The YNaija Tracklist: DSS releases arrested judges | How Emefiele’s kidnappers shared N80m | Rice price’ll crash by Nov. — FG

From the papers this morning – a Tracklist. DSS releases arrested judges – YNaija Price of rice will begin to crash by November – FG – YNaija Many militants are mere extortioners, says Buhari – Punch How Emefiele’s kidnappers shared N80m – Vanguard How NJC rejected DSS’ request to probe judges – ThisDay 154 Nigerians... Read More

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#BBOG, CBN, chibok, DSS, Godwin Emefiele, judges, kidnappers, seriake dickson, The YNaija Tracklist, Timipre Sylva

October 7, 2016

Ex-banker sentenced to 12 years over currency scam

The Federal High Court, sitting in Ibadan Oyo State, on Thursday, convicted one Ademola Oni, a former banker with Wema Bank, and sentenced him to twelve years imprisonment for conspiracy and money laundering. While delivering her judgment, Justice Joyce Abudmalik ruled that he forfeits all his properties and cash in various banks as proceeds of... Read More

The News Blog

Ademola Oni, CBN, Currency scam, EFCC, Wema bank

October 5, 2016

Emefiele, his team should be sacked over falling naira – House of Reps members

Following the continuous fall of the naira’s value, some members of the House of Representatives have called for the sack of the governor of the Central Bank of Nigeria, Godwin Emefiele. The motion titled ‘Call for investigation of the Central Bank of Nigeria’s forex policies’ was sponsored by Hon. Ali Isa. A lawmaker, Mojeed Alabi said... Read More

The News Blog

CBN, central bank of Nigeria, falling naira, Godwin Emefiele, House of Representatives

October 2, 2016

Opinion: Interest rate level and its effect on the Nigerian economy

by Dele Awogbeoba One of the four disastrous policies that gave rise to Nigeria’s recession was discontinued by the Nigerian CBN about two months ago. Those four policies were (a) the policy of currency controls started in December 2014 (b) high interest rate policy in a recession (c) High CRR policy by the CBN in... Read More

CBN, economy, fiscal Policy, foreign currency, Forex, nigeria, recession

October 1, 2016

CBN confused over falling naira, economy – TUC

President of the Trade Union Congress, Bobboi Kaigama on Friday said the Central Bank of Nigeria (CBN) is confused and does not have an idea of how to revive the country’s falling economy. Kaigama said in an address released in commemoration of Nigeria’s 56th independence anniversary. Kaigama lamented the the nation’s currency losing value against the Dollar... Read More

The News Blog

Bobboi Kaigama, CBN, central bank of Nigeria, confused, economy, naira exchange, Trade Union Congress, TUC

September 30, 2016

Peregrino Brimah: On selling assets – The vultures are anxious to feast on Nigeria’s carcass

Vultures are birds of doom. They barely wait for you to be dead before they start ripping you apart. With their long necks and scrawny attires, they wish death on you and quite often bring it on. When a veritable source told me at the beginning of the “Change” transfer, that Nigeria’s top cabal had loaded some Ghana-must-gos... Read More

Buhari, CBN, Change begins with me campaign, Dangote, National assets, nigeria, senate

September 30, 2016

Peregrino Brimah: Nigeria’s ‘new sheriff’ is partial

This year, out of some 120 trucks of desperately needed food grains that were sent to the Boko Haram-ravaged northeast of Nigeria, a staggering 70 disappeared into thin air. This reported crime was not only an act of robbery, but an act of terror. It had direct consequences in numbers of starving displaced persons, IDPs dying hourly.... Read More

Buhari, CBN, Change begins with me campaign, journalists arrested, Sheikh zakzaky, sheriff

September 30, 2016

Opinion: Recession – Is the worst really over?

by Jideofor Adibe With Nigerians waddling through what is generally regarded as the country’s worst economic crisis in over two decades, the CBN Governor, Godwin Emefiele, has just dangled what some would regard as a ray of hope to suffering Nigerians. Speaking while playing host to members of the Newspaper Proprietors Association of Nigeria recently, the... Read More

adeosun, CBN, Economic policies, Forex, Godwin Emefiele, naira devaluation, nigeria, president buhari, World Bank

September 30, 2016

Opinion: A beginner’s guide to evaluating any investment

by Derin Adebayo So you have some free cash lying around (lol, I know…. let’s just pretend you do) and someone approaches you while you’re jogging and tells you about an investment opportunity in his insurance company. For a fixed monthly deposit of NGN 50,000 you get NGN 3,000,000 after three years. Is this a... Read More

cash, CBN, economy, Finance, investment, Liquidity, Start-up, stoocks

September 29, 2016

The Thread: Will Dino Melaye’s allegation against MTN ever catch fire?

