Latest court ruling might just be the end to Central African Republic’s crypto ambitions
The court ruled that the government’s plan to sell citizenship to foreigners via crypto purchase is unconstitutional. According to the...
Investment flows to Africa reached a record $83 billion in 2021
European investors remained by far the largest holders of foreign assets in Africa, led by the United Kingdom ($65 billion)...
Nigerian government to borrow N9.32tn for 2023 budget deficits
The Federal Government will once again depend heavily on domestic and foreign creditors in 2023, as the Minister of finance,...
INDUSTRY REVIEW: Nigeria’s top five performing sectors outside oil category in Q2 2022
Nigeria’s Gross Domestic Product (GDP) rose to 3.54% year-on-year in the second quarter of 2022, falling 1.47% below the 5.01%...
Dangote to cut sugar import by 40%
The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into the...
CBN records $2.4bn from ‘Naira 4 Dollar Scheme’ in eight months
The Director, Trade and Exchange department of the Central Bank of Nigeria (CBN) Ozoemena Nnaji, said the ‘Naira 4 Dollar...
CBN to reward Nigerians for using eNaira
The Central Bank of Nigeria (CBN) has approved a reward scheme for users of the eNaira, including merchants. This includes...
Nigeria’s exports jumps by 62% in six months, highest since 2018
Nigerian Export Promotion Council (NEPC) has announced that non-oil products exported out of the country rose to N1.77 trillion in...
Kenya Airways borrowed $94.1 million in half-year 2022, pushing current liabilities to $845.5 million
Kenya Airways’ current liabilities rose to $845.5 million in half-year 2022. The airline is set to receive an additional $300.1...
This Nigerian billionaire’s son just resigned from his father’s conglomerate, less than one year into his appointment as ED
Mr Rabiu resigned from his father’s company less than a year after he was appointed Executive Director. The company gave...