the Nigerian Central Bank Governor was recently quoted as saying that the impact of the global financial crisis on the Nigerian economy was likely to be limited due to the fact that the economy's fundamentals remain strong.
Bros which one you dey. It was the same assurance (in bold) that Bush and his gangs gave americans some weeks ago, until the bubble bursted big time. You know know say we sabi follow follow.
But my banking guru brothers would have showed americans real class if the issue is how to assist crooked politicians and thieving civil (evil) servants plunder public treasuries.
Our "financial gurus" are presently in a confused state. They dont know which of the actions taken by the West so far in response to the financial crisis to copy. Infact the spokesman of SEC said recently that there is no crisis in Nigerian Stock Market even though you can hardly get a buyer for 5,000 units of Zenith Bank shares (in order words, liquidity has dried up in the market. If you have investment in Nigerian stock market today and you need to sell the stocks immediately to meet an urgent need, you are going to be rudely disappointed because buyers have disappeared from the market).