“Defending the naira, from every indication is an elephant in some rooms. I will make this as clear as possible. It is not our intention to defend the naira. Much as I have read some opinions recently about what has happened in terms of our reserves being drawn down, the CBN defending the naira and […]
Cardoso’s cards, naira’s gain, enemies’ pain, By Abdulrahman Abdulraheem
I have bad news for these enemies of Nigeria: President Tinubu and Governor Cardoso will double down on their policies both on the fiscal and the monetary sides, and intensify the pain that bad people are going through right now. It is not out of any agenda or personal vendetta. It is for God and […]
CBN: Empowering Nigerian youths with financial literacy, By Abdulrahman Abdulraheem
In collaboration with the members of the Bankers’ Committee, the CBN, with the sole aim of inculcating the right financial habits and skills in children that would make them take the right decision that will enhance their financial well-being, has facilitated School Mentoring/Reach-out Programmes, such as the commemoration of the annual “Global Money Week,” which […]
CBN: Curbing corruption, inflation by Killing Ways and Means, By Abdulrahman Abdulraheem
“I am pleased to note the Fiscal Authorities’ efforts in discontinuing Ways and Means advances. This is also in compliance with Section (38) of the CBN Act (2007). The Bank is no longer at liberty to grant further Ways and Means advances to the Federal Government until the outstanding balance as of December 31, 2023, […]
Cardoso: Old headmaster, new taskmaster, By Abdulrahman Abdulraheem
There is no doubting the fact that some persons feed fat on the misfortune of the overwhelming majority of Nigerians and they will want the status quo to remain till eternity. But this Headmaster turned Taskmaster has proven to be more than a match for them. The apex bank’s collaboration with the ONSA and security […]
CBN and relocation plans: Much ado about nothing, By Abdulrahman Abdulraheem
But now, election is over and governance has to take centre stage. If the CBN governor says he wants to relocate some departments to Lagos to reform the apex bank, the President should not lift a finger to stop him. He should listen to Sanusi above who said political interference is the main reason CBN […]
CBN: Anchoring Tinubu’s anti-corruption mission with aggression, By Abdulrahman Abdulraheem
President Tinubu has by the actions of the past few weeks demonstrated that all the shenanigans and scandals that his predecessors allowed and turned a blind eye on will not happen under his watch. As far as the banking sector and the entire monetary side of the economy are concerned, the President obviously has a […]