Nigeria’s Inflation Hits 34.80% Dampening Hopes for Rate Cut
Nigeria’s inflation rate surged to 34.80% in December 2024, dampening expectations for a potential rate cut by the Monetary Policy…
Day: January 15, 2025
Nine Nigerian Banks Face USSD Disconnection Over N160 Billion Debt
Telecommunication companies in Nigeria, under the directive of the Nigerian Communications Commission (NCC), will suspend USSD services for nine banks…
Prolong NBS Website Hack Sparks Inflation Data Uncertainty
The National Bureau of Statistics (NBS) in Nigeria continues to grapple with the fallout of a cyberattack that has rendered…
Telecom tariff hike: Huge financial burden on Nigerians
The recent announcement of telecom tariff hikes in Nigeria has sparked concerns among citizens already burdened by rising inflation, subsidy…
Crypto ETFs Face Innovation Potential in 2025 but Anticipate Weaker Demand
As the cryptocurrency exchange-traded fund (ETF) market enters 2025, it holds significant opportunities for innovation, including new funds tracking tokens…
ECB Looks to Services Prices to Meet Inflation Target Says Chief Economist
Eurozone inflation is expected to decline in 2025 due to slower wage growth and reduced cost pressures, according to European…
UK Business Confidence Falls to Two-Year Low Amid Tax Concerns
British business morale plunged to its lowest point in two years during late 2024, driven by tax concerns following the…
Sophos MDR Achieves 26000 Customers Amid Rising Demand for Advanced Security Solutions
Sophos Managed Detection and Response (MDR) has reached a major milestone, now serving over 26,000 organizations globally, marking a 37%…
Data Challenges Hinder Progress of Micro Pension Plan
A pension expert, Michael Oyebola, has highlighted several data-related issues affecting the effectiveness of the Micro Pension Plan (MPP) in…
MTN Nigeria Becomes First to Achieve Compliance Certification in Telecom Industry
MTN Nigeria has achieved a groundbreaking milestone by becoming the first Nigerian organization and the first within the telecommunications industry…
TikTok Prepares for Potential U.S. Shutdown on Sunday
TikTok is gearing up to shut off access to its app for U.S. users on Sunday, pending the Supreme Court’s…
Naira fall takes $310bn toll on economy
Nigeria’s economy has suffered a $310 billion loss in GDP over the past decade, driven by naira devaluation, low productivity,…
Bitcoin, dollar assets top investments to watch
As Nigerians evaluate investment options for 2025, experts highlight key opportunities in dollar savings, Nigerian stocks, and other assets. In…
CBN fines 9 banks N1.35bn for failing to dispense cash via ATMs
The Central Bank of Nigeria (CBN) has fined nine banks N1.35 billion for failing to ensure cash availability through automated…
Stanbic IBTC Pension Managers reintroduces self-service channels
Stanbic IBTC Pension Managers has announced the reintroduction of its self-service channels, aimed at enhancing customer experience and simplifying pension…
Nigerian Reforms and Rising Demand to Drive Africa’s 4.2% GDP Growth in 2025
The Brookings Institution has forecasted a 4.2% growth in Africa’s GDP for 2025, an improvement from 2023’s 3.1%, per the…