Nigeria has been hit hard by recession and in these desperate economic times, every kobo counts. It is the reason Dino Melaye cited for going after MTN for allegedly making illegal transfers to the tune of $12 billion dollars out of Nigeria over a 10 year period. Senator Melaye put forth this allegation to the... Read More

CBN, dino melaye, Forex Monitoring Act, MTN, nigerian senate

September 29, 2016

Peregrino Brimah: Godwin Emefiele promotes recession by denying Nigerians access to money

by Peregrino Brimah The Central Bank governor Godwin Emefiele has categorically rejected demands by Kaduna Governor Nasir El-Rufai, Finance Minister Kemi Adeosun and yours truly, for the CBN to reduce interest rates to enable small businesses have access to funds to ease the recession and promote growth. According to a report in the Vanguard, the Apex bank governor argued that... Read More

aliko dangote, CBN, el rufai, Godwin Emefiele, kemi Adeosun, Monetary Policy Committe

September 28, 2016

Waziri Adio: Recession as opportunity for reversing resource curse

And, sadly, it came to pass. It is well predicted that most countries blessed with natural resources, even in the best of times, perform worse economically than countries not so endowed; and that, when times are tough, countries that are dependent on natural resources come to an assured grief. There is a popular name for... Read More

Botswana, CBN, crude oil, economy, Forex, GDP, malaysia, NEITI, nigeria, Nigeria Extractive Industries Transparency Initiative, Norway, Rahm's Rule, recession, UAE, Waziri Adio

September 27, 2016

The Thread: The naira continues to fall and Nigerians can’t stop wailing

It’s mostly doom and gloom in Nigeria today. The naira has taken a further hit at the parallel market, and is currently trading at 445 to the dollar; the effect of it being that cost of goods – like math set – has risen greatly, and Nigerians are not finding any of this funny. Please... Read More

CBN, interbank versus parallel market, naira, scarcity of dollars

September 25, 2016

$7bn reserves: Soludo won’t get any apology from me – Falana

Human rights lawyer, Femi Falana on Sunday said he would not apologise to a former governor of the Central Bank of Nigeria, Charles Soludo for alleging that he gave out $7 billion to some banks without recovering it. Soludo had denied the allegation and demanded for an apology from the lawyer. But Falana in a... Read More

The News Blog

$7 billion dollars reserves, CBN, central bank of Nigeria, Charles Soludo, femi falana

September 25, 2016

Moses Ochonu: Buhari’s problem is unhealthy personal loyalty

Buhari’s problem can be summed up in two words: personal loyalty. He is loyal to a fault to those who are loyal or allied to him. He rewards loyalty with unquestioning loyalty. That is a potentially fatal flaw of leadership. His appointees know this weakness of his. They know that he is too loyal to... Read More

Bbachir Lawal, budget paddingPresident Buhari, Buratai, CBN, corruption, FIRS, nigeria, obama, plagiarism, trump

September 25, 2016

Simon Kolawole: Whose interest is it anyway?

Baffling. That’s the word. When Mrs Kemi Adeosun, the minister of finance, publicly canvassed that the Central Bank of Nigeria (CBN) should lower interest rate, I was baffled. Although the CBN is theoretically independent of the executive arm of government, we are in such a delicate situation that you do not want managers of the... Read More

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AbdulAziz Yari Abubakar, CBN, Forex, Frank Udemba, Godwin Emefiele, kemi Adeosun, man, MPR, Muhammadu Buhari, NIPC, simon kolawole

September 25, 2016

Falana lied I gave $7bn of Nigeria’s reserves to banks – Soludo

Former Central Bank of Nigeria governor, Charles Soludo has denied claims by lawyer, Femi Falana (SAN) that he unlawfully gave $7 billion of Nigeria’s reserves to banks as loans and never recovered them. Falan had also alleged that another former governor of the CBN, Sanusi Lamido also gave another unrecovered N600 billion as bailout to the same... Read More

