Nigeria
Nigerians have lost N18bn to Ponzi schemes- SEC
The Securities and Exchange Commission (SEC) has disclosed over 3 million Nigerians have lost about N18 billion to Ponzi schemes and several other ...
Nigeria
Weekly diaspora remittances have reached $30m –Emefiele
The Central Bank Governor, Godwin Emefiele, has said that weekly diaspora remittances rose from $5m to $30. He noted that the initiatives introduced ...
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 ...
Africa
How DeFi is helping Africa leapfrog traditional banking
With six African countries in the top ten fastest-growing economies in the world and the continent being demographically the youngest, the 1.2 billion ...
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 ...
Kenya
Kenya’s Mobile Money Transactions Climb to KSh5.2 Trillion in 2020
According to data retrieved from the Central Bank of Kenya, the value of mobile money transactions rose to the highest level on record, ...
Africa
A new phase in Africa’s development: Free trade area
A new era for international trade, particularly for the whole of Africa, has started. In 2002, thanks to the lessons it learned from ...
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 ...
