• About Us
  • Submit Songs
  • DISCLAIMER
  • DCMA
  • PRIVACY POLICY
  • Contact us
Monday, September 15, 2025
illuminaija
No Result
View All Result
  • Home
  • Music
    • Nigerian Songs
  • Foreign Music
    • All Songs
    • Download
    • DOWNLOAD MP3
  • Videos
    • Comedy Videos
    • Movies
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us
  • Home
  • Music
    • Nigerian Songs
  • Foreign Music
    • All Songs
    • Download
    • DOWNLOAD MP3
  • Videos
    • Comedy Videos
    • Movies
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us
No Result
View All Result
illuminaija
No Result
View All Result
  • Home
  • Music
  • Foreign Music
  • Videos
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us
Home Headlines

It’s getting no better… Naira now 412 per dollar

by Slay
August 26, 2016
in Headlines

image

The naira has attained a fresh all-time low of 412/$1 on Friday, as dollar scarcity bites harder at the parall
el market.

Foreign exchange scarcity continued on the parallel market as the Central Bank of Nigeria (CBN) upholds its foreign exchange ban on eight commercial lenders found to have acted in breach the Treasury Single Account (TSA) guidelines.

The official side of the forex market also experienced a depreciation, moving from 305 at the close of business on Thursday to 315 on Friday.

Naira has depreciated by over 40 percent in 2016, following the introduction of the new foreign exchange regime, which seeks to let the naira move according to market forces.

NAIRA NOW UNDERVALUED

Muhammad SAnu$i II, emir of Kano and former CBN governor, who spoke in Kano earlier in the week, said the naira had become undervalued but it would firm up with the right policies.

“On a trade and inflation weighted basis, the naira has gone from one of the most overvalued currencies in the world to one that is now undervalued,” SAnu$i said.

“A major barrier to bringing capital in from abroad has been removed; a major incentive to take capital out has also been removed.”

The naira also traded at 530, and 454 to the British pound and euro, respectively.

Real Madrid kits 24-2025 For Dream League Soccer 2025
Tools

Real Madrid kits 24-2025 For Dream League Soccer 2025

Tools

First Touch Soccer 2025 (FTS 25) Mod Apk Obb Data Download

Tools

GTA 5 Apk Obb Data Latest Download For Android

Discover the latest vibes on illuminaija, here where rhythm meets Foreign Music.
Tags: Naira
ShareTweetPinSend
Previous Post

E.L – “Lalafalama”

Next Post

UNILAG Student Rusticated for 4 Semesters after Posting this Write-up on Facebook…. See Details

Slay

Slay

If you look hard enough you'll get my bio but here is a teaser "I never SLEEP, so I DREAM with my EYES open to serve YOU with the best illuminaija.com experience." I am all about what you SEE.

Related Posts

Edo, Lagos, Delta, Rivers, Anambra and Bayelsa to witness more flood

Edo, Lagos, Delta, Rivers, Anambra and Bayelsa to witness more flood

North Korea gets new internet connection

North Korea gets new internet connection

Cyril Ramaphosa visits Ladysmith Black Mambazo founder

Cyril Ramaphosa visits Ladysmith Black Mambazo founder

N-power non-graduates scheme begins Next month

N-power non-graduates scheme begins Next month

Atiku Abubakar replies twitter user who said he is one of the biggest threat to Nigeria’s economy

Atiku Abubakar replies twitter user who said he is one of the biggest threat to Nigeria’s economy

Reps probe N895bn FG payment to NBET, DISCOs

Reps probe N895bn FG payment to NBET, DISCOs

Leave a Reply Cancel reply

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

No Result
View All Result

Recent Posts

DOWNLOAD Njabulo Langa – Asehleni Ft Jaiva Zimnike mp3

DOWNLOAD Njabulo Langa – Asehleni Ft Jaiva Zimnike mp3

Balloranking – Dirty

DOWNLOAD Balloranking – Barcadi mp3

Balloranking – Dirty

DOWNLOAD Balloranking – Dirty mp3

Balloranking – Lavish

DOWNLOAD Balloranking – Lavish mp3

Balloranking – Level Up

DOWNLOAD Balloranking – Level Up mp3

Trending Posts

NPC Recruitment Portal 2023 Is Open
Jobs

NPC Recruitment Portal 2023 Is Open

NPC Adhoc Staff Recruitment 2023 Application Form Portal (Apply Now) NPC Recruitment Portal 2023 Is Open: 2023censusadhocrecruitment.nationalpopulation.gov.ng Are you in...

Read moreDetails
Canada Government Jobs for Immigrants – Work in Canada
Jobs

Canada Government Jobs for Immigrants – Work in Canada

Canada Government Jobs for Immigrants – Work in Canada Are you trying to get a job abroad? I assume you...

Read moreDetails
Addy Perez – Where is she going And Why? New Job And Net Worth
Biography

Addy Perez – Where is she going And Why? New Job And Net Worth

Addy Perez - Where is she going To And Why? New Job And Net Worth Addy Perez - Where is...

Read moreDetails
Discover Unique ways of Finding Jobs when Relocating to Canada
Jobs

Discover Unique ways of Finding Jobs when Relocating to Canada

Discover Unique ways of Finding Jobs when Relocating to Canada Canada is one of the most popular places to find...

Read moreDetails
From Work Permit to Permanent Resident Status in Canada in these Simple Steps
Jobs

From Work Permit to Permanent Resident Status in Canada in these Simple Steps

From Work Permit to Permanent Resident Status in Canada in these Simple Steps You can apply for permanent residency (PR)...

Read moreDetails
Numerous unique reason why you should immigrate to United Kingdom
Jobs

Numerous unique reason why you should immigrate to United Kingdom

Numerous unique reason why you should immigrate to United Kingdom The United Kingdom consists of England, Northern Ireland, Scotland and...

Read moreDetails
Canada Jobs : Read How to Apply for Unskilled Jobs in Canada with Visa Sponsorship
Jobs

Canada Jobs : Read How to Apply for Unskilled Jobs in Canada with Visa Sponsorship

Canada Jobs : Read How to Apply for Unskilled Jobs in Canada with Visa Sponsorship What people are looking for...

Read moreDetails
INEC Adhoc Recruitment 2022/2023 Is Open (Apply Here)
Jobs

INEC Adhoc Recruitment 2022/2023 Is Open (Apply Here)

INEC Adhoc Recruitment 2022/2023 Is Open via www.pres.inecnigeria.org Portal: (APPLY HERE) INEC Adhoc Recruitment 2022/2023 Is Open via www.pres.inecnigeria.org Portal:...

Read moreDetails
See All Necessary Requirements To Relocate To United States
Jobs

See All Necessary Requirements To Relocate To United States

See All Necessary Requirements To Relocate To United States Before Heading out to the United States, you really want a...

Read moreDetails
Canadian Scholarship : See 10 Canadian Universities Offering Fully-Funded Admission [without IELTS]
Scholarship

Canadian Scholarship : See 10 Canadian Universities Offering Fully-Funded Admission [without IELTS]

Canadian Scholarship : See 10 Canadian Universities Offering Fully-Funded Admission All Over The World, Canadian Universities are notable among some...

Read moreDetails
  • About Us
  • Submit Songs
  • DISCLAIMER
  • DCMA
  • PRIVACY POLICY
  • Contact us

© 2023 illuminaija

No Result
View All Result
  • Home
  • Music
    • Nigerian Songs
  • Foreign Music
    • All Songs
    • Download
    • DOWNLOAD MP3
  • Videos
    • Comedy Videos
    • Movies
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us

© 2023 illuminaija