Opinion

Has Monetary Policy Reached the End of Its Tether In Nigeria?, By ‘Tope Fasua

We certainly need more activist, more dynamic monetary policy that thinks outside the box in order to get this economy GROWING. Growth should be our focus, in my view, not inflation. Matured economies should worry more about inflation. How can our GDP be growing at per cent and we are…
See More »
Columns

Making Nonsense of the Monetary Transmission Mechanism, By Uddin Ifeanyi

...despite the “neutral” tone of the communique from its last meeting, the CBN has tightened domestic monetary conditions since its policy committee since While the CBN may, thus, placate sections of the Nigerian public who describe these processes in nationalist terms, it is doing grave damage to the monetary policy…
See More »
[sc:"post loop ad"]
Columns

Senate: On Powers and Responsibilities of the Legislature, By Jibrin Ibrahim

I know that the Presidency also has a lot of My point today is to draw the attention of the Senate, but also the House of Representatives to the fact that if they really want to represent the people, they must do what would benefit the public, rather than themselves.…
See More »
Columns

On Today’s Meeting of the MPC; and the CBN’s Thought Processes, By Uddin Ifeanyi

Much of the public reaction to that document was taking up by attempts to parse Adedoyin Salami’s observation that the CBN may have turned “piggy-bank” for the federal government. Our laws don’t like this idea. Therefore, the Central Bank Act 2007 granted the central bank both goal and administrative independence…
See More »
Columns

Reforming Central Banking in Nigeria, By Uddin Ifeanyi

...this tension between the economy’s need for growth, and the monetary authority’s responsibility for holding prices down, points to a major central banking reform requirement. Without question, my vote is for central bank independence. This way, we ensure that monetary policy is not in hock to the fiscal Today, the…
See More »
Opinion

It’s About Time Nigeria Resolves Its Monetary Policy Conundrums, By Ayo Teriba

Soludo’s style of mopping up public deposits from banks with excess liquidity is indeed equivalent to a selective cash reserve requirement regime in which the hammer falls only on the banks that are likely to destabilise the system with excess liquidity. Some variants of that approach is needed to demolish…
See More »
Opinion

The Central Bank Governor’s Failing Score Card, By Femi Akinfolarin

...the CBN governor’s score card is one of failed monetary policy, racing inflation, massive fall in the value of the naira (which could have been staunched by now), collapse of the manufacturing sector and weakening of banks. His principal needs to understand and appreciate that this legacy is shared by…
See More »