₦airaland Forum

Charpell:
Nice tips bro, but this should be in the business section

You know you can also do justice to it

Charpell:
So everything is revolving around DISCO.
When i heard about the 50% reduction, i knew the faith of distribution company were at stake

We they don't hurt us later.

The Federal Government has announced reduction of electricity tariff by over 50 per cent in some places in the country.


The Chairman of Nigeria Electricity Regulatory Commission, Dr. Sam Amadi, announced the reduction in a statement issued on Tuesday, March 17, in Abuja.
From his address, we have compiled 10 things you should know about the new electricity tariff.


1. “The review shows that the major underlying cause of the skyrocketing increase in the tariff is the huge Aggregate Technical, Commercial and Collection (ATC&C) losses, which are passed through to consumers. In some DISCOs ATC&C losses raised tariff by as much as 80-103%.”

2. “The Commission has been listening to consumers and taking full account of the impact of high tariff on consumers and the Nigerian economy, has therefore reviewed the basis of the MYTO 2.1 assumptions and has determined that it is inappropriate to transfer to consumers collection losses that are controllable by DISCOs.

3. “The removal of collection losses from customer tariff has reduced tariff by more than 50 percent in some places. Please note that the reduction does not affect the CBN facility and its repayment.”


4. “On Monday, March 9, 2015 the Nigerian Electricity Regulatory Commission (NERC) issued a new order to the effect that henceforth collection loss, which is defined as the ‘amount billed but not collected’, will not be automatically passed on to consumers of electricity. Consequently, the collection loss for all DISCOs is set at zero.

5. “This new direction comes as part of the commencement of the Transitional Electricity Market (TEM). TEM is built on bilateral trading between parties and is geared towards ensuring an efficient market where cost reflectivity will lead to more affordable electric services for consumers. As part of preparing for TEM the Commission has issued a tariff review regulation that requires the utilities to consult with relevant consumer classes before presenting a tariff review application to the commission to approve.”


6. “It is now the responsibility of the DISCOs to prepare and present to the Commission a tariff that will ensure that they recover their costs and ensure efficient operations.”


7. “This new order now amends the MYTO 2.1 and has reduced the tariff to be paid by all class of consumers. In the review MYTO 2.1 the Commission followed due process and the regulatory principles.

8. “The decision to review tariff is completely compatible with the terms of the privatization and has been reviewed with the Bureau for Public Enterprises (BPE). NERC and BPE are working together to advocate for series of fiscal policies that will foster easier access to investible capital to further increase capacity and enhance reliability in the sector.”

9. “Since January 1, 2015 when the Nigerian Electricity Regulatory Commission (NERC) approved the MYTO 2.1 we have received several complaints against the increase in tariff of different consumer classes. Industrial and commercial consumers under the auspices of the Manufacturers Association of Nigeria (MAN) petitioned the commission asking for a review of the MYTO 2.1 and requested drastic reduction of their tariff. They claimed that such astronomical increase in tariff would kill their business and lead to massive job losses.”

10. “The Electric Power Sector Reform Act and the Business Rules of the Commission mandate the Commission to review its decision at the petition of an interested party who complains within 60 days of the decision. Pursuant to these rules, the Commission organized public hearing and received evidence from consumer classes on the affordability of the new tariff.”

Source:http://nairausd..com/2015/03/10-things-you-should-know-about-50.html

Truth

Is it because you want to get into power, that you will use any means to justify your actions.

ozoigbondu:
Abacha did not steal
Pa buhari

Na so we hear ram oh!

Eromosele Abiodun

Standard & Poor's Ratings Services said at the weekend that it has placed its 'B-' long-term corporate credit rating on Nigeria-based oil and gas exploration, production, processing, and distribution company Seven Energy International Limited-a CreditWatch with negative implications.


The CreditWatch placement, S&P said, relates to the deterioration of Seven Energy's liquidity position.

S&P in a statement said, “Specifically, in our view, Seven Energy will have only marginal headroom under financial covenants in the future quarters of 2015, and there is a risk that debt maturities and capital spending commitments (together totalling about $280 million for full-year 2015) might require additional funding in the context of lower operating cash flows.”

It added: “We believe Seven Energy will continue to increase its production and
develop its pipeline infrastructure, despite a challenging market environment, including lower oil prices than it had anticipated.

