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CBN’s Weird, Murderous Economic Theory

By Yusuf Ozi-Usman Yusuf Ozi-Usman Faced with economic crisis, the Central Bank of Nigeria (CBN) appears to be leading Nigeria down the economic precipice, with it’s strange devaluation of Nigeria’s currency, the Naira, against the US Dollar. CBN Governor, Godwin Emefiele, who spoke to newsmen after a meeting of the Monetary Policy Committee on Tuesday, announced that Naira has been devalued by N13. He said that the Naira devaluation is part of efforts to strengthen the nation’s economy, adding that under the new arrangement, the Naira would now exchange for N168 instead of the old official rate of N155 to one US dollar. While the end users of the economy like me were thrown off balance and the financial experts are putting their thoughts together on how to handle the situation, the deputy governor of the same CBN, Dr. Joseph Nnanna countered that CBN did not devalued naira but merely announced a new exchange rate in compliance with market forces. “The CBN,” N

Jonathan will sign disability bill into law – Abatemi-Usman

The Vice Chairman, Senate Committee on Niger Delta Affairs, Senator Nurudeen Abatemi-Usman has expressed confidence that President Goodluck Ebele Jonathan will this time around sign into law the disability bill which has been passed by the two arms of the seventh National Assembly. Abatemi-Usman gave the assurance in a statement issued in Abuja by Michael Jegede, his Special Assistant on media and publicity, to salute the courage of persons living with disabilities all over the world on this special day (December 3), set aside to celebrate them and seek support for their rights, dignity and welfare. The Senator who sponsored the Senate version of the disability bill, said President Jonathan has shown much concern about the wellbeing of the disabled people, noting that he is optimistic he (Jonathan) would have no option other than to give his assent to the bill, for what it holds for the over 22 million Nigerians living with one form of disability or the other. He observed that it ha