Buhari's CBN Policy : Before you accuse school fees of draining the Forex, look at this allocation by StanbicIBTC.
Stanbic IBTC returns showed that BNP Paribas, Brown Brothers Harriman/Stanbic Nominees, HSBC Funds Services London, JPM London, JPM Securities, Northern Trust London, State Street/Stanbic Nominees, the Bank of New York, were some of the investment banks that it sold forex to following their divestment from Nigeria’s stock market, treasury bills, as well as FGN Bonds.
20.1million out of 23.6million went to these guys pulling their money out of our country. And only $20,000 went for school fees. Why are they now blaming school fees?
Foreign companies selling off their Nigerian investments because of the useless policies of the current administration. Look at it and compare that with the number of school fee entries. This is our real forex problem. look at this allocation by StanbicIBTC. Foreign companies selling off their Nigerian investments because of the useless policies of the current administration. Look at it and compare that with the number of school fee entries. This is Before you accuse school fees of draining the Forex, look at this allocation by StanbicIBTC. Foreign companies selling off their Nigerian investments because of the useless policies of the current administration. Look at it and compare that with the number of school fee entries. This is our real forex problem.