Good policy matters a lot in development of any country. Good policy makes all the difference in transforming a country from developing to developed country without the government spending enormous resources to make it happen. Adam Smith in his Wealth of Nation book written in 1776 argued that the result of everyone pursuing their own …
Tag Archive: CBN
Central Bank of Nigeria and Foreign Exchange
Central bank of Nigeria (CBN) has been struggling to stabilize Naira against major foreign currencies, especially dollar, Euro and British pound since Naira was floated. So far, Central bank’s effort has not yielded desired result. The CBN goal is to stabilize Naira to where it will trade at 300 or below to one dollar. The …