Naira has fallen: The Lambs remain Silent
Manasseh Egedegbe


“When you add your N197.778 million from the trade to your N384 million and then go to the official market to buy dollars at N350/$, you still end up with $1.622 million.”

If I had gotten that in an email, I most certainly would have marked it as spam :-)

BTW, while I have no experience with Nigerian currency I saw a very similar situation develop on more than one occasion over the years in my native Brazil. Same sh!t different flies.


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