People queue outside a bank in Lagos on February 22, 2023. Nigeria was hit with a scarcity of cash after the central bank began to swap old Naira notes for new bills.
Patrick Meinhardt / AFP
There are at least five errors that marred the currency redesign policy of the Central Bank of Nigeria, most of which could have been avoided.
Voters display their permanent voters card during the 2019 Presidential and National Assembly elections in Lagos.
Adekunle Ajayi/NurPhoto via Getty Images
Logistical challenges facing the 2023 elections remain huge given the number of political parties, the security environment and the number of contestants at various levels.
Things are not rosy for Nigerians as food prices keep rising.
Benson Ibeabuchi/AFP via Getty Images
South Africa has claimed back its status of the largest economy in Africa, toppling Nigeria, due to the appreciation of the rand. What’s prompted the movement?
How countries manage their currencies is now more critical than ever. Nigeria has followed in the footsteps of South Africa by opting for a free-floating exchange rate regime.
Wole Soyinka should rather galvanise like-minded Nigerians and demand that Nigeria’s looted treasury be returned.
Reuters/Akintunde Akinleye
Nigeria’s economy is indeed under severe strain but sub-Saharn Africa’s most populus nation won’t solve its economic problems via an emergency national confab.