Inflation rate in Nigeria increases by 0.55% to 32.7% in a month
The National Bureau of Statistics (NBS) has published data showing higher transportation costs and food…
Steward emerges the richest black billionaire in America at $11.4B
According to Forbes’ 2024 list of the wealthiest Americans, David Steward, founder and chairman of…
Nigeria’s net forex inflow increases by 67% to $27.6bn
The Nigeria forex inflow increased by 67.8% to $27.6B, compared to $16.44B during the same…
Nigeria government begins Naira-for-crude sales with dangote refinery
Wale Edun, Minister of Finance, reveals that the government has officially started selling crude oil…
Zimbabwe’s Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation
The Central Bank of Zimbabwe allowed their gold-backed currency, ZiG, to lose about 43% of…
Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars
The Bank of Ghana has initiated and introduced a gold coin for the purpose of…
Nigeria’s $1.5B Target for Halal Economic Strategy
The Nigerian government is setting up a plan to position the country as a leader…
Posted inPress Release
Tether, TRON and TRM Labs Establish First-Ever Private Sector Financial Crime Unit to Combat Crypto Crime
Tether, TRON and TRM Labs today announced they have joined forces to establish the T3…
Nigerian Banks to Deduct N50 on Transfer Inflows Above N10,000
In compliance with the instructions of the Federal Inland Revenue Service (FIRS), fintech establishments have…
China’s Lending to Africa increased to $4.6B in 2023
Boston University’s Global Development Policy Centre released a research study on Thursday unveiling an increase…
Posted inEconomy NAIRA RATE NEWS Trading Trends
BlackRock’s $400 million iShares ETF to exit Nigeria
BlackRock, the world’s largest Bitcoin ETF (IBIT Fund) asset manager, will close iShares Frontier, a…
Posted inEconomy NEWS Regulations
CBN debunks Alleged Plans to Convert $30 Billion Domiciliary Deposits into Naira.
The bank said the allegation is false and only aims to trigger panic in the…
Posted inEconomy NAIRA RATE Regulations
Nigerian Bureau De Change Blames it’s shutdown on Crypto P2P Emergence
Although Nigerians involved in FX transaction prefer using crypto due to ease and speed, analysts…
Posted inEconomy NEWS Regulations
REPORT: Nigeria’s Crypto Economy Continues to Grow Despite Economic Turmoil
Nigeria remains the largest crypto economy in Africa despite the current economic situation in the…
Nigeria Should Declare Naira and Kobo as West Africa’s Only Legal Tender
In a lawsuit filed by a Nigerian human rights activist, the country’s central bank is…
Again! Chipper Cash Lays Off Staff, Halts Crypto-Related Services.
Chipper Cash, an African cross-border payments platform carried out a second round of staff layoff…
Posted inEconomy NEWS Regulations
South Africa’s Net Foreign Reserves Hits $54.844 Billion, As The Nation’s Currency Rand Appreciates Against Dollar.
South Africa's net foreign reserves rose to $54.844 billion in January from $53.827 billion in…
Posted inEconomy Fintech NEWS Regulations
Nigerian and Ghana Central Banks Invites Tech Innovators To Participate In Their Respective Regulatory Sandbox.
Nigeria and Ghana central banks have invited financial innovators that wish to be included in…
Posted inEconomy NEWS Regulations
Nigeria Inflation Reduced for The First In Near A Year To 21%.
Nigeria’s hyperinflation reduced for the first time in 11 months in December, raising the chance…
Nigeria To Convert It’s N20 Trillion Central Bank Loan Into Bond
The Nigerian government is to restructure its record N20 trillion debt to the central bank…