Tag: #Inflation

Tinubulations of 2024

Tinubu to open food windows to tackle rising food costs

By Ademola Adeleye Amidst rising protests from Nigerians over the increasingly high cost of food prices in the country, President Bola Tinubu has promised to open the national food reserves to cushion the effects of the food crisis. Speaking on Wednesday, Mohammed Idris, Minister of Information and National Orientation, says ...

Emefiele And The Logs In His Eyes

Emefiele And The Logs In His Eyes

"Simply put, this current problem stems from the fact that Emefiele, CBN and the banks have shown lack of capacity! Simplicita! This same tardiness Emefiele has inflicted on forex and the multiple policy somersaults the portfolio has suffered. Everything about the Naira redesign is a bad policy implemented badly! Timing. ...

Hurray, the Naira is risen!

Hurray, the Naira is risen!

By Ademola Adeleye The Naira is sliding back from the land of the dead against the dollar at the parallel foreign exchange market following increased liquidity on Wednesday.  Operators of Bureaux De Change (BDC) operators, in Abuja said the naira is now N825 to a dollar. This is a marginal ...