Economy
The Naira is officially stable. The parallel market disagrees by ₦73 per dollar. The official rate this week is ₦1,357 per dollar. The parallel market rate is ₦1,410 to ₦1,430. That gap is ₦73. That’s roughly 8% above the official figure. If you’re...
Economy
The Philippines can’t refuel abroad. Nigeria’s airfares are heading to ₦240,000. The President of the Philippines told Bloomberg on Tuesday that several countries have told Philippine airlines they can’t refuel their aircraft at destination...
Diaspora
NIMC is scaling up in the UK right now. Here’s why that matters. The National Identity Management Commission announced this month that it’s using the Windsor visit as a platform to scale up diaspora NIN enrolment in the UK. That sounds...
The Lens
₦900 TO ₦2,500. What the figure does not say. Jet A1 aviation fuel more than doubled in 30 days. The number isn’t the Iran war. It’s the architecture. Before February 28, Jet A1 aviation fuel sold for ₦900 to ₦995 per litre at Nigerian airports. This week...
Archive
1. THE HANDSHAKE AND THE HANDCUFFS Nigeria signed a £746m UK ports deal and a deportation agreement in the same room on the same day, with British Steel taking £236m in contracts while Nigeria removed the passport requirement that had slowed the removal of nearly...