Peregrino Brimah: Osinbajo moves to kill forex subsidy racket run under Buhari leadership

by Peregrino Brimah The quite outspoken former Central Bank Governor, now Emir, HRH Sanusi Lamido Sanusi, SLS II, as quoted in an article in DailyTrust of August 2016 captioned, “FG creating billionaires through forex – Sanusi,” leveled some very strong allegations against the Buhari administration’s central bank foreign exchange policies with grave impact on the nation’s economy. “We have... Read More

Opinion

Buhari, Forex, nigeria, Osinbajo, Politics, subsidy

February 28, 2017

CBN releases additional $180m into forex market

by Azeez Adeniyi The Central Bank of Nigeria (CBN) on Monday released additional $180m in order to increase liquidity in the foreign exchange market. This was disclosed by the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor. He said $100 million was released into the wholesale forwards segment of the market, while $80m was... Read More

The News Blog

$180m, CBN, central bank of Nigeria, foreign exchange, Forex

February 27, 2017

Peregrino Brimah: Buhari down, Naira up

by Peregrino Brimah I hate to say I told you so. July last year we released one more of several alerts as to the danger and damage of CBN governor Godwin Emefiele to the Nigerian economy. The article was titled, “Recession: Nigeria’s Economy Cannot Improve So Long As Godwin Emefiele Remains In Charge.” In it,... Read More

Opinion, Thinking Through

CBN, economic policy, Forex, nigeria, opinion, Peregrino Brimah, Yemi Osinbajo

February 21, 2017

APC youth demand Ekweremadu’s resignation

by Dolapo Adelana The All Progressives Congress, APC, Youths Renaissance has called for the resignation of Deputy Senate President, Senator Ike Ekweremadu. North Central Coordinator of the group, Hon. Abubakar Yakubu in a statement accused the Senator of inciting Nigerians against President Muhammadu Buhari for blaming the president for the fall of the Naira. He said,... Read More

The News Blog

APC Youth Renaissance, Currency, dollar, Forex, Hon. Abubakar Yakubu, President Muhammadu Buhari, Senator Ike Ekweremadu

February 10, 2017

Opinion: Despite the recession, this is why the CBN cannot float the naira yet

by Bolarinwa Durojaiye We all know that the Central Bank of Nigeria needs to float the Naira. Hopes that this had been done in mid-2016 when the CBN announced the introduction of the ‘automatic adjustment mechanism of the exchange rate’ in a flexible foreign exchange regime were soon dashed when it became obvious that there... Read More

Opinion

CBN, devaluation, Emefiele, Forex, naira, nigeria, recession

February 7, 2017

Reps summon Emefiele over allocation of Forex to oil companies

The House of Representatives ad hoc committee on the review of price of petroleum on Monday summoned the Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele to appear before it over allocation of foreign exchange to oil marketers for importation of petroleum products. Emefiele’s summon is coming after the Nigeria Navy indicted the... Read More

The News Blog

Ad hoc committe, CBN, Forex, House of Reps, Nigerian Navy, oil companies

January 18, 2017

FG to launch economic recovery plan in February – Osinbajo

Vice President Professor Yemi Osinbajo says the Federal Government cannot afford to float the Naira at the moment. Speaking at the World Economic Forum in Davos, Switzerland on Wednesday, Osinbajo said the government will launch its economic recovery plan in February. “We would formally launch the four-year economic recovery approved plan in mid-February,” he said. “We’ve... Read More

The News Blog

Davos, Economic recovery plan, float, Forex, naira, Professor Yemi Osinbajo, World Economic Forum

December 13, 2016

YNaija Analysis: Like Jonathan, Buhari has become a very dangerous president

In the months prior to the 2015 general elections, the wind of ‘change’ swept through Nigeria. Almost everyone was excited at the prospect of Gen. Muhammadu Buhari (as he then was) unseating the then President Goodluck Jonathan to become president of the country. Chants of “sai baba” were not uncommon in parts of Nigeria and... Read More

Featured

depression, dollar, Forex, GDP, naira, nigeria, nysc, Orientation camp, Politics, Solomon Dalung. AECON, sticky, Supr Falcons, ynaija analysis

