8 Comments

You forgot to add Bismark Rewane's suggestion to the CBN to get out of the fx conondrum, I believe he said CBN should sell dollars to the BDC's at 10% less the parallel market price, cutting the profit margin of BDC's and hopefully achieving exchange rate parity at least something of it

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Yes, that suggestion actually makes sense. Yet I think that long term, the best thing to do is to attract FDI inflows.

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Well enough but I still think the bdc should be left out as they can't be marking up 80-100 naira per dollar they get from cbn and with the banks handling it now ut is easy to find the people who faked travelling but wouldn't be possible with bdc ,

Have a great day

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When you get an opportunity to make easy money, you are free to reject it.

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I love love your newsletter

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Thank you so much!!

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I never miss the chance to fame ex-colleagues, - i think you mean famz- could you be in the throes of withdrawal? -jk

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Lmaooo. Blame autocorrect for that one 😂

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