In Nigeria we have a saying,’Drinking panadol for another person’s headache. That is what came to mind when I read on Reuters that the US says it will press Nigeria this week to devalue the Naira. I was like, ‘Has Nigeria become the 51st state of the United States?’ There must be something for them to…… Continue reading Why is the US trying to force Nigeria to devalue the Dollar? Wetin concern US on top this matter?
Tag: dollar
70 million Nigerians can no longer afford fish, screams The Economist
As it attacks Buhari over worsening economic situation in Nigeria.
Dollar scarcity: Nigerian manufacturers look to local alternatives for imported raw materials
Due to the difficulty in getting US dollars for import, Nigerian industrialists are increasingly using locally sourced alternatives to raw materials they previously used to import. For instance, one industrialist told Punch that his company had in the past month been using locally sourced soybeans instead of imported feeds. The current weakness of the naira…… Continue reading Dollar scarcity: Nigerian manufacturers look to local alternatives for imported raw materials