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Will more and efficient refineries reduce fuel prices?

The increasing length of queues lately in petrol stations nationwide may suggest that the erstwhile liberal availability of petrol may be threatened.  Consequently, many car owners now inevitably patronise the…

Are workers better off in Zimbabwe than in Nigeria?

Nigerians could be forgiven, if their impulsive reaction to the above comparison is a derisive sneer because of the general perception that the Zimbabwean economy was dysfunctional.  Indeed, about five…

Futility of increasing CRR on government deposits

Futility of increasing CRR on government deposits

The Monetary Policy Committee (MPC), at its meeting last week, retained Central Bank’s benchmark interest rate at the industrially destabilising level of 12 per cent, to avert the threat of…

‘CBN defended Naira with $26.6b in 2013’: True or false?

‘CBN defended Naira with $26.6b in 2013’: True or false?

By Henry Boyo   The Punch Newspaper recently carried a report titled “CBN Defended Naira with $26.6bn in 2013.”  The report, apparently obtained from the Central Bank’s website, indicated that…

CBN’s oil receipts may expose fiscal impunity

CBN’s oil receipts may expose fiscal impunity

The Central Bank of Nigeria Governor, Lamido Sanusi, has since withdrawn his earlier allegation that the Nigerian National Petroleum Corporation failed to repatriate $49.8bn revenue from crude oil sales into…

Paper to polymer to paper currency: They still don’t get it!

Paper to polymer to paper currency: They still don’t get it!

The slap on the wrist sanction of public servants, who inadvertently or indeed, knowingly misapply public resources, has expectedly engendered increasingly similar anti-social transactions and commitments by the management of…

The blessing of oil: A peculiar mess

The blessing of oil: A peculiar mess

Our parlous economic predicament is generally regarded as a “resource curse”; a phenomenon, which the free encyclopedia defines as a paradox of plenty, in which countries with abundant revenue from…

Negative income from PHCN sale?

Negative income from PHCN sale?

Public expectation for adequate and stable power supply may have been raised when President Goodluck Jonathan handed over share certificates to the private investors in five generation (GENCOs) and 10…

Guess who is dollarising the economy?

Guess who is dollarising the economy?

Any customer of the Bureau de Change outfit may find that a difference of about N10 per dollar now exists between the official rate of N155 per dollar ex-Central Bank,…

Parable of the fool and his money…

“The other day, a friend narrated a story, which I found stranger than fiction; the story related to the travails of a family who lost a successful and illustrious breadwinner,…

Okonjo-Iweala perplexed by high interest rates

Okonjo-Iweala perplexed by high interest rates

“The first thing I have to say is that we have a central bank that is autonomous and it is the best practice to make these decisions.  We may not…

Lecturers too deserve good pay

By Adebolu Arowolo It appears to me that the present labour dispute between the Federal Government and the Academic Staff Union of Universities is going to be longer than expected.…

Lecturers too deserve good pay

Lecturers too deserve good pay

Adebolu Arowolo 08171143579,  bolurowolo@yahoo.co.uk   It appears to me that the present labour dispute between the Federal Government and the Academic Staff Union of Universities is going to be longer…

Ogun must kick out cholera at once

Any outbreak of cholera anywhere in the world in this 21st Century should be rightly regarded as an unacceptable sign of backwardness and under-development. The water-borne disease was conquered and…

CBN’s unrelenting stranglehold on the economy!

CBN’s unrelenting stranglehold on the economy!

LES LEBA, 0817 002 3569, lesleba@gmail.com, lesleba@swiftng.com, lesleba@lesleba.com,   www.lesleba.com Lately, the Central Bank of Nigeria, in a two-page Press Release, laboured to corroborate the Finance Ministry’s earlier clarifications on “the meaning,…

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