Real Time Financial News Website
The International Monetary Fund (IMF) has highlighted near-term downside risks resulting from Nigeria’s elevated inflation, high debt-servicing costs, external sector pressures, and oil sector volatility as the current cash crunch…
According to CBN statistics, the value of cash held outside of banks increased from N2. 54 trillion reported in the similar time of 2021 by 11. 07% Year-on-Year (YoY). He…
According to the National Bureau of Statistics (NBS), 133 million people in Nigeria (63% of the population) are multidimensionally poor. According to the research, more than half of Nigeria’s population…
AfyA Care’s Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA); a West African private equity fund manager. According to an EY analysis, the…
The Nigerian naira is technically doing well this year; down just 4% against a strong US dollar and ahead of the Canadian and Swiss currencies. But, according to a Bloomberg…
The first office of an IT company, Amazon Web Services, Inc. (AWS), has reportedly been established in Lagos, Nigeria. Amrote Abdella, the company’s regional manager for sub-Saharan Africa, stated that…
Plans have been in place by Nigeria’s National Agricultural Seeds Council (NASCC); to admit Nigeria as a full member of the Organization for Economic Cooperation and Development (OECD). The OECD…
A new payment subsidiary controlled entirely by Access Corporation, Hydrogen Payment Services Company Limited, has received final permission from the Central Bank of Nigeria. The new business, which the secretary…
Nigeria has reclaimed the top spot in Africa for crypto adoption, now coming in at #11 globally with an adoption score of 0.521. With an adoption score of 0. 397,…
Due to the increase in US interest rates, the value of the bitcoin market has dropped to $360 billion, and its market share of alternative currency has fallen to 39.4%.…
Chinese negotiator Xie Zhenhua stated to Germany’s special environmental representative that; there were currently “many problems and concerns” with regard to global climate governance. China’s foreign ministry stated that its…
The Central Bank of Nigeria (CBN) says the country has recorded $2.4 billion in diaspora remittances through its ‘Naira 4 Dollar Scheme’ in 2022. In March 2021, the apex bank…
Fintech Bitcoin Depot plans to list in the United States by merging with blank check company GSR II Meteora Acquisition Corp in a deal valued at $885 million, the companies…