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Northern Billionaires split biggest chunk of Jaiz Bank’s N4.91bn dividend
Nigeria’s premier non-interest financial institution, Jaiz Bank Plc recently got shareholders approval for a massive 57 percent increase in its dividend payout to 11 kobo per share following a stellar financial year 2025....
Nigerian leaders revel in squandermania as citizens sink
Sixty-four years after Independence, Nigerians are perplexed by the lavish lifestyles of the political elite in contrast to the daily struggles of the majority who eat from hand to mouth....
Editor | Oct 01, 2024
Learning from China and Vietnam: The limits of Nigeria’s currency devaluation
An industrial giant like China is highly strategic when it comes to macroeconomic decisions. China doesn’t follow trends or implement policies without assessing their long-term benefits....
Editor | Sep 30, 2024
Why CBN is losing battle to stabilise naira 
The Central Bank of Nigeria (CBN) appears to be losing the battle to stabilise the naira. The currency has remained just as volatile as ever, despite the apex bank’s efforts to find a lasting solution....
Editor | Sep 30, 2024
Cardoso lures foreign investors with historic OMO yields 
The Central Bank of Nigeria (CBN) on Thursday sold 364-day OMO bills — patronised by banks and offshore investors — at a yield of 32 percent, the highest since the apex bank began selling the bills. ...
Editor | Sep 26, 2024
Flood of cash, drought of growth: The consequences of unbalanced money supply
Nigeria is learning the hard way that when money supply is not able to match economic growth, there are consequences. Nigeria experienced a dramatic increase in money supply through the Central Bank of Nigeria (CBN) between 2015 and 2023....
Editor | Sep 26, 2024
Four economic implications of Nigeria’s latest interest rate hike 
The Central Bank of Nigeria (CBN) has again raised the benchmark interest rate by a half percentage point to 27.25 percent, marking the fifth consecutive rise despite slowing inflation....
Editor | Sep 25, 2024
Tumbling Naira Forces Surprise Rate Hike in Nigeria
The Central Bank of Nigeria (CBN) surprised the markets with its liquidity tightening on Tuesday, raising the monetary policy rate by 50 basis points (bps) and the cash reserve ratio by 200 bps....
Editor | Sep 25, 2024
Why Nigeria’s Economic Reform Plans Have Been All Bark No Bite
In Nigeria, the promise of economic reform has echoed through decades, from the Structural Adjustment Program (SAP) of the 1980s to the recent Renewed Hope Agenda. ...
Editor | Sep 24, 2024
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