The Central Bank of Nigeria has directed all Bureaux De Change operators in Nigeria to reapply for new licences as
If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the
The naira, Nigeria’s currency, has been under severe pressure in recent months, and the Central Bank of Nigeria (CBN), the
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
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