Amid endless depreciation of the naira, lawmakers summon Nigeria’s Central Bank Governor to explain
Governor of the Central Bank of Nigeria, Godwin Emefiele, has been summoned before a senate committee on banking to explain...
The surge in the dollar is slowing global trade and worsening debt crises around the world, the IMF warns
The dollar has risen sharply in 2022, and that’s adding to the pressure on the weakening global economy, the IMF...
Oil theft is the main reason Nigeria is struggling to meet OPEC output quota
The Trans-Niger Pipeline, a major pipeline that typically transports about 180,000 barrels of crude per day, has been dry since...
South Africa and Nigeria have the largest market for cryptocurrencies in Africa in 2022
South Africa ranks first in Africa due to the country’s “more advanced financial infrastructure and fiat-to-crypto payment rail.” According to...
NCAA to audit Dana Air, as suspension, Aero Contractors’ withdrawal to affect government revenue
James Odaudu, the Special Assistant to the Minister of Aviation on public affairs, Hadi Sirika, has revealed that Dana Air...
Dangote expects refinery project to boost Nigeria’s export earnings, foreign reserves
Aliko Dangote, the founder of Dangote Cement, said his crude oil refinery plant would help Nigeria solve its foreign currency...
Abdulsamad Rabiu joins Aliko Dangote in debt market over cement business
The founder of BUA Group, Abdulsamad Rabiu, has joined his rival, Aliko Dangote, in the debt market, as both billionaires...
Nigerian logistics platform launches Kwikstore, an easy-to-use e-commerce solution to help African merchants sell online from their smartphones
Vendors can now link their KwikStores to their social media accounts, automating sales, fulfilment, inventory management and shipping. Merchants can...
Airtel Africa buys Kenyan network spectrum after losing Nigeria’s 5G to MTN
Airtel Africa has purchased additional spectrum in Kenya to extend its operation in the country, eight months after the company...
Elon Musk says Starlink to begin internet service in Nigeria next month
The founder of satellite company, Starlink, Elon Musk, has revealed when the company’s operation will start in Nigeria, as the...