Yes, it’s now official. As a fall out of the just concluded MPC meeting, the Naira has been officially devalued from 155±3% to 168±5%
This means that the interbank rate and market rates are expected to see a jump of about N13±5%. This indicates that the pressure on the Naira is still on, and we can expect these rates for a while.
The big question is what do we do in times like this? How can we be on the side of the divide that smiles during calamity? What does a wise ant do? Wisdom is the manifestation of long term thinking.
Here are my suggestions based on my understanding from the beginning of this year that winter is coming. These are my thoughts falling out from the current realities. …