Life drops from my kitchen tap
My kitchen tap is perhaps the most used tap in the entire house. Hence, when I noticed it did not completely stop running after I turned it off, I was not bothered. What can a few inconsistent drops of water really do in the scheme of things? Until a few days later when the water […]
CBN’s Volte-face narrows FX markets premium
In our H1 17 Strategy Report, we noted that the CBN could maintain its hard peg on the naira at N305/$ as higher oil receipts and proceeds from FG’s planned external borrowings bolster FX reserves. Unsurprisingly, following a strong rise in the nation’s reserves (+17.1% over H1 17 to $30.3 billion), the CBN raised its […]
