Few institutions in Nigeria carry as much influence over daily life as the Central Bank of Nigeria (CBN). Its decisions affect inflation, exchange rates, lending costs, savings, jobs, investment flows, and the broader confidence investors place in the country.
By any serious reading of Nigeria’s current economic condition, one reform under President Bola Ahmed Tinubu stands out as the clearest indicator of where the country is headed: the restructuring of the foreign exchange market led by the Central Bank of Nigeria.
For millions of Nigerians, the real battle is not being fought in distant conflict zones. It is unfolding daily at filling stations, bus stops, markets, and kitchen tables.
For many Nigerians, local governments exist only on paper. Their names appear on signboards, election posters and official documents, but their presence is rarely felt in daily life.
President Bola Ahmed Tinubu has dismissed Saidu Mohammed, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), just four months after his appointment.
