Posted inEconomy NEWS Dangote is now worth $27.8B following the full operation of his refinery — Bloomberg Billionaires Index Posted by By Akachukwu Chukwuma 21/10/2024Now that his long-awaited oil refinery in Nigeria is finally running, Aliko Dangote, Africa’s richest…
Posted inEconomy NEWS Inflation rate in Nigeria increases by 0.55% to 32.7% in a month Posted by By Akachukwu Chukwuma 16/10/2024The National Bureau of Statistics (NBS) has published data showing higher transportation costs and food…
Posted inBanking Economy NEWS New tax bills mandate finance workers to have tax id to operate bank accounts. Posted by By Eze Chichetaram 15/10/2024The federal government has proposed a new law that will require individuals in banking, insurance,…
Posted inEconomy Fundraise NEWS Startup investors are more interested in detailed performance report — Wimbart Survey Posted by By Akachukwu Chukwuma 15/10/2024The recent survey from Wimbart highlights how investors and startup founders in Africa are focusing…
Posted inEconomy NEWS Nigeria government begins Naira-for-crude sales with dangote refinery Posted by By Eze Chichetaram 07/10/2024Wale Edun, Minister of Finance, reveals that the government has officially started selling crude oil…
Posted inCrypto Economy NEWS Stablecoins Chainalysis Report: 43% of Sub-Saharan Africa Turns to Stablecoins for Remittance Posted by By Eze Chichetaram 03/10/2024Like an inverse proportion, Nigeria and Ethiopia are suffering a decrease in the value of…
Posted inBanking Economy NEWS Zimbabwe’s Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation Posted by By Eze Chichetaram 03/10/2024The Central Bank of Zimbabwe allowed their gold-backed currency, ZiG, to lose about 43% of…
Posted inEconomy NAIRA RATE NEWS Naira Gains 2.77% at the Foreign Exchange Market, Weakening at the Parallel Market— DiutoX Posted by By Akachukwu Chukwuma 02/10/2024In September 2024, the Naira showed some positive signs in the official market, but the…
Posted inBanking Economy NEWS Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars Posted by By Eze Chichetaram 01/10/2024The Bank of Ghana has initiated and introduced a gold coin for the purpose of…
Posted inEconomy NEWS Top News The value of cashless transactions surges by 12% to N89.5T — NIBSS Posted by By Akachukwu Chukwuma 01/10/2024After a slight dip in June, the rate of electronic transactions in Nigeria bounced back,…
Posted inEconomy NEWS The MENA Region Contributes 7.5% to Global Crypto Transaction Volume Posted by By Akachukwu Chukwuma 30/09/2024Cryptocurrency is on the rise in the Middle East and North Africa (MENA), even though…
Posted inBlockchain Economy NEWS Technology Morocco Turns to AI, Distributed Ledger Technology to Achieve the Digital 2030 Strategy Goal Posted by By Eze Chichetaram 28/09/2024Morocco finally unveiled its “Digital 2030” strategy on the 25th of September. The strategy was…
Posted inBanking Economy NEWS PBOC to Release $140B Stimulus Package into Circulation Posted by By Akachukwu Chukwuma 25/09/2024The People's Bank of China, China's central bank, has introduced a stimulus package geared towards…
Posted inBanking Crypto Economy NEWS CBN Raises Interest Rate by 50bps, Sparking Outcry from Student Loan Borrowers. Posted by By Tony Chimdiuto 24/09/2024The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis…
Posted inBanking Economy NEWS Governance Concerns Trigger Sell-Off in Nigerian Bonds Despite Strong Yields Posted by By Eze Chichetaram 24/09/2024According to the Second-Quarter 2024 Report of the National Pension Commission (PenCom), Nigerian bonds faced…
Posted inCyber Security Economy NEWS CBN to Bring Back Cybersecurity Levy Posted by By Akachukwu Chukwuma 20/09/2024As part of its guidelines for the 2024-2025 fiscal year, the CBN has restated that…
Posted inEconomy NEWS Nigeria’s $1.5B Target for Halal Economic Strategy Posted by By Akachukwu Chukwuma 19/09/2024The Nigerian government is setting up a plan to position the country as a leader…
Posted inCrypto Economy NEWS Regulations Understanding the US Fed Rate Cut and Its Effects on the Nigerian Naira and the Crypto Market. Posted by By Tony Chimdiuto 19/09/2024Following the U.S. Federal Reserve’s monetary policy arm, the Federal Open Market Committee (FOMC) meeting…
Posted inEconomy NEWS Stablecoins New Report: Nigeria and Others Top in CBDC Global Adoption Posted by By Eze Chichetaram 17/09/2024About 134 countries, constituting 98% of the representing 98% of global GDP, are currently exploring…
Posted inEconomy NEWS Nigerian CPI Report Indicates Gradual Decrease In Inflation Posted by By Akachukwu Chukwuma 16/09/2024The Consumer Price Index (CPI) report published by the National Bureau of Statistics (NBS) highlights…