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With 94% of Naira in Circulation Held Outside Banks, Nigeria’s Central Bank Will Continue...
The Central Bank of Nigeria has two key job descriptions, and they are to keep the Naira stable (or strengthened) by managing inflation, and...
Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms Unveils Key Highlights
The Nigeria's Presidential Committee on Fiscal Policy and Tax Reforms has produced its preliminary suggestions. Below are the key highlights of the Committee's proposal.
President...
Suspended Cybersecurity Levy Continues To Spark National Debate
President Bola Ahmed Tinubu has directed the Central Bank of Nigeria to suspend the implementation of the Cyber Security Levy. The decision was made...
SBM Intelligence Raises Concern That Binance Bribery Claim Could Deter Foreign Investment in Nigeria
SBM Intelligence, an Africa-focused market/security Intel gathering and strategic consulting firm, has expressed concern that Binance bribery claim could deter foreign investments in Nigeria.
In...
As Predicted in July 2023, Nigeria Reinstates Fuel Subsidy at Scale
On July 28, 2023, I wrote that “Nigeria will either pause the full floating of its currency or return back to fuel subsidy” because...