The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), through which interest rate is measured, from 13 percent to 14 percent, explaining that the measure is to control rising inflation. MPR is the baseline interest rate in an economy, around which other interest rates in an economy revolves. Last month, Nigeria’s inflation rate reached a five-year high …

By Babatunde Obele Social trust is the underlying foundation of relationships among individuals, groups and other components of the society, including public institutions. Social trust also plays a strategic role in the evolution of nations. As observed by Aristotle, “human beings are by nature, social creatures’’, and societies are held together, in part, by their ability to come together around …

Opposition continues to mount against the interest of the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele in the 2023 presidential race on the platform of the ruling All Progressives Congress (APC). Apart from the court refusing to grant his request to restrain the Independent National Electoral Commission and the Attorney General of the Federation (AGF) from …

By Etim Etim In early March, I wrote an article titled ‘’Who is bankrolling Emefiele’s political campaigns?’’ In the piece I questioned the source of funding for the massive newspaper advertisements that were promoting the presidential campaign of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. I estimated that the adverts had already gulped over N100 million …