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Our head trader gives his insight on this week's major currency movement


latest news and Security

Nigerian Oil Workers Suspend Strike (22 Dec 14)
Strike called to protest the poor state of the nation's refineries  More...

Nigeria to privatise transport sector (22 Dec 14)
Including railways, inland waterways, roads and ports by 2015  More...

Elderly Nigerians, Unable To Flee Boko Haram, Rounded Up And Shot Dead (21 Dec 14)
Killing more than 50 this week in a new tactic that has instilled more fear  More...

Nigeria's Home-Grown Islamic Uprising Poses Regional Threat (21 Dec 14)
"We are concerned about the increasing regionalization of Boko Haram,"  More...

Nigeria ranked one of the poorest countries in the world (20 Dec 14)
Nigeria was listed as the 125th out of 142 countries surveyed  More...

How Low Can the Naira Go? (20 Dec 14)
For the medium term, the economy will remain hostage to oil prices  More...

Gulf of Guinea is Africa’s new pirate paradise (19 Dec 14)
Area extending from Senegal to Angola has steals limelight from the Gulf of Aden  More...

 


 

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Updated:5 July 2013

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featured articles

hEALTHCARE iN nIGERIA

We get lots of emails asking us about healthcare facilities, health insurance, medical risks and treatments in Nigeria.

We have put together a quick guide that covers the most frequently asked questions we have received on this subject. You can read it here...

 

An emerging threat? Piracy And the Gulf Of Guinea

West Africa has seen a steady growth in pirate attacks in recent years, with reported incidents of piracy increasing 42 percent in 2011.

Given the Gulf of Guinea’s relative economic importance, this piracy, if left unchecked, may have a surprising impact not only regionally, but globally

Nigeria: A Retailer's Market

Lured by its clear potential – a large population, positive macro-economic growth and a strong appetite for consumer goods – chains both foreign and local are dramatically expanding their domestic retail footprint.

The lifting of an eight-year ban on the import of garments in December 2011 has also opened the door to foreign brands

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People Demand Protection From Their Police

The Boko Haram violence (which has left over 1,600 dead in the last three years) has caused a national uproar over the general lack of law and order throughout the country and the continuing government corruption that is at the core of all that is wrong in the country

the Militias Are Massing

The army is providing equipment and advice to churches and mosques to assist in defeating terror attacks. Off the coast of the Niger River Delta, attacks on service boats (for offshore wells) are increasingly common. But the menace of Boko Haram continues to be the main focus for all Nigerians and observers.

Please Don't Fight back

The U.S. has offered Nigeria assistance in going after drug smuggling and distribution gangs. Nigeria has accepted, in part because al Qaeda, and possibly Boko Haram, have become allies of the drug gangs. This was not done because the Islamic radicals approve of drugs (they don't, officially) but because it’s a quick way to obtain lots of cash to finance terrorist

War on Christians Escalates

Boko Haram related violence has left over 700 dead so far this year. Boko Haram keeps warning Christians to either convert to Islam or die. Moslem and Christian leaders are giving more speeches about avoiding religious warfare. The Christians in the south have restrained themselves and not retaliated (much) against their Moslem minority. But in the north???

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