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BusinessRe: Naira by peterdakwal(op): 12:15am On Apr 06, 2017
cheesy
BusinessNaira by peterdakwal(op): 12:14am On Apr 06, 2017
Business Naira is Overvalued- IMF
Discussion in 'Business News' started by Lequte,
Today at 7:03 PM. Views count: 2397
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Tags: naira news naira overvalued imf nigeria news
The International Monetary Fund, IMF, on Wednesday stated that the Nigerian Naira is overvalued.
Gene Leon, IMF mission chief for Nigeria, said this according to a report from Reuters.
According to Mr. Leon, the naira overvaluation is “somewhere to the tune of 10 to 20 per cent.”
This means the naira should exchange for more than the amount it is being exchanged for at the moment. The currency on Wednesday exchanged for 398 per dollar at the parallel market.
Mr. Leon also added that FG's 2017 projections for non-oil revenues are more optimistic than the IMF’s, and that the Muhammadu Buhari government needs to increase tax levels to diversify its income.
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christin
InvestmentRe: . GOODNEWS by peterdakwal(op): 11:23pm On Apr 05, 2017
cry
Investment. GOODNEWS by peterdakwal(op): 11:22pm On Apr 05, 2017
GOODNEWS: Crude Oil Rises, Places President Buhari's 2017 Budget In Good Position - http://ow.ly/iwgf30aAjfx
GOODNEWS: Crude Oil Rises, Places President Buhari's 2017 Budget In Good...
nigerianbulletin.com
CelebritiesRe: BBNaija: Olamide Shows Support For Efe by peterdakwal(m): 7:50pm On Apr 04, 2017
EFE all the way
RomanceRe: Nigerian Man Who Threatened His Ex-girlfriend With Her Nude,claims He Was Hacked by peterdakwal(m): 7:33pm On Mar 27, 2017
Sorry ko

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