L
LequteMan
Guest
Nairametrics has an interesting piece on how the foreign media is pressurizing the Nigerian government and the CBN to devalue the Naira.
Excerpt:
It appears the pressure on the CBN to devalue the naira will not be relenting anytime soon as the international media continues to publish articles favourable to a devaluation of our currency. The world leader in Business News and Financial data Bloomberg featured an article headlined “Pressure Mounts for Nigeria Naira Devaluation on Oil Plunge”.
However, reading through the article reveals the so-called pressure was on the back of an interview granted John Ashbourne, a London Based Economist and Economist, Alan Cameron of Exotix Partners (which describes itself as “a licensed to provide a number of different financial services but the core business activity is providing liquidity to both buyers and sellers of financial instruments.”) Here is an excerpt of their comments in the Bloomberg article;
Read full store here
Excerpt:
It appears the pressure on the CBN to devalue the naira will not be relenting anytime soon as the international media continues to publish articles favourable to a devaluation of our currency. The world leader in Business News and Financial data Bloomberg featured an article headlined “Pressure Mounts for Nigeria Naira Devaluation on Oil Plunge”.
However, reading through the article reveals the so-called pressure was on the back of an interview granted John Ashbourne, a London Based Economist and Economist, Alan Cameron of Exotix Partners (which describes itself as “a licensed to provide a number of different financial services but the core business activity is providing liquidity to both buyers and sellers of financial instruments.”) Here is an excerpt of their comments in the Bloomberg article;
Read full store here
