my dear country...which way Naija?

Unknown said...

And our Naira became badluck in Mbaka's voice..




Heaven on Earth

Unknown said...

Haaaaa naija don finish oooooo ki lo de gan yeeeeeeeeh ds is bad ooo.

Unknown said...

Shit just dey happen!!

Unknown said...

It is well.


@Sophia Stephen

Goodluck Till2019 said...

To fortify the naira against the raging storm of devaluation, the economy of Nigeria has to be free from its monolithic nature.

GEJ is rapidly developing the Agricultural sector. That has been Nigeria's greatest selling point until the military can to rubbish it.

We have to go back to the basics. FOOD FROM THE SOIL IS THE BEST.

vote GEJ for stability of the Naira. Thank very much.

Bonario one love.

Thank you.

Okoli Jerry said...

what's the meaning of this. Nigeria where are we going. FG has abandoned its citizen busy with election to steal more Naira. Tufia kwa. Am sorry for Nigeria my beloved Country.

mccoy said...

208? Hmmmm
Evrytin in 9ja just seems to be crashing
God help us

Tobi said...

This is not good

Unknown said...

Good news for we Nigerians that are paid in dollars.....

Unknown said...

Its only the poor that suffers this Devaluation. God save this Nation.

Unknown said...

lol.......tank God it favours me

Unknown said...

Ewooo, soon we would meet zimbabwe if something is not done.

OVOXO said...

God help 9ja

Unknown said...

Wow dis is serious

Unknown said...

Wetin come dey happen, make una pity common man cos na dem dey use head carry everything. Linda take note!

La said...

This is heartbreaking. It's true. It was 205 naira to a dollar on Thursday. And thy keep lying to us that the economy is great! The fake figures they took to Davos , still no light, PHCN is half dead, health workers have been on strike since November last year, do we still have health minister? This is truly a failed country. How much can one possibly travel with except you are paid some estacode. This is very serious.

Unknown said...

Wetin come dey happen, make una pity common man cos na dem dey use head carry everything. Linda take note!

Unknown said...

Wetin come dey happen, make una pity common man cos na dem dey use head carry everything. Linda take note!

Gentletee said...

This doesn't sound good!

bigdeal said...

This is as a result of bad governance

CELEB said...

Na like dis we go become fastest growing economy? Kai!

PrettyAdroit said...

This is really bad for Nigeria, we re fast becoming a very cheap country wit costly things in the market.

elovi said...

Y does d naira keep falling

Anonymous said...

This is a serious issue
Dizanigeria.blogspot.com

elovi said...

Hmmn y does it keep falling?

Seun Ajet said...

May God help our economy this year. What is happening to us? To shop from America is now a problem.

Unknown said...

Nonsense pple financing d affair of our economics...wen novies rule dat sector,things like dis re bound 2 happen

Unknown said...

Ok

yetty said...

Na wa o.this is serious

Anonymous said...

for the doubting thomases, it was in Apostle suleimans prophesies.......

Unknown said...

Okay

Zector said...

What is kind of government do we have in this country, can you imagine a dollar is 215. Shame to all our leaders including cbn governor

Unknown said...

Naira is dis u?

Cedis is laughing ooo

Unknown said...

wahala dey oo .

Unknown said...

Okay

Order for your beautiful bedspread @ 79AEFD3B. Delivery available nationwide

flave said...

For how long will Naira continue to depreciate?...#singing# which way Nigeria,which way to go,I luv my fatherland *in sunny Okosun's voice*

Unknown said...

And they said this present adm is moving Nigerian economy forward...i guess that's the definition of moving forward....who is fooling who


¤¤¤QUEENMAYA¤¤¤

Goziem Oh LORD said...

This is serious matter ooooo,pls they should do something bf it gets out of. Hand

Unknown said...

#CHANGEFEB2015BUHARIFORPRESIDENT

GALORE said...

This is serious!!!

God you are my source

I believe ur report only

Some unam ikot will come here and blame @Jonathan.... Like say @Jonathan lo ko na yii nii?

"Heaven on earth!!!Wonders without end,that's my new realm"



@Galore

Unknown said...

200 and what? That's just too high. Linda post my comments. Itz no longer funny anymore.

