Naira

It’s Official – Naira is Devalued!

Dear Reader, 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 …

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Naira Slide

  In the wake of this year, I described the things that we’ll find happening in the economic terrain in 2009. I described a story where the first sign in war led famine, was things becoming expensive. Well, we are not so far gone in the year and it’s happening already. I’m not merely writing …

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