Can we say that the exchange rate of the Naira against the dollar is stabilising?
Should we expect the exchange rate to go up to ₦1,500, as projected by speculators or come down to ₦900?
Do you think that Nigerians are wrong to be hopeful that the Naira exchange rate can become stable soon?
The value of the Naira that has been fluctuating for a very long time now, crashed to about ₦1,300, last month.
However, currently, Naira exchanges to a dollar at the rate of ₦1,125 in the black market.
The Association of Bureau De Change Operators of Nigeria (ABCON), had earlier warned its members not to buy the dollar higher than ₦900.
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This is an effort from ABCON to help stabilise the Naira.
However, the wait for the Naira to stabilise is fast becoming an unending one.
