11
May, Sunday
6°C
Current Location
Tag: Forex
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…
Read More
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…
Read More
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…
Read More
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…
Read More
The YNaija Cover this evening – the 20th of February
Read the full stories and analyses here, here and here now!
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
[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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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)…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
‘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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy