Author Archives: Nick Corbishley

Three months after the central bank launched demonetisation, economic conditions in Nigeria continue to deteriorate. Now, one of the country’s leading media organizations is calling for the arrest and prosecution of CBN’s governor.   

As the ripples of contagion from the collapse of Silicon Valley Bank and Signature Bank spread out, one European bank is particularly vulnerable. And despite losing over 95% of its market value since 2008, it is still too big to fail.

Legions of European businesses are succumbing to the final straw of Europe’s largely self-inflicted energy crisis. 

“We will not allow any foreign government to intervene in our territory, much less with armed forces,” AMLO told US neocons.

“We are going to carry out an anti-inflation plan of mutual aid for growth, for commercial and economic exchange with Latin American countries.”

The nearshoring trend is triggering a significant influx of global companies, including Tesla and many of its suppliers, to Northern Mexico, particularly the state of Nuevo León. But is there enough water to go round?

“There are no plans to introduce digital ID. Our position on physical ID cards remains unchanged.” 

Spain’s golden visa program has helped to attract thousands of affluent Latin American politicians and business owners to Madrid, but its days may be numbered, at least in its current form.

“Nigeria must go cashless. It is a global policy, checking insecurity and fighting corruption”: Central Bank of Nigeria Governor Godwin Emefiele

As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely.  

“Canada’s influence on mining is felt in Latin America more than in any other region of the world.” And its second most important market is Peru. 

Another G-7 economy, the UK, took a big step toward adopting a central bank digital currency (CBDC). At the same time, the first largish economy to have launched a CBDC, Nigeria, descends further into financial chaos.

In a rare turn up for the books, the head of state of Latin America’s largest economy just accused three of the country’s four richest men of engaging in blatant accounting fraud.

As the price of everything, including debt, continues to soar, life is getting harder and harder for the UK’s heavily indebted businesses.

Mexico is not only dangerously dependent on US growers for its most important staple crop; it is growing more and more dependent each and every year. Mexico’s government wants to reverse this dynamic, but the US has other ideas.