• Nigeria Has $51.7 Billion in Reserves. Why Is the Naira Still Making Plans Expensive?

    Nigeria Has $51.7 Billion in Reserves. Why Is the Naira Still Making Plans Expensive?

    In Nigeria, the dollar is not foreign. It is hiding inside almost every local price. It is in the cost of medicines and machinery. It is in a retailer’s next shipment, an airline’s maintenance bill, a parent’s school-fee calculation and the phone a young worker has been saving to buy. Even businesses that sell only…

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Markets & Money

  • Nigeria Has $51.7 Billion in Reserves. Why Is the Naira Still Making Plans Expensive?
    Nigeria Has $51.7 Billion in Reserves. Why Is the Naira Still Making Plans Expensive?

    In Nigeria, the dollar is not foreign. It is hiding inside almost every local price. It is in the cost of medicines and…

  • Jim Ovia’s Property Bet Is a Quiet Signal About Where Nigerian Money Is Going
    Jim Ovia’s Property Bet Is a Quiet Signal About Where Nigerian Money Is Going

    When a man who built one of Nigeria’s biggest banking fortunes says buildings pay better than banks, he is saying something larger about…

  • The CBN Says Inflation Is Delayed. Nigerian Businesses Are Paying for the Wait
    The CBN Says Inflation Is Delayed. Nigerian Businesses Are Paying for the Wait

    The CBN is asking Nigerians to wait for relief while making the wait more expensive. That is the uncomfortable message inside the decision…

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