Vol 65 No 10 | NIGERIAEUROPEAN UNIONAFRICAMIGRATION Mystery surrounds Brussels migration deal with Abuja 1st May 2024 Abuja is silent after a top official at the EU says it has agreed to a migrant return scheme – without cash incentives Top officials at the European Commission say they have concluded talks on a migrant readmission and return agreement with Nigeria that could mark a breakthrough in Brussels-Abuja r...
DISPATCHES Vol 65 No 10 | NIGERIA Pay to get out, regulator tells oil and gas giants 8th May 2024 As multinationals retreat from the continent, Tinubu seems keen to offer incentives to domestic firms to take over their assets Nigeria's state petroleum authority has made an unusual offer to the oil and gas giants who now want to sell up their assets in Nigeria: quick approval for the divestment plans wil... READ FOR FREE
Vol 65 No 9 | NIGERIA Cardoso plans a brave new banking world 25th April 2024 Tough new capital requirements by the central bank will mean fewer but busier commercial banks An improbable revolutionary, central bank governor, Olayemi Michael Cardoso, could preside over the biggest shake-up of Nigeria's financial sector for decades. His announcement las...
Vol 65 No 8 | NIGERIA Oil broker James Ibori returns to Abuja stage 10th April 2024 President Tinubu's ties with convicted fraudster and ex-Delta State governor will boost the ruling party and may cut oil theft In Abuja, the story is of the rise and fall and rise again of James Ibori, former Governor of oil-rich Delta State, sentenced to 13 years in Britain for fraud and money laundering ...
Vol 65 No 8 | NIGERIA Abacha consigliere in storm over $11 billion superhighway linking Lagos and Calabar 5th April 2024 Minister confirms upfront payments to Hitech Construction on a no-bid contract for 'Africa's biggest road' The international rehabilitation of billionaire businessman Gilbert Chagoury had seemed complete. Convicted in Geneva for laundering money stolen by military leader Sani Abacha and...
DISPATCHES Vol 65 No 7 | NIGERIA Tinubu demands swift justice following soldier slaying 20th March 2024 The president has vowed to punish the 'cowardly offenders' A spate of murderous attacks and kidnappings is vying for President Bola Tinubu's attention alongside the continuing cost-of-living crisis. Over the last month in Kaduna state alon... READ FOR FREE
Vol 65 No 6 | NIGERIA Cost-of-living crisis forces government rethink 14th March 2024 Armed attacks and kidnappings, combined with food riots and looting, are putting President Tinubu and his inner circle under pressure The cost-of-living crisis is becoming the most serious political challenge facing President Bola Ahmed Tinubu's government a year after it was elected. Whether it is maladministrat...
Vol 65 No 5 | NIGERIA Spiralling prices imperil Tinubu’s reforms 29th February 2024 Facing political pushback and food riots, the government is rethinking its devaluation and subsidy cuts There was no hiding the desperation when Central Bank of Nigeria Governor Olayemi Cardoso announced on 27 February that interest rates would be hiked from 18.75% to 22.75%, the lar...
DISPATCHES Vol 65 No 5 | NIGERIA Slumping naira adds to pressure on Tinubu to change tack 21st February 2024 Government responds to critics with command economy tactics On 18 February, armed state security agents surrounded a foreign currency trader in Abuja accusing him of sabotage. For many Nigerians, it was a throwback to the military regime of... READ FOR FREE
Vol 65 No 4 | NIGERIA How the poor help the rich 15th February 2024 Top officials are accused of raiding a state-funded programme meant to offer desperately needed relief for struggling communities The detention of former Humanitarian Affairs Minister Sadiya Umar Farouq on 2 January on charges related to alleged fraud over US$38 million of public funds has led to a trail of d...
