Lightheaded

The Week Ahead

During China's Foreign Minister Wang Yi's visit, President Tinubu urged expanding the $2 billion currency swap, revisiting the $50 billion Africa aid package, and supporting Nigeria's UN Security Council bid. China pledged deeper cooperation and implementing FOCAC agreements, and the China Development Bank granted Nigeria a $254.76 million loan for the Kano-Kaduna railway project. How will the railway loan and stronger ties with China impact Nigeria's development?
Nigeria's central bank fined nine banks $90,000 each for not dispensing cash via ATMs during the festive season. It also partnered with security agencies to curb illegal cash sales and enforce withdrawal limits for PoS operators. What can banks do to comply with cash availability guidelines?
Ghana's inflation rose to 23.8% in December 2024 due to higher food prices, with energy sector debt reaching $3 billion. Energy Minister-designate John Jinapor proposed private sector involvement to enhance power distribution efficiency. How might inflation and energy reforms affect Ghana's economy?

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