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1 – 10 of 450The new regulations respond in part to the naira’s recent devaluation and depreciation, which have substantially shrunk domestic banking capital in dollar terms. It is the first…
This is up from nearly 19 million people in 2023. The crisis has worsened in recent weeks with major food and cost-of-living protests erupting across several states, as well as…
NIGERIA: Food price regulations may face obstacles
Cardoso has promised to prosecute any entities involved in making fraudulent claims. The Deloitte audit is one of three concurrent investigations into the bank’s management under…
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DOI: 10.1108/OXAN-DB285419
ISSN: 2633-304X
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The budget is built on unduly optimistic assumptions. Meanwhile, the Central Bank of Nigeria (CBN) is seeking loans to help clear foreign exchange (forex) backlogs while…
Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…
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DOI: 10.1108/OXAN-DB284069
ISSN: 2633-304X
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NIGERIA: Corruption inquiry may presage negotiations
Cardoso replaces former Governor Godwin Emefiele, who is currently facing corruption charges. The Senate also confirmed four deputy governors, making it the first time in the…
Finance Minister Wale Edun on October 23 announced that a major inflow of USD10bn was expected in the coming weeks to ease liquidity in the foreign exchange market. The…
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DOI: 10.1108/OXAN-DB283588
ISSN: 2633-304X
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This period was marked by two dramatic policy moves: the removal of a costly fuel subsidy and a major devaluation of the naira. Both moves are crucial for reforming Nigeria’s…