Author name: Michael Antonorsi

A Crude Trade   Nigeria is an oil-rich country and the most populous state in the Organization of Petroleum Exporting Countries (OPEC) cartel. According to OPEC data (2021), Nigeria produces 1,323,000 barrels of crude oil per day (b/d) and exports 1,592,000 b/d. Based on this data, Nigeria is dwindling its crude oil stockpiles by 269,000 […]

In the 17th century, the Kingdom of Benin, which is now the Nigerian state of Edo, was both militarily powerful and artistically thriving. Benin city was the kingdom’s capital and residence of the Oba (king) and his royal palace and court. At the time, a Dutch explorer described the royal palace as “so vast that there

Amina Jane Mohammed: She has been deputy secretary general of Nigeria to the UN since 2017. She is also Chair of the United Nations Sustainable Development Group. She is an accomplished woman who has also served as National Commissioner and Human Rights Commission of Nigeria from 2005-2007. Her career choices prioritise development and people, setting

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

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:

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

The Nigerian government in Lagos was the first African country to launch a digital currency (eNaira) October 25, 2021. The central bank of Nigeria (CBN) has since imposed new cash withdrawals limits on individuals and businesses, N100,000 and N500,000 respectively, to promote the adoption of the digital currency. These new cash withdrawal limits take effect