As a nation, it’s alarming to note that Nigeria still imports frivolities such as toothpicks, eggs, red oil, plantain, spoons, clothes and even premium motor spirit (fuel). It’ll be difficult to have a strong currency when we take so much and offer so little. See Dollar for Naira 3...
The study concludes that trade policy in Nigeria is not in favourable direction of official exchange rate in Nigeria. Also, positive changes in oil price and current account balances are strong determinants of the Nigerian official exchange rate of naira to dollar in the long run. Therefore, it...
The foreign exchange market in Nigeria has always been much in contention as to its inefficiency and consequent impact on various sectors of the economy. This study therefore assessed the efficiency of the foreign exchange market in Nigeria, and by extension, test whether the past exchange rate af...
Define Current Delivery. Current Delivery synonyms, Current Delivery pronunciation, Current Delivery translation, English dictionary definition of Current Delivery. adj. Located a short distance away; close at hand. adv. Not far away: She lives downtown
in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor...
(e.g., net foreign assets, real effective exchange rate, real GDP growth and trade openness), which better captures the determinants of global current account imbalances. Second, employ the difference and system GMM estimation in a strongly balanced panel framework of 106 sample countries (among ...
(and member states), Hong Kong, Iceland, Israel, Japan, Kazakhstan, Republic of Korea, Liechtenstein, Mauritius, Mexico, Republic of Moldova, Montenegro, New Zealand, Nigeria, North Macedonia, Norway, Paraguay, Peru, Philippines, Russian Federation, Kingdom of Saudi Arabia, Singapore, Switzerland,...
Achievements during 2014-19 as per the Union Budget 2019:1 trillion dollar added to Indian economy over last 5 years (compared to over 55 years taken to reach the first trillion dollar).India is now the 6th largest economy in the world, compared to 11th largest five years ago. Indian econ...
A well produced video (see end of post) from the FT on the oil industry in Nigeria and asking if it is the classical example of a resource curse. There is a brief outline on the content below. There have been two significant changes in the oil industry in Nigeria – refining and subsi...
Hi, I live in Nigeria but I would like to invest in lending club,did open the site and I wanted to register but there was some constraints like having to chose my state which i didn’t fall into an option there how would I go abt it thank you…your doing a great job here Reply ...