External Reserves Lost $178m In March – CBN
The country’s foreign reserves continued its downward trend, losing $178m in March, figures obtained from the Central Bank of Nigeria…
CBN Warns Against Abuse As MFBs Float Liquidity Placement Platform
To address the short-term liquidity challenges in the sub-sector, microfinance banks in Nigeria, in collaboration with Microfinance Development Company Limited…
Diaspora Nigerians with expired passport can now travel home – NIS boss
Comptroller General of Nigeria Immigration Services Muhammad Babandede has disclosed that diaspora Nigerians who could not travel back home due…
South Africa’s MTN, Looking to Build a Monopoly, Blocks Access to USSD Services for Nigerians
Fresh off its hiking of transfer charges on USSD and just over a year after the Nigerian government somewhat pardoned…
Dollar Consolidates Q1 Gains With Biden’s Spending Plan
Backed by a $2 trillion U.S. government spending plan, the dollar consolidated its first-quarter gains on Thursday, holding near multi-month…
Investors Have Committed N100bn Into Our Oil Palm Sector – Edo
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday disclosed that the Federal Government has succeeded in…
Bank Of Canada Governor Sees ‘Worrying’ Signs In Housing Market
The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into…
SSA Holds Nearly Half Of Global Mobile Money Accounts
There are more mobile money accounts in Sub-Saharan Africa (SSA) than in any other region in the world in 2020.…
Africans Unwilling To Quit WhatsApp, Despite Cybercrime Threats’
Africa’s mobile users are getting worried about the increase in cybercrime threats, considering the mobile risks and the potential for…
‘30m People Worldwide Acquire Digital Skills During COVID-19’
Microsoft Corporation has disclosed that it has helped over 30 million people in 249 countries and territories gain access to…
Tech Start-up Set To Launch Virtual Meeting Solution
A Nigerian tech start-up firm, Newwaves Ecosystems Limited, is pitching for a major stake in the multi-billion-dollar global online meeting…
PayPal Allows US Shoppers To Make Cryptocurrency Purchases
PayPal on Tuesday began allowing people in the United States to use cryptocurrency to make purchases from millions of merchants…
FG Implementing EEF To Save Economy From Shocks’
The Ministry of Industry, Trade and Investment has disclosed that it was currently implementing the Export Expansion Facility (EEF), which is…
Leveraging Customer Data For Growth Acceleration
Raheem Akingbolu writes on how businesses can leverage on customer data to drive sales and accelerate brand growth in the…
W’Bank Revises Nigeria, Others’ Growth Forecast to 3.4%
The World Bank has revised its growth forecast for Sub-Saharan Africa (SSA) from -5.1 per cent to 3.4 per cent…
Stakeholders Seek Fiscal Incentives, Policy Harmonisation To Stimulate Recovery
Worried by the N628 billion loss suffered by equity investors in the first quarter (Q1), market players have urged the…
UN, FG check, Validate Nigeria’s Social Protection Policy
The Federal Government and joint development partners from the United Nations held a meeting on Wednesday to conduct a quality…
UAC Of Nigeria Returns To Profitability, Recommends 120 Kobo Dividend
UAC of Nigeria Plc (UAC) has announced its audited results for the year ended December 31, 2020, showing a profit…
SEC Lists Benefits Of Non-Interest Capital Market
The Securities and Exchange Commission (SEC) has described the non-interest capital market sector as a unique asset class that is…
BUA’s Profit Rises To N72.3Bn
BUA Cement Plc has said its profit after tax rose by 19.4 per cent to N72.3bn at the end of…
Takeaways From Okonjo-Iweala’s Visit: How Nigeria Can Unlock Growth
A clear call for reforms and competitiveness came from Ngozi Okonjo-Iweala, Director General, World Trade Organisation, who was recently on an…
FG Approves New Policy Framework for MSMEs
The Minister of State, Federal Ministry of Industry, Trade and Investment, Mrs. Maryam Yalwaji Katagum, has said the Federal Executive…
IMF Demands Debt Data Accuracy, Transparency From Nigeria, Others
A day after the National Bureau of Statistics (NBS) released report that said states and federal debts had hit N32.92…
Equities Reverse Gains As Capitalisation Plunges By N119b
Transactions on the floor of Nigerian Stock Exchange (NSE) reversed gains to close on a downward note yesterday, as market…
Nigerian Stocks: List of Dividends announced in 2021
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective…
Inheritance Fraud: Prince Jailed For Forgery
An Ikeja Special Offences Court on Tuesday sentenced Semasa James to a year in prison for forgery. He was convicted…
U.S. Receives $335 Million From Sudan In Victim Compensation -Blinken
The United States has received $335 million from Sudan to compensate victims of the 1998 bombings of the U.S. embassies…
Canadian Economy In January Grows By 0.7%, Feb Seen Up 0.5%
Canada’s economy expanded for a ninth consecutive month in January, rising by 0.7% on gains in both goods and services,…
Brazil’s Unemployment Rate Rises To 14.2%
Unemployment in Brazil rose in January for the first time in four months, figures showed on Wednesday, kicking off the…
Customs Recover N1bn Debit Notes From Importers, Shippers
The Comptroller General of the Nigeria Customs Service, Strike Force Unit says it has recovered debit notes worth N1bn from…