Showing posts with label Naira. Show all posts
Showing posts with label Naira. Show all posts

Monday, May 1, 2017

Is CBN Defending The Naira Or Dollar?

“As I speak to you, our external reserves stand above $31bn, and that provides us with enough fire power to be able to defend the naira”

Monday, February 8, 2016

See Why The Naira May Fall To The Dollar At N1000/$

PLUNGING NAIRA – BEFORE YOU BLAME EMEFIELE LOOK AT YOURSELF

It is either I do not understand economics and how exchange rates work or a vast majority of us Nigerians still don’t get how we have wrecked our country with our own curious choices. Just this morning I was listening to the radio and the lady on air went on and on about how she thought CBN governor Godwin Emefiele was incompetent and should be sacked because the naira was now exchanging at 309 or so to the USD. That view pretty much echoes the sentiments expressed by many people I know and it amazes me that there are Nigerians who actually think there is some magic POLICY that can make the Naira strong in the near term. If my economics and my understanding of the way the world works are right, then that is as far from the truth as Jesus Christ is black.

Yamaha Musical Equipment

Yamaha Musical Equipment
Yamaha Musical Equipment