The Thread: Help, economic terrorists are killing the naira

Investment analyst, Manasseh Egedegbe, who tweets @knightofdelta is worried about where Nigeria’s economy is going. We all should be: the naira is currently trading at 445 to the dollar at the parallel market. Could there be a correlation between the end of Niger Delta Avengers ceasefire with the Nigerian government and the further plunge in our naira value? Manasseh seems to think so.

Do see below:

This whole situation is really unfortunate. As The Guardian reports it, “Nigerian oil production has sunk from 2.1 million barrels a day in the first quarter to 1.7 million barrels in the face of repeated militant attacks”. So yeah, there’s a correlation, alright. If things are like this at this time of the year, what will December look like?
PMB, please do something.

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