The National Effects of Exchange Rate Changes on Foreign Debt Service in Nigeria

The National Effects of Exchange Rate Changes on Foreign Debt Service in Nigeria

EVOLUTION OF NIGERIAN’S EXCHANGE RATE POLICY   

Exchange rate policy because necessary when it was discovered that it is a very significant instrument for the Management of macro-economic problems in Nigeria. Frequently, it has been applied in the past to pressure the value of the Naira, maintain a comfortable external reserve position and ensure prices stability and above all determined the price of one currency to another. [Read more…]

Foreign Debt Management in Nigeria : The Impact on the Economy

Foreign Debt Management in Nigeria : The Impact on the Economy

Foreign Debt Management in Nigeria – Debt crisis is a serious problem facing the third world countries today, Nigeria being one of them. This problem could be traced from the era of colonization and as a result of incorporation of Nigeria into the third world capitalist system. This problem experienced by these economics has created doubt as to whether development is indeed possible in these nations. [Read more…]