“Not until you order a cargo and know the exchange rate before you can predict the price. Those projecting the price are just saying this on a sensational basis to get marketers excited. I do not think anybody needs to do that. If you are observing the exchange rates, you will see that it is getting worse. If the price at the international market is also going up, then, you see how those things are being affected and that is how the price comes in.
He noted, “The bottom line is that there will be an adjustment in price. Yes, it may go up and can also drop, depending on the exchange rate. But the good thing is that products will be everywhere. If people see that yours is more expensive than those of the filling stations around them, they will not patronise you. Then, you will be forced to bring down prices.He added, “Nobody has imported new products from the new foreign exchange regime and the new deregulation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unravelling PND abuse in Nigeria's banking system | The Guardian Nigeria News - Nigeria and World NewsIn his inaugural speech, President Bola Tinubu mentioned that monetary policy needed thorough ‘housecleaning’. Since then, Godwin Emefiele has been suspended as the governor of the Central Bank of Nigeria (CBN) and the FX market is undergoing rapid changes for the better.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Nigeria woman delivers baby boy in Makkah | The Guardian Nigeria News - Nigeria and World NewsA Nigerian female pilgrim has become the first to give birth naturally in the 2023 hajj, as the Saudi Arabian Ministry of Health confirmed first natural birth in the 2023 Hajj
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Stock market gains N5 trillion in six months | The Guardian Nigeria News - Nigeria and World NewsSuccour may have come the way of patient investors who endured long periods of a downturn on the Nigerian Exchange Limited (NGX) as bold economic reforms of the new government have lifted stock market capitalisation by N5 trillion in the first half (H1) of the year.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
NAFDAC alerts Nigerians about contaminated soft drink | The Guardian Nigeria News - Nigeria and World NewsThe National Agency for Food and Drug Administration and Control (NAFDAC) has issued a public alert to warn Nigerians about contaminated Sprite drink. NAFDAC in a statement notified the public of a batch of unwholesome Sprite 50cl glass bottles circulating in Nigeria. “This product was discovered following a consumer complaint received and investigated by the […]
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Police to review procedure in assigning private security | The Guardian Nigeria News - Nigeria and World NewsThe Nigerian Police Force (NPF) said it will review the procedures of deployment of policemen to individuals to improve public safety and security. Nigerian Police spokesman, Chief Superintendent of Police (CSP) Olumuyiwa Adejobi said this in a tweet. Adejobi said this in his reaction to a video which went viral on Twitter showing at least […]
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Afropop Queen, Yemi Alade Drops Fake Friends’ | The Guardian Nigeria News - Nigeria and World NewsAfropop’s sensational, Yemi Alade has released ‘Fake Friends’, a new single and video set to feature in her upcoming album. The Afropop and Highlife catchy groove has a deeper meaning, touching on human connections and the result of fake love or friendship. With this new relatable single, Yemi celebrates true friendships and puts fake friends at bay. ‘Fake Friends’ (Ore Iro) is the first single off Yemi’s upcoming seventh body of work set for release in 2023.
Source: GuardianNigeria - 🏆 1. / 94 Read more »