One of the ironies of the Nigerian economy remains the fact that at a time that it is expected to be reaping a ‘sustained windfall’ from high oil prices in the international market, the country has rather been experiencing...
“The World Ahead 2023” is the 2022 end-of-year special publication of ‘The Economist’ (of London) in which the journal reviewed the global economy in the outgoing year and made detailed projections about 2023, including what issues are most likely...
A letter from the Director of Banking Supervision (DBS), Central Bank of Nigeria (CBN), to banks and other financial institutions has once again brought the crucial issue of ethics and professionalism in the financial services industry to the front...
It is no longer news that the Central Bank of Nigeria (CBN) has embarked on the redesigning and re-issuance of the 200, 500 and 1,000 naira notes, a move it announced on October 26, 2022.
It is also no longer...
The outright disowning and public deprecation by the Minister of Finance, Budget and National Planning, Zainab Ahmed, of the recent innocuous policy of the Central Bank of Nigeria (CBN) regarding the redesigning and re-issue of some Naira notes, now...
The opening paragraph of the section on the ‘Economy’ of the manifesto of one of the presidential candidates (for Nigeria’s general election 2023) says: “The structural model upon which our national economy has always been based needs major reform....
In its continued efforts at supporting the improvement of business environment in Nigeria, the World Bank recently approved a US$750 million International Development Association (IDA) credit to prop Nigeria’s State Action on Business Enabling Reforms (SABER) Programme-for Results (PforR).
Nigerian...
September 25, (THEWILL) – The Federal Government, to the chagrin and perhaps, bewilderment of most Nigerians, recently inaugurated a ‘Presidential Committee on the National Economy’—just about 35 weeks to the end of the eight-year (two terms) tenure of the Administration.
Truly,...
Apparently unknown to the initiators and protagonists of the African Continental Free Trade Agreement (AfCFTA), one of the greatest threats to that fledgling economic initiative is the depth and dimensions or ramifications of entrenched xenophobia within the continent. This...
The Central Bank of Nigeria (CBN’s) widely publicised “release” of the sum of US$265 million, out of about half a billion US dollars trapped funds of foreign airlines in Nigeria, definitely raises many questions. The “release” of the fund...