JOY NGURI

On Friday, 5th February 2021, the CBN pronounced the ban on cryptocurrency operation in any form in Nigeria’s financial system as illegal and banned it. It could be recalled that the CBN had on two occasions in 2017 and 2018 warned that…

Current youth unemployment figure in Nigeria is estimated at about 17.1 per cent of the 206 million population. This data are estimates from the International Labour Organization, ILO, an agency of the United Nations that is saddled with…

JOY NGURI The recent outburst by the Nigeria Economic Summit Group against the Central Bank of Nigeria (CBN) did not come to me as a surprise. Indeed, it was long expected. The concern expressed in the press release entitled “Matters of…

JOY NGURI Considering that the agitation for the review of the CBN Act 2004 to strengthen its regulatory powers has now assumed a crescendo in public discourse, the current efforts of the Senate Committee on Banking, Insurance and Other…

By JOY NGURI A recent statement made by the Nigeria Finance Minister, Mrs. Zeinab Ahmed, on Politics Today on Channels Television few days ago that if the current Coronavirus pandemic, CONVID-19, is prolonged in containing,…

BY JOY NGURI He came into office in 2014 when commodity prices globally collapsed. International prices of crude oil, Nigeria’s economic mainstay, crashed to $27p/b. Other global exogenous factors had exposed how weak the economy was. The…

By: JOY NGURI International Monetary Fund’s (IMF) recent downgrade of its earlier growth projection for Nigeria in 2020 from 2.5 percent to 2 percent did not come as a shock, though some analysts have expressed surprise. The Fund on…