Justice, Integrity, and Vigilance

The Central Bank of Nigeria (CBN) has decided to retain the Monetary Policy Rate (MPR) at 27.5%, a move that reflects the bank's cautious approach to monetary management. This decision was made during the 300th Monetary Policy Committee (MPC) meeting, where all 12 members voted unanimously to maintain the current policy rates. Key Highlights - *Monetary Policy Rate (MPR)*: Retained at 27.5% to maintain price stability and support economic recovery. - *Asymmetric Corridor*: Maintained at +500/-100 basis points around the MPR to ensure liquidity management. - *Cash Reserve Ratio (CRR)*: Held at 50% for Deposit Money Banks and 16% for Merchant Banks to control liquidity. - *Liquidity Ratio*: Left unchanged at 30% to ensure banks' liquidity and stability. Expert Analysis Industry experts had predicted the CBN's decision to retain the MPR at 27.5%. According to Olaitan S. Sunday, Managing Director of Rostrum Investment & Securities Ltd, "Holding the MPR at 27.5% will co...

  In a momentous occasion that signifies a new chapter in federal-state cooperation, President Bola Ahmed Tinubu, GCFR, unlike his predecessor, is set to visit Anambra State on Thursday, May 8, 2025. Anambra represents a lot to the South Easterners. Hence, this visit is unlike any other. I am elated to join Mr. Governor and the good people of Anambra State in welcoming the President to the State. Mr. President, you and your powerful entourage are most welcome to Anambra.  This landmark event not only underscores the your commitment to the Southeast region's progress but also highlights the spirit of collaboration between the federal government and Governor Charles Chukwuma Soludo's administration President Tinubu's leadership style is a beacon of hope for a brighter future. His willingness to transcend partisan lines and build an inclusive government is a testament to his dedication to national unity. The appointments of Lady Bianca Ojukwu as Minister of State for Foreign A...

  Hakama Sidi is not a new name in public communication . She is good at her job and that has attracted her several honors and recognition . Under her watch she has ensured CBN's policies are well communicated and timely, too. testament to her outstanding work in public communication, Hakama Sidi-Ali, spokesperson for the Central Bank of Nigeria (CBN), has been recognized as the Outstanding Spokesperson (Banking Sector) for the second consecutive year at the 2025 National Spokespersons Awards. The prestigious ceremony, held at the Abuja Intercontinental Hotel, celebrated innovation and professionalism in public communication across Nigeria's public and private sectors. The reward of good work is more work . Sidi-Ali's award is a reflection of her proactive communication strategies and dedication to bridging the gap between the CBN and the Nigerian public. Her effective handling of misinformation regarding potential new banknotes and adept communication during Nigeria-US ta...

Email: totalpolitics@ymail.com Tel: 08034747898  ‘’Monetary policy is like juggling six balls. It is not an interest rate up. There is an interest rate down. There is the exchange rate, there are long-term yields, there are short-term yields, and there is credit growth’’. -Raghuram Rajan When Olayemi Cardoso was first appointed the Central Bank Governor, many greeted his appointment with scepticism. The questions weren’t about his credentials and career path as a former banker and public officer. After all the immediate past governor that he succeeded was a Havard alumnus. The questions were if he could do the job and restore confidence in the monetary policy. Given his calm look; does he have the nerve to implement tough policies, checkmate the abuse of bankers' forum, restore discipline in the ways and means, stabilize the Naira, and halt the runaway – inflation that was biting hard on the citizens and still biting? His appointment came at a time when the Central Bank of Nigeria ...

The Central Bank of Nigeria's (CBN) decision to issue Treasury bills worth N550Bn is a crucial monetary policy tool aimed at managing inflation, stabilizing the exchange rate, and influencing interest rates. The impact of this issuance on Nigeria's economic outlook is multifaceted. The CBN's issuance of Treasury bills is expected to help combat inflation, which has been a persistent challenge for the Nigerian economy. By absorbing excess liquidity from the financial system, the CBN can reduce the money supply and curb inflationary pressures .  However, the effectiveness of this strategy depends on various factors, including the level of economic activity, the exchange rate, and the overall monetary policy stance. The issuance of the proposed Treasury bills will also influence interest rates in the economy. By issuing bills with attractive yields, the CBN can increase the cost of borrowing for banks and other financial institutions, which in turn can lead to higher lending ...

