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?
If the dollar is increasing or decreasing, many Nigerians don't even know or talk about it again as what is mainly responsible for the increase in goods and services, other than the fuel increase. The FG should cut down the fuel price to start with. Then we will see how the price of goods and services will be deeply reduced. But if the fuel price remains the same, and the dollar to naira falls a little, it will be like nothing has changed in the Nigerian market.