Our assessment of Seven Energy's financial risk profile as "highly leveraged" reflects our forecast that its ratio of funds from operations to debt will be about 20 per cent in 2014, but in the low teens in 2015 and potentially higher than 20 per cent in 2016.

We assess the business risk as "vulnerable," due to the company's concentrated asset base around the Niger Delta, its dependence on a few pipelines to transport its products, and its relatively small operations by international standards.”

These factors, S&P stressed, are somewhat mitigated by the company's robust Standard & Poor's-adjusted EBITDA margin, although this could decrease temporarily in 2015.

“The CreditWatch placement reflects our view that there is risk of a covenant breach and the potential need for additional funding to meet debt and capital spending obligations later in 2015, if the company does not manage to improve its liquidity materially and in a timely fashion.

We could lower the rating by at least one notch if the company does not manage to secure its prospective liquidity position within approximately one to two months.

We could affirm the 'B-' rating and assign a stable outlook if the company manages to secure its prospective liquidity position within approximately one to two months, so that its liquidity metrics are commensurate with our "adequate" category under our criteria,“S&P added.

Source:http://nairausd..com/2015/03/s-places-seven-energy-on-negative-watch.html

Exchange Rate for Dollar-Naira, TUESDAY 17th March 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N225.50

PARALLEL RATE $1 N226.00



Location Matters For BDC Market & Parallel Market


Source:http://nairausd..com/2015/03/exchange-rate-for-dollar-naira-tuesday_17.html

Exchange Rate For Dollar-Naira On MONDAY 16th March 2015

CBN $1 N197.00

OFFICIAL $1 N199.65

BDC $1 N225.80

PARALLEL $1 N226.00



Location of BDC AND PARALLEL Is Different In Area.

Source http://nairausd..com/2015/03/exchange-rate-for-dollar-naira-on_16.html

By Chris Ochayi

The recent clean bill of health issued Nigerian National Petroleum Corporation (NNPC) by PriceWaterhouseCoopers, which conducted forensic audit report on the alleged missing $20bn unremitted oil revenue, has laid to rest months of controversies generated by the allegation.
Petroleum Minister, Diezani Alison-Madueke
The allegations, which took a tide of whirlwind and nearly smeared the reputation of NNPC, started in late 2013, when Lamido Sanusi Lamido, then Central Bank governor wrote to President Goodluck Jonathan asserting that billions of dollars were not accounted for by NNPC.

The CBN Governor’s letter to Mr. President alleging that “between January 2012 and July 2013,

NNPC lifted 594,024,107 barrels of crude oil valued at $65,332,350,514.57.

Out of this amount NNPC repatriated only $15,528,410,098.77 representing 24% of the value.

This means the NNPC is yet to account for, and repatriate to the Federation Account, an amount in excess of $49.8 billion or 76% of the value of oil lifted in the same period.”

This degenerated into a lot of arguments with many Nigerians expressing different opinions on the issue.

While many dismissed the claim with a wave of the hand and others insisted the monies were actually missing, the alleged missing money was to be later reduced to about $20 by Sanusi himself.

The opposition, rightly, latched onto this embarrassment.

The Federal Government, incensed by the claim, appointed an audit firm to carry out a forensic audit of NNPC account. But before then the Senate Committee on Finance waded into the allegations with a view to unraveling the authenticity or otherwise of the allegation.

At the hearing of sitting of the Ahmed Makarfi-led Senate Committee on Finance, the public learnt that the Inter-Agency Committee had completed its assignment and had certified and signed off on the claims of NNPC to the tune of $8.7 billion for petroleum products subsidy.

The Minister of Finance and the Co-ordinating Minister for the Economy, CME, Ngozi Okonjo-Iweala, said that the Committee had no technical competence to verify the other claims of $2.1 billion for pipeline repairs and maintenance, strategic reserves etc., and suggested that a forensic audit of the claims including what PPPRA (the statutory agency responsible for verifying products importation and subsidy claims) had certified and signed off be undertaken.

In making the suggestion, CME had noted that even though the claims of NNPC had been certified, given the extraordinary times, it may be necessary to invite forensic auditors to do a forensic examination.

CME equally called for a legal opinion on the status of NPDC and Third party financing alliances by NPDC

The former CBN Governor was asked if he agreed with the finding of the Inter-Agency Committee to which he answered in the affirmative, adding that since the agencies responsible for certification of products importation and subsidy claims have certified the claims of NNPC, CBN was satisfied.

