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Naira, 3 others emerged worst currencies in 2016

Naira, 3 others emerged worst currencies in 2016

Victor - Friday, December 30, 2016
The Bloomberg LP has ranked Nigeria’s Naira as one of the world’s four worst performing currencies in 2016.


 According to the ranking, the Naira lost 36.68 per cent of its spot returns for the year in review.

Other currencies in the bottom four are
  • the Egyptian pound
  • Suriname dollar and
  • Venezuela bolivar.
Some of the factors that affected the Naira according to Bloomberg included bombing of pipelines by militants and the economic recession.

Nigerian currency on Thursday closed 490 to a dollar at the parallel market and maintained 305.25 at the official market segment pegged by the Central Bank of Nigeria.
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5 comments

  1. IsiakaDecember 30, 2016 at 12:52 PM

    Courtesy of APC clueless and useless government change.
    APC is a bad omen for Nigeria. It is a disaster!

    ReplyDelete
  2. AbidecDecember 30, 2016 at 7:35 PM

    Need a lecture on BITCOINS, follow this group link
    https://chat.whatsapp.com/F8xyXRPWjhd56ZeS1bwTeoView Group

    ReplyDelete
  3. AbidecDecember 30, 2016 at 7:35 PM

    Need a lecture on BITCOINS, follow this group link
    https://chat.whatsapp.com/F8xyXRPWjhd56ZeS1bwTeoView Group

    ReplyDelete
  4. ManusDecember 30, 2016 at 8:35 PM

    Stupid imposter, u are a bad omen to this nation not access. Olodo

    ReplyDelete
  5. AnonymousDecember 30, 2016 at 8:36 PM

    It does not matter as the exchange rate drop is not at par with cost of stuff

    ReplyDelete

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