Newsletter
Ujunwa Igwenagu
Newsletter
FX Volatility And How It Impacts Savings And Investment.
Adewale was saving to buy a new laptop worth ₦250,000 around December 2023. It was not in stock, so I added an extra ₦50,000 to cover potential fluctuations in the naira to the dollar exchange rate, especially since the Central Bank of Nigeria (CBN) allowed the naira to float after the new government took office. As the Naira-to-dollar exchange rate continued to drop, by May 5th, the laptop's price had risen to ₦400,000, and my savings were inadequate.
Marketing
Newsletter
Black Wednesday: The Lessons For CBN
Today, we will explore an event from 1992, that provides great insight for policy makers in Nigeria. Let's get ready to dive in. Black Wednesday refers to September 22 1992, when a collapse in the pound sterling forced the UK to withdraw from the European Exchange Rate Mechanism(ERM) because it could not prevent the pound from falling below the lower limit specified by the ERM.
Marketing
Newsletter
Surviving the Naira Storm: PariVest - Your Beacon of Hope in Turbulent Times
Are you grappling with the effects of the falling Naira and seeking a reliable solution to protect your wealth?
Marketing
Newsletter
SVB Failure and the Risk of Contagion
Last week, there was upheaval in the US banking sector when Silicon Valley Bank (SVB), a US-based bank whose primary customers were cash-burning start-ups with millions of dollars raised from the venture capital community, collapsed, leaving depositors anxious about the safety of their deposits.