Politics
General news on the economy and politics.
CBN retains MPR at 12%
Contrary to expectations of an increase in the monetary policy rate of the Central Bank, the Monetary Policy Committee agreed...
Read moreDetailsWith Access Bank sacking 1,500 Intercontinental Bank Staffs, what exactly have we gained from the much touted “banking reforms”?
News came in on Friday that Access Bank sacked 1,500 staffs of Intercontinental Bank. Actually, insider reports claim that the...
Read moreDetailsNigerian Businesses face huge exposure to exchange rate risk as the CBN plan to devalue the Naira
The Central Bank Governor on Monday announced that the CBN it was looking to devalue the rate of the Naira against the...
Read moreDetailsSanusi fires first shot as MPR is Hiked. Interest Rates to rise by 2.75%
As predicted yesterday the Monetary Policy Committee jacked up MPR by an astonishing 275 basis point (2.75%) to 12%. They...
Read moreDetailsDanger Monday! Is the economy finally tanking?
Monday mornings signifies an end to a jolly weekend and are also usually known for their painful reminder of a...
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New GTB MD, is he the wrong choice or are people just being myopic?
As news broke of the illness of erstwhile GTB MD, the Great Tayo Adenirokun earlier this year, rumors began to...
Read moreDetailsIs the Value of the Naira really N170 to $1?
A recent publication of the Lagos Business School on the state of the economy in the first 100days of GEJ...
Read moreDetailsCBN Apology to Chief Anennih
Just reading an advertorial on page 70 of today's Guardian. It's a full page apology to Chief Anennih by the...
Read moreDetailsAs the economy tanks, Sanusi feels no pressure
Economics indices last week points to a gloomy half year for the Nigerian Economy. The stock market continues on a...
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Deposit Rate vs Lending Rate – Who is playing catch up?
Page 41 pf today's Businessday features a CBN advertorial on deposit and lending rate.Going through the data, I realise that...
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