The Week Ahead
SBM published the Jollof Index last week, which showed that it now costs 43% of Nigeria's national minimum wage. Given what has been happening globally, especially with rising energy prices, what will increased economic pressure mean for Nigerians? Nigeria says 130 citizens want to be evacuated after recent attacks on Nigerians in the country. South Africa's ambassador was summoned, signalling growing diplomatic tension and concern for citizen safety abroad. Will this lead to renewed bilateral efforts to address recurring xenophobic violence? The Bank of Ghana says the cost of currency issuance has dropped sharply, even as the central bank reported a $1.25 billion loss. Will tighter financial management and monetary reforms restore confidence in the country’s financial system and stabilise the broader economy? Support the show [https://www.buzzsprout.com/2360617/support]
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