– Check out our latest update on the Naira and global oil prices.
– These updates are crucial as they’ll help you keep on top of your finances and business deals.
– Also, we’re pleased to announce we are now including British Pounds Sterling in our updates!
You’ll find everything you need to know in our third update on the Naira’s fluctuations on the parallel market.
It’s crucially important to make yourself familiar with this information as the Nigerian Central Bank’a official exchange rate remains fixed at N197 to USD1, which is completely out of step with reality.
We take fluctuations in global oil prices, political news, economic events and other issues into account when drawing up out articles and present the information in an easy to understand format.
Just today, we learnt that the Naira plummeted to an all time low against the US Dollar, with our national currency now trading at N331 – USD1 on the parallel market.
The slump in the Naira’s value has continued thanks to the global slump in crude oil prices, a serious problem for Nigeria as 78% of the country’s economy is connected to crude oil production.
We will keep track of all the most important events that effect the exchange rate, so you do not have to!
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