By Bloomberg Ruth Olurounbi and Nduka Orjinmo Nigerian central bank Governor Olayemi Cardoso faces a critical test when he delivers his first interest-rate decision since taking office, with investors craving bold action amid public fury over the surging cost of living. The naira has plunged almost 70% against the dollar and inflation is near a three-decade high. As a … [Read more...] about Nigeria’s Central Bank Chief Faces Biggest Test Yet in Rate Call
Why Nigeria’s economy is in such a mess – BBC
Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger. The trade union umbrella group, the Nigeria Labour Congress (NLC), held protests in the main cities on Tuesday, calling for more action from the government. A litre of petrol costs more than three times what it did nine months ago, while the price of the … [Read more...] about Why Nigeria’s economy is in such a mess – BBC
Nigerian naira hits record black market low of 1,100 per dollar
Nigeria's naira hit a record low of 1,100 per dollar on the black market on Wednesday, online platform abokiFX showed, a day after the currency hit a new low on the official market due to persistent dollar shortages. The naira has been in freefall on the unofficial market, where it trades freely, which worsened after currency restrictions were lifted on the official market. The … [Read more...] about Nigerian naira hits record black market low of 1,100 per dollar
Oscars Award: Nigeria Submits Obasi’s ‘Mami Wata’ For Best International Feature Movie
By Melanie Goodfellow - DEADLINE Nigeria has submitted CJ Obasi’s Sundance title Mami Wata as its candidate for the Best International Feature Film in the 96th Academy Awards. Inspired by West African mermaid folklore and mythology, the black-and-white features stars Rita Edochie as a goddess facing waning influence in a remote struggling village. Uzoamaka Aniunoh stars … [Read more...] about Oscars Award: Nigeria Submits Obasi’s ‘Mami Wata’ For Best International Feature Movie
Hillary Clinton endorses Sheila Jackson Lee for Mayor of Houston
The former Democratic Party Candidate for presidency and former First Lady of America have endorsed Sheila Jackson Lee for mayor of Houston 2023. Clinton wrote on her verified social media page X : “I endorse and proudly support my friend, @SJacksonLee , to be the next mayor of Houston. Her relentless efforts in Congress prove she has the experience and vision to lead Houston … [Read more...] about Hillary Clinton endorses Sheila Jackson Lee for Mayor of Houston