The future of finance is actually on trial. We have eventually entered into a new era of money, where so many changes will be welcomed and others, like Crypto will fail. In Nigeria a new chasm of indescribable folly was opened since the last few weeks whereas huge sums of high denomination of Nigerian currencyies were dumped in obscure places and only remembered because of the Ccurrency Rredesign call by the apex bank. Ask any economist what such an asset would be doing in the dark alley of dilapidating structures?, Bbut you will not get an answer. Someone called it mildt-insanity. Another said it is another level of dementia. But the perpetrators know better, whilebut the Central Bank of Nigeria (CBN) knows best: that’s why it flew in a trump card that never offered them a chance to think. As if Emefiele, Governor of CBN, and his team have not done enough, they followed up with withdrawal policy that has become nightmares of some sought. Now you have your money but you will notont have the chance to play around with cash because you have beaten the apex bank once and they have become shy. Reason: now the redesigned currency would be in, someone may want to empty the system and keep N3.7 trillion in containers over the creek and Nigerians will now perish. Our Friend and a global economic adjunct, Dr.R Yusuf Musa Baba, DG of West African Institute of Financial and Economic Management (WAIFEM), refers to the development by CBN as “a very good case.” The Demas has spoken. In our usually rhapsody of economic reportage, we have content that explains the CBN Trump card , a huge interview by Dr. Musa and a global research content by our in-house ‘Pprofessor’, Chris Ubah, on what we referred to as the impact of global currency redesign across the globe. We go deep and beyond because we want to give you something you will always return to in years to come, that is why we are no other than MONEYReport….. You may want to look into the various plans of action of many of the presidential candidates from where your leader will emerge and interrogate the content. We, at MONEYReport are worried that what we have can be seen as Capitalist Manifesto because the contents do not make a promise to improve on those provisions that do not contribute to our development. Why won’t any of the candidates tell us that he will fight to see that the IMMUNITY CLAUSE that has given very wild powers to political leaders or that the Humongous Security Votes must be quashed or amended? Go into INSIDEBROADSTREET to “verify.” But then, NNPC LIMITED is trending in our economic intelligence reportage. It is not over with that behemoth until the Nigeria economy which it has sent to its untimely grave returns. We will make it a point of duty every edition to keep a gist for you from NNPC LIMITED because it broke the heart of many Nigerians.
