Nigeria
NSE CGI depreciates by 8% in February, recording highest decline since March 2020
The Nigerian Stock Exchange Consumer Goods Index (CGI), an index that tracks the performance of consumer goods companies, depreciated by 8.12% in the ...
Nigeria
CBN tweet acknowledges Osinbajo’s view on cryptocurrency
The Central Bank of Nigeria has acknowledged the Vice President, Professor Yemi Osinbajo, SAN, for his counsel in support of the regulation of ...
Nigeria
NCC highlights Telecoms sector’s 12.45% boost to GDP to take Nigeria out of recession
The Nigerian Communications Commission (NCC) has stated that the telecommunication sector is one of the sectors whose performance took the country out of recession ...
Nigeria
Nigerian healthtech startup funding grew 404%, eCommerce almost hit 5900% in 2020
A look at funding reports from recent years will show a pattern of investor focus on sectors with the most perceived prospects for ...
Nigeria
$36.4b Foreign Reserves keep naira stable
The naira remains stable at the official and parallel markets, with the foreign exchange (forex) reserves standing at $36.4 billion, data from the ...
Nigeria
Government extends deadline for Telcos to block SIMs without National Identification Number
The Federal Government of Nigeria has extended the deadline for registration of SIMs with National Identification Number, (NIN) as well as the cancellation ...
Nigeria
Diaspora Remittances into Nigeria fall 27% to $12.9bn
Diaspora remittances into Nigeria have fallen by 27 percent, year-on-year (y/y) to $12.9 billion as at September 2020 from $17.6 billion in the ...
Nigeria
CBN, 9mobile, others offer insights on financial inclusion deepening
The Central Bank of Nigeria (CBN), 9mobile, Ecobank and Sanef, have offered a road map towards deepening financial inclusion in the country. They ...
Nigeria
InfraCo Africa Invests $27m in InfraCredit to Finance Infrastructure
InfraCredit, a specialised local currency infrastructure credit guarantee institution, has announced the completion of a $27 million equity investment by InfraCo Africa, part ...
Nigeria
FG suspends issuance of Free Trade Zone licenses
The FG has announced the suspension of the issuance of licences for the operations of Free Trade Zones across the country. The Federal ...