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FG’s deficit shoots skyward by 128% to N3.6trn

FG’s deficit shoots skyward by 128% to N3.6trn

lAll revenue heads in huge decline —Budget OfficelSays measures are now in place for recoverylCurrent fiscal policy trajectory is unsustainable  — Analysts By Emeka Anaeto, Business Edior & Emma Ujah The fiscal operations of the Federal Government in the first quarter of 2022, Q1’22, has yielded a massive deficit of N3.55 trillion as revenue fall far below […]

Tasks before CJN Ariwoola

Tasks before CJN Ariwoola

The confirmation of Justice Olukayode Ariwoola as the new Chief Justice of Nigeria, CJN, by the Senate without intrigues or hitches is a sign that the Muhammadu Buhari government might be ready for the Judiciary to regain its autonomous footing. We recall the wars of nerves that the executive branch waged in ensuring the ouster […]

Forex scarcity: CBN and the fiscal policy monster

Forex scarcity: CBN and the fiscal policy monster

“Companies (and Government agencies), like people, tend to be at least, as sick as their secrets.”  —  T. Goss, R. Pascale, and A. Thos, Harvard Business Review, Nov-Dec 1993.   One of the cardinal mandates of the Central Bank of Nigeria, CBN, is monetary and exchange rate stability. Of late, the apex bank has found itself in […]