Ogiemwonyi, a retired Investment Banker writes from Ikoyi, Lagos.
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow In recent years, the debate, around granting Tax waivers and Tax holidays to industrialists, has intensified. Some hold the view, that these policies, promote favouritism, and enrich a few individuals, to become stupendously rich, without giving them credit for what they have contributed […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Nigerian National Petroleum Company (NNPC), now NNPC Limited, is back in the news, announcing that it can no longer supply crude oil to local refineries like Dangote Petroleum Refinery because all its crude production is committed to forward sales. Additionally, reports indicate […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The urgent need for large-scale infrastructure development in Nigeria is undeniable. However, no budgetary allocation or borrowing strategy alone can adequately address this growing demand. Nigeria is at a crossroads—our population is booming, yet our infrastructure remains woefully inadequate. We need everything: roads, […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Recent headlines about non-availability of cash in ATMs and even banking halls, and the almost replacement of bank’s cash function, by Point of Sales, POS, Operators, is becoming a cause for concern, and creating crisis of confidence, in our banking system.The Central Bank […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The decision of the Central Bank of Nigeria (CBN) to allow Bureau De Change operators (the retail end of the FX market) to buy up to $25k on the official market (The EFEM widow) is a well thought out strategy, to moderate Naira […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow A national currency is one of the things that makes a country sovereign, it should be the pride of a Nation, its strength, purchasing power and therefore guarded with all …its acceptability of its legal tender (National Currency) is important, with vast economic […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The CBN admitted upfront, when they put out their intention of this policy, that they have lost control of the currency in circulation, with up-to 80% of the currency in circulation, outside the Banking system.For this writer, this was a good enough reason to […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The recent Central Bank of Nigeria‘s Monetary policy Committee‘s decision, to continue its hiking of interest rate, by another 100 basis points to 16.5% has elevated the debate on where the preference should lie. Inflation lowering is a core mandate for all central […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Of recent, the debate has been about the Central Bank of Nigeria’s (CBN) intention to redesign Nigeria’ s National currency, the Naira, and reprint the three largest denominations and calling in the old notes for cancellation. The debate, essentially, has been about whether […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The current Academic Staff Union of Universities ( ASUU ) strike in the last several months, has again d to the fore the need to examine the financing strategies for our public universities. The role of Eductation is so crucial to all development, […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The often loud claims of infrastructure development by the current government has not resonated well with the Nigerian public, because what has been delivered, is too little to cheer about, mainly because of the wrong financing strategy, with all the associated limitations. These […] More
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