What I Learned From Reading *Made In Africa*
From a policy point of view, this is potentially the most important book concerning Africa that will be released this year. And timely too, given the collapse in commodity prices[…]
Category: Analysis
How Did We End Up Here?
“Who would have thought”, a friend asked me over a weekend spent queue jumping in the search for fuel, “that nearly a year into the Buhari administration, Nigerians would still[…]
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[…]
Of Bagpipes, Tartan shorts, Budgets, and National Priorities
Those bagpipes?! Set against the many difficulties confronting the Nigerian state, it does come across a wee bit crass to cavil at the fact that on his return from one[…]
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[…]
Interrupting The Naira’s Winter Migration
Mid-last week, the naira’s exchange rate saw more movement in one day than it has experienced in any 24-hour period in the last 5 years. There was some element of[…]
CBN Independence, A Recipe for Paralysis?
For a while now, I have been regularly blind-sided by the policy choices preferred by the Buhari administration: an aversion to market solutions in tackling the supply/demand imbalance weighing on[…]
To Devalue or Not?
To devalue the naira; or not? This dilemma has powered most conversations and arguments in the country over the last week. In the “red corner” we have had those who[…]
MPC Things
There are 2 reasons why the meeting (today and tomorrow) of the Central Bank of Nigeria’s (CBN) rate-setting committee (the Monetary Policy Committee – MPC) may leave the policy rate[…]
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[…]