These unconventional currencies may not be widely used today, but they offer a glimpse into the creative and often ingenious ways that people have sought to facilitate trade and commerce throughout history.
Nigeria’s interest rate environment is currently one of the highest in the world. The Central Bank of Nigeria (CBN) has set the monetary policy rate at 26.25 percent, but commercial banks charge between 35 to 40 percent for business loans.
According to Digima, the NCC’s efforts, led by the Nigeria Office for Development in the Indigenous Telecommunications Sector (NODITS), have been pivotal in promoting local content and boosting indigenous participation. He highlighted that before NODITS’ intervention, nearly all SIM cards in Nigeria were imported. Now, 100% of SIM cards are produced locally.
The Ero Dam, located in Ikun-Ekiti within the Moba Local Government Area of Ekiti State, Nigeria, stands as a significant but now forlorn piece of infrastructure.
Arjarwalla’s cover was exposed after he arrived in Kenya, and the Nigerian government moved quickly to arrange for his extradition so he could face the accusations made against him.