Despite the Central Bank of Nigeria’s ongoing efforts to stabilize the naira, the dollar-to-naira exchange rate remains elevated, as reported yesterday.
Currency USD
Buying Rate Selling Rate ₦1,600.00
Selling Rate. . ₦ 1,605.00
Despite yesterday’s reports and market effects, the inflation rate remains at its peak, with vendors still holding on to their stock in anticipation of expected deals.
They have yet to recover their stock costs, which has led to inflated price tags.
