Naira devaluation impacts commodity price level across markets

Naira devaluation impacts commodity price level across markets

Nigerian consumers are having taste of naira devaluation as commodity prices increase among various goods, especially on those with imported input. As the naira now exchanges for above N296 per dollar at BDC segment against N199 a year ago, this sharp drop in naira value is reflecting on commodity prices. Market monitor in Lagos shows…

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