Diplomacy: King Charles III to visit France

August 14, 2023 Blossom 0

A French newspaper has claimed that King Charles III would make a state visit to France in September, six months after a planned trip was postponed due to tense protests. The planned journey, intended to highlight warming Franco-British relations, had been postponed in March at the last minute as angry mass protests against pension […]

Why CBN may lose control of the naira

August 14, 2023 Blossom 0

The naira sank further last week in the foreign exchange markets, reaching a record high of N955 to US$1 on Thursday, sending shockwaves through the business sector and raising anxiety among Nigerians as the government appeared preoccupied with the coup in the Niger Republic. To keep control of the currency and the economy, President Bola Tinubu and the Central Bank of Nigeria must act quickly, creatively, and pragmatically. The omens are bad. Since Tinubu pushed the CBN to merge the exchange rates two months ago, the naira’s southward descent has accelerated. […]