…when we speak of Naira rain, which one exactly? The one packaged as bailout to well-heeled elements in the private sector, the one trillion Naira...
There has been this unnecessary brouhaha surrounding the decision by the Central Bank of Nigeria, CBN, to stop selling cheap foreign exchange to importers of...
Where we fail as an economy, is in our response function to price signals ― sadly, this failure is currently exaggerated in two spheres of...
The Central Bank of Nigeria’s (CBN) decision, last week, to bar 41 local business lines from domestic foreign exchange markets violates two basic administrative principles....
At current levels of consumption, our foreign reserves barely support five months of imports. Nor have the fiat measures it has implemented thus far done...
I have always wondered why commercial banks give customers torn and mutilated notes in bundles, which are hardly ever complete. Now we can conclude that...
Although it may be argued that the rising non-performing loans (“NPLs”) in the sector can be because debtors deliberately refuse to honour their obligations, the...
Arguably, the biggest of the tasks facing the apex bank in the near-term is, in the MPC’s words, that of protecting “the reserve buffer to...
Midway through the tenure of Goodluck Jonathan’s Presidency, I wrote in an article that Dr. Ngozi Okonjo-Iweala, the Minister of Finance and Coordinating Minister of the...
As with global standards, the Financial Reporting Council of Nigeria (FRCN) was set up under the FRCN Act 6 of 2011 with a defined mandate....