Austin said...

world oil price drops, then the US discriminately stop buying oil from us that they refine and then ship it back to us...now our economy is bleeding real fast.. we need to diversify our economy

Anonymous said...

That is wot usually happen wen a nation is run by a clueless fool like Jonathan. What did he went and borrow money from international committed for? To sponsors or buy more arm for book harm abi cos nigerian army re under equip at d moment. The worst of it all is dat d goat is still campaign, wot a tragedy?

Anonymous said...

& Una say make We vote GEJ wey no get simple economic sense on how to manage economy.CBN useless governor is not exempted also.......

princess said...

Wow!

Anonymous said...

What nonsense???

Unknown said...

a.k.a EDWIN CHINEDU AZUBUKO said...
.
I thought they said our economy is growing?? Pls i want to knw hw abeg....
.
.
***CURRENTLY IN JUPITER***

Unknown said...

NNA eh..wahs happening..best time to go change ur dollars..gotta make some calls sha

Austin said...

world oil price drops, then the US discriminately stop buying oil from us that they refine and then ship it back to us...now our economy is bleeding real fast.. we need to diversify our economy

Linda's daughter said...

Chisos is Lord..

Anonymous said...

Good, Pls vote Jonathan for 2015 una hear. By 2019 naira should be 1000 to 1usd. Fucktard government and stupid public officers running this country to the ground.

Anonymous said...

Up GEJ! Kontinuuu

Anonymous said...

Lord have mercy!!!!

Unknown said...

God help us all.
Check it out:http://pamscrib.blogspot.com

Unknown said...

Lindy baby,we really need a change in govt.i never would have imagined a dollar will go that far

Tiana said...

This price hike we are experiencing is part of the effects of campaign. So many political aspirants are spending/keeping a lot of dollars right now hence the scarcity of dollars. Things wld get better when we are closer to elections/ when elections are over. Na our politicians cos am. All of them.

snowflix said...

It is well even in the well #onelovefromsnow#

Anonymous said...

u no dey aiit oooooo

Unknown said...

This is a very serious problem that calls for concern

Anonymous said...

We're in aa recession, this isn't time to to play politics. Use your votes wisely remember there are other candidates for the race to select a ruler pls be wise.

Nekky Cynthia said...

Choi! Nneka u re in trouble.

Unknown said...

Hmmmmmmmmmmm............... Diz is terrible!!!!!




*oparoescalade*

Unknown said...

Hmmmmmmmmmmm............... Diz is terrible!!!!!




*oparoescalade*

Chi chi said...

Bonita of Life.

This your shade at Asari and Okupe had me in rolling on the floor laughing my ass out.

Unknown said...

Hmmmmmmmmmmm............... Diz is terrible!!!!!




*oparoescalade*

Anonymous said...

God please help the foreign student like me, things are bad here, in abroad especially when your only schooling not working.... it's bad... I need student loan Linda please how do I go about it

kayPee said...

Now I see what a Phd holder can really do as a president..GEJ should go back to being a lecturer biko.

Unknown said...

Don't force me to plant a slap on ur face! Get out of here now!

Praso said...

The CBN refused to sell to the BDC all cos of the little they want the banks to rip pple of, GODWIN THE CBN governor is behind the rising of dollars, he's sabotaging the whole dollars of a thing, he made the dollars scarce so the demand would be high which in turn make it high in the black market ? Say no to Emefiele policy

Davido's driver said...

Yahoo boiz r happy

HUMBLE EVE said...

Hmmmm. Ok o












HUMBLE EVE

Unknown said...

Lord have mercy.

Unknown said...

What did u expect? Change is eminent!

Unknown said...

i hope dollar won't get to #200 with the way things are going




#Commenting thru Glo 4G LTE

Anonymous said...

No its not

Unknown said...

Oh boy see Dolapo rate, now i must hustle hard to get the profit of the exchange rate... O'Lord bless my hustle in abundant! AMEN



StillDatSame2015Dude

Anonymous said...

No o, they should leave him there so that they can keep stealing our money...the governor that was working and saying the truth, gej sacked him...and clueless ppl will still want to vote the clueless one in...I sorry for Nigeria

Anonymous said...

