The world over, successful governments have explored the social welfare agenda as a veritable platform through which masses' support is guaranteed and sustained. History has shown that upheavals and insurrection are hardly conceived in milieux where social inclusion is the norm, rather than the exception. No doubt, progressive governments and leaders...
As you already know, the CBN has mandated all banks to loan out 60% of their deposits to businesses. To show their seriousness, they warned that banks that fail to meet up with this lending ratio will be fined 50% of their shortfall. most banks did not take this seriously...
Godwin Emefiele assumed office six years ago as the 10th indigenous Governor of the Central Bank of Nigeria (CBN) and while building on his predecessors’ achievements, he has by no comparison, brought novelties in Nigeria’s central banking operations to the admiration of even his acerbic critics. Despite coming into office when...
Considering that the agitation for the review of the CBN Act 2004 to strengthen its regulatory powers has now assumed a crescendo in public discourse, the current efforts of the Senate Committee on Banking, Insurance and Other Financial Institutions is better late than never. The existing CBN Act, promulgated in...
A lethal combination of disease, extreme climate events and economic crises is threatening the smallest and most vulnerable nations of the world. To tackle it, we must overhaul how we understand and address economic vulnerability. The COVID-19 pandemic has already triggered a massive global recession. Meanwhile, a record number of...
As nations embark on measures to mitigate the effects of the novel coronavirus, COVID-19 pandemic, on its populace and reset their economies, it is no longer news that the virus which the world is frantically seeking its cure is not leaving any time soon. The pandemic has also by virtue...
One of the main promises by Muhammadu Buhari while seeking the mandate of Nigerians to run our affairs as the President of the country, was strengthening national security and public safety. He made the promise, as many Nigerians may recollect, when the country was trying to contain the Boko Haram...
We usually shower oceans of praises on heroes of democracy of our country during special times. Today, designated as Democracy Day by the Federal Government, is likely to witness torrents of such encomiums for our heroes past and present. Unfortunately, this year’s democracy day is being celebrated amidst unprecedented degeneration...
In the last 21 years of democratic rule, Nigeria has made remarkable progress in capital market development. The menu of available asset classes has been expanded beyond equities and bonds to include Exchange Traded Funds with plans afoot to launch derivative products. Market infrastructure has been modernized and strengthened...
Rising from its meeting of 28th May 2020, the Monetary Policy Committee of the Central Bank of Nigeria put forward persuasive arguments to justify the decision to cut the Monetary Policy Rate by 100 basis points from 13.5% to 12.5%. Against the backdrop of the negative impact of the coronavirus...