By Sodiq Adelakun Nigeria’s Central Bank Digital Currency (CBDC), eNaira, and the first to be issued in the world, is failing to live up to expectations in terms of boosting remittance and improving the informal economy. This is despite huge…
Senator representing Borno South senatorial district, Ali Ndume has vowed to sue the Federal Government over move to collect $800million loan from the World Bank despite opposition from Nigerians. Last week, Zainab Ahmed, Minister of Finance, Budget and National Planning, revealed…
The Debt Management Office has refuted the claim by a non-governmental organisation, Socio-Economic Rights and Accountability that Nigeria has defaulted in repaying its Chinese loans. SERAP in a statement lauded the judgement that ordered the present regime led by the…
By Sodiq Adelakun The Central Bank of Nigeria has approved four local firms to print cheques in the country, according to a new circular. The circular, which was signed by the Director of the Banking Services Department, Sam Okojere, showed…
By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX) opened the week on a positive note, amid gains recorded in telco heavyweight MTNN (0.87 per cent), alongside Zenith Bank (1.73 per cent) and Guaranty Trust Holding Company (GTCO)(2.07…
Ananse Africa, in partnership with Ecobank Nigeria, has announced the second edition of its free e-commerce and digital marketing training for fashion creatives in Nigeria. The hybrid training scheduled for Thursday, 25 May 2023 by 10.00am, will hold at the…
The Federal Government is on the brink of getting a one-year extension to access the World Bank’s $750m concessional loan for Nigeria’s COVID-19 Action Recovery and Economic Stimulus on behalf of the 36 state governments and the Federal Capital Territory.…
By Sodiq Adelakun Mastercard, in partnership with First City Monument Bank (FCMB) and Netplus, has launched a contactless payment solution that enables consumers, merchants and financial institutions to process payments seamlessly using Tap on Phone. The solution helps to eliminate…
In the spare of hike in borrowed costs, personal loans declined to N1.75trillion in the fourth quarter of 2022 from N1.85trillion in the previous quarter, according to the Central Bank of Nigeria (CBN). The CBN, in its economic report for…
Neimeth International Pharmaceuticals Plc has said that the high cost of doing business in the year, especially concerning foreign exchange for the procurement of input materials and other inflationary pressures, adversely affected its profitability. The Chairman of the Company, Dr.…