The News Blog

$7billion, CBN, central bank of Nigeria, Central Bank of Nigeria Governor, Charles Soludo, femi falana, Reserves, unlawful loans

September 24, 2016

Sanusi replies Falana, says he is ready for probe

A former governor of the Central Bank of Nigeria, Lamido Sanusi says he is ready for his time as head of the bank to be probed, Premium Times reports. It would be recalled that days back human rights lawyer, Femi Falana had called for the probe of Sanusi, who is now the Emir of Kano, and Professor... Read More

The News Blog

Bailout funds, banks, CBN, femi falana, PROBE, Professor Chukwuma Soludo, Sanusi Lamido Sanusi

September 18, 2016

Feyi Fawehinmi: Agriculture in Nigeria – follow the money

I take the view that planning the future is very hard and you will never have all the information you need for obvious reasons. So when it comes to the government trying to shape development, it makes a lot of sense to allow people do stuff and learn what works with a view to supporting... Read More

agriculture, Business, CBN, economy, FG, growth, nigeria, states

September 13, 2016

Opinion: Mr. President, you must be the change we see in our country

by Banjo Damilola A friend wrote as his Personal Message on Blackberry Messenger; “If change begins with me, I would have voted myself.” I dare say nothing is personal about that message as it echoes the sentiment of majority of people about President Buhari’s #ChangeBeginsWithMe campaign. I, also, share the sentiment. No, Change does not begin... Read More

APC, Buhari, CBN, Change, economy, Job, minimum wage, naira

September 12, 2016

The Big 5: These are the stories you should be monitoring today

These are the top five news to monitor today 1. Hillary Clinton diagnosed with pneumonia U.S. presidential candidate, Hillary Clinton, has been diagnosed with pneumonia by her doctor. 2. We aren’t plotting to attack CBN – Ex-militants Former militants belonging to the Second Phase Presidential Amnesty Programme has said that they have no plan of attacking any... Read More

The News Blog

big 5, CBN, EFCC, ex-militants, Fayose, INEC, jonathan, Militants, recession

September 12, 2016

Unpaid stipends: We aren’t plotting to attack CBN – Ex-militants

A former militant group currently part of the ongoing Second Phase Presidential Amnesty Programme has said it would not shut down the Central Bank of Nigeria’s branches in the Niger Delta over failure to pay their stipends. The factional group had threatened to attack the CBN. In a statement issued by the Phase leader, Ebina Salvation, the... Read More

The News Blog

Amnesty programme, CBN, central bank of Nigeria, threat, unpaid stipends

September 11, 2016

Simon Kolawole: If symptoms persist after one year…

Time changes everything. My barber voted for change last year. Which means he voted for Candidate Muhammadu Buhari. After Buhari’s inauguration and the stable power supply that followed, he felt justified. “Power has become regular in just a few months,” he said triumphantly. Over time, though, he has transformed from Buhari’s admirer to critic. Last... Read More

Featured

APC, CBN, Edo, Godwin Emefiele, INEC, lai mohammed, Muhammadu Buhari, PDP, simon kolawole

September 10, 2016

The YNaija Tracklist: Patience Jonathan’s account ‘frozen’ | Zimbabwe to fire 25k workers | 2 Muslim women, babies attacked in NY

From the papers this morning – a Tracklist Powerlifter, Rolland Ezuruike wins gold, breaks paralympics record – YNaija EFCC driver, others arrested for burglary, fraud –YNaija Saraki says ‘We are also feeling the pains of recession’ – YNaija Oshiomhole: PDP registered 8,000 militants – YNaija Road crashes leave 3,048 dead this year, says FRSC –... Read More

Featured, The News Blog

CBN, economy, EFCC, FG, Fox, militant, Patience Jonathan, PDP, Recssion, Saraki, tracklist

September 9, 2016

Manasseh Egedegbe: Recession is a word

by Manasseh Egedegbe Recession is a word. It is also a noun. It is a powerful noun that has thrown 4.6 million people out of jobs in a little over a year. A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two... Read More

CBN, disaster, Emefiele, Finance, investment, kemi Adeosun, Nigerian Economy, recession

