Why I’m not celebrating the naira’s recovery
Everywhere I went last week, talk was all about how the naira was making a remarkable recovery. How doomsday prophets have been shamed. And, how, finally, the central bank appears[…]
Are we listening?
Everywhere I went last week, talk was all about how the naira was making a remarkable recovery. How doomsday prophets have been shamed. And, how, finally, the central bank appears[…]
The Central Bank of Nigeria’s (CBN) rate-setting body (the Monetary Policy Committee – MPC) meets today and tomorrow, to agree policy responses to domestic monetary conditions. And it could be[…]
My first thoughts on encountering the National Economic Recovery and Growth Plan (NERGP) was that, at 142 pages, it was always going to be a difficult read. Upon reflection, however,[…]
Recent conversations around how unwashed my vehicle sometimes appears underscored how, even amongst those who ought to know, concern for resource use is the least of our worries. In these[…]
Mid-last week, the naira rallied very strongly against the dollar — recovering close to 10% of its value. As the week wound to a close, word on the street was[…]
The naira, last week, ambled past the US$1:N500 mark. Not much to worry over if you share the opinion (quite popular in our official circles) that the black market is[…]
That Nigeria’s first foray into the international capital markets in over four years was a qualified success is not in doubt. Nor is it surprising that the fact of the[…]
Speculation about the 2017 appropriation bill — how soon it will be enacted, and what its likely impact on domestic output would be — has been a staple of financial[…]
The Central Bank of Nigeria’s (CBN) rate-setting committee met last week. And, despite the toll that both a depreciating naira and rising domestic prices are taking on consumer welfare (and[…]
News out of and about Nigeria, last week, was largely upbeat. Chances of the 2017 appropriation bill being passed a lot earlier than has been the norm since 1999, were[…]