Nigeria Daily
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Nigeria Daily
Why Prices Are Still On The Rise Despite Appreciation Of The Naira
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Mardia Umar
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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?