Monthly Archives: February 2015

The end of the dollar subsidy

The Central Bank this week announced the termination of its weekly retail Dutch auction window in an unanticipated move which left me all the more frustrated at our green tie loving Governor. Why? Only last week when quizzed about the likelihood of such a move, he defended the status quo stating that as an import […]

Excerpts from January 2015 CBN MPC

After what seemed like forever, the CBN released the minutes of the January 2015 MPC and as i suspected the committee’s decision was not as unanimous as it seemed to be then. I present the excerpt from the Professor Garba Abdul-Ganiyu – as ever another masterpiece. 6.0 GARBA, ABDUL-GANIYU I am still convinced that “far […]