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
Today
South Africa probes discovery of women bodies
South Africa has been shaken by a string of unexplained deaths, with nine women found dead in and around Kempton Park, northeast of Johannesburg, over the past two months. South Africa has one of the world’s highest rates of gender-based violence, with women being killed at five ... Show More
22m 58s
Yesterday
Thousands flee to Djibouti amid Yemeni fighting
More than 2,000 people have fled across the Red Sea into neighbouring Djibouti as fighting in Yemen escalates. The renewed conflict between the Iran-backed Houthi movement and the Saudi-backed Yemeni government has also displaced more than 100,000 people inside Yemen. Iran‑aligne ... Show More
22m 58s
Sep 15
What does Dangote's IPO mean for young investors?
Nigerian billionaire Aliko Dangote has launched Africa's largest-ever share sale, offering a stake in his oil refinery to the general public. The initial public offering (IPO) covers roughly 3% of the Dangote Refinery and aims to raise $1.6 billion across Africa, targeting up to ... Show More
22m 59s
Recommended Episodes
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
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
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
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