Columns

The CBN Drops Its Benchmark Rate By 50bps, And So What?, By Uddin Ifeanyi

...for an economy in the dire straits that ours is in, and in need of all the help it can get, opacity in its management is a borderline crime. Not just does it make planning by domestic entities impossible. It conceals the lack of competence of managers of the economy…
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Opinion

Engaging CBN’s Recent Monetary Policy Considerations, By Temitope Laniran

...it can be argued that maintaining an expensive naira by the MPC through till the elections, bearing in mind the usual increase in liquidity that often leads up to elections, was a quite reasonable decision, however with the current trends and turn of events in the post-election period, a reduction…
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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…
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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…
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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.…
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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…
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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…
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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…
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