November 30, 2016

Opinion: Financial institution crisis in Africa | Causes and Solutions

by Olawale Rotimi Opeyemi Formal financial sector in Africa has been rocked with tough crisis over the recent decade; events of recent years have deepened the crisis. In all African nations, financial institutions are faced with at least one major national or continental crisis. Taking examples, since the uprising that toppled President Hosni Mubarak in... Read More

africa, financial crisis, financial institutions, Forex, opinion

November 22, 2016

[The Legislative Blog]: We should applaud the Senate for rejecting CBN’s FOREX proposal

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele is obviously in a struggle to keep up with his recent bravado about how his policies have saved the country’s economy from plunging deeper into the recession. In another bid to save the ailing economy, the Federal Government and the CBN proposed an amendment... Read More

More, The Legislative Blog

CBN Governor, dollar, foreign currencies, Forex, Godwin Emefiele, legislature, recession, senate

November 22, 2016

CBN not in support of jailing hoarders of dollars – Emefiele

The Central Bank of Nigeria (CBN) says it is not in support of plans by the federal government to jail Nigerians hoarding dollars. Governor of the apex bank, Godwin Emefiele stated this at a press briefing in Abuja on Tuesday, saying he was notaware of the government’s plans. He said, “Let me respond to issues... Read More

The News Blog

CBN, dollars, FG, Forex, hoarders, jail

November 18, 2016

DSS arrests 40 in raid on Kano BDCs

Over 40 people have been arrested by operatives of the Department of State Security (DSS) in Kano. The arrest occurred at the famous Wapa Bureau De Change (BDC) in Fagge area of the city. A source close to the DSS, who spoke on the condition of anonymity, confirmed the arrests, saying that those arrested were... Read More

The News Blog

BDCs, DSS, Fagge area, Forex, kano, raid

November 11, 2016

DSS raids BDCs in Lagos, Abuja

The Department of State Services (DSS) on Thursday arrested some unregistered Bureau De Change operators in Lagos and Abuja. The service also raided some registered BDCs operators who were accused of selling the dollar above N400. On Wednesday, the DSS operatives who posed as buyers had raided the offices of some BDCs in Lagos and Abuja,... Read More

The News Blog

Alhaji Yusuf Rabiu, BDC operators, DSS, EFCC, Forex, mamman daura

October 25, 2016

Opinion: Why Nigeria Is Its Own Worst Enemy

by Calvin Ebun-Amu The IMF predicts a stronger Nigeria growing out of recession in 2017. Fitch Ratings projected growth of 2.6%, thus instilling confidence in many potential investors. The IMF has expressed its preparedness to lend money at zero interest rate to Nigeria. Increasing Pressure Presently, Nigeria is experiencing its worst recession in 25 years... Read More

economy, Finance, Forex, IMF, nigeria

October 20, 2016

The Media Blog: Our good man, Fuad, brings some soul to Pulse

The last time we head about a big pulse innovation – it was porn. Hot Pulse is a vertical on the ‘everything’ portal that helps you get hard and get off. Yes, that’s where we are going now with online race-to-the-bottom innovation. Anyway, Fuad Lawal, a fine young man with plenty greatness in his future... Read More

The Media Blog

#BBOG, Bukky Shonibare, Chibok girls, Forex, Fuad Lawal, nigeria, PartyJollof, PulseNG

October 13, 2016

Feyi Fawehinmi: Nigeria’s forex market – what Koko said

by Feyi Fawehinmi I’ve not been lucky enough to meet Bola Onadele (“Koko”) yet but he’s one of those people you constantly hear about. For the best part of the last 30 years, he’s been at the heart of finance and trading in Nigeria and if you were to write a story about Nigeria’s long... Read More

Bola Onadele, economy, Forex, Godwin Emefiele, nigeria, president buhari

October 13, 2016

Opinion: Do something about Nigeria, running is never the answer

by Jumoke Olusoga “There’s a place for talking and criticism but there’s also a place to let our ACTIONS do the talking” – Fela Durotoye There are many things I would do for the people I love, but to sit around and wait irks the life out of me, I totally hate waiting and when... Read More

economy, education, Forex, nigeria, recession

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

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 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 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

Featured

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

September 13, 2016

Opinion: Can Nigeria actually spend her way out of this recession?