The Senate Committee at the end of the probe, submitted its report to the Senate. Some of the observations and recommendations of the Committee include:

“That no oil revenue amounting to $49.8bn, $20bn, $12bn, or $10.8bn as alleged by the former CBN governor is missing

“That the total expenditure on kerosene subsidy for the period (January 2012 – July 2013) which was unbudgeted was $4.43 billion. It is not anywhere near $8.7bn that the APC lying machine is bandying about.

“That a Supplementary Appropriation Bill covering the amount be sent to the National Assembly for approval considering the ambiguity in government policy on kerosene subsidy and the fact that the PPPRA has verified the importation of the products.

“That NNPC should remit the sum of $262 to the Federation Account being “expenses it could not satisfactorily defend in respect of Holding Strategic Stock Reserve; Pipeline Maintenance and Management Cost; and Capital Expenditure.

“The report of the Committee was debated on the floor of the Senate at plenary and it adopted most of the recommendations of the Committee”.

It particularly resolved, based on the recommendation of the Committee that the allegation of the former Central Bank Governor that some money was missing was to all intents and purposes false and that no money (be it $49.8bn, $20bn, $12bn, or $10.8bn) was missing.

The senate also advised President Goodluck Jonathan to prepare and present to the National Assembly a supplementary budget “to cover the expenditure in the sum of N90.6bn for PMS (premium motor spirit) subsidy 2012 and N685.9bn for kerosene subsidy expended without appropriation by the National Assembly” based on the Committee’s finding that the expenditure was not based on a flagrant disobedience to the laws of the land in the light of the ambiguity surrounding the issue of kerosene subsidy removal.

The report of the Forensic Audit conducted by the internationally reputable accounting firm, PriceWaterhouseCoopers (PwC), on NNPC over the alleged unremitted $49.8bn was submitted by the firm to President Goodluck Jonathan at the State House, Abuja on February 2, 2015.

The President immediately handed over the report to the Auditor-General of the Federation with a directive to study it and make the key findings of the report public.

The Auditor-General, has made the highlights of the Forensic Audit Report known to the public.

The highpoint of his disclosure was that the report recommends that NNPC and its Exploration & Production subsidiary, the Nigerian Petroleum Development Company (NPDC) are to remit the sum of $1.48bn being “signature bonus due for divested assets and taxes/royalties”.

What the Auditor-General failed to explain to the public is that the signature bonuses, royalties and taxes on the oil wells divested by Shell and assigned to NPDC were not part of the oil lifting revenues ($49. which the former CBN Governor (now Emir of Kano) alleged was unremitted by NNPC and which was the reason for the Forensic Audit.

The recommendation to pay the signature bonus for the divested oil wells was not an indictment in any way over the alleged unremitted $49.8 or any of the latter versions of the amount that the former CBN Governor came up with.

Following the barrage of media reports claiming that NNPC was indicted in the PwC Forensic Audit Report because of its recommendation that NNPC should pay the sum of $1.48bn to the Federation

Account, the Group Managing Director of NNPC, Dr. Joseph T. Dawha, addressed a press conference to explain the recommendation and why it does not amount to an indictment.

The GMD explained that the $1.48bn represents the balance of the book value of the assets assigned to NPDC upon divestment by Shell as computed by the DPR.

He further explained that the full book value of the assets as computed by DPR was $1.847bn out of which NNPC had paid over $300m as a token to indicate its interest in acquiring the assets pending when NNPC and DPR come to terms on a mutually acceptable estimate of the book value of the assets as NNPC had raised concerns over some of the parameters that DPR used in arriving at its figures.

On deductions and kerosene subsidy, the GMD explained that the PwC’s report was unequivocal that the NNPC Act empowers NNPC to defray its costs from crude oil sales proceeds and so NNPC could not be blamed for doing what the law prescribes, adding however that NNPC was ready for the legal reform proposed in the PIB.

It is now a statement of fact that, the Forensic Audit Report, like the Senate Committee on Finance’s Probe Report before it, clearly stated that all the revenue generated from FGN crude lifting for the period of 1 January 2012 to 31 July 2013 amounting to $69.34bn was fully accounted for.

Nowhere in the report was it stated that NNPC was indicted over the allegation of unremitted or missing oil revenue.

