The Central Bank of Nigeria has increased interest rates to 17.5%.
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 100…
Day: January 24, 2023
Nigeria: Customers Flood Banks in Kebbi, Demanding New Naira Notes.
Customers in Birnin Kebbi flocked to banks to deposit or withdraw money, while several voiced concerns about the new naira…
China’s Loans to Developing Nations Reached a 13-year Low in 2021.
According to a Boston University Global Development Policy Center research, Beijing’s reduction in funding for large-scale oil projects caused loans…
Meta is Urged to Enhance Content Control for Africa as a Contractor Leaves.
Rights organizations are urging Meta Platforms to take advantage of the chance to enhance content moderation in Africa after the…
CBN Bans Abuja and Lagos PoS Operators for Cash Swap.
Mobile money/Point of Sales agents in Abuja and Lagos have been cut off from the Central Bank of Nigeria’s recently…
Nigerian Aviation Handling Company Strike Action.
The management of the Nigerian Aviation Handling Company has expressed gratitude to its clients for their patience throughout the company’s…
Nigeria Forecasts New Flooding in 2023.
The Federal Government predicted that this year will undoubtedly see more flooding in many areas of Nigeria but said that…
Nigeria: FG wants the London Court to Reverse $11 billion in Damages.
Nigeria was the target of “a campaign of bribery and fraud” regarding a failed gas processing project, its attorneys argued…
Nigeria Launches a $1 billion Deep Sea Port.
Nigeria recently opened a billion-dollar deep seaport in Lagos that was constructed by the Chinese. This port is designed to…