Opinion

What Will Nigeria Look Like In Buhari’s Second Coming?, By ‘Fisayo Soyombo

By 2023, would Buhari have weaned Nigeria off its over-reliance on oil? Probably not. This is because the president neither has the right answers, nor the right people to do so. The latter is evidenced, for instance, by the calibre of people running the central bank, who were exposed two…
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Columns

Payment Service Banks: How Will Nigerian Banks Respond To Telcos?, By Rafiq Raji

“The target customer segment, the base of the pyramid segment, of the Agent Banking and USSD Banking offerings is largely the same as the Payment Service Banks’ target customers. As such, most banks will accelerate the rollout of their Agent Banking and USSD Banking offerings, and position to gain competitive…
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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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Columns

Rising Inequalities, Monetary Policy, and Social Cohesion, By Uddin Ifeanyi

...as a friend argued recently, “as income inequality rises, then, the challenges around social cohesion rise”. Across vast swathes of the country, this ugly dynamic is playing out at great cost in lost lives, property, and income-earning opportunities. That the central bank may be adding faggot to this fire ought…
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Opinion

Atiku’s Allegations and Issues of Transparency In Corporate Acquisitions, By Ken Tadaferua

President Buhari and family have been loudly silent. Not even a word from them. But the Presidency and hardcore Buhari supporters have risen vigorously, like a swarm of angry bees, to the president’s defence, more with emotional flusters, counter-allegations of corruption, labels and abuses of Atiku, than the offering of…
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Opinion

Puncturing the Deception: There Are No 12 Million Rice Farmers In Nigeria!, By ‘Tope Fasua

...this government is also coming up with a grander lie. From the time that Jonathan’s government managed to find 10 million landholding farmers from the population of Nigeria’s mostly 70 million working males, the Buhari government has done the unthinkable, the incredible - it found 12 million RICE FARMERS alone,…
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Columns

Banks In West Africa: Struggling Amid Tighter Regulatory Grip, By Rafiq Raji

To push them along, the CBN announced a number of stimulus measures in August. It offered to release some of the funds kept by banks with it as reserves for lending to agricultural and manufacturing firms at the single-digit rate of 9 per cent. Additionally, it offered to buy long-tenured…
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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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