In October 2022 the Central bank of Nigeria (CBN) announced the release of new bank notes effective from the December 15th, 2022 and a restriction of withdrawals: N500,000 for individuals and N5 million for corporations. Anyone holding the old bank notes had until the 31st of January to exchange them or deposit them into an […]
Nigerian Currency Transition in Disarray 2023 Read More »
In October 2022 the Central bank of Nigeria (CBN) announced the release of new bank notes for the following denominations N200, N500 and N1000. These measures were introduced, according to the CBN, to reduce cash in circulation and transition to a cashless society. There have been follow-up statements elaborating the reasons for the new notes:
A Wider Look At The Implementation Of The New Naira Notes 2023 Read More »
Foreign Policy Japan revises its military policies and rhetoric to increase its capabilities against a rising China. Japan will double its military spending up to two percent of GDP to bolster its self-defense and counterstrike capabilities. https://insiderpaper.com/japan-to-radically-overhaul-defence-policy-on-china-threats/?utm_source=substack&utm_medium=email Ukraine and the US are very close to finalizing a deal for the transfer of the Patriot
Daily Dispatch – December 14th 2022 Read More »