Uk knows that apart from crude oil ,she relatively imports very little from Nigeria ,on the other hand Nigeria imports a lot from UK,which means the trade isn't balanced ,by listing the naira ,the UK is just making export easier for her companies ,we must realise that the UK needs to quickly restrategise all her trading before brexit,by listing the naira they have further made exporting to Nigeria easier for UK companies

Proudlyngwa:

Afterall before this arrangement, what were we gaining.

Wrong question.
After this arrangement, what are we losing?

supereagle:
CYRIL RAMAPHOSA, NEW PRESIDENT OF SOUTH AFRICA

1. He is the Chairman, MTN group
2. Owner, MacDonald's SA.
3. Chief negotiator of Nelson Mandela's presidency
4. Mandela's 'preferred' successor
5. Involved in the resolution of the insurgency in northern Ireland.
6. One of SA's richest men
7. Has 31 houses
8. Lives in a R30m mansion.
9. Has over 100 cattle

If you use or have used MTN, you have contributed to Cyril Ramaphosa's wealth!

Whatever will be will be. Cyril Ramaphosa was supposed to be Mandela's deputy, and to take over as President having led on the ground mass movement of the National Union of Miners and the United Democratic Front, and being by the side of Mandela at the negotiating table. He was unfortunately edged out by ANC godfathers.

He didn't have a godfather. He was not the son of Govan Mbeki, Mandela's contemporary in the South African struggle. The ANC godfathers preferred the son of Govan Mbeki, Thambo Mbeki, to be Deputy President, a good man and qualified man in his own right.

Cyril, frustrated, left the ANC and active politics and went into business and became very successful. Years later, he returned in measured steps to active politics after Thambo Mbeki, the man that edged him out, had himself been pushed out of power by his own deputy, Jacob Zuma.

Today, the decay of the ANC under Zuma has brought Ramaphosa to the Presidency that he mostly deserved about 15 years ago but from which he was edged out.

Life lessons:

1. Whatever is ordained to be will eventually be.
2. Have a mentality of abundance in the words of Steve Covey. Pursue other lofty and fulfilling dreams if current one seems unattainable.
3. Ramaphosa has become President at a time the LORD ordained for him. He is better today, more exposed, more mature and would do better than if he was President 12 years ago.

He was a union leader who transited to become a business leader. He knows the unions, the working class and also knows the interest of business.

He would be able to build a social compact of private and public sector needed to build a more inclusive South Africa, uniting the nation under one rainbow umbrella as Mandela did.

Best wishes to President Cyril Ramapahosa, the 4th President of the Republic of South Africa.

* I want to encourage you this day to hold on to your dreams. If you're not what or where you desire to be yet, DON'T GIVE UP! It may not be the best time yet and, surely, you will emerge soon in Jesus' name.

*Believe me, God is only packaging you to be fit for the miracle, better and bigger than your own plans.

Stay encouraged!

God bless you richly.

~Copied

Buhari nko?

Dalexicographer:
Smh! For this country....
Even if the foreign currency equals naira,
We'll still keep on hearing animals carting away with the money

you should be grateful you are hearing about it ! After all it’s investigation that made you hear about it ! Before everybody was Just chopping and cleaning mouth - ignorance is not bliss !

Proudlyngwa:
alarmist
why not look at it this way , more african countries willing to avoid bottlenecks will use naira which is easier to get as means of payment for Uk goods and services, also UK can be used as a means of selling our raw materials arts and other finished products to european countries.
lets see how this plays after six months instead of creating unnecessary exagerated negative attention.

Afterall before this arrangement, what were we gaining.

After 40 or so useless comments on top it seems you are the only one who bothered to analyse this.

Anyway, personally I disagree with the writeup too.

The main thing to note is it creates another major market for getting pounds and has been shown with the current successes CBN is having with controlling our currency- multi markets are not bad things in a country like ours where there is too much fake demand.

Yes, the default theory in Economics is if you export more to a country your currency will get stronger.. but with the global economy dominated by the dollar and a deficit ridden America, I am not sure this is simply true anymore.

Fake and speculative demand is the king of the global economy now (eg. crypto currencies, the stock market etc), and if this can be curtailed in any market, true values would be found.

LASTLY- haterz and PDP lovers, please learn to analyse so we can have meaningful arguments that can hopefully push this country forward.

It does not take rocket science to know that the balance of trade favours the UK over Nigeria