Insights

The presidential media spokesperson, Tolu Ogunlesi brought a communiqué to public knowledge in his tweet, “President #MBuhari has signed 16 laws amending the constitution into law.” “Another historical change: Due to the presidential assent, Nigerian states are now permitted to produce, transmit, and distribute power in national grid-served areas. This was prohibited before the modification. […]

The current inflation rate in Nigeria has sprung from 21.80 per cent to 21.91 per cent resulting from the despondent dilemma associated with the current cash crunch crisis. This change strikes Nigerians in unforeseen ways, and most affected are the traders, manufacturers and people in need of cash to manage daily operations. They enunciated that

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

Multiple branches have thrown their weight into the dilemma, blurring the line between institutions, and the naira note crisis shows no sign of slowing down. The federal government is composed of the Executive branch (President), the Judicial branch (Supreme Court), and the Legislative branch, each of which is responsible for its own prerogatives. In a

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

Yesterday, the government of the United Kingdom unveiled its new “Illegal Migration Bill” in parliament, which aims to stop illegal immigration and crack down on criminal organisations involved. Immigration reform was one of Rishi Sunak’s five pre-election pledges to the citizens of the United Kingdom. The United Kingdom experienced a record net increase of 504,000

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