Opinion

Mustapha Chike-Obi, and the Naira’s Journey To Zimbabwe, By ‘Tope Fasua

My advise is that we continue managing our currency, howbeit very subtly, with the CBN saying very little, while we stop our unnecessary ego-driven spending, and get on a programme whereby we can bring serious productivity to this The alternatives proposed Chike-Obi on naira management, may however see our kite…
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Editorial

EDITORIAL: Unearthing the Cogent Lessons In the NESG-CBN Economic Policy Imbroglio

The open disagreement between the Nigerian Economic Summit Group (NESG) and the Central Bank of Nigeria (CBN) about both the policy thrust and trajectory of the Nigerian economy has laid bare the conundrum in Nigeria’s economic policy management since the Buhari administration came to power in 2015. The goal of…
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Opinion

How Subsidising the Naira Blocks Nigeria’s Economic Take-Off, By Kingsley Moghalu

...the only way to reposition our economy is to shift it from an import-oriented one to one that is export-oriented. For as long as CBN continues to subsidise the value of the naira, this will not happen, because they are creating incentives for an import-orientation. The naira should be floated…
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Opinion

Re: Matters of Urgent Attention In the National Economy, By Central Bank of Nigeria

The false alarm raised by the Nigerian Economic Summit Group raises serious credibility questions on the actions of the group, as its comments, which have been circulated across the globe, significantly harmed the credibility of the governor and the CBN as an institution. The attention of the Central Bank of…
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Opinion

Matters of Urgent Attention In the National Economy, By Nigerian Economic Summit Group

The NESG has expressed severe concerns about certain provisions of the ‘repealed and re-enacted’ Bank and Other Financial Institutions Act The Bill contains certain provisions that breach the provisions of the Nigerian Constitution, confers immunity on CBN officials and exempts actions by the CBN from judicial review. These are draconian,…
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Opinion

Nigeria: Government and the Limits of Constitutional Democracy, By Justine John Dyikuk

It is crucial to reiterate that we are in a constitutional democracy. As such, those in position of authority must remember that power belongs to the people. Therefore, any attempt to circumvent public trust by making laws that are irritable to a section of the country portends a grave danger…
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Columns

Nigeria’s Worsening Finances, and the Untravelled Reform Path, By Uddin Ifeanyi

...the challenge before domestic economic performance, going forward, will about how we structure domestic incentives ― the obvious preference being for policies that are sector-neutral. And how we communicate these incentives ― preferably transparently, and via markets that function better than what we have at present. The numbers released, last…
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Opinion

COVID-19 and Sustainability Leadership In Nigeria’s Insurance Industry, By Bekeme Masade-Olowola 

People will remember how businesses treated them, not what services were thrown at them, not just during this crisis but for long afterwards. Insurance companies, as any other business, must ensure that they continue to forge friendships with stakeholders through such intentional interventions. It is Mark Goyder, renowned British author,…
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Columns

The Central Bank’s Benchmark Rate and the Rest of the Economy, By Uddin Ifeanyi

Despite the country’s large debt profile, the oil and gas sector remains a big driver of economic output. Until government demonstrates that it can more efficiently use domestic resources, ought we to continue policies that evacuate the citizens’ pockets in order to keep a profligate government supplied? The decision, last…
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