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Block’s TBD announces hackathon grants to address payment gaps across Africa

pretty onyi -
TBD, a division of Block, has announced the launch of the TBD Hackathon, a competition designed to address gaps in payment systems across Africa....
Business

Dangote Accuses IOCs and Nigerian Government Agency of Sabotaging Refinery Project

Efiok Ephraim -
Dangote Blames NUPRC and IOCs for Crude Supply Issues at Dangote Refinery. Aliko Dangote, President and Chief Executive of Dangote Group, has publicly criticized the...
Business

“Naira Continues to Appreciate Against the Dollar at Official FX Market”

Efiok Ephraim -
"Naira Continues Appreciation Against Dollar at Official FX Market, Strengthens on Parallel Market"   The naira has extended its appreciation against the dollar at the official...
Business

“Insecurity Drives Up Food Prices in Nigeria, Traders Warn”

Efiok Ephraim -
Traders at Ose Okwodu Market in Onitsha, Anambra State, have pointed to insecurity as a major reason for the escalating cost of food items...
Business

CBN injects $876 million into FX market to boost liquidity and transparency

pretty onyi -
The Central Bank of Nigeria (CBN) has injected $876 million into the foreign exchange (FX) market to enhance liquidity and transparency. This move supports...
Business

Inconsistent rainfall could negatively impact crop yields, farmers warn

pretty onyi -
Farmers across Nigeria are expressing concern over the inconsistent rainfall patterns this year, warning that it could significantly affect crop yields. While some crops...
Business

Dele Momodu Urges Caution Over Policies Impacting Nigeria’s Business Climate

pretty onyi -
Renowned publisher Dele Momodu has expressed concern over recent policies of President Bola Tinubu’s administration, warning that they could drive investors away from Nigeria....
Business

Dangote Alleges NNPC Staff Involvement in Malta Blending Plant During Meeting with Lawmakers

pretty onyi -
Aliko Dangote, the Chairman of Dangote Group, has brought forward serious allegations involving staff members of the Nigerian National Petroleum Company (NNPC) Limited and...
Business

fuel price jumps to ₦750.17 in June 2024 from ₦545.83 in June 2023

pretty onyi -
In June 2024, the National Bureau of Statistics (NBS) reported significant changes in fuel prices compared to the previous year and month: 1. **Petrol Price:** -...
Business

Nigerian regions with the highest number of retail, trade businesses

pretty onyi -
The informal economy plays a crucial role in Nigeria's economic landscape, with approximately 40 million Micro, Small, and Medium Enterprises (MSMEs), of which nearly...
Business

Navigating the World of Online Forex Trading

pretty onyi -
Online forex trading has revolutionized the financial landscape, offering both beginners and seasoned traders alike new opportunities to participate in the global currency market....
Business

Celebrating 12 Years of Jumia: A journey of innovation, growth, and impact!

pretty onyi -
Jumia's journey from its launch in 2012 to its current position as a leading e-commerce platform across Africa has been marked by significant growth,...
Business

Tinubu’s student loan, coastal highway project was our idea – Sowore

synuser -
The human rights activist noted that Tinubu’s government replicating their ideas resulted from people not paying attention to candidates who had ideas and glorifying...
Business

FG ALLOCATED ₦628.61 BILLION TO ELECTRICITY SUBSIDY IN 2023 AMID INCREASING POWER EXPENSES

Jay Fiona -
In 2023, the Federal Government of Nigeria allocated a substantial ₦628.61 billion towards electricity subsidies as part of its efforts to stabilize the power...
Business

BDC OPERATORS REJECT CBN’S NEW LICENSING DIRECTIVE

Jay Fiona -
Bureau De Change (BDC) operators nationwide are strongly opposing the recent directive from the Central Bank of Nigeria (CBN) that requires them to reapply...
Business

TOP 10 AFRICAN COUNTRIES WITH THE HIGHEST DEBT TO CHINA

Jay Fiona -
There are growing concerns as the external debts of most African countries continue to rise, outpacing their economic growth. The International Monetary Fund (IMF)...
Business

NAIRA APPRECIATES ₦3.31 AGAINST DOLLAR IN OFFICIAL MARKET

Jay Fiona -
The volume of currency traded increased significantly, with the total daily turnover rising to $268.17 million on Tuesday from $161.41 million on Monday. The...
Business

Lawyers Accused by NFIU of Collaborating with Criminals to Hide and Invest Illegal Funds

Jay Fiona -
The Chief Operating Officer of the Nigeria Financial Intelligence Unit (NFIU), Dr. Emmanuel Shotande, has expressed concerns regarding lawyers allegedly aiding criminals in investing...
Business

MINIMUM WAGE: N54,000 INSUFFICIENT FOR SUSTENANCE — NLC

Jay Fiona -
The Nigeria Labour Congress (NLC) has firmly stated that the proposed N54,000 minimum wage by the Federal Government would not suffice for any family's...
Business

STANBIC IBTC HOLDINGS TO ORGANIZE 7TH EDITION OF ITS YOUTH LEADERSHIP SERIES

Jay Fiona -
Stanbic IBTC Holdings, a prominent financial services group dedicated to fostering growth and innovation within Nigeria's economic sphere, has announced its eagerly anticipated annual...
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