The alleged issue of missing oil revenue to the tune of whatever amount ($49.8bn, $20bn, $12bn, $10.8bn?) has been laid to rest by the Senate of the Senate of the Federal Republic of Nigeria and an independent audit firm, PwC.

However, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has since directed the NNPC to defray the signature bonuses, taxes and royalties in line with the recommendation of the forensic audit report.

Source:http://nairausd..com/2015/03/how-clean-bill-of-health-on-alleged.html

Ugoobuz:
@ifyan pls i am very interested in this business infact i am already in it. please i live in abuja, i am familiar with this business in zone 4... please confirm your location for us to see if we can run things together as long as you are not in the same location with me... Ugoo . Peace!

Ugoobuz I am not a BDC operator.

I am a blogger that gather information from my environment.

The value of external merchandise exported from Nigeria rose sharply in 2014 from 14.2 trillion in 2013 to 17.2 trillion, showing an increase of 20.8 per cent.
Nigerian export trade up 20.8% to reach 17.2 trillion


According to the 2014 foreign trade statistics released by the National Bureau of Statistics (NBS), the estimated value of crude oil alone to the total domestic export trade was 12.79 trillion or 74.4 per cent while combined with other mineral products, the value rose to 15.7 trillion or 91.4 per cent.

Other products that contributed immensely to Nigeria’s exports include “Vehicles, aircraft and
parts thereof; vessels etc.” and “Products of the Chemical and allied industries” whose values stood at 357.7 billion or

2.1 per cent and 315.6 billion or 1.8 per cent respectively, of the total exports of Nigeria for the year.

Total imports, on the other hand increased slightly by 215.6 billion, which amounted to only a 3.0 per cent rise during the year.

Total value of Nigeria’s external merchandise trade at the end of 2014 Nigeria’s external trade stood at 24.4 trillion. This was 3.27 trillion or 14.9 per cent greater than the value recorded in 2013.

The data also showed that exports by continent showed that Nigeria mainly exported goods to Europe and Asia, which accounted for 7.4 trillion or 43.2 per cent and 4.9 trillion or 28.9 per cent respectively, of the total export value for 2014. Furthermore, Nigeria exported goods valued at 2.03 trillion or 11.8 per cent to the continent of Africa while export to the ECOWAS region total led 842.8 billion.

Source:http://nairausd..com/2015/03/nigerian-export-trade-up-208-to-reach.html

Exchange Rate for Dollar-Naira, FRIDAY 13th March 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N224.20

PARALLEL RATE $1 N225.20



Location Matters For BDC Market & Parallel Market.

Source:http://nairausd..com/2015/03/exchange-rate-for-dollar-naira-friday.html

Exchange Rate for Dollar-Naira, TUESDAY 10th March 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.00

BDC $1 N224.50

PARALLEL RATE $1 N225.00


Location Matters For BDC Market & Parallel Market.

Some PARALLEL Marketers sold $1=N225 to N226 today at some part of the market because of scarcity of Dollar.

This is not a matter Naira depreciation or National issue.

If you don't understand what i wrote,you can comment in which i will reply back and this will help others to know. Thanks

Source:http://nairausd..com/2015/03/exchange-rate-for-dollar-naira-tuesday.html

mekaboy:
Buy gold
Buy land

If were a girl, I would have blue tooth french kiss to you.

But u be bobo na! abeg chop knokkle there.

Anyway nice suggestion

ozoigbondu:
Can't i just bury the money

No probs sir.

princeuk21:
What is BDC? Is it behind the counter?
What is PARALLEL RATE?
Thanks

BDC =Bureau De Exchange operator

While PARALLEL=Black marketer operator.

The Naira has always experienced a free fall against the dollar anytime there is a major economic challenge around the world. It’s almost unthinkable that a dollar now goes for over N200. The reason is not far-fetched; our economy is still largely dependent on oil. The story may not get better in the nearing future as crude oil reserve is being depleted and according to energy experts, it may not be readily available in the next 50 years.
[​IMG]

While the government is trying its best to mitigate the effects of the oil price crash at the macro level, individuals also need to do same at the micro level. At your own level of personal finance, you need to protect the value of your own Naira. Here is insight about five things you can do to boost the value of your own Naira.

