Pres. Jonathan’s Self-destruct button
The 2015 general election is barely 3 months away and President Jonathan has, as it stands, secured his party’s presidential nomination.
In my opinion, that’s the only visible thing he has achieved towards his re-election bid. If PDP hadn't offered him an ‘automatic’ ticket, he would have faced party primaries against other aspirants.
Naira devaluation: the domino effect
Hence, the CBN thought the best way to ease pressure on the Naira was to devalue the currency from the official fixed exchange rate of N155/US$ to N168/US$.
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