‘May it favour me and my family’: Reactions as Naira hits N860 per dollar

Nigeria’s currency, Naira, has depreciated to N860 against the dollar. The exchange rate was, however, as high as N800/$ in the investors and exporters (I&E) window.

The spike in the exchange rate since the Central Bank of Nigeria (CBN) floated the Naira.

Netizens have reacted to the latest exchange.

@Mister_Mannie: Be like say Naira no wan stand on any mandate

@luv4l1yah: What’s actually happening?

@Adetolaa_a: I have never seen naira crash so hard.

@chu_chu_ezekwem: This thing is not easy if you pay black tax. Because some people will be monitoring it and be billing.

Should I convert my $ to naira now abi this thing still dey go 1k?

— Af?f? ? (@lekan_ogunbote) July 20, 2023

Pounds will definitely get to #1,500 sooner or later. The velocity is crazy

— Dammy Osvaldo (@_dammyola) July 20, 2023

I will hit the ground running lo?????

— Èkìtì Kete Professor (@olanrewajukay8) July 20, 2023

*May the rate increases favour me and my family

— Noobie (@StreetDev2) July 20, 2023