MICRO FINANCE unknown to many is the sole panacea to mass poverty eradication in human society.The blog specifically focuses on the industry around the world but with more bias on Africa-unarguably the poorest region of the world.
April 30, 2024
April 26, 2024
FOREIGN EXCHANGE VOLATILITY REBOUND OF CURRENCY SUBSIDY.part one
We re back to volatility rebound the inherent risk in the short-lived gain of naira appreciation and the bureaucrats should not be trusted for the method of defending the naira.The same unworkable principles that could not prevent Russian foreign reserves from being wiped out at a particular period.The gain that made naira the best performing currency in the world came at a great cost of dwindling foreign reserves and the nightmare of currency subsidy has just begun from 950 or a thousand naira to 1,234 to 1,300.The problem with Nigeria for allied boom is the challenge of sustainability.Azuka below in the postscript did a good job in unveiling the nightmare.
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