Naira Appreciation to Bring Lower Prices for Transport, Imports; Government Stabilization Efforts Curb Speculation

Some sectors like transport and imported goods may see price drops as the Naira appreciates.

Prices of diesel-dependent operations like manufacturing and transportation should fall with the drop in diesel prices.

The government is cracking down on currency speculators to stabilize the Naira.

Increasing forex inflows from remittances and investments are adding to Naira supply.

The CBN has tightened monetary policy, raising interest rates, to control inflation.