May 2024

Nigeria and the Jericho syndrome

According to the Christian bible, after the Israelites conquered Jericho, Joshua placed a curse upon whoever ever considered its rebuilding. At the cost of his firstborn shall he lay its foundation, and at the cost of his youngest son shall he…

Naira loses 1.47% on black market

The naira on Wednesday weakened against the dollar, losing 1.47 percent at the parallel market also, known as the black market. The local currency was quoted at N1,500 per dollar on Wednesday, a day after the Central Bank of Nigeria…