Improved Liquidity in Kenyan Market Lowers Interbank Rates
The interbank rate in Kenya has dropped from double-digit levels to 8.62 percent, following improved liquidity in the market. This…
Author: ayotilewa
Central Bank of Nigeria Introduces Naira Payout Option for Diaspora Remittances
The Central Bank of Nigeria (CBN) has announced the inclusion of the Naira as a payout option for recipients of…
Enhancing the Passenger Experience: Addressing Challenges in Nigerian Airports
The recent surge in passenger-operator clashes in Nigerian airports has raised concerns about the friendliness and efficiency of the country’s…
Naira devaluation: Telcos warn customers to expect price increases.
Telecommunication firms in Nigeria are working with their regulator, the Nigerian Communication Commission (NCC), to review the prices of their…
New Integrated Payment Platform in Africa to Launch by Multichoice, Rapyd, AND General Catalyst.
An integrated payment platform for Africa is being developed through a joint venture announced by MultiChoice Group, Rapyd, and General…
Paying Salaries After June is Uncertain, According to Obaseki.
The governor of Edo State, Mr. Godwin Obaseki, stated on Monday that the federal government might not be able to…
External Reserves Slide Further to $35bn.
According to data received from the Central Bank of Nigeria, the nation’s foreign reserves decreased by $112.78 million in just…
According to Buhari, Marginal Oilfield Sales Brought in N203 billion.
The sale of petroleum prospecting licenses to 161 companies in its most recent marginal fields bid round brought in over…
The Petroleum Ministry Seeks Closer Cooperation with NIPSS for Knowledge Sharing.
The National Institute of Policy and Strategic Studies (NIPSS) and the Ministry of Petroleum Resources have committed to working together…
Nigeria Pensions: Is it for Everyone?
Pension is necessary for everyone, but eligibility for pensions often depends on various factors. These factors includes age, employment status,…
Top 10 Richest People in Africa – Forbes.
It’s worth noting that the path to wealth is not always straightforward, and many of the richest people faced challenges…
Nigeria Farmers Protest a 50% Drop in Food Prices.
The International Monetary Fund (IMF) has highlighted near-term downside risks resulting from Nigeria’s elevated inflation, high debt-servicing costs, external sector…
In October, Currency Outside of Banks Increased by N108.67 billion to N2.84 trillion.
According to CBN statistics, the value of cash held outside of banks increased from N2. 54 trillion reported in the…
According to NBS, 133 million Nigerians are Multidimensionally Poor.
According to the National Bureau of Statistics (NBS), 133 million people in Nigeria (63% of the population) are multidimensionally poor.…
$6 million will be Invested in AfyA Care by CardinalStone Capital Advisors.
AfyA Care’s Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA); a West African…
Naira is Now One of the World’s Worst-performing Currencies.
The Nigerian naira is technically doing well this year; down just 4% against a strong US dollar and ahead of…
Amazon Establishes An Office In Nigeria
The first office of an IT company, Amazon Web Services, Inc. (AWS), has reportedly been established in Lagos, Nigeria. Amrote…
Nigeria Seeks OECD Membership To Increase Seed Exports.
Plans have been in place by Nigeria’s National Agricultural Seeds Council (NASCC); to admit Nigeria as a full member of…
CBN Approves Access Corporation’s Payment In Full.
A new payment subsidiary controlled entirely by Access Corporation, Hydrogen Payment Services Company Limited, has received final permission from the…
Nigeria Surpasses Kenya To Retake The Top Spot In Africa For Cryptocurrency Adoption.
Nigeria has reclaimed the top spot in Africa for crypto adoption, now coming in at #11 globally with an adoption…
US Fed Sends The Cryptocurrency Market Into Turmoil.
Due to the increase in US interest rates, the value of the bitcoin market has dropped to $360 billion, and…
China Appeals To Europe To Take Action Against Climate Change.
Chinese negotiator Xie Zhenhua stated to Germany’s special environmental representative that; there were currently “many problems and concerns” with regard…
CBN Recorded $2.4bn Diaspora Remittances In 2022.
The Central Bank of Nigeria (CBN) says the country has recorded $2.4 billion in diaspora remittances through its ‘Naira 4…
Bitcoin Depot To List In The U.S. Through $885mln SPAC Deal.
Fintech Bitcoin Depot plans to list in the United States by merging with blank check company GSR II Meteora Acquisition…