As Nigeria goes into another election year; the Central Bank of Nigeria (CBN) has taken up more than before to its responsibility. The reckless use of dollars by aspirants to sway delegates and the rising inflation are some of the problems the apex bank will battle with.
For Bismarck Rewane, Chief Operating Officer (COO) of Financial Derivatives Company (FDC), the night of the long knives is finally here.
“As Nigeria goes into election season, the long knives are out and the cloak and dagger business has gone into overdrive”, said Rewane said at the recent Lagos Business School (LBS) breakfast meeting.
He is worried that, the time lag between post-convention and election is long.
“This time around the lag between post-convention politics and election is dangerously long. The average cycle since 1999 was approximately 90 days. This time around it is likely to be 250 days.
“The time lag is long enough for…
