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Home Markets Currencies

Naira Records Worst Week In History

Nairametrics by Nairametrics
January 23, 2015
in Currencies, Politics
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The naira closed at a record closing low of 190.60 to the dollar on Friday, despite the central bank intervening for a fifth day this week to prop up the currency, dealers said.

The Naira has now hit an all time low twice this wee already making it the worst week in history.

The naira, which has been hard hit by falling oil prices, fell 1.2 percent against the dollar, from the previous day’s close of 188.35 naira. 

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Naira also trades at betwee  N200 and N210 at the interbank today capping of the worst week in its history.

Tags: News Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Comments 3

  1. enwemadu franklyn says:
    January 23, 2015 at 4:31 pm

    Please i want to know if oando share price will hit NGN22.00 after its closing right issue date

    Reply
  2. Ayoola Efunkoya says:
    January 23, 2015 at 7:52 pm

    The foreign exchange is virtually affecting most commodities. I’m also affected. When you plan to buy an imported good at a price, and you wake the next morning to find out that you are sitting on a long thing.

    Reply
  3. Umar Ahmed says:
    January 25, 2015 at 10:02 pm

    Why our money Naira is always fallen 4 every month? Becouse of what please, I need urgent replay!

    Reply

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