Posts in tag
Nigeria Naira
WHY NAIRA DEVALUATION IS GOOD FOR NIGERIA – RENO OMOKRI
By Deborah Osagiede Popular public figure, Reno Omokri took to his social media platform to educate Nigerians on how naira devaluation is good for the country. In his post, he stated that “Devaluation reduces imports and drives exports. It will reduce our sovereign debt and also make citizens look inward and ignite their creativity. Instead …
Economic uncertainty looms as CBN predicts tough times
Posted by: Rita Ohaedoghasi With the International Monetary Fund throwing its weight behind the Central Bank of Nigeria’s plan to shift policies supporting foreign exchange restrictions and devaluation, stakeholders raise alarm over the nation’s economic outlook. The Monetary Policy Committee of the CBN spread panic on Tuesday when it released a communique hinting at long …
