“Dollar to Enter NGN200 by February” – CBN

News getting to our stables has it that the state of Nigeria’s economy cannot be determined effectively and accurately until the up-coming elections have come and gone.

Trusted sources (names withheld) from the apex bank, Central Bank of Nigeria (CBN) have come to leak to us at FNN that the fate of Naira versus Dollar will be determined at the end of the 2015 elections.

They also claim that asides a lot of things that will be affected e.g. food prices, fuel prices, stock market, interest rates etc, the Dollar will be sold at the rate of NGN200 to 1 Dollar, come February, 2015.

FNN spoke with the current Governor of CBN to confirm this news but the Governor has refused to make any comments claiming he doesn’t want to be quoted in the news for fear of Nigerians.

Speaking with other FNN readers, some people are scared meanwhile some are currently exchanging all their Naira for Dollars in the bid to make some profit as soon as this news is confirmed.

Other sources like the NSPMC staff and commercial bank officials have indicated that with the way Nigeria is going especially politically and the advent of information communication, anything can happen so they wouldn’t be surprised if the Naira to Dollar even reaches NGN300

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