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?
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?
I don't really understand what the whole joy is all about, #1490 to $1 is what we should be talking about? I think by now Nigeria should have gone above this level but our poor governance lead us to this state we are now. Nigeria is great country but it beats my imagination how our naira note disvalued overnight and nobody seems to be talking anything about it.
I can remember back then when $1was equivalent to #150 , things was very normal life was so easy but I wonder what happened in a couple of some years, everything changed over night, cost of living became a problem to us and we are here celebrating naira at #1490 to $1, it doesn't really make any sense to me.