Nigeria’s Mega Refinery: A Game-Changer or Potential Disaster?
On May 22nd, 2023, President Buhari commissioned the Dangote Refinery in Lagos, marking a significant milestone for Nigeria and the...
The Rise in Currency Hoarding: Examining Nigeria’s Cash Crunch.
Nigeria has experienced a significant spike in currency outside the banking system for the fourth consecutive month, reaching a staggering...
Major Retail Crypto Trading Approval in Hong Kong Sparks Excitement and Market Optimism.
Cryptocurrency prices experienced a boost on Tuesday following the announcement by Hong Kong's securities regulator, stating that it will permit...
Digital Currency Group Faces Legal Dispute and Payment Failure: Implications for the Nigerian Economy.
The digital currency industry experienced a significant setback recently as Digital Currency Group (DCG) failed to make a $630 million...
Uber Partners with Waymo to Introduce Self-Driving Cars, Advancing Autonomous Driving.
Uber Technologies Inc. and Alphabet Inc.'s Waymo announced on Tuesday that they are teaming up to offer rides in self-driving...
Resurgence of Cash Hoarding in Nigeria Raises Concerns.
Following the relaxation of currency redesign and cashless measures by the Central Bank of Nigeria (CBN), indications suggest that Nigerians...
CBN Monetary Policy Committee to Address Interest Rates Amidst Economic Challenges
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to convene its third meeting of...
The Dangote Oil Refinery: Will it Alleviate Fuel Hikes or Exacerbate Them?
The recent commissioning of the Dangote Oil Refinery in Nigeria has generated considerable excitement and hope for an end to...
Despite the high deliverables, Bankers in Nigeria earn N45,000 or $3 a day in 2023.
In a country like Nigeria, where the banking sector is a critical driver of economic growth and development, it is...
Nigerian Banks to Demand Tax Clearance Certificate Before Customers Can Buy Dollars, Other Foreign Currencies
Nigerian banks have implemented a new requirement for customers engaging in foreign exchange transactions. Customers are now mandated to present...
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