When I wanted to trade today, I saw naira has climbed to 1490 to a dollar in the exchange market. Will this continue or government are only doing market manipulation?
Wake up, the intrinsic value of naira no dey for exchange market hand but our economy system based on how our govt fit control inflations and as well lias with foreign economies and dragging their attentions to our own local markets.
With what I am reading, analysts are predicting that dollar price will continue to increase but the price of what we are importing are not falling. Do you think increasing the value of naira while things are still expensive a good idea?
Abeg try to dey add source of informations in regards to wetin u claim say u read via the updates.
Since my mama born me, I never hear say cost of goods for Nigeria go down and remain stable bcos las las e go rise again even to rate of no returns. Wetin dey cos am na economy manipulations where foreign and local economics dey challenge each other but e always falls a failed efforts for us bcos our economy plans no fit withstand the value of the US economy if evaluated. So our naira purchase power go always go weak against the USD unless we meet up the global economy demands.