SITUATION:
With Current oil price deep and Iran Coming into the Oil market. There is likely to be a further devaluation of the naira exchange to dollar as JP Morgan and other Venture Capitals Firms in the U.S Forecast the Oil to sell within $10 - $28 within the coming weeks.

Many Importers or Online Consumers are presently partaking in what is tagged ''PANIC BUYING'' i.e Buying things they do not really want and storing them just in a bid to avoid a weak purchasing currency in the coming weeks ahead. Last few weeks I purchased online @ $1 to N270 now last week it was at $1 to N285.

SOLUTION:
Save your Naira with your PayPal account. Have an estimated Budget of the amount you are willing to spend on your foreign goods and save that estimated dollars in your PayPal account while the exchange is not yet as bad as it might be in the incoming weeks ahead do not Panic Buy as this will only affect the overall end cost to the customer because of the added cost of inventory.

Search online for more steps too be able to save with PAYPAL account.
The only disadvantage about using PayPal to save is when you want to make a deposit back to your National Bank account is has a daily limit of about $500

Hope you found this info useful.