Stella Dimoko Korkus.com: Naira Exchange Rises To 475 Per Dollar As Forex Scarcity Persists

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Saturday, August 15, 2020

Naira Exchange Rises To 475 Per Dollar As Forex Scarcity Persists

If you are in Nigeria,this is the perfect time to change your Forex in case you are hiding some...




The naira exchanged at 475/$ at the parallel market on Friday as foreign exchange scarcity persisted.

This was as a result of the continued volatility experienced in crude oil prices and low demand, talking toll on the naira and worsening the exchange rate.

9 comments:

  1. It's only God that will come through for us in this country.....

    ReplyDelete
  2. When you as a country do not produce anything,
    All you do is "share the money and loot and share the money,
    Borrow and share the money, recover looted funds and share the money,"
    How do you hope to earn foreign exchange?
    ๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ˜

    ReplyDelete
  3. Aliko Dangote few years ago actually 'prophesied that in the not too distant future, $1 will exchange for N500. When he made that statement, the dollar was exchanging N150 to a dollar. We are gradually getting there.

    ReplyDelete
  4. Too,bad very soon the dollar will be lagal tender in nigeria.

    ReplyDelete
  5. I've being buyinf dollars at 478 since.๐Ÿ™„.
    By December ot will be 600naira

    ReplyDelete
  6. No manufacturing, no production, even rice and vegetable oil, pencils, cereals etc are imported. Only oil and all the oil money is being looted faster than its made. They are even mortgaging Nigeria to China to borrow money! Oil prices will keep going down because of remote work as America is one of the world’s largest consumers of crude and folks aren’t commuting to work now.

    Those who govern Nigeria and their friends will never know peace until they do right by God. They can attend any church or mosque 100 times a week but it will never be well with them because of the wickedness and looting of the helpless masses going on. In the midst of this they bring unbelievable cash to buy houses they will never have peace to dwell in here! I’m still waiting for the Elijahs of God in religious Nigeria who will publicly speak against the ills and looting in the land, just like Prophet Elijah did when Ahab & Jezebel were misruling the children of Israel.

    ReplyDelete

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