FG Moves To Re-introduce Naira Redenomination
January 5, 2009
When on August 14, 2007 the governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Charles Soludo announced plans by the CBN to redenominate the Naira, a cacophony of voices trailed it. The CBN was summarily summoned to the Federal...
Naira Redenomination Risky For The Economy- Dr. Ayagi
January 5, 2009
I think it was suspended for excellent reasons; many people made arguments against it. I know when it was first introduced, Nigerians kicked against it because it was against their interest. It was introduced unilaterally by the CBN without...
Naira Redenomination: Conditions Not Right In Nigeria – Prof Kwanashie
January 5, 2009
Professor Mike Kwanashie was Economic Adviser to former Vice President Atiku Abubakar. In this interview with Sunday Trust, he speaks on the redenomination of the Naira and why President Umaru Musa Yar’adua should tread with caution on the...
About Nsibidi Writing Script - From The Calabar Kingdom
January 3, 2009
National Assembly Audits N80 Billion Spending
January 2, 2009
HOW federal lawmakers spent N80 billion to run offices in the nation's capital and their constituencies last year has come under the scrutiny of the National Assembly's bureaucracy in the latter's statute-bound end-of-the-year stocktaking exercise,...
Nigeria’s Foreign Reserves Dip To $52.7 Billion
January 2, 2009
Nigeria’s foreign reserves ended 2008 at $52.7 billion, according to the Central Bank of Nigeria (CBN). A surge in demand for foreign exchange at the CBN’s Wholesale Dutch Dutch -Auction System (WDAS) has resulted in a steady depletion...
Transcorp Shares Crash To 79 Kobo
January 1, 2009
From N7.21K per unit of share in 2006, yes-terday the share value of Transnational Corporation of Nigeria Plc crashed to 79 kobo, even as the general value of shares has started recovering after the stock market lost N6 trillion from a March...
$1=N155 At Black Market In Lagos
December 31, 2008
The American dollar exchanged for N150 at the black market in Lagos yesterday following the closure of the foreign exchange market to the banks and Bureaux de Change (BDC) by the Central Bank of Nigeria (CBN) for the Christmas and New Year holidays.
Nigeria And The Global Financial Meltdown - Obadiah Mailafia
December 29, 2008
From first principles, we must not forget that financial booms and busts are not a new phenomenon. What is disquieting about the current meltdown is that it is in the nature of a seismic tremor of earth-shaking proportions. Within a few moths,...
RMAFC Seeks NASS Probe Of N1b Stabilisation Fund In CBN
December 27, 2008
Chairman, Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Hamman Tukur, has asked the National Assembly to institute an inquiry into how the Federal Government has so far expended the nation's over N1 billion Stabilisation Fund...
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