LOL....we desperately need CHANGE in this country

Anonymous said...

What is d purpose of removing #10 from the petrol price wen u knw u were gonna make naira like dz? We serzly need dz change

Anonymous said...

Wat is the purpose of removing #10 from the petrol's price wen you knw you r coming to us like dz 4 naira and dollars? U serzly need CHANGE

Richard said...

Sighs

Unknown said...

May God help us in this nation ,but this so called CBN governor should be sack with immediate effect how can someone managed ur office for more than 3yrs and maintained the naira you just came up within one year and spoiled everything please presido we need this CBN back to his zenith bank before elections else???????

AGB said...

Amen.

Unknown said...

CBN Governor should be sack....

Unknown said...

Wow!

Hw long wil dis continue...?

Anonymous said...

Its N280.32 to a £1 as at yesterday.wahala dey.
...Mama J...

Unknown said...

People abroad, time to invest in Nigeria.

Shalom in Nigeria, Amen.

Subomi said...

and we are suppose to be happy to keep GEJ in office for another 4 years cos he went to Lagos and shook hands with some 'celebs' ba

Unknown said...

May God help us in this nation ,but this so called CBN governor should be sack with immediate effect how can someone managed ur office for more than 3yrs and maintained the naira you just came up within one year and spoiled everything please presido we need this CBN back to his zenith bank before elections else???????

Unknown said...

May God help us in this nation ,but this so called CBN governor should be sack with immediate effect how can someone managed ur office for more than 3yrs and maintained the naira you just came up within one year and spoiled everything please presido we need this CBN back to his zenith bank before elections else???????

Anonymous said...

a wise man once said...madness is doing the same thing but expecting a different result....the country is going down the drain under PDP but because of selfishness and self-centredness, and blindness....ppl like you will still insist on voting for the root cause of our predicament....SMH

Anonymous said...

Keep supporting Jonathan...soon human beings will start eating human beings in Nigeria

Anonymous said...

According to okupe,Jonathan, abati, ffk, and omokri....it's all apc and buhari's fault

Anonymous said...

Gej is working!!

Anonymous said...

This is the problem when people don't learn in school! Exchange rate is linked to demand and supply! When we export crude oil from. the niger delta, we are paid in dollars- this dollars needs to be converted to naira as a result the naira is needed. (demand goes up increases price) which pushes the value upwards. But each time we import (fuel, cars food etc) the importer sells goods in naira but needs dollars to import, so naira chases the dollar which pushes the dollar upwards to the naira. Other factors also apply. In nigeria, we import fuel and export crude oil, the downward price of oil has affected the amount of dollars we get as a country, thus falling our naira! It is not the CBN's fault or GEJ. It's nigeria's over dependence on importation and oil as our main exporting product dat caused this problem! GMB can't solve this problem, bsides most oil producing countries are experiencing similar problems!

Unknown said...

too bad.........215 to $1.....freaking bad

Romeo said...

@GEJ, (impersonator) you must be clueless like your mentor, even GEJ himself admitted his failure but the problems we are having in this country is you the loyalists to the incumbent President painting every thing as if it is all well as if we are unaware of the un healthy economy situation of our dear country (Nigeria). February is around the corner, may God give us the will and the right to vote the right leaders and stop dressing the failure. 'GMB for 2015'

Anonymous said...

We are screwed!

Unknown said...

JEEEZZZZ this affects me... and things are gettin worse instead

Unknown said...

Yes Na. Na em white peepz go still suffer Huge loss from .....

Sir benkord said...

All we need is change in this country.

Sea money say so via droid.

AbokiDaWarriBoy said...

And u don't want change from badluck leader??

Unknown said...

Where is our $25billion?

Unknown said...

Bring back our $25billion!!!

AMIJEZ said...

The CBN governor should go for a better economist to take over.

Anonymous said...

That's funny

AMIJEZ said...

The CBN governor should go for a better economist to take over.

Anonymous said...

This is the work of the opposition to abi

This Jonathan should go and sit down abeg

KWEEN said...

You this fake Jonathan supporter, you are as daft and stupid as your president. Idiot!

Anonymous said...