1. Online Business

The idea of setting up an online business may still look like a mystery to many people, but there is rarely a business that can survive now without having anything to do with the internet. This is the era of globalization of businesses and Nigerian individuals and companies should not be afraid to step into the tide. Information marketing and other form of services can be rendered online while charging in USD. Travel services, shipping, online coaching and mentoring, blogging, Google Adsense, affiliate marketing, etc. have been fetching many Nigerians hard currencies legitimately.

2. Take Your Skills Online With Freelancing

Can you write, translate, design, draw, handle telephone/email conversation, plan, be a PA or handle customer services, etc.? There are several opportunities around the world that are ready to pay you in dollars for your time and skills. Enroll in one of the freelancer groups online e.g. oDesk, Elance, guru.com, freelancers.com etc. If you do anything that can be transferred digitally then you can make some meaningful cash online in dollars. The bottom line is that you can export your skills online in exchange for dollars through freelancing.

3. Export Some Commodities On Demand

Nigeria still has some exportable products such as cocoa, cashew nut, yam flour, Shea butter, honey, herbs, charcoal, palm oil, iron ore/metals, precious stones, aluminium, fertilizer/urea, petrochemicals and methanol. All you just need to do is to find the producers of these commodities and find a market for it abroad. It won’t be that easy, but the reward will surely worth it.

4. Invest In External Stocks

Some stock markets abroad are more predictable and reliable than the Nigerian stock market. Investing in such markets would at least save your money from depreciating any time the naira falls against the dollar and the profits accrued to such stocks would mean more in Naira. Some of the foreign markets include NYSE, NASDAQ, FTSE etc.


5. Save More Money In A Domiciliary Account

Converting and saving your Naira into dollars can also help in protecting the value of your own Naira. Anytime you have some big cash you’re not likely going to be spending soon, you can convert it to USD and save in a domiciliary account. Opening a domiciliary account in any of the Nigerian banks is pretty simple. Once you have the requirements for opening a current account, having a domiciliary account will not be difficult. You will have more Naira to spend in the case of a Naira fall when you convert your dollars back to Naira.

Source:http://nairausd..com/2015/03/5-ways-to-protect-value-of-your-naira.html

Exchange Rate for Dollar-Naira, MONDAY 9th March 2015

CBN $1 N197

OFFICIAL RATE $1 N198.95

BDC $1 N223.50

PARALLEL RATE $1 N224.00

Location Matters For BDC Market & Parallel Market



Some PARALLEL Marketers sold $1=N225 to N226 today at some part of the market because of scarcity of Dollar.


This is not a matter of Naira depreciation or National issue.


If you don't understand what i wrote,you can comment in which i will reply back and this will help others to know. Thanks

ROSSIKE:
Which will then make shale production once again profitable.. it's a revolving cycle.

Almost everything for this life is revolving sir.

JustCalMeDBoss:
It is of a wide opinion that its the saudis that were beind the plummeting of oil prices, so as to hurt US shale oil production.

We never can tell, let us just watch as the drama unfold.

Exchange Rate for Dollar-Naira, SATURDAY 7th March 2015

CBN $1 N197

OFFICIAL RATE $1 N198.95

BDC $1 N224.5

PARALLEL RATE $1 N225



Location Matters For BDC Market & Parallel Market.

Despite Naira appreciation.

The BDC and PARALLEL Market have not change is because they want to recover their money back.

If you don't understand what i wrote,you can comment in which i will reply back and this will help others to know. Thanks

Source:http://nairausd..com/2015/03/exchange-rate-for-dollar-naira-saturday.htm

Charpell:
It's still the same money been circulated in the country

If it the same circulating around the country,wen the tin go con reach me.chai chai chai moni abeg stop dis your yanga for me.

You know what i mean.

Brandnew2:
#FACT

Our entertainment industry is really growing.

Executive chairman of Petrolog Limited, Dr Vincent Ebuh has urged Members of the National Assembly have been advised to ensure speedy passage of the Petroleum Industry Bill (PIB) before the end of this present assembly.
Image result for petroleumindustrybill
He made the call at the unveiling of the company’s new Diving Support Vessel (DSV) Vinnice, in Lagos recently. Ebuh said:

“It is in the account of the huge success achieved by the local content policy that I call on the National Assembly to pass the PIB into law without further delay.

The quantum INVESTMENT, indeed the overall benefit of that legislation to the sector and indeed the country is innumerable.” On his part, the executive secretary of the Nigerian Content Development Monitoring Board (NCDMB), Mr. Earnest Nwankpa noted that due to the local content policy, there was no part of the Nigerian oil and gas industry that Nigerian entrepreneurs are not seen.

