logo
episode-header-image
Nov 2022
33m 57s

Why are Nigerians swapping their high-va...

Bbc World Service
About this episode

Nigerians have to swap their current high-value banknotes for new ones by the end of January. Why the change?

Also, we take a rare look at the workings of an elite Somali military unit fighting Al Shabab.

Plus, from Harare - President Mnangagwa makes this year's state of the nation address in Zimbabwe's new parliamentary building.

More on those stories in this podcast with Audrey Brown

Up next
Yesterday
UN: Record number of aid workers killed in 2024
UN says a record number of aid workers were killed in 2024. Most in Gaza but dozens also in Sudan, South Sudan, and Nigeria Why is sub-Saharan Africa facing a shortage of child eye doctors? We meet one of the only paediatric opthalmologists in Burkina Faso And we meet Gelda Water ... Show More
35m 22s
Aug 22
Exploring Africa-Japan trade ties
Japan has pledged to work more closely with African countries at global summit on economic development. How can Africa benefit from stronger ties with Japan?The former prime minister of Chad is facing a 20-year prison term after being convicted of hate speech, xenophobia and havi ... Show More
32m 3s
Aug 21
Uganda to take deported migrants from USA
Uganda agrees a deal with the United States to take in failed asylum seekers provided they are not minors or people with criminal recordsHow does Zambia plan to tackle a gold rush that turned violent?And why are gulper sharks under threat off the coast of Somalia’s Puntland state ... Show More
28m 37s
Recommended Episodes
May 2024
Why is Zimbabwe launching a new currency?
Zimbabwe has a brand new currency; it’s called the ZiG (Zimbabwe Gold) and it’s backed by the country’s gold reserves. This is the third time they’ve launched a new currency in ten years and 80% of transactions in the country are now carried out in US dollars. Can the government ... Show More
14m 24s
Feb 2023
Nigeria Is In Turmoil. Can A New President Fix It?
As Nigerians decide on a new president, the country’s economy is reeling. Nigeria’s public debt is growing, inflation is soaring, and half of adults can’t find steady work. People wait in line for hours at gas stations to fill their cars and light their homes with generators beca ... Show More
25m 6s
Jul 2021
Why is money worth so little in Zimbabwe?
How many bills do you need to buy a loaf of bread? The dollar isn’t taking Zimbabweans as far as it used to: life is getting more and more expensive. The central bank has introduced a new bill worth 50 Zimbabwean dollars, the highest banknote going around. But this alone has brou ... Show More
15m 21s
Mar 2024
How is the Nigerian government responding to cost of living protests?
Earlier this week we heard on Africa Daily from people struggling to manage as the cost of essential food items and fuel rockets in Nigeria. Inflation is now close to 30% and many stores have stopped displaying prices for the goods on sale - because prices are increasing so fast. ... Show More
21m 4s
Sep 2022
Why is Nigeria’s economy ‘doing a dance’?
Last month Emirates Airlines announced it was halting flights to Nigeria – saying it was owed millions of dollars. The plight of passengers suddenly forced to find creative and expensive ways to travel thousands of miles grabbed the world’s attention – and within days of the cris ... Show More
15m 37s
Oct 2021
Is this the end of cash in west Africa?
Nigeria is about to become the first country in Africa to launch a digital currency controlled by their central bank. Instead of carrying notes and coins, Nigerians will have the option to carry electronic money in an e-wallet on their phones. The eNaira will be issued directly f ... Show More
15m 24s
Feb 2023
Can gold coins really rescue Zimbabwe’s economy?
Zimbabwe’s central bank introduced a policy last year to sell gold coins in a bid to stabilise the country’s economy and combat inflation. They were meant to be an alternative to dollars as a way of safeguarding people‘s wealth – even when the local currency was losing its value. ... Show More
15m 23s
May 2021
Will Nigerians ever stop paying ransoms?
The number of kidnappings is on the rise in Nigeria – but senators want to put a stop to it by punishing people paying ransoms to release their loved ones. Under a new draft bill, Nigerians could face up to 15 years in prison if they’re caught handing over the money. But will thi ... Show More
12m 41s
Oct 2023
More money, more problems: How do currencies work?
Nigeria’s currency has seen a big drop in value over the last few months. The BBC’s West Africa correspondent, Mayeni Jones, helps us find out why. We also take a wider look at currency in general with our North America Business Correspondent, Erin Delmore. Why do some countries ... Show More
15m 25s
Dec 2023
Why has Nigeria failed to deal with recurrent violence?
Hundreds of people have been killed and injured in attacks by armed groups in Plateau State in Nigeria. What are the root causes of this violence? And what does it mean for Nigeria's future? Join host Laura Kyle. Guests: Isa Sanusi - Nigeria Country Director at Amnesty Internatio ... Show More
24m 41s