You wonder what correlation there is between foreign exchange (forex) and Hezbollah rockets? …I’ll tell you a tale. A few days ago, I was in a business discussion with the Trade Manager of a manufacturing Company in Ikeja, Lagos. A fine Gentleman from Myanmar, given to dramatics, Jack would usually ...

After several months of grappling with the dwindling fortunes of the naira, the Central Bank of Nigeria (CBN) finally liberalised the foreign exchange (FX) market by the re-introduction of the flexible exchange rate inter-bank market. The move, which the CBN Governor stressed, is in line with the bank’s objectives of; ...