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“The man is in the hands of the authorities. Something is being done about that. They will sort themselves out.The financial system was rotten. Few people were making away with our money…that is gone now; the man (Emefiele) is in the hands of the authorities,”-President Bola Ahmed Tinubu The extant grooming of the Nigerian public […]
Continue ReadingThe Batá is a Yoruba drum that is in a class of its own. It used to be highly venerated in social and political circles as its percussion impacted virtually all spheres of life. It is a double-faced drum shaped by its crafters to look like an hourglass, with one end of it bigger than […]
Continue ReadingIn the end, we realise that nothing really belongs to us; not power, not life. Power is fragile; it can also be deadly. It shares properties with candle flames. I take this idea from Brandon Sanderson, author of ‘The Way of Kings.’ Sanderson thinks the lives of men are as brittle and lethal as candle […]
Continue ReadingGovernments of Kaduna, Kogi and Zamfara States have filed a contempt proceeding against the Attorney General of the Federation (AGF), Abubakar Malami SAN and the Governor of Central Bank of Nigeria (CBN) Godwin Emefiele for their alleged failure to comply with the Supreme Court order extending the deadline for the use of old N200, N500 […]
Continue ReadingA High Court of the Federal Capital Territory, Abuja, Nigeria, has restrained the President, Muhammadu Buhari, CBN, its Governor Godwin Emefiele and 27 commercial banks from suspending, stopping, extending or interfering with the currency swap terminal date. The order was handed down on Monday by Justice E. Enenche following an application by four political parties. […]
Continue ReadingGodwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has appeared before the house of representatives ad hoc committee investigating the redesign and swap policy of some Naira notes. Last week, the Speaker of the House of Representatives, Femi Gbajabiamila, had threatened to invoke the provisions of section 89(1)(d) of the Constitution by […]
Continue ReadingNigerian president, Muhammadu Buhari, on Saturday, reiterated his earlier position that there was no going back on the naira redesign project and ruled out the extension of the January 31 deadline for the old N1,000, N500 and N200 to cease from being legal tender. The President’s position was supported by the Central Bank of Nigeria, […]
Continue ReadingAt some point later today, January 24, the Governor of the Central Bank of Nigeria, Godwin Emefiele is bound to be back in the news as the CBN’s Monetary Policy Committee (MPC) concludes its 289th meeting and offers its position on the future direction of the country’s macro-economic environment. Would the CBN adopt a further […]
Continue ReadingAs the melee I describe as the Godwin Emefiele malady gains traction, one anecdote that seems to capture it can be found in the song of late Ibadan, Oyo State-born Yoruba Awurebe music maestro, Alhaji Dauda Epo Akara. The malady is unexampled for its cunning. In it, Central Bank of Nigeria (CBN) governor, Emefiele, seeks […]
Continue ReadingOn Sunday, April 3, the creme de la creme of the Nigerian society gathered to celebrate the 90th birthday of Lady Doja Otedola, mother of billionaire businessman, Femi Otedola. The celebration had in attendance former Nigerian president, Olusegun Obasanjo; Nigerian Vice president, Prof Yemi Osinbajo; Governor Babajide Sanwo-Olu of Lagos state, Governor Godwin Obaseki of […]
Continue ReadingThe Central Bank of Nigeria has revealed that it would stop the sale of foreign exchange to Deposit Money Banks by the end of the year. According to the CBN Governor, Godwin Emefiele, banks must begin to source their forex from export proceeds, hence the need to support non-oil exporters in the country. He pointed […]
Continue ReadingThe press conference where the Central Bank of Nigeria Governor, Godwin Emefiele, castigated abokifx.com was painfully pathetic. For a banker and economist, he was long on allegations and emotionalism and short on actual substance. Even though he stated that the information he had were “preliminary findings,” it was still woefully inchoate. Nothing he alleged translated into a […]
Continue ReadingJudas Iscariot was a whistleblower. He snitched on Christ. He was an insider in Jesus Ministry. In fact, he was the treasurer, but a thief, stealing from the common-wealth. He was also treacherous and cheap. For 30 pieces of silver, he threw eternity away. Redemption was too late for him. He committed suicide on the […]
Continue ReadingThere comes a time that the nation, Nigeria, must get it right in the synergy of policy, between fiscal regulations and management of monetary balances, to ensure that the best economic indices are maintained for growth and development. The time appears to have come within the border closure strategem. The Central Bank of Nigeria is […]
Continue ReadingAmerican RnB star singer, Toni Braxton who is currently in Nigeria, has said everything in the country looks so beautiful. Maybe she is right. Toni Braxton, while singing and entertaining guests to celebrate Obaigbena’s birthday, was in the midst of those who hold the destiny of Nigeria at the moment. In fact, she was able to […]
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