Are we listening?
The confusion surrounding last week’s decision by the Central Bank of Nigeria’s (CBN) rate-setting committee (the Monetary Policy Committee — MPC) to harmonise the cash reserve requirement (CRR) for banks[…]
To look at the country today, it is hard to believe that parts of Nigeria once moved to a different rhythm. That whole communities once set their clock by the[…]
It is something of a paradox, but the current fuel scarcity and the myriad adverse externalities it is supporting present a unique chance to re-write the terms of our domestic[…]
With 541 federal ministries, departments, and agencies (MDAs) (as at end-December 2014), it is no surprise that the burden of governance has become disproportionately high in Nigeria. When over the[…]
“No one has the right to retain money that should come to the federation account. Constitutionally, it should come and then , if expenses are legitimate, they should be presented[…]
“Friends and countrymen; I beseech you by the mercies of God that ye do whatsoever it is within thine powers to prevent a frolic between the yam and the goat.[…]
The recent bobbery over DStv’s — a direct to home satellite television broadcaster — decision earlier this year to raise its subscription rates underscored how poorly the larger number of[…]
Last week, the Central Bank of Nigeria (CBN) once again underscored the limits of administrative intervention in support of prices in any market. In a circular to authorised dealers (presumably[…]
I don’t mean to flog a dead horse but I think there might be an economic lesson in the recent furore over the Oba of Lagos’ comments. In particular, I’d[…]
In the end, this dead cat did bounce. But not for the reasons being bruited about. Nothing about General Muhammed Buhari’s election victory altered the fundamentals of the economy. Oil[…]