Earlier this year, there was a significant hike in the price of commodities in the Nigeria market because of high appreciation of the dollar against the naira. It got to a point that the exchange rate of a dollar to naira because #1940 which resulted to marketers across the nation to increase the price of commodities which also affected the cost of productions in the country thereby making every buyable commodity to remarkably increase their prices but over the last four weeks, the naira have appreciated against the dollar as the current price of naira against the dollar is below #1200 to $1.

However, despite the appreciation of naira against the dollar, the price of commodities in the market have remained as it were during the time of dollar appreciation and to some commodities, the prices are still on the rise. So out of inquisitiveness to know why, I brought it to the forum to know why the naira appreciation isn't positively effecting changes in the Nigeria market