Columns

Naira, Between the CBN’s Dream and its Nightmare, By Uddin Ifeanyi

The CBN may look to its political space for cues, but its mandate is an economic one. If after freeing the naira from current policy impediments it loses value rapidly, that would be because the economy (and the policy responses of its managers) do not yet support a currency as…
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Columns

CBN Independence, A Recipe for Paralysis?, By Uddin Ifeanyi

There is, incidentally, the small question (asked of me, last week, by a friend) of “why an ‘independent’ central bank needs to convince anyone but itself”? To ask that the CBN convince its “stakeholders” (the whole economy, if you ask me) of the desirability of any policy change before it…
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Opinion

Dear President Buhari: Ways To Achieve Positive Change In a Tanking Economy, By Taiwo Adekinle

Dear Mr. President, Achieving Positive Change in Face of Dwindling Forex Revenue and Reserve: Pathways to Nigeria's Economic Recovery in the Medium to Long Term Aware that you were away on a six-day vacation, I decided to write this letter to coincide with your official resumption of duties, so it…
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Columns

Of Holes and Excavators, By Uddin Ifeanyi

How, to take another example, does one square the circle created by the central bank around the policy rate? Because of the CBN’s spirited efforts at boosting banking sector liquidity, especially through accelerating a decrease in banks’ cash reserve requirement, while moderating its open market operations, domestic rates have touched…
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Aribisala on Tuesday

Buhari’s 100 Days of Incompetence and Abject Failure, By Femi Aribisala

It is time to admit it. Electing Buhari as president was a big national blunder. After the 2015 election, I predicted on Twitter that when critical decisions are to be taken, Yemi Osinbajo, the token Southerner in Aso Rock, would be sent to go and buy “guguru and epa.” This…
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