Author Archives: Chief Oyibo

Is Nigeria moving to a two-tier FX regime?

Nigeria’s government has used a lower currency rate than its official central bank rate for petrol imports, the junior oil minister said on Monday, signalling what analysts believe could be a move towards a two-tier exchange rate regime. Emmanuel Ibe … read more

Jonathan goes into exile over EFCC

Former President Goodluck Jonathan may have gone into temporary self exile following reports that the Economic and Financial Crimes Commission (EFCC) may arrest him over allegations of corruption and misappropriation of billions of dollars in the five years during which … read more