Author: Casade Admin

The massive devaluation of the Naira by the CBN has left Nigerians scratching their heads and each others head. As they ponder the fate of the Naira, and why so many on fixed income see a rapid erosion of their purchasing power, the Council now feels compelled to provide elucidation. While this effort may not provide any relief of collective anxiety, it should provide a sense of direction.

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On October 31, 2020, the US State Department confirmed that an American who had been taken hostage in Niger was rescued by US Special forces in Nigeria. As reported by New York Times Pulitzer Price winning journalist, Eric Schmitt, the kidnapped victim, Mr. Walton, was held for a one-million-dollar ransom almost a week ago, a practice that has become all too familiar in the region.

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