The dollar will further fall against the naira, as local refineries supply the Nigerian market, beginning with Dangote.
One major good news is that Nigeria will earn in dollars as oil products are now exported to the US and Asia.
Expectedly, price will crash, in a natural response to the law of demand and supply.
Another game changer is the CBN raising recapitalisation base of commercial banks to N500bn/N200bn (internationally and nationally).
Keynote:
The dollars stashed by owners of banks will have to be brought out to raise their new capital base. They will have to look for foreign investors too.
They will also have to convert their dollars to naira to keep their banks in business.
The gains appear numerous for us, as a nation.