Nigeria naira has gain on the dollar by a great margin after just falling by to the dollar by almost 900 naira..due to the recent update on the c.b.n trying to redesign to naira note..
So waiting come cuz the great gain by the naira from 900 wey dem been fall e Don come down to almost 400 naira per dollar..
Now, Nigeria currency don gain value against dollar, will it reduce the price of commodities? Truly, em get how this our country be. If dollar increase, price of things go skyrocket the next day asap, even wetin be their old stock.So waiting come cuz the great gain by the naira from 900 wey dem been fall e Don come down to almost 400 naira per dollar..
Our government get plenty role to play. Make them they look into price of things wey dem the sell for this country. It's getting out of hand.
The yuletide season however may have an impact on the current rate, in that we know that at these times, prices of almost every commodity and transportation increases.
The naira gained 26.24 percent against the dollar in the parallel market last week, despite the decline in the country’s external reserves.
The dollar was quoted at N705 on Friday at the black market, compared to N890 a week earlier.
The naira appreciated last week after losing 36.52 percent of its value in 11 months on the black market from N565/$1 at the beginning of the year.
I think that those who have a habit of always converting naira to dollar
https://businessday.ng/business-economy/article/naira-gains-26-24-in-one-week-despite-external-reserves-decline/
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