CBN
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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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People & Money
CBN Retains Benchmark Lending Rate Despite Inflation Pressure
Although Nigeria’s inflation rate rose to 17.33 percent in February 2021 from 16.47 percent the previous month, the Central Bank…
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People & Money
Why the CBN’s Latest Initiative Is A Mark Of Undistilled Genius
The CBN’s “Buy 1 Get 5 free” promo comes into its own. Over the last two decades, we have seen…
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People & Money
The Naira in 2021: Gap between CBN & Parallel Market Rates to Stay
The exchange rate or the external value of the naira is the most important price in the Nigerian economy. Hence,…
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People & Money
Nigerian Markets Last Week: Brent Nears $60, CBN Tightens Noose on Crypto
The Nigerian Markets report for the week ended February 5, 2021. It captures indexes that gauge performance across a number…
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