The international business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of now, and says only foreign borrowing can solve the currency issues. It stated this in its latest Country Report on Nigeria, which was published on Friday March 8, 2024.
(By Daily Post)
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Foreign borrowing will further increase the strength of the Dollar against the Naira
ReplyDeleteNothing new here...I thought 'they' said naira was appreciating??
ReplyDeleteHmmm.....
ReplyDeleteThought banning Binance was supposed to fix their issue
ReplyDeleteIt's well
ReplyDeleteWhere is that BV that tackled me last week when I made a similar allusion? I desire that Nigeria makes progress. But at the same time, I'm not going to wear rose colored glasses to see what is obvious.
ReplyDeleteIt is well.
ReplyDeleteCBN ti lana
ReplyDeleteThey don’t have anything to export apart from oil? So the only thing Nigeria sells to the world is oil? They better find some industries that can generate revenue, or open the manufacturing sector so they can support the local market and they don’t have to import as much. Nigeria likely has the brightest ppl on the continent, why not sell the Nigerian brain as a brand.
ReplyDeleteAnyhow, I ain’t no economist or numbers person, so take my suggestion with a grain of salt.
Government seems to be clueless, foreign people want further debt chains on Nigeria. If only leadership across board was actually patriotic, addressing the real issues with the correct solutions instead wasting money gallivanting aimlessly to invite investors into an insecure economy and country
ReplyDeleteHow is that news? If we had the dollar wouldn’t they have pumped it into the economy? You did not hear about all the dollar that was chopped by the past cbn governor and others? I don’t understand what is wrong with us. Are they suppose to go and pluck the dollar or dig the ground for it???
ReplyDelete