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  • SIMON KOLAWOLE : Yuan Swap Deal; Sublime or ridiculous?

    SIMON KOLAWOLE : Yuan Swap Deal; Sublime or ridiculous?

    Watch out all you dollar hoarders: the Chinese yuan is coming for you. Many financial analysts think the dollar under your pillow may soon be worth less than the rate at which you bought it. They think you run the risk of vomiting most of what you have swallowed since the forex crisis started. With the yuan going to be directly available to Nigerians — effectively eliminating the “middleman” called dollar — it is safe to say the Central Bank of Nigeria (CBN) has made a bold move in its controversial management of the exchange rate crisis, a move that some analysts believe may ease the demand pressure on the dollar, even if the gains would only be marginal.





  • I Won’t Resign, Senate President, Bukola Saraki Says

    I Won’t Resign, Senate President, Bukola Saraki Says

    On Thursday, several activists, and other Nigerians openly called on the Senate President to resign. They were joined today by the TMG. PREMIUM TIMES had reported on Monday that Mr. Saraki failed to disclose four assets found to be in his wife’s name offshore, in violation of Nigeria’s code of conduct law.