10 Mar

The week ahead – The returning President has some unhappiness to deal with

President Muhammadu Buhari returned to Nigeria this morning from the UK where he had been receiving medical treatment for an undisclosed ailment over the last six weeks. The President left Nigeria on January 19 for what was announced as an annual vacation, to last ten days. The vacation was extended indefinitely when the President sent a letter to the National Assembly asking for more time to attend to medical issues as suggested by his doctors.

The CBN intervened for

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03 Mar

The week ahead – Questions, answers, then more questions

The newly confirmed Chief Justice of Nigeria, Walter Onnoghen, has condemned a disregard for court rulings, saying it is an act of impunity that is threatening the independence of the judiciary. Mr. Onnoghen made this point on March 1 at the Senate during his screening for confirmation as the substantive CJN, having been so recommended by the National Judicial Council, NJC, and nominated for the position by Acting President Yemi Osinbajo. Fielding questions from the

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02 Mar

Could Jihadis confront each other in the Sahel?

In what is sure to have significant security and counter-terrorism implications on three continents, al-Mourabitoun, AQIM (AL Qaeda in the Maghreb), Ansar Dine, Macina Liberation Front have announced that they have all joined together to create a new but unified al-Qaeda Trans-Sahelian franchise.

While some, or all of the groups have been operating in concordance at least since late 2015, this public declaration changes the game in some ways, and is significant in that

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27 Feb

The dollar rain – a look at the FX situation

Last week saw a rare sell-off in the FX parallel market. After recording all time lows the previous week, the naira strengthened to between ₦440 and ₦460 per US dollar following the release of new foreign exchange policy guidelines by the Central Bank of Nigeria, and subsequent market intervention.

The question at this point is which market reflects the true value of the naira. Is it an under-supplied interbank market into which CBN intervenes to repeatedly to cushion

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24 Feb

The week ahead – The dollar rain soothes a looming crisis

The naira recorded further gains against the United States dollar on the parallel market on Wednesday, reversing losses it made earlier in the week. Specifically, the naira rose to ₦505/dollar on February 22, up from ₦512/dollar on Tuesday, as the Central Bank of Nigeria started increasing dollar supply on the official market. The regulator had on February 20 introduced a new forex policy action aimed at boost forex supply to enable commercial lenders to meet the

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21 Feb

La crise au Cameroun – How does it affect Nigeria?

There is a situation in the South-West and North-West regions of Cameroon. These, the only English-speaking regions in the country, account for about 19 percent of the population.

In November 2016, lawyers and teachers took to the streets to protest against perceived marginalisation and the use of French in courts and schools in the English-speaking regions of the country.

The government responded by sending soldiers and military police to suppress the protests. The

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10 Feb

The week ahead – Good news this week presents opportunities

Acting President Yemi Osinbajo has nominated Walter Onnoghen as the substantive Chief Justice of Nigeria, in a move set to usher in the first southern head of the Supreme Court in three decades. The decision was announced in a tweet from President Buhari’s Twitter account shortly before noon on February 8. It came a day after Osinbajo’s office told online newspaper, Premium Times that Onnoghen’s name could still be forwarded before the February 10 deadline stipulated

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07 Feb

A critical look at the Southern Kaduna crisis

Dan Azumi moved back home to Sanga in Kaduna in 1994 with his parents. Some of his siblings are married and reside in Fadan Karshi. His late sister, Ande, got married to a Gwandara man and they had five children.

According to Dan, his village was attacked by some Fulani who the villagers claimed had a week prior, sent a letter informing the community they would be carrying out a raid of the community. Men and young adults formed a vigilante group. At about 10pm on the

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03 Feb

The week ahead – As things get tighter we’ll need to be more creative

The three tiers of government received a total of ₦4.95 trillion instead of the ₦6.1 trillion projected to be distributed to them in the 2016 fiscal year from the Federation Account Allocation Committee, new data shows. This created a ₦1.1 trillion shortfall within the 12-month period. The federation account is currently being managed by a legal framework that allows funds to be shared based on three major components – statutory allocations, Value Added Tax

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02 Feb

Analysis – What does Morocco’s reentry into the AU mean for Nigeria?

The African Union’s re-admittance of Morocco brings to an end a 33 year old dispute that began in 1984 when members of the then Organisation of African Unity—including Nigeria—voted to admit the Sahrawi Arab Democratic Republic (a partially recognized state that controls a thin strip of area in the Western Sahara) into its fold, despite protests from Morocco which has laid claim to the territory.

Western Sahara, a sparsely populated region in the Sahara Desert

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