Written by: Lukman Otunuga, FXTM Research Analyst
The Naira held
steady against the Dollar on the forward markets despite headline PMI figures
for February missing market expectations. Private sector growth in Africa’s
largest economy cooled last month as Stanbic IBTC Bank Nigeria PMI decreased to
53.3 from 54.00 in the previous month.
Although this
was the weakest expansion in the private sector since June 2017, the overall
market reaction suggests that investors are still focusing on the election
outcome and what it means for Nigeria’s economy. Although the Naira remains
heavily influenced by oil prices, the local currency could still find support
from optimism over US-China reaching a trade deal. The next major event risk
for the Nigerian economy will be the general elections scheduled on Saturday
9th of March 2019.
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
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