Naira falls to a record low against the Dollar! BellaNaijarians Tell Us How This Dip is Affecting Your Life & Business

As Nigeria’s currency – the Naira continues to fall against the US Dollar, almost everyone has been feeling the pinch.

The postponement of the 2015 general elections hit the naira even more and today Google’s currency converter gives a rate of N196.03 to $1 while a quick call to black market currency traders reveals an exchange rate of between N210 to $1 and N215 to $1.

Dear BellaNaijarians, let us know how this dip is affecting you.
At BN, several of our  key vendors including photo agencies, stock image sites, technical partners and developers all bill in US $ so to go from paying at N165 to $1 in June to the present rate certainly has a major impact.

We have heard stories from parents struggling to cover the school fees of their children overseas, traders whose cost of goods have increased drastically and so many more examples.

Let us know your thoughts.

Photo Credit: © Billkret | Dreamstime.com – Nigerian Currency Photo