Naira/dollar exchange rate mechanism, and rapidly precipitated a run on the Naira. Not surprisingly, the Naira has since plummeted to about N200/$ from the earlier pegged rate of about N155/$.
thought through, as it ignored the significance of Naira exchange rate on the domestic pump price of petrol, as consistently explained in several articles in this column.
Clearly, with continuously bloated Naira surplus in the market, the reduced dollar income from prevailing lower crude prices has finally exposed the fragility of the Puma Rihanna Red
Conversely, if government finds it expedient to devalue the Naira, as a result of fall in revenue, to say, N200=$1, in order to increase the size of monthly allocations, then, of course, the deregulated domestic fuel price will also become N200/litre, plus Puma Velvet Creepers Sale
20/litre, while Naira remains Puma Fenty Aliexpress at an exchange rate of N200=$1, then Nigerians will have to pay over N240/litre, plus margins and local ch.
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margin and other local charges; in such event, subsidy values will be over N100/litre if pump price remained at N97/litre. However if international petrol price increases to $1.