Nigeria is rapidly approaching a financial apocalypse - two things are currently happening that cannot happen at the same time: you cannot keep interest rates high while also keeping your currency stable and strong.
Government usually reduces the impact of debts by devaluing its own currency - this acts as a kind of general tax on everyone. In exchange, it offers high interest rates that negate the effect for investors.
If the government is not devaluing, then interest rates need to go down. Considering the current Nigeria govt position, it will need to drop interest rates. Once it does so, it instantly changes the formula for the economy.
The banks stop being the biggest businesses, and it switches back to manufacturers.
Nigeria is rapidly approaching a financial apocalypse - two things are currently happening that cannot happen at the same time: you cannot keep interest rates high while also keeping your currency stable and strong.
Government usually reduces the impact of debts by devaluing its own currency - this acts as a kind of general tax on everyone. In exchange, it offers high interest rates that negate the effect for investors.
If the government is not devaluing, then interest rates need to go down. Considering the current Nigeria govt position, it will need to drop interest rates. Once it does so, it instantly changes the formula for the economy.
The banks stop being the biggest businesses, and it switches back to manufacturers.
The front page of The Sun, March 12, 2026.
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As Three More PDP Senators Join APC, Party Almost Has 2/3 Majority in NASS
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The Nation Newspaper
#ThursdayHeadlines
12th of March, 2026
1. Wike-backed PDP factionlists terms for reconciliation - https://t.co/8LxLlvpZgd
2. Terrorist attacks: Military on top of game, says Musa - https://t.co/YQ6BqepXte
3. Why Gulf oil, gas producers should invest in Nigeria, by Tuggar - https://t.co/hp7Tv3daxB
4. Three PDP senators, four Reps join APC - https://t.co/OCr5nh7rlS
5. Senate clears Oyedele as Minister of State for Finance - https://t.co/oiPMT0hD9n
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The front page of The Sun, March 11, 2026.
Read the biggest headlines and exclusive stories in today's edition of Daily Sun.
For more incisive reports, visit https://t.co/1ryyC7trUC or get a copy from your vendor.