Editorial Staff 
In September, we all looked forward to the launching of eNaira, Central Bank Digital Currency (CBDC) by Nigeria’s apex, but a few hours to the D-day, the CBN rescinded his decision about the launch. While everyone was eager about how the eNaira would help their businesses, the CBN didn’t give a reason for the postponement. … Read more
Summary: Every October 1 is a day set aside to celebrate Nigeria’s independence from its British colonial masters. As usual, the president came on national television to address Nigerians. Thankfully, no Nigerian is talking about whether it was pre-recorded, Nigerians are asking: Does the celebration worth it? In this analysis, we’re dissecting the 61st Independence … Read more
As the CBN Governor, Godwin Emefiele operated 593 foreign bank accounts, consented to the withdrawal of over $6 million from the Forex vault of the CBN, and stashed over £543 million in one of his accounts domiciled in the United Kingdom among other financial malfeasance levelled against him by the special investigator of his reign … Read more
Since the Central Bank of Nigeria came into full operation on July 1, 1959, the Director of Currency has always been male until August 30, 2018, when the energetic female banker Priscilla Ekwere Eleje broke that dominance. Eleje, a graduate of Psychology, became the first Nigerian female to become the Director of Currency at Nigeria’s … Read more
The depreciation of the Nigerian currency lately calls for worry, from N199/$1 at the time President Muhammadu Buhari and his APC-led government took over to N576/$1 at the time of publication, it would not be economically palatable for Godwin Emefiele, a successful GMD at Zenith Bank and a former finance lecturer, to leave behind a … Read more
One of the major non-oil exports that contributed largely to Nigeria’s GDP in the last 10 years is sesame seeds. Its cultivation is popular among Northern farmers in Jigawa, Benue, and more than 20 other growing states. Quick Facts: Local name: Beni-seeds Botanical Name: Sesamum Indicum 2012 output: 994,800 tonnes yearly 2020 output: 500,000 tonnes per annum … Read more
The latest forex middleweight wrestling between the Central Bank of Nigeria (CBN) and abokifx.com isn’t just dramatic but also shows how the inconsistent foreign exchange policies of Nigeria have created a system that benefited some people to the detriment of the Nigerian economy. Abokifx is a website that tracks foreign exchange rates both at the … Read more
One of the cabinet members of President Muhammadu Buhari with an intimidating profile is the Minister of the Federal Capital Territory, Alhaji Muhammed Musa Bello, a cool-header Yola-man, yet a result-driven The former banker who underwent banking training at one of the most reputable financial institutions in the world could simply be described as the … Read more
The Rivers state government is on the path of setting a precedence in the collection of Value Added Tax (VAT) law in Nigeria that could trigger a domino effect in the current demented federalism if the ruling of a High Court in the oil-rich state is upheld by an Appeal Court. Timeline: On August 10, … Read more
With $20 million in financing from the Islamic Corporation for the Development of the Private Sector (ICD) in 2018 and another $25million to support SMEs in September 2021, Jaiz Bank’s interest-free business loan products might be the choice of startups irrespective of religious sentiments in a few years. Founded by Alhaji Umar Mutallab in 2003, Jaiz … Read more