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Surging inflation, a volatile and depreciating currency, rampant insecurity and electricity shortages are driving US and European multinationals out of Nigeria. But where they see adversity, Asian firms and local companies see opportunity. Singapore’s Tolaram last week took control of Guinness Nigeria from the UK’s Diageo, while Turkey’s Hayat Kimya and Nigeria’s Fouani Group have stepped …
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Workers protest in Abuja on Feb. 27.Photographer: Kola Sulaimon/AFP/Getty Images Nigerian President Bola Tinubu is facing a fresh challenge to his attempts to rein in runaway inflation and get the unruly economy back on track. Labor unions are demanding that the minimum monthly wage of about $20 be increased eightfold, while the government and the private …
Post-colonial anthem dropped in 1978 reinstituted with little debate amid escalating economic crisis Nigeria has reverted to a national anthem it dropped nearly 50 years ago after lawmakers replaced the current one, prompting widespread criticism over the lack of public consultation on the change. The country’s president, Bola Tinubu, confirmed the law on Wednesday, a …
Open letter says party’s inability to make a decision on Abbott’s future is example of systemic racism Diana Abbott Leading Black British actors, professors, authors and broadcasters have urged Labour to “rectify and reverse” the “disrespectful” treatment of Diane Abbott or risk losing the backing of the party’s most loyal supporters. Lenny Henry, David Harewood, Renni Eddo-Lodge, …
Pat Philbin gave his first public testimony about the chaotic final days of the Trump presidency. Former deputy White House counsel Pat Philbin shed new light on the frenzied effort by Donald Trump to remake the Justice Department into a tool of his bid to cling to power despite losing the election. | Sarah Silbiger/Getty …
Centre for Nigeria Progress 