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Nairaland Forum / Nairaland / General / Business / External Reserves Hit Two-week Low As Naira Weakens (19367 Views)
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Re: External Reserves Hit Two-week Low As Naira Weakens by DoyenExchange: 4:43pm On Apr 01, 2017 |
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Re: External Reserves Hit Two-week Low As Naira Weakens by styca(m): 4:55pm On Apr 01, 2017 |
Teewhy2: This is exactly the same discussion I had with a colleague, This recent measures by CBN is temporary. It will definitely affect the External Reserves, until we are able to generate FX from other sources to augment whatever it is we are getting now. One Suggestion, could be to look at how to tighten Tax revenue generations. Encourage increased exports, or any venture that has the potential to earn us FX. Samsteve |
Re: External Reserves Hit Two-week Low As Naira Weakens by 989900: 8:41am On Apr 04, 2017 |
wristbangle: The situation is fluid at the moment . . . fingers crossed. P.S. Brent is above $50 again for some few days now, and for those who are conversant with Forex trading, Fridays and Mondays are higher demand days=higher prices. |
Re: External Reserves Hit Two-week Low As Naira Weakens by 989900: 8:44am On Apr 04, 2017 |
modath: I dey 9ja, Mo . . . and always busy (business, socials, 'owanbes'). The situation is fluid at the moment . . . fingers crossed. P.S. Brent is above $50 again for some few days now, and for those who are conversant with Forex trading, Fridays and Mondays are higher demand days=higher prices. |
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