October 1, 2023
Abuja, Nigeria CNN Business — Nigerians have criticized the “redesigning” of the country’s local currency proposed by its central bank to rein in counterfeiting and hoarding of large sums outside the banking system. President Muhammadu Buhari unveiled the redesigned 200-, 500-, and 1,000-naira notes on Wednesday, saying “the new Naira banknotes have been fortified with
READ MOREEditor’s Note: Adjoa Adjei-Twum. She is the Founder & CEO of the Africa-focused and UK-based advisory firm Emerging Business Intelligence and Innovation (EBII) Group for global investors interested in Africa and emerging markets.The opinions expressed in this article are solely hers. CNN — The recently-concluded COP27 was dubbed the “African COP” – with the continent
READ MORECNN — Hundreds of protesters took to the streets of Freetown, Sierra Leone on Wednesday, protesting inflation and the rising cost of living in the West African country, according to people that CNN spoke to. The protests grew violent at times. Graphic images and video of battered and seriously injured protesters and some members of
READ MOREAbuja, Nigeria CNN — President Muhammadu Buhari on Thursday directed Nigeria’s central bank to reissue old 200-naira ($0.43) banknotes withdrawn just days ago as concerns grow that the botched introduction of new money could disrupt general elections later this month. Violent protests have erupted in recent weeks as millions of people struggled to get their
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