1. The Dethroning of Lamido Sanusi
Lamido Sanusi was pushed out of the Nigerian Central Bank for calling out massive corruption.
He lost his position as Emir of Kano in similar circumstances.
2. BUA Group signs France’s Axens for new refinery project
France’s largest hydrocarbons group Axens won a contract to license key refinery technologies to one of Nigeria’s leading industrial conglomerates, the BUA Group.
For Abdulsamad Rabiu, Chairman of BUA Group, the economics of the project are a ‘no-brainer’: “Nigeria imports 90% of it’s petroleum products. We spend 35% of our foreign exchange on importing petroleum products.”
3. How Nigeria is faring nearly two weeks into COVID-19 lockdown
The Nigerian government rolled out measures to fight off the coronavirus after launching lockdown procedures on 30 March.
A Presidential Task Force on Coronavirus urged state governments to ensure that they have isolation facilities in their localities.
4. Nigeria encouraged to let naira fall further as currency market locks up
As the coronavirus pandemic bit, pressure mounted on Nigeria’s currency. The Nigerian central bank’s move to adjust the value of the naira represents what is likely the first instalment in finding a sustainable level for the currency.
The central bank in March weakened the parallel market rate to 380 naira to the US dollar from 365, with the central bank calling the move an “adjustment” rather than a devaluation.
5. President Buhari opens land border at Seme, Illela, Maigatari, and Mfun
The Nigerian president finally opened the land border at Seme, Illela, Maigatari, and Mfun.
The land borders were closed to goods in August 2019, with partial openings and closings for people prompted by the coronavirus pandemic throughout 2020.
6. Davido, Burna Boy, Rema… Nigeria’s musical moment
Davido, D’banj, Wizkid, Tiwa Savage… Nigerian musicians are global stars.
But behind the VIP-studded after-parties, and signings with major labels, is the 100% Naija ecosystem that got them there.
7. Lagos burns after army accused of ‘Lekki massacre’
The attack on protestors last night was a new chapter for the #EndSARS protests, with far-reaching consequences for the future politics of the country.
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