CBN
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Naira exchange rate
Monetary policy — what is to be done?
If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the…
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Nigeria
Naira-Dollar Exchange Rate: Has the CBN Ambushed Speculators?
The naira, Nigeria’s currency, has been under severe pressure in recent months, and the Central Bank of Nigeria (CBN), the…
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People & Money
Of Bans, Foreign Exchange Earnings, and a Strong Naira
Today, confronting evidence of the cackhandedness of our management of our foreign exchange resources until very recently, the question turns…
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People & Money
Foreign currency shortages are cutting Nigerians off from Apple Music, AliExpress, and more
In July 2021, Lagos-based software engineer Sodiq Lawal was working on a project for a fintech startup when the Central…
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People & Money
Beyond AbokiFX: CBN Should Stop Subsidising Imports
What should we do about all of this? As I have said before, and say again, we have two options.…
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People & Money
CBN Conversion of Domiciliary Accounts Could Lift FX Reserves by 43%
The Central Bank of Nigeria (CBN) via the Director, Corporate Communications, Mr. Osita Nwanisobi, disclosed in a statement that it…
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People & Money
Any lessons from CBN’s surreptitious devaluation of the naira?
With the naira’s exchange rate plumbing new depths and the balance on the gross external reserves scraping the bottom of…
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People & Money
CBN’s Poodle Or Bankers’ Committee?
CBN “Essentially, when Emefiele says “jump,” his former banker colleagues sitting on the committee simply reply “How high?” In late…
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People & Money
First Bank: Otudeko Eats His Cake, Emefiele Keeps His
“The sacking of the First Bank of Nigeria board seems marked with an exercise of arbitrary powers by the CBN…
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People & Money
Nigeria’s inflation problem and the ‘Gbatueyos’ at the CBN
“There is also the argument that watching the exchange rate matters because we are import-dependent. That is obviously untrue as…
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