Central Bank of Nigeria Affirms Legal Tender Status of All Banknotes Amidst Transition to Redesigned Currency
The Central Bank of Nigeria (CBN) has issued a statement reiterating that all banknotes, both old and redesigned, remain legal…
Day: November 9, 2023
China-Nigeria Bilateral Trade Volume Reaches $17.25 Billion in First Three Quarters of 2023
The Consul General of China in Lagos, Yan Yuging, has revealed that the bilateral trade volume between China and Nigeria…
Spanish Navy Renews Commitment to Collaborate with Nigerian Navy in Gulf of Guinea
The Spanish Navy has expressed its dedication to working in partnership with the Nigerian Navy to address maritime security challenges…
Dubai’s Foreign Direct Investments in Kenya Surge to $253 Million in Five Years
Kenya has seen a substantial increase in foreign direct investments (FDIs) from Dubai, with the total reaching $253 million (Sh38.3…
British International Investment (BII) to Sell 10.13% Stake in I&M Group to East Africa Growth Holding
UK development finance institution British International Investment (BII) has entered into an agreement to sell its 10.13 percent stake in…
Nigeria’s Top Banks Experience Surge in Customer Deposits Amidst Increased Money Supply
Nigeria’s five largest banks have witnessed a notable surge in customer deposits this year, outpacing the growth seen in the…
African Development Bank President Highlights Africa’s Pivotal Role in the Future of the Electric Vehicle Market
Akinwumi Adesina, President of the African Development Bank (AfDB) Group, emphasized the critical role Africa plays in shaping the future…
Nigeria Faces Quality Seed Shortage, Hindering Agricultural Productivity
Despite having 314 registered seed companies, Nigeria, Africa’s most populous country, is grappling with a shortage of quality seeds crucial…
Central Bank of Nigeria Reassures Availability of Cash, Affirms Legal Tender of All Banknotes
The Central Bank of Nigeria (CBN) has issued a statement assuring the public of the continued availability of various denominations…
MTN Expects Nigeria’s Economic Reforms to Yield Growth by Mid-2024
MTN Group Ltd., Africa’s largest wireless company, anticipates that Nigeria’s economic reforms, spearheaded by President Bola Tinubu, will result in…
Africa’s Role in the $57 Trillion Electric Vehicle Market: Opportunities and Potential
Akinwumi Adesina, President of the African Development Bank Group, emphasized Africa’s pivotal position in the burgeoning electric vehicle (EV) market…
Nigeria Considers Using NLNG Dividends to Bolster Economy and Naira Value
The Bola Ahmed Tinubu-led federal government in Nigeria is exploring the possibility of utilizing dividends earned from the Nigeria Liquefied…