Good for Yahoo Boys ..hahaha

Anonymous said...

Jeez!!!! U need to go back to school asap
Kai!. English don suffer

Unknown said...

@lwkmd.......dey re rli happy indeed. U funny die

Anonymous said...

Nigerians should apologise to Pst Tunde Bakare.He prophesied then that 1. Nigerians will lose family values 2. There will be a very increase in corruption 3. Naira will be devalued like never before. When the word of the lord comes down,it doesn't go back unfulfilled.

Unknown said...

OMG,this is disastrous

Teejah said...

Abeg make we no hear vote GEJ again 4 this life. We Nigerians are not fools jawe he has wasted his 4yrs and turned the country upside down he is now campaigning again and still can't seize this opportunity to correct his mistake. He is lying sef while campaigning saying things he neva did. Are we toys? Now dollar is increasing businesses are on a stand still, every1 is complaining abi nobe Jonathan still dey 4 power. Say no to GEJ he has done notin

Anonymous said...

Woohoo! This is great news for me! The exchange rate when I came in December was amazing! And now it just keeps getting better! Sorry Naira holders :(

Samantha said...

Your own stupidity eh. Only deliverance can help you.

Ronkus said...

Where the useless Jonathan supporters, una no get mouth again,?vote Gej my ass... Until we start begging to eat abi before una know say we need change. Thieves

Ronkus said...

Where the useless Jonathan supporters, una no get mouth again,?vote Gej my ass... Until we start begging to eat abi before una know say we need change. Thieves

Anonymous said...

Lafº°˚=)) =))˚°Âº≈throwayº°˚ ˚=)) =))°Âº≈my
blackberryº°˚ =)) ˚ºinside water°˚ ˚
°Âº≈=))=))come dey dance Azonto°˚ ˚°ÂºAzonto ƪ
ʃ. ƪ *nerd* ʃ. ƪ.=)) ʃ. . . .  ..≤¯≥. ≤¯≥. ≤¯≥ °˚ ˚
°:'( º.

Anonymous said...

Which way Nigeria. We need CHANGE, CHANGE FOR THE BETTER! Present administration keeps failing us!

Anonymous said...

Please, I beg all of you, the clueless commentators on this blog to vote for ur uncle clueless Jona.
Welldone Ebele. Mbaka has said it that Jonah has brought all the BAD LUCK in every sector in this country. As am talking to u now, GEJ sent his BOKO BOYS to Maiduguri only a day after his campaign there. They just want impose curfew on most Northern State where they knew it's hard for PDP to win there. God is with his obedient servants anywhere, all the time. God's willing, we shall see the end of these culprits soon, in the good names of Almighty God.

Anonymous said...

Please, I beg all of you, the clueless commentators on this blog to vote for ur uncle clueless Jona.
Welldone Ebele. Mbaka has said it that Jonah has brought all the BAD LUCK in every sector in this country. As am talking to u now, GEJ sent his BOKO BOYS to Maiduguri only a day after his campaign there. They just want impose curfew on most Northern State where they knew it's hard for PDP to win there. God is with his obedient servants anywhere, all the time. God's willing, we shall see the end of these culprits soon, in the good names of Almighty God.

Anonymous said...

@Mr.Shine; Abi you no shine ur eyes well well? I no go abuse u, but pls next time read the Linda's topic very well b4 commenting.

Anonymous said...

Politician are to be blamed... for the inflation in this country.... they have stored all the dollars.... what do you guys expect...when a dollar enters the country and they have already been bought by the people who calls themselves our Leaders.... the Change we need is for this old fools to keep there 1970's ideas and let the young once in that is the Change we need

Anonymous said...

if i shuld curse dis guy nao......seee wit ur brain now and not ur eyes alone

Anonymous said...

*debt
U dont borrow depth

Unknown said...

Am tired of this country called Nigeria.

Ada said...

Omg, the only sensible explanation. Thank you!

Anonymous said...

Wat a shame. His wife is busy running and airline industry while we d masses are suffering. The worst part is dt clueless southerners will keep campaigning for him out of sentiments.it is well

Anonymous said...

Jonathan did this.

Anonymous said...

This is the work of the man who calls him Goodluck.

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