Killing the poor & desperate with shylock rates
By Henry Boyo “Those Micro-finance banks that we have today, are not ‘giving’ loans at single-digit interest rates”; for example, “You borrow N50,000 for 90…
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Category: Rational Perspectives
The wrong way to defend the naira
By Henry Boyo THE Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the…
SKYE BANK: Lucky depositors, disgruntled investors and beguile public
By Henry Boyo THE business license of erstwhile Skye Bank Plc was summarily revoked last month (September 2018) by Godwin Emefiele, the CBN Governor. The…
Why higher oil prices cripple the economy
By Henry Boyo THE crash in the Naira exchange rate from N199=$1 in Dec. 2015 to almost N500=$1, by January 2016, was popularly attributed to…