Tag: Bismarck Rewane

“Naira has strengthened, economy leaping out of crisis” — Rewane 

Aminu Imam
Rewane

Renowned economist and Chief Executive Officer of Financial Derivatives, Bismark Rewane, says Nigeria’s currency has stabilized. Rewane, who spoke during an interview on a television programme on Thursday, said the strength of the naira in the last months is due the Central Bank of Nigeria (CBN)’s monetary framework and transparency in the country’s foreign exchange market. Rewane noted that everyone seems to agree that the Nigeria’s economy is leaping its way out of crisis. “The currency is strengthened because of the discipline in the monetary policy framework and explicit inflation…

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“Civil servants buy 50kg rice at N40,000, resell at N85,000” Rewane

Aminu Imam
Rewane on rice

A popular economist and the Executive Director of Financial Derivatives, Bismarck Rewane, has alleged that some civil servants bought 50kg bags of rice at N40,000 and resold it at N85,000. Rewane disclosed this during an interview on a television programme on Thursday. According to him, the price of rice which he described as a Parallel market increased by 3.62 percent to N85,000 from N83,000 despite the governments subsidized price of N40,000. Our team went into the market Yesterday(Wednesday), The price of rice coincidentally went up by 3.62 percent to N85,000.…

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First anniversary: ‘Ghana now richer than Nigeria’ Bismarck Rewane

Aminu Imam
Bismarck Rewane

The Managing Director/Chief Executive Officer of Financial Derivatives Company Ltd, Bismarck Rewane said Ghana is now richer than Nigeria. Rewane, who disclosed this in an interview on a television programme yesterday, said Nigeria has fallen from the 32nd largest economy in the world to 42nd. The renowned economist added that in Africa, the nation has also descended from its 1st ranking to 4th in terms of wealth management and accumulation. Rewane, who noted that Ghana has also overtaken Nigeria, said, In the past, we were always richer than Ghana, now…

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Nigerians bothered about rising food prices, not budget – Rewane

Aminu Imam

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Bismarck Rewane, has said that Nigerians are more concerned about the rising food prices and less bothered about the 2024 Budget. According to Rewane, many Nigerians are less interested in the details of the 2024 budget recently presented to the National Assembly by President Bola Tinubu but more worried that the rising food prices are making life difficult for them. Speaking during a television programme yesterday, the respected economist said, In the end, budgetary arithmetic, budgetary mathematics in economics…

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