Facebook has extended its marketplace initiatives to 37 countries and territories in sub-Saharan Africa. Already available in South Africa, Ethiopia, Kenya and Nigeria, the new […]
Month: August 2021
Nigeria Gets Reserves Liquidity Support Boost With IMF’s $650bn
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right (SDR) to provide liquidity to […]
Oil Jumps As Much As 6%, Breaking-Off Longest Losing Streak Since 2019
Oil prices jumped Monday, snapping a seven-day losing streak that was crude’s worst since 2019, as the dollar pulled back and traders bet the recent […]
Bitcoin Hits $50,000 After Months Of Weakness
Bitcoin hit $50,000 as it continues to rebound after months of weakness The world’s largest digital currency by market value rose to $49,821 on Saturday afternoon in […]
Nigeria Federal Government To Deploy 5G Network Soon
The Federal Ministry of Communications and Digital Economy has said it will soon deploy the Five Generation network (5G) in Nigeria. The Minister of Communication […]
Naira Ends The Week With 0.97% Loss Against Dollar
Due to demand pressure on the parallel market, also known as the black market, the naira suffers 0.97 percent against the dollar at the end […]
Kenya Becomes The Top Country in Africa Ahead Of Nigeria In Crypto.
Kenya occupies the fifth place in the world cryptocurrency adoption ranking by Chainalysis and became the top country in Africa ahead of Nigeria in 2021. […]
CBN Stern Warning To Microfinance Banks Over Forex Transactions
The Central Bank of Nigeria has warned microfinance banks to desist from engaging in activities beyond their operating limits or risk losing their licenCe. This […]
Nigeria To Generate 85% of Entertainment AND Media Revenue From Internet – PwC
PwC, one of the leading consulting firms in the world, has projected that Nigeria’s Entertainment and Media (E &M) industry’s revenue will rise from $7.68 […]
MEET WALE ABBA: WHO DESIGNED INTERSWITCH’S QUICKTELLER AND SEVERAL NIGERIA BANKING APPS
Nigerian fintech unicorn, Interswitch, has, for the past 19 years, led the way when it comes to digitizing payments in Nigeria — where it provides […]