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Federal Government Secretly Devalue Naira? - See the New Exchange Rate

Posted by Odinaka on Fri 13th May, 2016 - tori.ng

According to shocking new revelation, the President Muhammadu Buhari-led federal government has secretly devalued the Naira.

According to a shocking revelation by SaharaReporters on their official Twitter page, the President Muhammadu Buhari-led federal government has secretly devalued the nation's currency - Naira.

We earlier reported it here today that following the federal government’s decision to remove fuel subsidy and liberalise sales of petrol, the Naira suffered a setback, crashing to N345 against the dollar on Thursday and also exchanged at N475 to the British pounds.

If the report by the controversial online news platform is anything to go by, then the naira will now go for N290 to a $1 at the official rate, and N360 at the black market.

This is a developing story, we'll be bringing you more details as soon as its made available...