Irawo Entertainment

The Central Bank of Nigeria’s ban on importers of some items from accessing foreign exchange from the official forex market has made it difficult for a number of Nigerian companies to pay their overseas vendors, it has been gathered.

After fourteen years and five failed attempts to sell the Nigerian Telecommunications Limited, the Federal Government on Tuesday finally handed over the beleaguered first national telecommunications company to new core investor, NATCOM Consortium.

From one end of Lagos to the other, villages are spread out with their peculiar historical underpinnings. Computer Village is the hub of mobile electronics and allied applications; Mechanic Village is the home for motor spare parts.

South Africa has many attributes that make it a worthy representative of Africa on the world stage, but is set to lose its first place. If Nigeria plays its cards right, it could become Africa’s only global superpower. It already has the continent’s biggest economy, a huge military budget and a fair record of regional engagement.

The superficial impression is one of a central bank lacking a clear strategy. Yet for all the confusion of the last few months, the reality is that the CBN is being asked to carry the burden of a very difficult adjustment on its own.