Theophilus Abbah Increased monthly allocations to states and local governments: On May 29, 2023, after his inauguration as President, Tinubu’s first decision was the removal of fuel subsidy, a decision that previous presidents considered crucial but too sensitive to make. However, that singular statement has put a lot of money in the pockets of […]Continue Reading
By Jack Ree, IMF African Department The Central Bank of Nigeria (CBN) officially launched the “ eNaira”—a central bank digital currency (CBDC)—on October 25, 2021. This is the second CBDC fully open to the public after the Bahamas. Other countries and regions, such as China and the Eastern Caribbean Currency Union, have been conducting CBDC […]Continue Reading
President Muhammadu Buhari, recently appointed an Economist, Dr. Lamido Yuguda, as the Director-General of the Securities and Exchange Commission (SEC). This brings to an end, the 2-year long controversy surrounding the office of the DG, SEC. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a CFA charter holder, and also […]Continue Reading