Naira Slips Into a Record Low as it Falls Big at the Black Market
The Nigerian naira now exchanges for a dollar at a ridiculously low rate of N715/$1. Sadly, this slump in the...
Nigeria to allow RSA holders utilize part of their retirement savings as equity contribution for residential mortgage
Nigeria has presented a regulation allowing eligible Retirement Savings Account (RSA) holders to access a portion of their pension contributions...
CBN plans to use GSI in recovering loans from defaulters on the Anchor Borrowers’ Program
The Central Bank of Nigeria (CBN) has warned that it may trigger the Global Standing Instruction (GSI) against the Anchor...
Apple starts making the iPhone 14 in India, marking a big shift in its manufacturing strategy
Apple stated that it is assembling its flagship iPhone 14 in India as the U.S. technology giant looks to shift...
Terra Classic (LUNC) Price Falls 20% As Interpol Issues Red Notice Against Do Kwon
South Korean prosecutors on Monday said Interpol has officially issued a Red Notice against Terra’s founder Do Kwon after he...
Pound hits 50-year low against dollar as UK mulls further tax cuts
The British pound reached an all-time low against the US dollar on Monday. The development is coming less than a...
Nigeria Expends More Than $1 Billion Subsidizing Fuel in August as Petrol Supply Increases
The expenditure incurred on subsidizing fuel in Nigeria rose to 525.714 billion naira (about $1.22 billion) in August 2022, summing...
Nigeria Banks on the Lekki Deep Sea Port as the Much Needed Game Changer
Nigeria has placed hopes on the Lekki deep sea port--West Africa’s biggest port (after completion)--to end cargo waiting times offshore...
Nigeria needs help to tackle its debt burden – AFDB
Akinwumi Adesina, President of the African Development Bank (ADB) has said Nigeria needs help from the international community in tackling...
Income inequality persists in Africa despite rapid economic growth over the years – IMF
The International Monetary Fund (IMF) has stated that despite rapid economic growth in sub-Sahara Africa, regional income gaps haven’t fully...
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