September 9, 2016

‘Times are tough’ | Cement price to increase further

Cement manufacturers have warned of yet another increase in the price of the commodity due to the inability to access foreign exchange, and the further devaluation of the naira. Addressing shareholders at the 37th Annual General Meeting (AGM) of the Cement Company of Northern Nigeria (CCNN) in Abuja on Thursday, the Chairman of the company... Read More

The News Blog

Alhaji Abdulsamad Rabiu, CBN, CCNN, cement, Forex, Manufacturers

September 7, 2016

Opinion: Who parallel market epp?

by Olamide Eyinla The main topic today in Nigeria is the value of the Naira. Sometime in June 2016, the Naira was floated to reflect its true value as the government ran out of resources to maintain her defence of the artificial value of the naira. Ceteris paribus, this decision would lead to the eventual... Read More

CBN, devaluation, foreign exchange, naira, Nigerian customs, parallel market

September 7, 2016

Opinion: How Godwin Emefiele caused millions of Nigerians to lose jobs

by Dr. Peregrino Brimah The direct policies of the central bank of Nigeria, CBN have been and continue to be at the helm of the current economic crisis and recession that is permanently and irreversibly destroying life and hope for the Nigerian masses. We have repeatedly pointed out these cabal-favorable, masses-exterminating policy decisions that have gotten Nigeria... Read More

atiku abubakar, Ben Bruce, Cabal, CBN, Dangote, Emefiele, naira devaluation, president buhari, SMEs, Soludo

September 5, 2016

Naira has fallen: The lambs remain silent

by Manasseh Egedegbe I was in the UK a few weeks ago. I bought bottled water from a store and I got a couple of coins as change. One of them was a £2 coin. And then it hit me. I stared at the coin for a couple of seconds while different kinds of thoughts... Read More

CBN, Forex, Interbank, naira, Naira versus dollar rates, Nigerian Economy, Oil prices, recession, Treasury bill

September 5, 2016

The right policies are hugely criticised in Nigera – Emefiele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the way to know a policy that works in the country, is when it is being criticised. Emefiele said such policies were criticised because people find it difficult to circumvent them. He made this declaration while delivering a lecture entitled, ‘Managing monetary policy... Read More

The News Blog

CBN, economy, Godwin Emefiele, policies

The YNaija Tracklist: DSS releases arrested judges | How Emefiele’s kidnappers shared N80m | Rice price’ll crash by Nov. — FG

Ex-banker sentenced to 12 years over currency scam

Emefiele, his team should be sacked over falling naira – House of Reps members

Opinion: Interest rate level and its effect on the Nigerian economy

CBN confused over falling naira, economy – TUC

Peregrino Brimah: On selling assets – The vultures are anxious to feast on Nigeria’s carcass

Peregrino Brimah: Nigeria’s ‘new sheriff’ is partial

Opinion: Recession – Is the worst really over?

Opinion: A beginner’s guide to evaluating any investment

The Thread: Will Dino Melaye’s allegation against MTN ever catch fire?

Peregrino Brimah: Godwin Emefiele promotes recession by denying Nigerians access to money

Waziri Adio: Recession as opportunity for reversing resource curse

The Thread: The naira continues to fall and Nigerians can’t stop wailing

$7bn reserves: Soludo won’t get any apology from me – Falana

Moses Ochonu: Buhari’s problem is unhealthy personal loyalty

Simon Kolawole: Whose interest is it anyway?

Falana lied I gave $7bn of Nigeria’s reserves to banks – Soludo

Sanusi replies Falana, says he is ready for probe

Feyi Fawehinmi: Agriculture in Nigeria – follow the money

Opinion: Mr. President, you must be the change we see in our country

The Big 5: These are the stories you should be monitoring today

Unpaid stipends: We aren’t plotting to attack CBN – Ex-militants

Simon Kolawole: If symptoms persist after one year…

The YNaija Tracklist: Patience Jonathan’s account ‘frozen’ | Zimbabwe to fire 25k workers | 2 Muslim women, babies attacked in NY

Manasseh Egedegbe: Recession is a word

‘Times are tough’ | Cement price to increase further

Opinion: Who parallel market epp?

Opinion: How Godwin Emefiele caused millions of Nigerians to lose jobs

Naira has fallen: The lambs remain silent

The right policies are hugely criticised in Nigera – Emefiele

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