Vol 64 No 12 | NIGERIA Tinubu tries shock therapy on sluggish economy 8th June 2023 Ending subsidies, selling oil assets and devaluing the naira are on the agenda as the new government goes for growth Proclaiming the end of fuel subsidies at his inauguration on 29 May and his intention to merge the multiple exchange rates for the beleaguered naira, President Bola Tinubu... READ FOR FREE
Vol 64 No 12 | NIGERIA When – not if – Emefiele leaves the bank 8th June 2023 The central bank governor's days appear to be numbered as President Tinubu changes economic tack – and lines up a handy scapegoat Making clear his position on Central Bank of Nigeria Governor Godwin Emefiele's future, President Bola Tinubu announced the bank needed 'house-cleaning' in his inaugural speech on 29 May....
Vol 64 No 12 | NIGERIA Ending fuel subsidies, Tinubu takes on traders and the unions 7th June 2023 The new government has to forestall the threat of hyper-inflation and the economy slipping back into recession Within hours of President Bola Ahmed Tinubu proclaiming 'the end of fuel subsidies' at his inauguration on 29 May, the pump price for gasoline had almost tripled at...
Vol 64 No 12 | NIGERIA Shell holds up clean-up payments in graft row 26th May 2023 Sacked director of Ogoniland project spells out corruption concerns in rebuke to environment ministry Shell is withholding payments towards the Ogoniland clean-up until it sees a full accounting for the disputed contracts issued to date, Africa Confidential has learned from sources in... READ FOR FREE
DISPATCHES Vol 64 No 12 | NIGERIA New President Tinubu ends fuel subsidy and lambasts central bank in inaugural speech 1st June 2023 The new government sets out tough market-oriented policies on exchange rates and subsidies but questions loom over implementation Peppering his inaugural speech on 29 May with promises of big economic changes, Nigeria's new President Bola Tinubu skirted questions about his health, the legitimacy of his election... READ FOR FREE
Vol 64 No 11 | NIGERIA Tinubu struggles to control the Assembly 25th May 2023 The incoming President's feted dealmaking skills will be tested in the courts and in the legislature Ahead of the scheduled 29 May inauguration of President-elect Bola Tinubu, there are two key procedural hurdles: he has to resolve the fight over the leadership of both...
DISPATCHES Vol 64 No 11 | NIGERIA President Buhari opens Africa's biggest industrial project 23rd May 2023 Production and pricing questions haunt launch of Dangote's $20 billion refinery complex Plagued by logistical obstacles, the pandemic and doubts about the future of Nigeria's fossil fuel industry, Aliko Dangote's mega fertiliser, petrochemical and oil refinery complex is still a... READ FOR FREE
Vol 64 No 11 | NIGERIA Bayelsa commission reports 25th May 2023 The Bayelsa State Oil and Environmental Commission (BSOEC) launched its much-anticipated report on 60 years' worth of oil pollution in the state, where local companies now produce about...
Vol 64 No 10 | NIGERIA Minister sacks oil clean-up boss as graft fears grow 9th May 2023 The removal of the head of HYPREP is the latest effort to clear resistance to wholesale plunder of the $1 billion Delta anti-pollution programme The head of the government agency charged with cleaning up decades of oil pollution by Shell in Ogoniland, Ferdinand Giadom, was summarily sacked without cause by President Muhammadu... READ FOR FREE
Vol 64 No 10 | NIGERIA Money and politics delay the latest headcount plan 5th May 2023 Facing rows over resources and state finances, the new government isn't prioritising the census Postponing the planned national census due to run from 3 to 7 May is the latest policy decision by the outgoing administration of President Muhammadu Buhari to be...