Business NewsFinanceNews

Revealed: Why is the Naira falling? 

Why is the Naira falling? 

It is no longer a story that the Nigerian economy is facing a massive foreign exchange crisis and the rate of depreciation of the naira has sparked serious concern among citizens. information guide nigeria

A report from nairametrics.com recently disclose that since the Central Bank of Nigeria (CBN) banned sales of foreign exchange to Bureau de Change (BDC) operators, we have seen the parallel market exchange rate depreciate from N505/$1 to N570/$1 at the black market. jamb result

See Related News:

The information from nairametrics.com made it clear that the last time the exchange rate depreciated this quickly was in early 2017, when the rate jumped from around N450 to over N500 to the dollar. This actually happened after the Central Bank implemented a policy to bring liquidity into the economy, it then evened out at around N365/$1

Check and Confirm: How much is Dollar to Naira today



👍Showcase your business here!

With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉 marketing@Infoguidenigeria.com.


🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here


✍️ Be Our Guest Publisher!

Do you have a press release, breaking news,  or any other helpful information to share with our growing readers? If yes, send your article to 👉 infoguidepr@gmail.com.

We will be glad to publish it if the information is useful to our audience.


This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!

Copyright Warning!

Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [infoguidenigeria@gmail.com] to file a complaint and we will take necessary actions immediately.


Pablo Happy-man is a content creator, who specialize on news writing, creating original sport article. Most importantly, I am a blogger.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button