News
Nigeria: Fitch Predicts Nigeria’s Inflation to Average 25.1% in 2023 Amid Economic Reforms and Rising Poverty Rates
Fitch Solutions, a renowned provider of credit, debt market, country, and industry risk research, has projected that Nigeria’s short-term economic outlook will be ...
Global
Global: Twitter Transforms into X as Elon Musk Pursues Vision of an “Everything App”
After months of anticipation and teasing by former CEO Elon Musk, the popular social media platform Twitter has undergone a major rebranding, becoming ...
News
Nigerian Central Bank Enhances eNaira with NFC Technology for Contactless Payments
Despite recent changes in leadership, the Central Bank of Nigeria (CBN) remains steadfast in its commitment to the central bank digital currency (CBDC) ...
Global
Global: OpenAI’s Sam Altman Unveils Worldcoin Crypto Project with World ID
Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, has been officially launched, introducing its innovative “World ID” feature, described as a ...
News
Uganda’s Bankers Association and Visa Join Forces to Accelerate Contactless Digital Payments
The Uganda Bankers Association (UBA) has joined hands with global digital payments leader Visa to launch a collaborative program aimed at accelerating contactless ...
News
Nigeria’s NICTIB Project Drives Rural Financial Inclusion, but Inter-Bank Transfers Remain a Challenge
The Nigeria National Information and Communication Technology Infrastructure Backbone (NICTIB) Project has been instrumental in advancing financial inclusion in rural communities across Nigeria ...
News
Nigeria: Experts Warn CBN Against Further MPR Increase, Advocate for Low-Interest Rates
Financial experts have issued a cautionary warning to the Central Bank of Nigeria (CBN) against raising the Monetary Policy Rate (MPR) further to ...
News
Nigerian Government Plans Tax Streamlining, Renames FIRS to Nigeria Revenue Service
The Federal government of Nigeria aims to enhance ease of doing business, transparency, and efficiency in revenue collection by reducing the number of ...
Kenya
Kenya and China Pledge to Strengthen Cooperation for Economic Growth
Kenya is determined to bolster its partnership with China to drive economic growth and development in the country. President William Ruto emphasized the ...
News
Nigeria: Widening Divergence between Official and Black Market Exchange Rates Raises Concerns in Nigeria
Nigeria is grappling with a significant gap between its official exchange rate and the rates in the parallel market, with the Naira inching ...