Governance
For four years, the Federation Account got less than it was owed. A forensic audit is now trying to count what’s missing. Nigeria’s states have been receiving less than their constitutional share of oil revenue since 2021. Not because of leakage. Not...
Economy
The currency slipped again in early trading. This is the part of the pattern that keeps repeating. The naira weakened again in early Monday trading, widening the gap between official and parallel market rates after a brief period of relative stability. Dollar...
Uncategorized
What happened in AMAC on Saturday was legal. It was also completely legible. You want to understand how political power actually works in Nigeria? Look at AMAC. Before Saturday’s election, the PDP’s own AMAC chairmanship candidate stepped down publicly in...
Economy
The official removal happened in 2023. The pressure never did. The petrol subsidy was removed in May 2023. That’s the official story. Independent fuel marketers are telling a different one. This week, marketers warned that subsidy arrears and FX volatility are...
Economy
Next week, the Central Bank has to choose between two numbers pointing in different directions. The CBN’s Monetary Policy Committee meets next week. On paper, the case for a rate cut has never looked better. Food inflation came in at 8.89% in January, the first...