Cost Of Living: Sellers, Buyers Lament High Cost Of Food Despite Drop In Dollar

The rebound in naira exchange rates against the dollar and other global currencies is said to be leading to a drop in the prices of some commodities in the domestic market.
Analysts at Financial Derivatives Company Limited have said that the naira at the official and parallel markets rebounded to N1,260/$ and N1,125/$.
As widely expected, the prices of some food items are supposed to have begun adjusting in line with the sustained naira appreciation.
In this report Nuel Samson visits utako market in the federal capital territory and speaks to sellers and buyers of food stuff to ascertain if the appreciation of the naira against the dollar has led to a downward review in prices of food stuff in the market.
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