Dollars crashed but food prices haven’t – why?

The Naira has gained significantly against the dollar in recent weeks. It now hovers around N1250 to a dollar, marking an approximately 35% drop from the tumultuous period when it traded at N1900 in the black market. The appreciation is largely due to efforts by the Central Bank of Nigeria (CBN), led by Yemi Cardozo, … The post Dollars crashed but food prices haven’t – why? appeared first on GreenPress.

Dollars crashed but food prices haven’t – why?

The Naira has gained significantly against the dollar in recent weeks. It now hovers around N1250 to a dollar, marking an approximately 35% drop from the tumultuous period when it traded at N1900 in the black market. The appreciation is largely due to efforts by the Central Bank of Nigeria (CBN), led by Yemi Cardozo, …

The post Dollars crashed but food prices haven’t – why? appeared first on GreenPress.

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