16 Jun 2016

KINGSLEY IGWE

New Naira Policy: See 8 Things That Might Happen In The Next Few Days




The Central Bank of Nigeria, CBN, on Wednesday released modalities for the country's new flexible foreign exchange regime.

Here are things that are expected to happen in the next 10 days as a result:

1. Naira will get a new official price against the dollar when the market opens on Monday

2. The naira will appreciate against the dollar immensely at the black market

3. Scarcity will be reduced as dollar will be more available to buy

4. The gap between the official market and the parallel market will shrink

5. Round-tripping by dollar dealers (individuals and companies) will be massively reduced

6. The restrictions on naira cards abroad will be removed

7. The pump price of petrol may reduce

8. Inflation rate will reduce

KINGSLEY IGWE

About KINGSLEY IGWE -

I've even gone so far as to verbalize it specifically, time is too precious to waste on trivial arguments and negativities. I'd rather get on to the more fun and rewarding stuff right away!

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