by Olamide Eyinla It is no longer news that Nigeria’s economy has slid into a recession. By definition, recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. What this means is that either aspects or all sectors of... Read More

dollars, economy, FG, Forex, inflation, recession, supply, Tax

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 6, 2016

Relax Nigerians, ‘NNPC has no plans of increasing price of fuel’

The Federal Government has insisted that the price of Premium Motor Spirit (PMS) will not be increased. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, said there was no immediate plan to increase the pump price of petrol. Kachikwu... Read More

Featured, The News Blog

Forex, Fuel Price, GMDs, Ibe Kachikwu, Marketers, Muhammadu Buhari, nnpc

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 2, 2016

Aero, First Nation, United Airlines shutdown… how long before Nigeria does under PMB?

by Roqeebah Olaoniye It’s only the 2nd of August, less than a two years into his administration, three airlines have ended operations in Nigeria. Is the current Buhari-led administration getting something sorely wrong with aviation policies as it seems to be doing in many other sectors? Or are the economic policies taken by this government... Read More

airlines, Amaechi, Buhari, Forex, recession, transport, unemployment

September 2, 2016

Opinion: Buhari’s elitism leads to economic collapse

by David O. Kuranga As I predicted a year ago the Nigerian economy is officially in a full blown recession, the naira is crashing and is the worst performing currency in the world because the Administration of President Buhari refused to do the right thing and increase taxes progressively on Nigeria’s wealthy. His finance minister finally... Read More

Buhari, economy, elitism, FG, Forex, nigeria, propaganda, revenue

August 30, 2016

Opinion: Buhari Administration And The Use of Emergency Powers

By Abdul Ajia Oga Sonala Olumhense as usual aptly captured the Nigerian situation over the last 15 months under the Buhari administration in his latest article published on the 28th of August, 2016 in major Nigerian media outlets. I agree with those who claimed that President Muhammadu Buhari has enough executive authority to execute the policies... Read More

BDC, Buhari, CBN, communication, Executive, Finance, Forex, nigeria, Power

August 25, 2016

Emir Sanusi is as stern as they come – 12 reasons we’re totally feeling his vibe

by Tolu Omoyeni The Emir of Kano and former Central Bank governor, Sanusi Lamido Sanusi is resolute in his opinions on how the country should be run. When he speaks at public lectures, there’s always a rare bluntness to his tone and he serves his comments without fear or favour. His diagnostic approach to explaining... Read More

APC, dollar, Emir of Kano, exchange rate, Forex, kano, Muhammadu Buhari, PDP

Peregrino Brimah: Osinbajo moves to kill forex subsidy racket run under Buhari leadership

CBN releases additional $180m into forex market

Peregrino Brimah: Buhari down, Naira up

APC youth demand Ekweremadu’s resignation

The YNaija Cover this evening – the 20th of February

Opinion: Despite the recession, this is why the CBN cannot float the naira yet

Reps summon Emefiele over allocation of Forex to oil companies

FG to launch economic recovery plan in February – Osinbajo

YNaija Analysis: Like Jonathan, Buhari has become a very dangerous president

Opinion: Financial institution crisis in Africa | Causes and Solutions

[The Legislative Blog]: We should applaud the Senate for rejecting CBN’s FOREX proposal

CBN not in support of jailing hoarders of dollars – Emefiele

DSS arrests 40 in raid on Kano BDCs

DSS raids BDCs in Lagos, Abuja

Opinion: Why Nigeria Is Its Own Worst Enemy

The Media Blog: Our good man, Fuad, brings some soul to Pulse

Feyi Fawehinmi: Nigeria’s forex market – what Koko said

Opinion: Do something about Nigeria, running is never the answer

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

Opinion: Recession – Is the worst really over?

Waziri Adio: Recession as opportunity for reversing resource curse

Simon Kolawole: Whose interest is it anyway?

Opinion: Can Nigeria actually spend her way out of this recession?

‘Times are tough’ | Cement price to increase further

Relax Nigerians, ‘NNPC has no plans of increasing price of fuel’

Naira has fallen: The lambs remain silent

Aero, First Nation, United Airlines shutdown… how long before Nigeria does under PMB?

Opinion: Buhari’s elitism leads to economic collapse

Opinion: Buhari Administration And The Use of Emergency Powers

Emir Sanusi is as stern as they come – 12 reasons we’re totally feeling his vibe

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