Business Nigeria: 19/05/2017 - Today's Naira Rate Against Dollars, Pounds and Euros

[mrsam]

Today's (19/05/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro

 

[sandra Chinasa]

I read somewhere that its #375 per dollar. Confused.

 

[Mary Bola]

Im monitoring the way naira to dollar exchange rate is running cos i want to see the effect on business..

 

[LequteMan]

Im monitoring the way naira to dollar exchange rate is running cos i want to see the effect on business..

Me too.

The effect of the gain on businesses however, isn't instantaneous. It'll take weeks of sustained appreciation, even months, before we see a remarkable change.

Moreover, Nigerians (retailers, workers, etc) would be reluctant to bring down prices of their goods and services.

"In Nigeria, once something goes up, it never comes down."