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Tag: Forex
5 things that are going through VP Osinbajo’s mind these days
by Roqeebah Olaoniye Nigeria’s Vice President, Yemi Osinbajo, plays his role well, staying on message and doing what he’s told like a good VP. But what is he really thinking?…
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According to the CBN governor, this is why the Naira is falling
Governor of the Central Bank of Nigeria, Godwin Emefiele, on Saturday, explained that the Naira is depreciating against the dollar because Nigeria doesn't export anything except oil. Speaking at a career…
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According to Emefiele, this is why CBN sold forex to Hajj pilgrims at N197
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, said that foreign exchange sold to 2016 hajj pilgrim was due to a 2015 agreement reached by the…
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Hajj controversy: 7 reasons why Nigerians got super mad
by Salau Oluwatorinmo - Over a year ago, President Muhammadu Buhari (or PMB as he is fondly called) was ushered into office to the chorus of "Change." Beyond being practically…
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Opinion: The government’s needless forex policy for pilgrims
With regard to federal government's decision of August 4, 2016, instructing Nigerian banks to provide forex to the country's intending Hajj pilgrims at N197 per This follow after the government…
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Nigerians on Twitter react to CBN’s subsidized exchange rate for Hajj pilgrims
Following the news that the Central Bank of Nigeria (CBN) intends to give subsidy on foreign exchange to Hajj pilgrims, Nigerians have taken to social media to express their opinion on…
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Opinion: There is no concrete action plan for Nigeria’s economy
The Minister of Finance, Mrs. Kemi Adeosun has finally confessed that the Nigerian economy is in recession even though I had argued that the economy was already in recession in…
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Simon Kolawole: Where do we go from here?
If you were a lover of reggae music in the 1970s, you would certainly know “Time Hard”, a hit song by The Pioneers, the Jamaican three-man band. “Every day,” they…
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How to solve Nigeria’s current Forex scarcity, by Dolapo Oni
by Dolapo Oni Nigeria urgently needs to increase the supply of dollars in the economy, especially at the interbank market where access is really limited and customers of banks are…
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Dolapo Oni: Let’s not wait another 12 months to fix this Forex challenge
First a rant, then some suggestions. Changing the Nigerian exchange rate regime from a managed rate to a floating rate was never meant to solve all of Nigeria’s economic problems,…
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The CBN is not interfering in new exchange rate regime – Emefiele
Governor of the Central Bank of Nigeria, Godwin Emefiele, on Monday, said that the apex bank is not interfering in the recently introduced foreign exchange regime, with claims that the prices…
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The Big 5: These are the stories you should be monitoring today
These are the top five news stories to monitor today. 1) Ex-militants say Jonathan's associates behind militancy The Movement for the Emancipation of the Niger Delta (MEND) has reiterated its…
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Babajide Ajidagba: Rationalising governance beyond ‘economic diversification’ (Y! Naira&Kobo)
By Babajide Ajidagba One of the often used words by President Buhari, Vice President Osinbajo and others on their team during the last general election and the year since is “economic…
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Oluwatosin Olaseinde: With the new forex policy, Nigeria is now open for business (Y! Naira&Kobo)
Finally, details of the much awaited FX market structure announced in the May MPC meetings are here. The CBN has finally addressed its primary function to maintain stability for the…
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15 things to know about CBN’s new forex policy
The Central Bank of Nigeria on Wednesday, released guidelines for the new flexible foreign exchange policy. The announcement was made by governor of the apex bank, Godwin Emefiele, during a…
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Morning Devotion: What LeBron and CBN have in common – #TheDecision
Joachim MacEbong talks about that LeBron and CBN have in common. #TheDecision Take a listen. [Recap from yesterday] Ban on rice importation causing hunger, Electricity operators take NERC to court, Buhari…
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CBN to unveil new Forex guidelines today
The Central Bank of Nigeria, on Tuesday, announced that it will release a new Foreign Exchange (FOREX) guideline on Wednesday, June 15. The bank made the announcement on Tuesday, through…
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Get ready… domestic airlines to hike price of tickets
Following the increase in the price of aviation fuel, domestic airlines in Nigeria may hike the price of air tickets, the Punch reports. The price of jet fuel was increased…
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Foreign Airlines: “When they were not here, were we not flying?” – Amaechi
Foreign airlines are having a difficult time operating in Nigeria and some were recently reported to have ended their operations in Nigeria. The reason for this is attributed to the…
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Opinion: “If only Buhari were the President”
by Tama Peter In the weeks and months leading to April 30, 2015, when the Muhammadu Buhari bandwagon was on the offensive, wheeling in full force across Nigeria while fanning…
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Senate wants Adeosun and Emefiele to explain why the economy is in a mess
The Senate has requested the presence of the Minister of Finance, Kemi Adeosun and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele before it to explain the…
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Opinion: Agricultural revolution – Time to make a bold move
By Adekunle Smart Renowned physicist and Nobel Laureate, Albert Einstein once quipped, “In the middle of difficulty, lies opportunity.” A careful consideration of Nigeria’s current economic meltdown reveals the truth…
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Opinion: What rubbish subsidy removal?
ny Stanley Ilechukwu I’ve been listening to all the arguments for and against the “subsidy removal”of the Buhari led government and it’s just hilarious. From that of the current government,…
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Report: The CBN will not devalue the naira
The monetary policy committee (MPC) meeting of the Central Bank of Nigeria (CBN) holding on May 23-24 will not discuss the devaluation of the naira, TheCable is reporting in an…
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‘Corruption has federal character, each ethnic group is well represented’ -Osinbajo
Vice President Yemi Osinbajo has said that the increase in fuel price was a difficult decision for President Muhammadu Buhari. According to a statement by Laolu Akande, the Senior Special…
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Get ready for another round of fuel scarcity
Nigerians should be set to witness another round of fuel scarcity as some sea vessels are stuck on the coast of Nigeria, unable to unload the products they are carrying…
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Mazi Emeka: Why NNPC is selling fuel at N145
The internet threw a question at us and we decided to answer it. A few days ago, the Minister of state for Petroleum Resources, Ibe Kachikwu, announced that the federal…
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Nigeria to overcome fuel scarcity as marketers get access to forex
It appears that a temporary end to the continued scarcity of petrol across the nation is around the corner. The Independent Petroleum Marketers Association of Nigeria, has declared that access…
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The race is on for the biggest financial trading event of 2016
The end of April is hot for every Forex trader in Nigeria. This month ForexRally speeds the race and offers big prizes to the best Forex trader who actively trades…
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‘We need forex… to keep our 7,200 employees’ – Innoson Motors
Indigenous vehicle manufacturing company, Innoson is also feeling the effects of the federal government's restriction on forex Chairman of the auto-company, Innocent Chukwuma on Monday, led the management team of…
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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