Naira under par

 (
One currency for Africa is one of the easier ways out of poverty for the large continent.
The other way out of poverty is energy, especially nuclear energy.

Three currencies for the large nation will encourage competition for the member nation and will ease the boundary laws which are obstacles for the African Union.

Nigeria Naira is selling way under par and will not make it even if CBN clear every excess Naira in the market. The real time market rate of the Naira is about N250 to a dollar. With $2billion monthly cover for Nigerian market, the Naira should claw between N201 and N191 by end of May, 2019.

We are still N361 for every dollar and higher rate for the pounds whereas the rate is up from Q1'19 and trade way ahead of market rate.

Move the Naira to N201 for May 20, N191 for May 30th, 2019, try a government expansion with note on service jobs and minor on defense contract. This will enable Naira consumption necessary to hold the rate at N201. It will arm JID with enough pay rate for working Nigerians and those with permanent money.

CBN cannot remove the current rate at N361 given the priced-in expectation that the Naira will shed against foreign capacitor. If the General can use the argument that Naira is ahead of the curve, he will use the rate at N201 until May 2019.

(S.O

A general business outlook

(Buruabainsa

 The advantage of U.S market is how easy it is to earn your way through a given career or investment. The U.S market is cheap to the point that those making it to the shores, especially Africans, may not really appreciate the size of the market given the resources available to them.

If we use the African American Banks for instance, you can argue that the operating capital of these banks is within a disk-band and net worth is about a 4 disk-band (8 billion) and less. A regular U.S Bank is worth all the black businesses. For Africans, the operating capital is negligible and the large nation can not truly rely on Africans abroad.

The only way to encourage better business with these communities is to encourage U.S-Nigeria, U.S-Africa trade. The other way is to place consumption over 10 billion for West Africa every month, and for Nigeria at least 2 billion every month. It is more like 4 billion with a 200 billion cap. This number will force the exchange rate to fall to 201 to 1 dollar. You can enforce the rate at 191 at the end of the month and we can place 4 biscuit on any price industry in Nigeria.

I understand that the current for Nigeria is 361. That's not the rate. With CBN you cannot only plunge further with Banks placing bets on the collapse of the local currency. A Federal Reserve System for Nigeria off from Sudan may not be the best but may alternate the role of Central Bank and may allow 'Black Market' to trade against the country and the rest of us trade against the Banks.

(Sampson I. Onwuka

 

Transformers (SONU

The 820 new energy transformers are ready. These are big transformers. The 800 plus LGA chair need to corporate with the team and complete the models for housing the transformers. The plots were cleared for the LGA, the Governors can distribute their share of transformers but the team need special knowledge to deliver them.  The Port System can not handle the transformers....

(Sampson I. Onwuka

The deal

It's too early to build any new relationship. It happened and I wouldn't it comes partly to you.