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Circular Bank of Nigeria, In Dangote We Trust and Okay Boomer

Welcome to this week’s episode of The Brief where we bring you news from across Nigeria and Africa! Q
Circular Bank of Nigeria, In Dangote We Trust and Okay Boomer
By TheBrief • Issue #30 • View online
Welcome to this week’s episode of The Brief where we bring you news from across Nigeria and Africa!
Quote of the Week:
But he who dares not grasp the thorn should never crave the rose.
Anne Bronte
It is necessary for these sad conditions to be reported because evil thrives best in quiet, untidy corners.”
Chinua Achebe

What's The Palava? (What's Going On In Nigeria?)
Circular Bank of Nigeria
The Central Bank of Nigeria (“CBN”) has released another one of its infamous circulars. This time, the apex bank has outlawed treasury bills (more popularly called t-bills) for individuals and small companies.
In the unstable financial climate that is Nigeria, treasury bills have proven to be one of the few safe ways to ensure your money grows in real terms after inflation is taken into account, especially as they are government bonds with a 13% interest rate.
Now the CBN has directed banks and other financial institutions to stop the sale of treasury bills to individuals and small firms with effect from November 29.
In Dangote We Trust
Nigeria has had its land borders closed for weeks now in President Buhari’s attempt to wage war on the scourge that is smuggling…of rice. According to the President Nigeria must be self-sufficient in the production of this commodity more precious than gold or silver. All commentators and spectators wondered what made the president fixate on this particular “resource” so adamantly, now we know. The Special Assistant on Media recently tweeted discussing the fact that Nigeria’s richest man Aliko Dangote and his conglomerate will soon begin exporting rice made in Nigeria.
Bashir Ahmad
Nigeria will start exporting rice soon - Dangote Group

The group said that its 150k hectares rice farmlands in 7 states, as well as 10 rice mills it was establishing in different parts of the country would deliver one million tons of rice annually.
6:13 PM - 6 Nov 2019
According to the company its 150,000 hectares rice farmlands in Jigawa, Kano, Kebbi, Nasarawa, Niger, Sokoto, and Zamfara States as well as 10 rice mills it was establishing in different parts of the country will be able to deliver one million tons of rice annually.
Might as well change the Nigerian national pledge to “In Dangote We Trust”.
Dangote and Nigeria
Dangote and Nigeria
Reading Is For Losers?
The new Finance Bill which proposes changes to existing tax and fiscal laws, including an increase of VAT from 5% to 7.5%, to ensure funding for the 2020 budget has scaled a second reading in the Nigerian Senate. Only one little problem. The senators have never read the bill. They have never seen it, nor do they know the actual contents of this piece of law which is to be enacted. The senators only have a general idea of the principles which the bill seeks to encapsulate and have debated on the merits of those principles, never getting down to brass tacks.
What a time to be alive. As we say in Nigeria, whatever you see, just take it like that.
OPay Eats Nigeria
OPay, a provider of payment, ride-hailing, food delivery and loan services (aka the everything store) has announced it has received approval from the CBN to provide international money transfer services in Nigeria.
The approval will enable OPay to facilitate Business to Business, Business to Person and Person to Person remittance services into Nigeria. 
Business is what? Booming!
Free Speech Under Attack
An analysis by, published by the Coalition for Whistleblowers Protection and Press Freedom, shows that 352 total cases of attacks and harassments on journalists in Nigeria have been recorded from 1985 till date.
2018 was initially thought to have the highest number of attacks (58). But the group’s latest release shows that 2019 has already surpassed that record with the 61 attacks so far, and is still counting.
According to the research, as at May this year, the total number of physical attacks on reporters was 189; equipment searches and seizures, 9; equipment or property damage, 17; arrests, 60; denial of access, 21; threats, 44 and ‘harassments’, 12.
Under President Buhari, Nigeria has recorded its worst attacks on journalists in 34 years. Truly troubling times.
The Ogoni 9
This week was the anniversary of the execution of the Ogoni 9 by the Nigerian government.
Please read more here:
What's Going On Across Africa?
No Doctor? No Problem
Zimbabwe on Friday fired more than 200 public sector doctors who have been on strike for more than two months demanding better pay to protect them from soaring inflation (triple-digit inflation to be precise).
Zimbabweans are bearing the brunt of the worst economic crisis in a decade, with shortages of foreign currency, fuel, power and medicines.
The doctors were tried at a disciplinary hearing in their absence.
…Speaking of Zimbabwe
The country can’t seem to catch a break. A severe drought has drained water sources in Zimbabwe’s largest national park leaving 55 elephants dead since September according to official accounts.
Mauritius PM Re-elected
Mauritius’ ruling Militant Socialist Movement (MSM) has won more than half of the seats in parliament, securing incumbent Prime Minister Pravind Kumar Jugnauth a five-year term
Cameroon Gets The Boot
The US is cutting Cameroon from a trade pact over allegations of human rights violations, with President Trump saying the country has failed to address concerns over its “persistent gross violations of internationally recognized human rights” allegedly committed by Cameroon’s security forces.
This comes on the back of the quiet civil war which has been on-going between the majority Francophone government and the Anglophone minority who have felt marginalised leading to a separatist movement.
What in the world??
(our segment where we highlight the most outrageous story we have come across while scraping the web for news articles for you)
We have taken to using what we call the Ehn scale. The longer the Ehn the more incredulous. For example, President Buhari is not Nigeria’s most prolific travel bloggerEhnnnnn? Got it?
His Excellency
Babajide Sanwo-Olu
Fellow Lagosians, as I embrace the name Mr. Governor, I have come to the conclusion that for us to change the narrative of governance, we have to strip down this seeming symbol of executive arrogance that commands popular obeisance.
6:02 PM - 6 Nov 2019
Lol. Okay Boomer.
But really, while we appreciate the idea of being more approachable, there is so much more we would prefer you do than this PR stunt.
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