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Buhari and the Solution to the Currency Quagmire, By Femi Pedro

Buhari and the Solution to the Currency Quagmire, By Femi Pedro

Our nation is currently submerged in a currency crisis. The value of our national currency is tumbling against the dollar on a daily basis, and our foreign exchange reserves continue to dwindle as a result of the continuous fall in the price of crude oil. In recent months, there has been a rigorous debate as to whether the devaluation of our currency is the answer to these problems, and what specific measures need to be put in place to stabilize our currency and prevent further damage to our fragile economy. As the debate rages on, the damage to the naira, the economy, and the psyche of our people has intensified. The Central Bank of Nigeria (CBN) appears to have lost significant control of the situation, and speculators, currency traffickers and perpetrators of arbitrage have seized the initiative in the parallel market.

Workers shut down PPPRA as another chief executive emerges

Workers shut down PPPRA as another chief executive emerges

Workers of the Petroleum Products Pricing Regulatory Agency, PPPRA, under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, yesterday, shut down the operations of the PPPRA nationwide over the appointment of another Acting Executive Secretary of the agency.

Boroffice, Abraham and the adoption of McCarthyism

Boroffice, Abraham and the adoption of McCarthyism

In recent times, the Ondo State chapter of the All Progressives Congress, APC, has been in the news for what I consider as unhealthy reason. It emanated from an unfortunate incident that took place at Iwaro Oka-Akoko in Akoko South West local government area of Ondo State on Tuesday, 9th February 2015.

Four feared dead as army, militants clash in Bori

Four feared dead as army, militants clash in Bori

About four persons were feared dead yesterday in Bori, headquaters of Gokhana local government area as soldiers allegedly engaged loyalists of an ex militant leader, Mr Solomon Ndigbara, aka Osama Bin Ladin in a shoot out.

We are down but not out – PDP ministers

We are down but not out – PDP ministers

The PDP Ministers Forum yesterday said though the People’s Democratic Party is presently down because it lost the 2015 elections, the party would bounce back again to reclaim its place of pride in the nation’s political landscape.

5 Snacks you can only find in Nigeria

5 Snacks you can only find in Nigeria

Nigeria is a haven for anyone seeking to explore gastronomic delights. Each community within the nation offers its own unique delicacies which you will find nowhere else – not even in restaurants! These food and snacks are different from rest of the world not only in taste but also in cooking methods as they reflect a perfect blend of cultures and histories.

Allegri expects goals, but would settle for Bayern draw

Allegri expects goals, but would settle for Bayern draw

Juventus coach Massimiliano Allegri expects goals galore but hinted he would settle for a scoreless draw against Bayern Munich in a mouthwatering first leg of their Champions League last 16 clash on Tuesday.

Arsenal v Barcelona factfile

Arsenal v Barcelona factfile

Factfile on Arsenal and Barcelona ahead of their Champions League last 16, first leg clash at the Emirates Stadium on Tuesday