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Rational Perspectives

Will Yuan swap strengthen naira rate?

Naira

IN May this year, Godwin Emefiele, the CBN Governor; formally, enthusiastically, confirmed the establishment of a currency deal between the Bank of China and its Nigeria counterpart; Emefiele, however also reported that the details and operational guidelines relating to the ¥15bn/N720bn swap would be announced later.

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Collegiate Presidency and National Harmony

THIS article was first published in June 2006 and has been republished, annually, since then on the Anniversaries of Democracy and Independence Day. However, its content has become increasingly relevant this year. Hopefully, this article will once more serve as a wake-up call to abort the inevitable dire consequences which will jeopardize our relationship as a nation, so as to forestall the inevitable frustration of the hope of our people for a better life.  I wish you Happy 2018 Democracy Day! Please read on.

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naira

Naira/Yuan swap: A significant Chinese footprint on Nigeria’s economy

CENTRAL Banks, the  world over, have responsibility for ensuring that a nation’s currency reserves are held in instruments, which would protect the value of income and savings.  Indeed, all CBN Governors have assured Nigerians of their recognition and awareness of this responsibility, but the actual spread of such holdings were never clearly defined, while the dollar remained the CBN’s choice currency”.

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Why higher crude oil prices won’t save Nigeria’s economy

Nigeria’s income from crude oil export has lately been boosted, fortuitously, by the unexpected rise in crude oil prices, beyond the 2017 budget benchmark of $44.5/barrel. This favourable outcome which is evidently buoyed by OPEC’s strategic supply management, should ordinarily be a blessing to our economy. Indeed, such optimism on oil price may also be sustained by the International Energy Agency’s January 2018 Oil Market Report, which projects oil price to remain between $60-$70/barrel this year.

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