World Bank Warns That Rate Increases Could Lead To A Recession.
Nigeria and other developing nations have been cautioned by the World Bank Group that raising interest rates…
The US Fed Increases Interest Rates By 0.75%.
The baseline interest rate set by the US Federal Reserve has increased by 0.75 percentage points. New predictions…
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…
Toyota’s Upcoming Vehicle Release In October Will Be Hampered By Chip…
In October of last year, when the COVID-19 epidemic caused supply components in Southeast Asia to be in…
Nigerian Banks Are Faced With Difficulties Due To Currency Crisis, Inflation and…
According to Fitch, Nigerian banks would undoubtedly be influence by the naira's persistent depreciation.…
CBN Approves Access Corporation’s Payment In Full.
A new payment subsidiary controlled entirely by Access Corporation, Hydrogen Payment Services Company Limited, has…
Nigeria Surpasses Kenya To Retake The Top Spot In Africa For Cryptocurrency…
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 its…
Jamie Dimon, CEO Of Morgan Chase, Refers To Cryptocurrencies As “Ponzi…
Stablecoins, which are digital assets linked to the value of the US dollar or other currencies, wouldn't be a…
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…
Businesses Spend N639bn On Energy And Self-Generate Over 14,000MW.
Due to inadequate supply from power distribution providers, factories self-generate more than 14,000 megawatts of…
Microsoft Declares A 10% Dividend Increase.
Microsoft is a global technology corporation; Producing personal computers, software for computers, consumer…
The Financial Facility For London Transportation Is 500million STG.
The British capital's transportation system will receive 500 million pounds ($567 million) from London municipal…
With 71 New Initiatives, Amazon Promotes Green Energy.
In an effort to utilize only renewable energy throughout its whole business by 2025, Amazon.com Inc (AMZN. O)…
Top 10 Nigerian Banks By e-business Revenue In 2022.
Revenue from electronic channels, card products, and related services are all included in e-business income. Thus,…
Nigerian Bank Prohibits Use Of Dollar Debit Cards For Naira Transactions.
Due to the growing shortage of foreign currency in Nigeria, First Bank of Nigeria has banned international…
Flutterwave Makes It Possible For Nigerians To Collect eNaira Payments.
The eNaira is a digital currency produce by the Central Bank of Nigeria that offers a distinct kind of money that…
Oil Prices Increase As Additional Troops Are Mobilized By Putin.
Following Vladimir Putin's announcement that there will be a partial military deployment across the nation, oil…
Pencom Disputes Claims regarding employee remuneration.
According to a press release issued by the management and signed the regulatory authority; the highest paid…
Ghanaian Cedi Declines By 64% This Year.
The Ghanaian cedi has fallen by a staggering 64.45% against the US dollar. The USD/GHS exchange rate was 9.9495.…
Lagos Is The Fourth-Richest City In Africa.
In 2021, Nigeria was regarded as the largest economy in Africa. However, due to the enormous population of over…
The NCC Plans To Generate N500billion From 5G Spectrum Sales By 2023.
The auctioning of two 5G spectrums in 2023 is expected to bring in N500 billion for the federal govt, according to…
Nigerian Petrol Suppliers Are Closing Down For Green Energy.
Due to a demand for green energy, the majority of refineries supplying Premium Motor Spirit to Nigeria are ceasing…
According To NNPC, Nigerians Will Not Face Fuel shortages.
According to the chief financial officer of NNPC Ltd. In Abuja, the Corporation has taken steps to maintain the…
CBN: RT200 Strategy Will Increase Exports Of Goods.
The CBN's RT200 FX program intends to generate $200 billion in forex profits from non-oil proceeds over the course…
In 2022, Kenya Pension Bill Was Reduced By Sh18billion.
In the first two months of the current fiscal year, Kenya's pension bill decreased by Sh17. 94 billion compared to…
Nigeria’s Oil Output Plummets To 900,000b/d.
According to statistics provided by direct sources, Nigeria's crude oil production decreased from 1 million…
A Rate Hike Possibility Causes Cryptos To Squeak As Bitcoin Drops Below $19,000.
By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.
…
Tesla Claims That Its China Sales Growth Is Progressing At A Standard Rate.
After a Reuters story said that Tesla (TSLA. O) was considering closing several city center stores in its…
MTN Launches 5G Network.
The fifth-generation, or 5G, technology is already accessible in Nigeria. The technology was commercially…