IMF warns that Nigeria’s eNaira could get compromised by fraudsters and used for money laundering and terrorism financing
The International Monetary Fund (IMF) has warned Nigeria about the possibility of its central Bank digital currency, the eNaira, being...
Nigeria Communications Commission takes control of 5G spectrum ahead of deadline for license payment
The Nigeria government has officially handed over the spectrum allocation for Fifth Generation (5G) deployment in the country to the Nigerian...
Ghana’s current account deficit is projected to widen in 2022, as Nigeria records its first surplus in over 2 years
Fitch Solutions has projected that Ghana’s current account deficit would widen slightly from an estimated 2.6% of GDP in 2021...
Julius Berger Nigeria Plc is diversifying into cashew processing; here’s how that is going
Julius Berger has diversified into cashew nuts business and is set to unveil its multi-million dollar cashew processing plant in...
A massive undertaking: repairing Nigeria’s education system
Nigeria’s education system is facing massive challenges. Many Nigerian students are looking up education aids and software. It is known...
Nigeria is racing to end the week-long fuel scarcity that is threatening to destabilise the economy
Since last week, Nigerians have been queuing for long hours just to buy fuel. And now, state-owned energy company —...
Subsidy to hit N9bn daily, as oil price crosses $96, bringing more pains than joy for Nigeria
A hundred dollar oil price is good news for any oil-producing nation, but for the first time in Nigeria’s history,...
Nigeria’s inflation rate drops from 15.63% to 15.6% in January 2022
The latest consumer price index report by the National Bureau of Statistics (NBS) has shown that Nigeria’s inflation rate reversed...
Africa’s richest man, Aliko Dangote, adds $950 million to his personal worth as shares of Dangote Cement continues to rise
Aliko Dangote got off to a great start in 2022, adding about $950 million to his fortune since the year...
Oil price uncertainty, insecurity, threaten Nigeria’s economic outlook – International Monetary Fund (IMF)
Nigeria’s economic outlook faces significant risks from the covid-19 pandemic trajectory, oil price uncertainty, and security challenges, the International Monetary...