Now That Dollar is Falling, Will Gadgets Prices go Down too?

It wasn’t funny when the prices of gadgets began to rise
last year, goods and services became more expensive and even the typical high
ends smartphones with 4G enabled that normally goes for N46,000 skyrocket to
around N100,000+. It was all attributed to the rise in dollar.

Now that dollar is fallen gradually, will the price of
gadget also go down? Will banks also enable our Master Cards for international
transaction also? Ever since this dollar rise saga hit Nigeria, and banks
limits the usage of master cards online, a lot of people have been finding it
difficult to shop on foreign site most especially those that love to buy from
sites like AliExpress, Ebay, gearbest, everbuying etc.
GTB limits Naira master card to $100 per months, Access bank was
formally $200 but was reduced to $100. I don’t know how true this is but I
overhead someone said you can request for the limit  placed on UBA Master
card to be lifted.
I’ve always use my Dollar Master Card to do any transaction
I wanted online but even at that, it will be of great help if the limit placed
on Naira card is lifted.
As at today, the current dollar to naira exchange is around
N375 per dollar. Should dollar fall also leads to gadgets fall in price? Or do
you believe in what some people tag has whatever goes up in Nigeria never come
down? What do you expect because dollar will still fall?
Spread the love

15 thoughts on “Now That Dollar is Falling, Will Gadgets Prices go Down too?”

  1. For All this , Dollar is the most important things to look and since the dollars is now getting down ,I think Getting down of dollar would make more goods and service price to fall down too.

  2. The problem with the naira is that it always flunctuate, 2morrow up next 2morrow down this can make it hard 4 importers to determine a stable prise to sell these imported products, because if they sell at a lower prise when naira drops it becomes hard to restock their products and also make profit. The only way to benefit as naira appreciates is when there is no shape decrease or increase in the currency. Banks are only following the directive of CBN to reduce the demand on dollar. What a funny country.


Leave a Comment