Despite the Nigerian federal government’s efforts to curb rising food costs, a new report by the National Bureau of Statistics (NBS) for July 2024 reveals that...
Zenith Bank, FirstBank and UBA led Nigerian banking stocks resurgence after a sharp downturn in April 2024, driven by the introduction of a new recapitalization...
Flutterwave, a prominent player in Africa’s payments technology sector, has been awarded a Payment Systems Operator (PSO) license by the Bank of Uganda. This...
The Nigerian Deposit Insurance Corporation (NDIC) has announced plans to seek a court order to dissolve 87 microfinance and primary mortgage banks across Nigeria. This follows...
South African businessman Johann Rupert has surpassed Nigerian industrialist Aliko Dangote to become Africa’s richest person, according to the Bloomberg Billionaires Index released on Tuesday. Rupert,...
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 110 pips to 7.1249 against the dollar on Tuesday. This is according to...
The Nigerian naira began the week on a bearish note, weakening to N1,596.6 against the U.S. dollar as the global dollar index showed strong...
Apple has announced its next product event will take place on September 9th, 2024, at 6 PM WAT (1 PM ET / 10 AM PT)...
BudgIT, a civic-tech non-profit, has reported that the federal government’s expenditure in 2023 exceeded its revenue by more than three times. According to BudgIT’s...
In a significant disclosure, Meta CEO Mark Zuckerberg has revealed that his team was pressured by the Biden-Harris administration to censor content on Meta’s...