Nigeria Currency Crisis [PICTURE]

0
Nigeria Currency Crisis [PICTURE]

As of 2015, Nigeria is the world’s 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa’s largest economy in 2014.[  Also, the debt-to-GDP ratio is only 11 percent, which is 8 percent below the 2012 ratio.  Nigeria is considered to be an emerging market by the World Bank;[ It has been identified as a regional power on the African continent, a middle power in international affairs  and has also been identified as an emerging global power. Nigeria is a member of the MINT group of countries, which are widely seen as the globe’s next “BRIC-like” economies. It is also listed among the “Next Eleven” economies set to become among the biggest in the world. Nigeria is a founding member of the Commonwealth of Nations, the African Union, OPEC, and the United Nations amongst other international organisations.

With that in mind see the pic below – simply shocking how bad the currency crisis is

 

ARK’s Cathie Wood At SALT New York 2021

Cathie WoodAt this year's SALT New York conference, Cathie Wood, founder, and CEO of ARK Investment Management LLC, spoke about her view on Bitcoin, the outlook for Tesla and Ark's investment process. Q2 2021 hedge fund letters, conferences and more The investment manager explained that the team at ARK has a five-year investment horizon, with a Read More

Via https://twitter.com/rosenthal_jon/status/707705897984901120

 

Updated on

Previous article No Boom Without A Bust
Next article GMO 4Q15 Performance Update
Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com

No posts to display