Are Nigerian Banks Round-Tripping Forex In Broad Daylight?
Here’s the background to this story. Sometime last year when the naira started to come under pressure, the bankers and the Central Bank of Nigeria (CBN) sat down in the[…]
Author: Feyi Fawehinmi
Alhaji Putin’s Republic
For a couple of years now, I have been the Chairman and sole member of the Alhaji Putin Haters Club (APHC). I am now tired. When you are unable to[…]
Nigerian Cashew Farmers Are Going Nuts – Feyi Fawehinmi
If nothing else, most Nigerians agree that Nigeria needs to diversify its economy. The problem is that no one ever really explains, in practical terms, what this diversification will look[…]
Mr. President, Make Us A Market – Feyi Fawehinmi
Mr. President, during your media chat yesterday, you said you need to be convinced on devaluation. I don’t think I can convince you on that as there simply is no[…]
DJ Khaled Reveals The Major 🔑🔑🔑 To Success For Nigeria
The kids on Snapchat have been talking about a chap called DJ Khaled a lot lately. [Note that I do not know what Snapchat is or what they do there].[…]
Nigeria’s Rice Policy: That Glorious Piece of Paper – Feyi Fawehinmi
A lot of the economic problems facing Nigeria can be traced to a way of thinking. This thinking believes that markets can never be a good thing if left to[…]
What’s Better Than A National Carrier? – Feyi Fawehinmi
Last week, Boeing unveiled its upgraded 737 plane called the 737 Max. The 737 itself has been Boeing’s best-selling plane with about 13,000 sold since it was launched in around[…]
“A Foolish Consistency is The Hobgoblin of Small Minds” —Nigeria and Its Exchange Rate(s) – Feyi Fawehinmi
Starting in 1986, the Nigerian Naira’s relationship with the dollar (and other foreign currencies) has been erratic, (un)predictable, violent and full of heartbreak and tears. The built in dysfunction has[…]
Go Big Or Go Home? Go Home, Please – Feyi Fawehinmi
Ever since President Buhari let it be known that he likes the idea of a national carrier, a week has not gone by without one former pilot or aviation expert[…]
Cash And Carry Industrial Policy – Feyi Fawehinmi
Devaluation is de rigeur these days. Everyone from the President down to the man on the street has strong opinions about whether or not Nigeria should devalue its currency in[…]