And Goes: “This desperation to raise capital from international markets to meet Central Bank’s new minimum capital requirements may be pushing these banks towards FX risk buildup that could significantly weaken them in the future. Read More
By C’Lawrence
And Goes: “Now that cashless policy implementation speed has been slowed or strategy changed, I urge you to surmount every challenge and circulate more lower Naira denominations to the economy. Read More
By C’Lawrence
And Goes: “I believe it’s in line with the CBN’s rate unification goal, as it could reduce the pressure on the parallel market. This should move much of the forex demand for the 43 items to the investors and exporters window, if well managed with the needed increment of Forex supply to the window. Read More
By C’Lawrence
And Goes: “All foreign inputs to manufacturing in Nigeria has now become way more costly for companies that used to access Dollar on the I&E window. Read More
By C’Lawrence
And Goes: “I have nothing to my name. Less than two years ago, I was still sharing a room with other people. I will rather buy a land, stock goods in my business and keep an ’emergency million’ in the bank. Read More
By C’Lawrence
And Goes: “Now that crude swap is ending and NNPCL has to buy Dollar at market rates, expect even higher prices of fuel and Read More
By C’Lawrence
And Goes: “Fuels that pass through Dollar no longer acceptable as reliable means of fulfilling Nigeria’s energy needs. If Nigerians must go through this subsidy removal and it’s resultant higher prices, it must be with a pragmatic roadmap to improve local refining and strengthen the Naira. Read More
By C’Lawrence