Why Prices Are Still On The Rise Despite Appreciation Of The Naira

from Nigeria Daily · host Mardia Umar

The persistent rise in food and commodity prices despite the appreciation of the naira has become a source of significant concern among Nigerians.This is against the fact that when there was a slight depreciation of the Naira, the cost of commodities immediately went up.And the traders lay the blame on the rise in the dollar to Naira exchange rate.Why is this happening?

What this episode covers

The persistent rise in food and commodity prices despite the appreciation of the naira has become a source of significant concern among Nigerians. This is against the fact that when there was a slight depreciation of the Naira, the cost of commodities immediately went up. And the traders lay the blame on the rise in the dollar to Naira exchange rate. Why is this happening?

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Why Prices Are Still On The Rise Despite Appreciation Of The Naira

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This episode was published on April 18, 2024.

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