So what will happen to the naira and dollar rate in Nigeria and how will it affect us?

Just like the last time, the dollar rose against the Naira and subsequently stayed at 360 when the CBN was able to attract dollars from overseas with high interest from investors.

This time around there’s a prediction that the dollar will rise up to 600 Naira per $1 earlier this year. Which eventually reach #525 to dollars.

If we go by the number, some experts predicted the Naira will rise by 925 Naira per $1 in December of 2021.

We can clearly observe that the Naira rose sharply to 525 from 500 per $1 just 1 day after the CBN made this recent 2021 announcement but it’s said that it would go even higher.

Continues reading Why Saving Your Nigerian Naira in Dollars and How To Fund Or Save Dollar Account in Nigeria....

>>> https://www.zenithtechs.com/cbn-ban-on-bdc-start-saving-dollar-from-nigeria/

There’s this African adage that says that until a boy sees another man’s farm, he believes his father’s farm is the largest.

It is possible to double your saved Naira within a year, just take actionable steps to invest your money into dollars.

I love to hear your thoughts about this CBN decision, do you think it’s the right decision to take?