Nigeria’s Alarming Descent into Authoritarianism

Data Source: BusinessDay Newspaper As concerns, controversies grow…Nigerians shocked at Tinubu’s moves… In recent months, Nigeria has witnessed a troubling shift under President Bola Tinubu’s administration, sparking widespread concern about the rise of authoritarianism in Nigeria. As the country grapples with significant economic and political challenges, many Nigerians are questioning whether the government’s actions are…

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Nigeria’s FX Market Struggles to Regain Stability Amid CBN’s Dollar Intervention

Nigeria’s FX market struggles continue as the Central Bank of Nigeria’s (CBN) latest effort to stabilize the naira has fallen short of expectations. On August 6, 2024, under the new governor, Olayemi Cardoso, the CBN injected a record $815 million directly into businesses, marking the largest single-day intervention in recent history. Despite this significant move,…

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