Post
Topic
Board Nigeria (Naija)
Re: The Battle Between USD and Nigerian Naira
by
Richbased
on 25/06/2025, 16:34:52 UTC
Now bear in mind, if the Naira gains heavily against the Dollar, let’s say something like ₦750 = $1, then your current assets in USD would more or less be slashed to half their value.
Who tell you say if the naira gains strength against the USD say the current assets in USD will be slashed and even if it does, will it reflect in the products that are sold in naira? Over time we don see several occasions wen the naira gain strength against the dollars but the price of goods and commodities remained unchanged so wetin be the essence of wishing the naira to appreciate against the USD when we know say e no go get any effect for the Nigerian economy. I no go talk say make the dollars continue to dey gain strength because i get friends, families and relatives wey dey earn in naira so e go dey really bad if the dollars continue to dey appreciate against the Naira, even if i go benefit since i dey earn in dollars but how about others.