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...
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...
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...
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...
New NNPC to sack 500 workers
Following the new status of the commercialized Nigeria National Petroleum Company (NNPC) Limited, about 500 staff have been earmarked to...
EU eyes gas supply agreement with Nigeria after fallout with Russia
The European Union has concluded plans to sign a gas supply agreement with Nigeria following a disagreement with Russia. Moscow...
Ghana’s parliament okays $750 million Afreximbank loan
The Ghanaian lawmakers have approved the first batch of a $1 billion loan target which the Government hopes to seal...
Unstoppable: Rai family becomes Kenya’s leading sugar manufacturer with the launch of their fourth milling plant
The $44-million Naitiri Sugar Company, which started milling in May, would produce at least 6,000 tonnes of sugar per day....
Central Bank of Nigeria warns Nigerians to stop converting naira to dollar
The Central Bank of Nigeria (CBN) has issued a stern warning to Nigerians converting Naira to the US dollar. According...
Outcry as Central Bank of Nigeria raises interest rate again
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday again raised the Monetary Policy Rate from 13...