Thursday, 22 March 2018

HOT TOPIC COMMENT ON NIGERIAN NAIRA

The Nigerian Naira has remained resilient against the US Dollar, despite the Federal Reserve raising US interest rates overnight. The USDNGN is currently trading 360 as of writing.  

Investors were generally disappointed with the US interest rate rise from the Fed, and the Dollar index dropped in the aftermath. This was mostly because the US interest rate increase was already priced into market expectations a long time ago, however, confidence in the Dollar weakened when it was indicated that the Federal Reserve were not planning to raise US interest rates four times this year. A hint from Federal Reserve Chair Powell that four US interest rate increases were possible for 2018 was required to support Dollar buying momentum.

For as long as the Fed expectations are priced into the market, and investors were already largely expecting three US interest rate rises in 2018, there is no reason to be concerned over what impact a US interest rate rise will have on the Nigerian Naira.

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Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html