Category: Foreign Exchange
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Naira Devaluation and the Exchange Rate Mechanism
Many Nigerians view the exchange rate of a country’s currency as a gauge of economic prosperity… That said, the number itself does not tell us much and it is more beneficial to have a working understanding of the underlying mechanisms that influence it.
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5x in Two Weeks: The Reality of Forex Trading
As a sceptic of forex trading as it is portrayed in popular culture, I recently sat in on a discussion about the practice that really opened my eyes not to a glamorous reality but to the lies and half truths routinely pitched to the target audience.