Making Sense of Our New Policy Direction
The central bank’s (CBN) rate-setting committee, the Monetary Policy Committee (MPC), ended its November meeting (last week) with arguably the boldest steps it has taken of late. While the decision[…]
Category: Economy
CBN and The Nigerian Economy: A Short Story – Feyi Fawehinmi
If you have an M.Sc in Finance or a degree in economics, you can skip this piece. The point of it is to try to explain what the CBN did[…]
Parking the Bus for the Naira
Over the last couple of weeks, as the price for Bonny Light (Nigeria’s benchmark crude) touched new depths on the global markets, and our export earnings dropped, conversation has fixated[…]
Ebola, Output Growth, and Football
This week, The Economist features an article on the debilitating toll of the Ebola viral disease (EVD) on sub-Saharan Africa. Until now, much of the concern generated by the viral[…]
As the Economy Prepares for the Winter Season
“All is well!”, they shout. But the place smolders still. Our Emperor? In the end, not even Nero Claudius Caesar Augustus Germanicus mattered any more after the “Great Fire” destroyed[…]
Our Emperor’s New Clothes
July 16 2014, crude oil (Brent blend) traded at circa US$115 per barrel (pb) on the global spot markets. October 16 2014, it was trading at circa US85pb. In 3[…]
Man of System – Feyi Fawehinmi
Been a while Aganga was bashed on by this blogger. Thankfully he has supplied fresh material. Going through the papers today, this caught my eye: Concerned by the low level export[…]
Something Ventured – Feyi Fawehinmi
What makes America so great? There has to be more than one answer to this…assuming it’s even possible to answer the question. Earlier this year I was in Las Vegas[…]
Chinese gold merchants and our environment – Salisu Suleiman
The Peoples Republic of China may still be officially a communist state, but the antics of Chinese nationals and companies, especially in Africa are reminiscent of the European buccaneers that[…]
Horns and Lagos’ Traffic
One of the more interesting dimensions to the management of the Ebola Viral Disease is the recourse by the medical profession to symptomatic treatment. Besides quarantining victims, hospitals, at present,[…]