The Dollar to naira depreciation is no news, especially in recent years. In fact, it is safe to say that the naira/dollar exchange rate is one of the most discussed issues plaguing Nigeria. It is a topic either discussed with a smile (if being paid in dollars and resides in Nigeria) or with a frown (if otherwise) and must I say, only a few conversations of this topic are discussed with a smile …… in Nigeria of course. There have been a number of speculations of reasons for the recent steady depreciation. While some attribute the steady depreciation to the high demand for foreign exchange (dollars) against the supply in Nigeria, most blame it on the falling oil prices in the international market and its consequential pressures since the dollar is the globally accepted exchange currency. Thankfully, this article will not help contribute to the speculations on the cause of the depreciation. The idea of this article is to shed some light on the past and the future of the nai