It’s mostly doom and gloom in Nigeria today. The naira has taken a further hit at the parallel market, and is currently trading at 445 to the dollar; the effect of it being that cost of goods – like math set – has risen greatly, and Nigerians are not finding any of this funny.
Please see below:
Exchange rate(Sept 27 2016)👇
$1= N305 N445
£1= N394 N565
€1= N343 N488
Naira loses again at the parallel mkt😔 pic.twitter.com/AfZO5Kthmp
— Kemi Ariyo (@d_problemsolver) September 27, 2016
Every week CBN will bring up a new policy and this policy further weaken our Naira… All their policies have neva made Naira to appreciate
— IG:@zibi_wears (@jon_zibi) September 27, 2016
RT @vika_williams: Iphone7 in Cedis🇬🇭/ Naira 🇳🇬
32GB- 4600 Ghc •N460k naira
128GB- 5200 Ghc •N520k naira
256GB- 5600 Ghc •N560k naira
— Faramade Ogunlesi (@Faramade1) September 27, 2016
There's no point raising taxes or selling assets if it will be used to simply pay salaries or on another naira fixing wild goose chase.
— Nonso Obikili (@nonso2) September 23, 2016
Folks Naira has lost value so let's do trade-by-barter. For instance I shoot a commercial for your company and you give me a new car. Thanks
— Imoh Umoren (@ImohUmoren) September 27, 2016
Only a few months ago, Naira was exchanging to the dollar at 200; today it is approaching 500. How do we arrest this drift..
— Bukola Saraki (@bukolasaraki) September 20, 2016
What a wow!!!! pic.twitter.com/7AwFRwzyy0
— OYIN BABY ✨ (@quin_diva) September 26, 2016
Lmao. Bought this thing 100 or 120 naira https://t.co/0E1LUKXLQI
— Deji (@xDeji) September 27, 2016
Under GEJ as Naira was falling and rising, some stability; now the thing just dey Obudu water slide https://t.co/TlnlJcDko4
— Somto Onuchukwu (@chosensomto) September 27, 2016
— AdForumCo (@AdForumCo) September 27, 2016
Somebody is here predicting 700 naira to the dollar soon, God no. I can't even think of N10k being 7m
— Prince Bk olagbegi (@bkolagbegi) September 27, 2016
Since buhari became president..some one can not even
pick 20 Naira frm the floor again
— Lazy youth (@zee6ixsing) September 27, 2016
When I talk say Naira fit reach 500 to $ Dollar as we begin notice lack of co-ordinated/concise policy thrust by this admin, some curse me!!
— Juliet 'Kego (@julietkego) September 26, 2016
Naira is almost like SHIT paper to other currencies
— 😎 NuttNice (@Kashmeil) September 27, 2016
The kind of news that grace the pages of our papers. Woman loses pot of rice to Thieves, Naira suffers severe losses to the Dollar. Change?!
— SEGA L’éveilleur®🚨 (@segalink) September 26, 2016
Can the president and his troupe of economic advisers put their heads together and come up with a solid economic policy thrust that will stem the tide of economic hardship in the land?