Today, confronting evidence of the cackhandedness of our management of our foreign exchange resources until very recently, the question turns
In July 2021, Lagos-based software engineer Sodiq Lawal was working on a project for a fintech startup when the Central
“Our interviews show that the CBN policy of rationing forex has pushed demand to the black market for foreign
What should we do about all of this? As I have said before, and say again, we have two options.
The Central Bank of Nigeria (CBN) via the Director, Corporate Communications, Mr. Osita Nwanisobi, disclosed in a statement that it
With the naira’s exchange rate plumbing new depths and the balance on the gross external reserves scraping the bottom of
CBN “Essentially, when Emefiele says “jump,” his former banker colleagues sitting on the committee simply reply “How high?” In late
“The sacking of the First Bank of Nigeria board seems marked with an exercise of arbitrary powers by the CBN
“There is also the argument that watching the exchange rate matters because we are import-dependent. That is obviously untrue as
Although Nigeria’s inflation rate rose to 17.33 percent in February 2021 from 16.47 percent the previous month, the Central Bank
The CBN’s “Buy 1 Get 5 free” promo comes into its own. Over the last two decades, we have seen
The exchange rate or the external value of the naira is the most important price in the Nigerian economy. Hence,
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