Africa’s Billion-Dollar Gap: South Africa Leads, Others Trail
South Africa leads Africa's billion-dollar business landscape, exposing deep imbalances in investment and scalability across…
Posted inEconomy NAIRA RATE NEWS
CBN Set for 300th Monetary Policy Meeting
Nigeria’s Central Bank will hold its landmark 300th monetary policy meeting amid inflation worries and…
Posted inEconomy
Nigeria Fully Repays $3.4B IMF Loan, Still Owes $30M Annually in SDR Charges
Nigeria has cleared its $3.4 billion COVID-era loan from the IMF, signaling economic resilience amid…
Nigerian Equities Market Weekly Recap: ASI Hits 106,000+ as Consumer Goods Shine
Nigeria’s stock market edged higher this week as consumer goods stocks led gains, pushing the…
Nigeria’s New Tax Reform Bills: What Workers and Employers Should Expect
Nigeria’s tax reform bills aim to boost worker welfare, ease cost-of-living pressures, and reshape the…
Africa Largely Spared from U.S. Tariffs, But Trade Weakness Exposed — WTO’s Okonjo-Iweala
As U.S. tariffs shake the global economy, Africa appears mostly shielded—but the real challenge lies…
Nigeria’s Blockchain Shift: From Hype to Real-World Use
While crypto headlines in Nigeria often spotlight retail investors and traders, a quieter revolution is…
FG Sets Up Subcommittee to Assess US Tariffs’ Economic Impact
The Federal Government has formed a subcommittee to evaluate the economic risks posed by the…
Posted inEconomy Regulations
Nigeria Nears Exit from FATF Grey List with New Crypto Regulation
Nigeria is poised to exit the Financial Action Task Force (FATF) grey list following the…
Can BRICS Benefit from Trump’s Tariff Policies?
Donald Trump’s re-imposed tariffs, including a 10% baseline from April 9, have sparked fresh turbulence…
Posted inEconomy Press Release
Nigeria’s Public Debt Hits N144.67 Trillion: Key Highlights
Nigeria’s total public debt surged to N144.67 trillion ($94.23 billion) as of December 2024—a 48.58%…
Posted inAfrica Economy Regulations
Nigeria’s Crypto Revolution: ISA 2025 Brings Digital Assets Into Mainstream Finance
Nigeria has officially recognized cryptocurrencies as securities under the newly signed Investment and Securities Act…
Posted inEconomy Exchange NAIRA RATE
Naira Faces Pressure Amid FX Market Uncertainty and Dollar Strength
The naira remained volatile below N1,550/$ in the unofficial market despite growth in Nigeria’s FX…
Nigeria’s Bond Market Sees Lower Offers but Strong Investor Demand in Q1 2025
In Q1 2025, investors subscribed to N2.83 trillion in Federal Government bonds, down from N3.12…
Posted inBanking Blockchain Crypto Economy
Banks Must Adapt as Crypto Transactions Soar to $59 Billion
Cryptocurrency transactions have reached $59 billion in Nigeria, underscoring a financial shift that banks can…
Nigeria to Auction N300 Billion FGN Bonds to Fund Budget and Infrastructure
The Debt Management Office (DMO) has announced a N300 billion bond auction for March 24,…
Nigeria’s Inflation Rate Expected to Decline Further in 2025
Nigeria’s inflation rate is projected to decline further in 2025, driven by improved macroeconomic stability…
Nigeria’s Crypto Boom: $59B Despite Ban
Despite the CBN’s 2021 ban, Nigeria’s crypto market is thriving, with $59B in transactions (July…
Africa Pilots Currency Platform to Reduce Dollar Dependence
The Pan-African Payment and Settlement System (PAPSS), backed by 15 central banks, is piloting the…
Posted inEconomy Regulations
Nigeria’s Crypto Tax: A Solution or a Setback?
In February, Nigeria sued Binance for unpaid taxes and introduced crypto taxation to address economic…
Trump Signs Executive Order to Launch U.S. Bitcoin Reserve
President Donald Trump has signed an executive order to establish a U.S. Strategic Bitcoin Reserve,…
EBID and EIB Partner on €100M Climate Finance for ECOWAS
The ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB) have…
Posted inEconomy Exchange NAIRA RATE
Naira Falls to N1,500/$1 Amid FX Scarcity
The Nigerian naira weakened to N1,500/$1 in the parallel market on Friday, down from N1,495/$1…
Posted inEconomy Events Regulations
EFCC: Cryptocurrency Used to Fund Illegal Arms Imports in Nigeria
The Economic and Financial Crimes Commission (EFCC) has raised alarms over the use of cryptocurrency…
Markets Crash: Crypto and Stocks Take Heavy Losses
Global markets are in turmoil as crypto and stocks plunge, with over $1.48 billion wiped…