By combining well timed purchasing decisions, adaptive pricing methods and transparent explanations to customers, they keep inventories sourced in naira alongside items whose costs follow the dollar both affordable and profitable.

Whether dealing with electronic devices, imported fabrics or staple foods, traders adjust order timing, packaging sizes and supplier choices to match current exchange fluctuations.

The 10 strategies below reveal how experienced sellers pivot fluidly between local currency and dollar aligned merchandise to maintain competitiveness and financial strength in a volatile forex environment.

ALSO READ: Best strategies to profit from a devalued Naira in Nigeria

1. Monitor exchange rate updates

Traders subscribe to several forex platforms and activate alerts for significant naira to dollar movements. Early notification of shifts allows them to revise selling prices or postpone restocking until more favorable rates apply.

2. Schedule bulk purchases when rates improve

When the naira briefly strengthens, traders place large orders for goods priced in dollars. As the naira weakens, they reduce import volumes and increase sourcing of products made locally and priced in naira.

3. Apply tiered pricing categories

Stock acquired at different exchange values is grouped into separate price levels. Clear signage distinguishes naira based items from those tied to the dollar, giving customers budget options while protecting trader margins.

4. Offer varied packaging sizes

Providing small units or mixed bundles enables traders to adjust unit costs without updating every price. Mini packs or sampler bundles soften the impact of currency swings and keep products accessible to all buyers.

5. Maintain a dollar reserve account

Sellers hold a portion of their working capital in dollar denominated accounts or digital wallets funded when the naira is at its strongest. These reserves cover urgent replenishments without resorting to spot purchases at peak rates.

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EXPLORE: 8 effective tactics to protect your naira from inflation

6. Cultivate multiple supplier relationships

By working with both local manufacturers and a range of international importers, traders can switch sourcing according to the prevailing exchange conditions, leaning on naira priced suppliers when the dollar rises and vice versa.

7. Use dynamic restock thresholds

Inventory tracking systems flag reorder points based on stock levels and rate forecasts. Traders adjust thresholds upward for dollar linked items when the naira falls, reducing exposure to sudden cost spikes.

8. Communicate pricing logic to customers

Onsite notices explain the link between currency value and product prices. When customers see live exchange rates alongside price adjustments, they understand rate driven changes and remain engaged rather than discouraged.

9. Secure forward purchase agreements

Some traders negotiate contracts that fix naira prices for future deliveries of high value goods. By locking in costs ahead of time, they shield their margins from unexpected currency swings.

10. Recycle turnover into fast moving goods

Profits from dollar denominated sales are quickly invested in high turnover products sold in naira, such as perishables or basic household items, when the naira is under stress. Once the currency stabilises, traders resume stocking higher margin imports.

These adaptable methods allow market traders to manage risk, maintain customer trust and safeguard earnings as they move seamlessly between naira based and dollar related merchandise in Nigeria’s ever shifting forex landscape.

RECOMMENDED: African country bans use of dollar, euro, others in domestic transactions

A Nigerian man, Imoleayo Samuel Aina, aka Alice Dave, 27, entered a plea of guilty before United States District Court Judge Joel H. Slomsky to cyberstalking, interstate threat to injure reputation, receiving proceeds of extortion, money laundering conspiracy, and four counts of wire fraud, in connection with the sexual extortion and d3ath of a 20-year-old man, Jack Sullivan, who committed suicide in the Eastern District of Pennsylvania. United States Attorney David Metcalf announced this in a statement issued by the U.S. Department of Justice on Tuesday, May 6, 2025. Aina and co-defendant Samuel Olasunkanmi Abiodun, 25, were arrested on a complaint and warant in Nigeria, taken into custody by the FBI on July 31, 2024, and extradited to the United States to face charges in this case.  They and another Nigerian co-defendant, Afeez Olatunji Adewale, 25, were then charged by indictment in August 2024.  Aina is scheduled to be sentenced on August 11 and faces a statutory maximum of lifetime imprisonment. Abiodun pleaded guilty in December to money laundering conspiracy and four counts of wire fraud. He is scheduled to be sentenced on June 10 and faces a statutory maximum of 100 years imprisonment. Adewale has also been charged with money laundering conspiracy and four counts of wire fraud. He remains in Nigeria, pending extradition to the U.S. The case was investigated by the FBI and the Abington Township Police Department and is being prosecuted by Assistant United States Attorney Patrick Brown. Aina and Abiodun were extradited to the Eastern District of Pennsylvania with assistance of the Justice Departments Office of International Affairs, the FBI Legal Attach in Abuja, and the FBI.  The support and assistance of Nigerian security authorities was essential to this effort, notably that of Nigerias Attorney General of the Federation and Minister of Justice, the Federal Ministry of Justices International Criminal Justice Cooperation Department, and the Economic and Financial Crimes Commission.   Jack Sullivan, a 2021 graduate of Abington Senior High School and Kutztown University sophomore, received a flirtatious Instagram message from a user who called themselves Alice Dave in January 2023.  The two exchanged messages, and later intimate photos on Snapchat.  Later that night, Alices flirty texts were replaced with threats that if Sullivan didnt send money, she would share the photos with his family, friends, and campus community all u have to do is cooperate with me and I will not expose u, if you block me I will ruin your life, Alice wrote, according to law enforcement records. dont try to act smart I know where you live.  Sullivan sent roughly $2,800 but Alice refused to delete the photos.  Less than 24 hours after the first message, he walked onto train tracks leading to the Jenkintown SEPTA station.  Three minutes later a passing train struck and k!lled him. Originally ruled a suicide, the coroners office in Montgomery County changed the cause of d3ath to homicide following an investigation. Sullivans parents filed a civil lawsuit in December 2023 against the social media companies which own Facebook, Instagram, and Snapchat for failing to remove predatory accounts.   The post Nigerian national pleads guilty to cyberstalking, other charges related to the s@xual extortion and d3ath of 20-year-old man in US appeared first on Linda Ikeji Blog.

President Bola Tinubu on Tuesday presented a ₦1.78 trillion budget proposal for the Federal Capital Territory (FCT) to the National Assembly, urging lawmakers to fast-track its passage to facilitate critical development projects.

The ₦1,783,823,708,309 budget was formally submitted in a letter addressed to the National Assembly leadership, which Speaker Tajudeen Abbas read aloud on the House floor.

Tinubu stated that the budget presentation was in compliance with Section 299 of the Nigerian Constitution, which empowers the president to lay the FCT’s budget before the legislature.

In his letter, the president emphasised that the proposed budget would boost key sectors, including health, social welfare, agriculture, and employment.

READ ALSO: FCT achieved 90% performance of N1trn 2024 budget – Wike

“The passage of the budget would facilitate investment in health and social welfare, increase agricultural production, and improve the creation of jobs,” he wrote.

Highlighting the budget’s priorities, Tinubu revealed that 85% of the total allocation would be directed toward completing ongoing infrastructure and development projects, while the remaining 15% would fund new initiatives.

The president concluded his message with a direct appeal to legislators: “I urge the National Assembly to give this budget the urgent attention it deserves, in the interest of accelerating development within the FCT.”

READ ALSO: Wike vows aggressive revenue drive to complete ongoing projects in FCT

The proposed budget is one of the largest ever for the territory and underscores the administration’s focus on preserving the continuity of existing capital projects while gradually expanding new investments.

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The FCT budget presentation comes at a time of heightened national expectations for improved urban services and job creation in the capital city.