by Les Leba Worse still, government’s attempt to support the poor with over 50% subsidy on kerosene prices has been largely undermined, as NNPC’s porous regulatory structures and systems appear to deliberately create huge opportunities for excessive profiteering, in its partnership with fraudulent fuel importers! Our parlous economic predicament is generally regarded as a “resource... Read More

blessing, government, Les Leba, Oil, opinion, subsidy, ynaija

Les Leba: Oduahgate – Who will cast the first stone?

by Les Leba In her own defence, the aviation minister, Stella Oduah insists that the legislators declarations notwithstanding, the armoured vehicles were properly captured in NCCA’s budget, while she also observed that the approved budget for vehicles purchase had not been exceeded by the agency, since the agency entered into a lease agreement with their... Read More

Les Leba, media. oduah gate, NCAA, stella oduah, suswam

October 21, 2013

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Les Leba: Where do Africa’s brightest and fittest go?

by Les Leba So, how did the future of the African youth and by extension the economic viability of countries in the continent become so bleak? When did the selfless spirit of the founding fathers of African political freedom desert us? “Africans in the prime of their lives were forcibly plucked from their homes and... Read More

African youths, economy, europe, future, Les Leba, migrants, naira, opinion, ynaija

October 9, 2013

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Les Leba: Guess who is dollarising the economy

by Les Leba A stronger naira will shift market preference from the dollar and reduce the propensity for round tripping. Any patron of Bureau de Change may find that a difference of about N10 per dollar now exists between the official rates of N155 per dollar ex-Central Bank, and about N165/dollar in the open market. ... Read More

CBN, denomination, dollar, economy, Les Leba, naira, nigerians, Reserves

September 23, 2013

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Les Leba: A parable of a fool and his money

by Les Leba These banks, which currently post hundreds of billions of naira profits, are the same banks, which were also beneficiaries of over N5tn government funding in the last three years, according to recent reports from AMCON; meanwhile, revitalisation of the real sector has remained just a promise! The other day, a friend narrated... Read More

AMCON, banks, CBN, economy, fool, Les Leba, money, naira, parable, sanusi

September 17, 2013

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Les Leba: CBN’s management of surplus cash as economic sabotage

by Les Leba Whether anyone chooses to agree with this analysis is not important; the truth remains clear that CBN instigates the oppressive burden of excess cash in the system, when it captures our dollar earnings and substitutes same with monthly naira allocations. It is bad enough to ever be in a position where one... Read More

banks, CBN, crude account, excess cash, Les Leba, suppress

August 5, 2013

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Opinion: Naira – Redesign, redenomination or revaluation?

by Les Leba The advantages of redenomination may however, be short-lived, if the abiding economic instigators of inflation are not adequately tackled. In a recent interactive section with the House of Representatives Committee on Banking and Currency, the Governor of the Central Bank, Lamido Sanusi, noted that if the plan to redesign naira... Read More

cedi, central bank, dollar, economy, fiscal, kobo, Les Leba, naira, nigeria, opinion, redenomination, redesign, Sanusi Lamido Snusi, save, weak, ynaija

Opinion: The blessing of oil – A peculiar mess

Les Leba: Oduahgate – Who will cast the first stone?

Les Leba: Where do Africa’s brightest and fittest go?

Les Leba: Guess who is dollarising the economy

Les Leba: A parable of a fool and his money

Les Leba: CBN’s management of surplus cash as economic sabotage

Opinion: Naira – Redesign, redenomination or revaluation?

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