He added: “From the day the local content act was signed, it made us know that no part in the oil and gas sector is beyond us. As seen today from those measures, big things have happened.

” Speaking at the unveiling of the vessel, the Group Managing Director/Chief Executive Officer of FirstBank, Mr. Bisi Onasanya expressed the bank’s delight in being a part of milestone by supporting indigenous participation and local content in the oil and gas sector.

“This is to further reaffirmation in FirstBank’s commitment to support the real sector development in Nigeria in addition to providing support for local content policies of the federal government demonstrates our commitment to increase the capability of corporate customers as we continue to put them first in the heart of our business.

Source:http://nairausd..com/2015/03/pass-pib-bill-fg-urged.html

It will be updated 4pm to 6pm daily.

Be inform

Exchange Rate For Dollar-Naira On FRIDAY 6th March 2015


CBN $1 N197.00

OFFICIAL $1 N199.50

BDC $1 N223.50

PARALLEL $1 N224.00






Location of BDC AND PARALLEL Is Different In Area

Yungwizzzy:
He is a big fo ol for saying that, when I bought fuel for 120 this morning, no electricity how will I do business in such situation?
sorry, he might be right any way. things are good for those close to aso rock
#Change is coming

Guy don't say that. Remember one man food is another man poison. If you are not benefibenefiting anything from this administration try put yourself in.

Nigeria’s comedy business is looming larger, acquiring a rising profile with a financial outlay valued at several billions of naira, according to players in the industry and analysts who have tried to value the sector.

Although the entertainment industry is overshadowed by the music and movie sectors, stakeholders say the business could be raking in N50B.

Source:http://nairausd..com/2015/03/nigerias-comedy-business-rakes-in-n50b.html

Is there we(NIGERIAN) are seeing this country that FOREIGNERS are seeing.
Please someone to tell me something.

Ecobank's Group Chief Executive Officer, Albert Essien

Ecobank's Group Chief Executive Officer, Albert Essien, has said that the current economic and CURRENCY headwinds in Nigeria had not affected his company immensely.
Image result for ecobank
He told CNBC Africa during an interview on Wednesday: “So far so good; Nigeria is our biggest operation. Even though oil and crude oil prices have had impact on our business, it has not encountered downside risks.”

“Things are good in Nigeria. We are resilient and absorbing whatever impact to date very well.”
Essien said investors needed to make long-term INVESTMENTS decisions as this was not an in and out thing.

Investors need to prepare properly so as to understand the local environment. Investors also need to have a focus as to what one wants to do,” he added.

“I think Africa offers great opportunities, the continent offer good returns even though there are challenges these challenges are surmountable.”

Essien added that the region was anticipating much investment from the Middle East especially through financing into infrastructure development and equity financing.

He said his group had covered much ground in attracting talent and diversifying the business in Nigeria, adding that the company was now big on transaction services.

Essien is expected to step down soon as his term comes to an end.

He said his group was expecting to announce his successor in June as his Ecobank was busy with interviews from both internal and external candidates having applied to succeed him.

Earlier in his remarks when giving a keynote address in Munich at the 4th Conference on Managing Risk in Africa, Essien said “Whatever risks are identified, they are best viewed holistically rather than in isolation. New market entrants will need to develop a clear risk appetite and weigh the opportunity against the cost of risk mitigation, which can be expensive,” Essien said.

He said the setting up of a risk review board would help ensure the right level and scope of ongoing risk monitoring

Against the backdrop of what he outlined as a generally positive outlook for Africa, he advised investors against viewing Africa as one, but rather 54 countries with different growth prospects, different infrastructure, TRADE agreements, tax regulations, culture and levels of technological development.

He also urged investors to be prepared to engage with African countries on a long-term basis and avoid abrupt changes in investment focus because of perceived instability in certain markets.

Essien encouraged managing risks associated with doing business in Africa, including fiscal and monetary policy issues such as foreign exchange restrictions, transparency and compliance, political instability and corruption and resource and infrastructure challenge.

Source:http://nairausd..com/2015/03/things-are-good-in-nigeria-ecobank.html

Charpell:
It seems the naira is now appreciating against Dollars

Yes of course. If you are following what is happening you will know that Naira depreciation to the Dollar is temporarily.

More good news after election.