Happy New Year everyone! It’s a late new year post but I’ve been in my village with really bad internet for the past almost two weeks (for those of you not aware, I’m currently in Nigeria). I hope you all enjoyed the festive period and are coming into 2019 with a lot of energy and […]
Tag: naira
Emefiele’s New Robes
Emefiele has finally woken up from his Buhari induced stupor and decided to float the naira, allowing the exchange rate to be determined by the market. This is something everyone with half a brain has begged him to do for over a year now. It only took getting kicked out of every emerging market bond […]
The Central Bank of Nigeria is Killing Nigeria
Nigeria is an import dependent country: much of everything we use is made outside the country. For years, it’s been standard Central Bank policy to buy up naira to keep the exchange rate within a certain band in order to keep import prices cheap and the economy stable. But now, our oil exports have fallen, […]
