Tag: Business

The recent memory of widespread FX losses recorded by foreign and local companies in Nigeria, and the struggle of Nigerian businesses to pay for Dollar – quoted cloud and software services, have shown clearly that businesses that earn mostly in Naira should be really careful with Dollarizing their obligations and costs. It’s a quick way to get into existential troubles.

If these monies are raised mostly with debt instruments and Naira falls again, we will likely have to put up with a devastating banking crisis.”