Abuja is struggling with slowing growth and spiralling debt demands, and a new plan to replace old banknotes looks set to create further chaos
Ahead of February's election Nigeria's economy is flagging. Usually, governments can rely on help from their supporters for a pre-election boost, but this time it is different. Real growth of Nigeria's oil and gas revenue-dependent economy has been meagre, slowed by the pandemic and corruption in the oil market. That is sinking the naira and driving up interest rates. Now, a new scheme could cause further confusion.
READ FOR FREE
Central Bank of Nigeria governor Emefiele insists that his interest rate hikes are controlling inflation but a new president will face greater challenges
The Central Bank of Nigeria's monetary policy committee (MPC) faces tough choices as the year-on-year inflation rate has reached 21%. Food price inflation is even higher, at 23.7%....
READ FOR FREE
The country's biggest union boss has launched a major attack on the president, but voter indifference is widespread
Tunisia's powerful trade union federation has launched its biggest public attack on President Kaïs Saïed's political and economic programme, publicly rejecting the polls planned for 17 December.