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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…
Latest Business Stories
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Lagos signs MoU for underwater pipeline to bring potable water to Lekki
Lagos Signs MoU for Underwater Pipeline to Deliver Potable Water to Lekki Lagos State is taking a significant step to address its chronic water supply challenges by signing a memorandum…
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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 where money feels safest. Jim Ovia’s reported…
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Jim Ovia says real estate more profitable than banking
Jim Ovia’s Real Estate Pivot Signals a Shift in Nigeria’s Profit Landscape Jim Ovia, founder and largest individual shareholder of Zenith Bank Plc, has announced a strategic pivot to focus…
Markets & Money
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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
When a man who built one of Nigeria’s biggest banking fortunes says buildings pay better than banks, he is saying something larger about…
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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…
Startups & Companies
Policy & Africa
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Lagos signs MoU for underwater pipeline to bring potable water to Lekki
Lagos Signs MoU for Underwater Pipeline to Deliver Potable Water to Lekki Lagos State is taking a significant step to address its chronic water supply challenges…
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How Policy Decisions Shape Small Business Survival in Nigeria
Policy decisions dictate the razor-thin margin between survival and collapse for small businesses in Nigeria. Radical macroeconomic shifts specifically the permanent removal of fuel subsidies and…
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