EBS in Africa

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The problem with the Naira by Prof. Magnus Kpakol continued.

The problem with the Naira is complex and complicated for everyone, including those in the Nigerian presidency and the Central Bank of Nigeria. And it is not because they don’t understand it, but mainly because the solutions are mired in an intricate political economy. The sources of the problem with the Naira are many. Nigeria […]

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The problem with the Naira -1 by Prof. Magnus Kpakol

The Central Bank of Nigeria joined a growing list of emerging markets that are counting on digital money to cut transaction costs and boost participation in the mainstream and global financial system. As President Muhammad Buhari declared, Nigeria has become the first country in Africa, and one of the first in the world to introduce […]

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