  Totalpolitics@ymail.com  Tel: 08034747898 A strong and stable Naira is crucial to economic growth , development and National Security.   The questions are : What must CBN do to make the Naira strong and stable .  To nsure the Naira remains stable and potentially regains its value, the Central Bank of Nigeria (CBN) should consider the following measures: 1. *Maintain a stable monetary policy*: The CBN should continue to implement a stable monetary policy framework, focusing on price stability and low inflation. This will help to maintain investor confidence and reduce the pressure on the Naira. 2. *Manage foreign exchange effectively*: The CBN should continue to manage the foreign exchange market effectively, ensuring that there is sufficient liquidity to meet the demands of importers and investors. This can be achieved through a combination of interventions in the foreign exchange market and the use of monetary policy tools. 3. *Promote exports and reduce impo...

Email: totalpolitics@ymail.com If I am to call the 2023 election at this hour, based on the configuration of traditional Nigerian politics, I will call it for Waziri Atiku Abubakar, yet this is one election that I am hesitant to call now because from my perspective, it’s a  tight race and thus far everything remains fluid.    The Peter Obi surge is real, not relenting and cannot be dismissed with a wave of hand. If there will be element of surprises, it will be PO winning  25% votes across the required states, as well as  the popular votes. Given the organic population of his followership this may be difficult but not an impossible task.   Another shocker that may be experiences will be Bola Ahmed Tinubu in-spite  of the word war in APC emerging a clear winner in the election that he is projected to loss. I don’t know any Nigerian that is not angry with APCs destruction of the country. Everyone I know wants the party out.   It’s extremely difficul...

I feel honored dedicating these few words of tribute in honor of my greatest and most amazing friend of all times,  Debora Ronke Apampa who on February 4th,   2023 added another year to her age .   Sharing your amazing story with the world is for me irresistible. Your life is a gospel. If there’s anyone who have seen the Lord’s goodness, mercy, love and compassion, that one person is you.  I consider your life journey so far to be inspiring, hence I feel honored to join Kissi, your immediate family, adopted children, millions of friends around the world to wish you love, hope and everlasting joy and happiness as you celebrate God’s gift of life and good health.  For starters, what attracted me to DR isn’t just her personality. Of-course everyone that knew her knows she is absolutely gorgeous, a decent brand, a stunning beauty and brain all rolled in one. Standing at a great height of 6ft tall, she is elegant, beautiful with dreamy eyes, a joy to behold...

Though I listed  the phone number on my page as SMS only,  yet some readers will not heed to the notice. They would rather call to engage in word war. Over the years as a political writer, I have learnt  to be patient with my readers and their reactions. Reason being; if, they will spend their money to buy the paper because of my column and patiently read through every single line of what I have written, I must also be a patient listener to those that summoned the courage to call me rather than SMS.  No matter how tortuous the word war might be , I have learnt not to be irritated. From our disagreements, I have  learnt a lot and also used the opportunity to clarify myself on some issues. It’s not every time that one is right.     Last week, one of my regular readers called to find out why I am not noisy about the 2023 election. He went on to speak on how both PDP and APC ruined the country. He spoke about his new political preference and what he c...

  Senator Rabiu Musa Kwankwaso, the presidential candidate of NNPP, is obviously hungry for Mr. Peter Obi, the presidential candidate of Labour Party, to run with him as the VP in a joint ticket. Kwankwaso knows that such a ticket would prove formidable against APC and PDP.  But he is going about it with so much crass arrogance. Which is a pity really. And an indication that there's no one giving him a good counsel on this particular subject. I suspect that, like for most Nigerian big-time politicians, there's no one around Sen. Kwankwaso that has enough guts to speak to him from time to time, helping him to moderate (and to improve) his public speeches and his body language in general.  Dr. Rabiu Kwankwaso boasts of having far more credentials in holding elected and appointed leadership positions than Obi; which is true. But, pray, which genuinely confident man or woman brags about him or herself? Such boasting already cheapens Kwankwaso, making him a laughing stock. I g...