News
Nigeria: CBN Challenges JP Morgan’s $3.7 Billion FX Reserve Estimate for Nigeria
The Central Bank of Nigeria (CBN) has criticized JP Morgan’s recent assessment of Nigeria’s foreign exchange reserves, deeming it inaccurate. Hassan Mahmud, Director ...
Global
Global: Spanish Central Bank Official Explores Coexistence of Digital Euro and Private Payment Services
Margarita Delgado, Deputy Governor of the Bank of Spain, engaged with university students and audiences in Pamplona on August 25, delving into the ...
News
Nigeria: Over 25.93 Billion Text Messages Exchanged by Nigerians in 2022, NCC Reports
The Nigerian Communications Commission (NCC) has revealed that Nigerians and telecom consumers within the country exchanged a staggering 25.93 billion text messages locally ...
News
Nigeria: Foreign Investment in Nigeria’s Telecom Sector Drops 46.9% to $399 Million in 2022
The Nigerian telecommunications industry attracted $399.9 million in foreign direct investment (FDI) during 2022, as revealed by data from the Nigerian Communications Commission ...
News
Nigeria: Naira Plummets as FX Demand Outpaces Supply
Following a recent display of strength in the foreign exchange (FX) market, the Nigerian naira has experienced a sharp decline due to diminishing ...
News
Nigeria’s Economic Expansion Slows Down in Q2
Amidst escalating uncertainties within the macroeconomic landscape, Nigeria’s Gross Domestic Product (GDP) exhibited a growth of 2.51% year-on-year in real terms during the ...
News
Nigeria: Banks Turn to CBN for Funds Amidst Liquidity Crunch
With interbank borrowing rates on the rise due to escalating liquidity pressure within the financial system, the situation is expected to exacerbate further ...
Global
Global: Mastercard Unveils AI Center in UAE to Amplify Middle East’s Progress
In a collaborative effort with the UAE government, Mastercard has embarked on a mission to propel AI capabilities and advancement within the Middle ...
News
Nigeria Leads with 82% of Africa’s Telecom Subscriptions, NCC Reports
The Nigerian Communications Commission (NCC) has unveiled that Nigeria commands an impressive 82% share of telecom subscriptions across Africa. During the inauguration of ...
News
Nigerian Government Plans to re-introduce National Tax Amnesty Program
The Nigerian government has announced its intentions to reintroduce the national tax amnesty scheme, as revealed in a statement released on Thursday (August ...