Beauty Queen “Beauty Tukura” indeed looks good in just about anything. But when it comes to posing for a photoshoot, the reality star proves time and again that you can be comfortable, fun, or even tell a beautiful story without uttering words.

See more photos below

 

View this post on Instagram

 

A post shared by 𝐁𝐄𝐀𝐔𝐓𝐘 𝐄𝐓𝐒𝐀N𝐘𝐈 𝐓𝐔𝐊𝐔𝐑𝐀 (@beautytukura)

Address the forex backlog to strengthen naira confidence, advises Lemo to the CBN

Date:

A former Deputy Governor of the Central Bank of Nigeria, Dr. Tunde Lemo, has cautioned against allowing the Nigerian naira to float freely.

He expressed this viewpoint during an online discussion at the Boiling Point Arena, addressing the issue of a persistently unstable macro-economic environment. Lemo emphasized that the naira should not be subjected to a free float, citing the scarcity of currencies worldwide that follow such a system.

He pointed out that, except for internationally convertible currencies like the dollar, euro, and perhaps the Japanese yen, even the Chinese yuan is managed rather than freely floating.

Lemo argued that advocating for the naira’s free float in the absence of sufficient reserves and with trade and balance of payment deficits would be a reckless move, akin to economic suicide.

He stressed that the Central Bank must prioritize clearing the backlog in the foreign exchange market to rebuild confidence and bolster the value of the naira.

Furthermore, Lemo emphasized the need for the new leadership at the central bank to instill confidence in the currency market. He pointed out that issuing circulars and implementing various bans without providing clarity on market dynamics can lead to irrational behavior among market participants.

Restoring lost confidence becomes challenging once it erodes, and there are existing commitments, such as approximately $6.8 billion in unmet swap deals, forward deals, and airline commitments, that need to be addressed to reestablish trust in the market.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Muyiwa Ademola’s Ori Rebirth: A Masterclass in Yoruba Philosophy and Storytelling

In a rare blend of nostalgia and fresh perspective,...

The Business of Dreams: Do Nollywood Producers Really Make Their Money Back?

The nollywood film industry is world’s second largest film...

Makemation by Toyosi Akerele-Ogunsiji: Certified Must-Watch by Ranks Africa

Ranks Africa proudly certifies Makemation, the groundbreaking AI-themed feature...

Davido Elevates African Music Globally With His Album, 5IVE.

Afrobeats icon Davido continues to elevate African music on...