1. Let us be clear, in economics…there is no free lunch 2. Central Bank of Nigeria (CBN) can make N1 to become $1 in three months….how? 3. They fund the Interbank market with $500m daily… $1 will be N1 by… Continue Reading
The Naira breaks below psychological barrier of N500 to $1. Does Nigeria need a strong or weak Naira? if Nigeria seeks to stem imports and boost exports which will positively improve GDP, then we need a weaker Naira. However the… Continue Reading
“The Nigerian Economy in one post 1) Pilgrims rate N197/$, 2) Customs rate N285/$, 3) Budget rate N305/$, 4) Interbank rate N315/$, 5) Fuel Imports rate N316/$, 6) International Card rate N319/$, 7) Travelex rate N345/$, 8) Special Funds Airlines… Continue Reading
So picture an account, call it Current Account, and one side of the Current Account label it “Debit”, on the other side of the scale label “credit. “So “Debit” are Imports and Payments made, Credits” are Exports and Payments received….got… Continue Reading
