Emmanuel Ojukwu
- Economy
- May 27, 2024
- 56 views
Nigeria Embarks on Major GDP and CPI Rebasing Exercise
The National Bureau of Statistics (NBS) has announced the commencement of a comprehensive rebasing of Nigeria’s Gross Domestic Product (GDP) and Consumer Prices Index (CPI). This move, detailed by Statistician-General…
- Economy
- May 27, 2024
- 46 views
Nigeria’s Manufacturing Sector Faces Turmoil Amid Economic Challenges
The Manufacturers Association of Nigeria (MAN) has revealed that the nation’s manufacturing sector experienced significant setbacks in the first quarter of the year, with companies forced to reduce production and…
- Oil and Gas
- May 27, 2024
- 42 views
Nigeria Secures $16.6bn in Oil Sector Investments
In a significant announcement on Monday, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, revealed that Nigeria has attracted $16.6bn in investments to its oil and gas sector…
- Business Report
- May 27, 2024
- 50 views
CBN Governor Yemi Cardoso Announces Impressive 136% Increase in Q1 FX Inflows Compared to 2023
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, announced a remarkable surge in foreign exchange inflows during the first quarter of 2024, recording 136% of the…
- Uncategorized
- May 23, 2024
- 65 views
Jumia Nigeria Partners Credpal to Offer Customers With Buy Now Pay Later Feature
Jumia Nigeria has entered into a strategic partnership with Credpal to introduce a “Buy Now, Pay Later” (BNPL) feature for its customers. This collaboration aims to enhance the shopping experience…
- Business Report
- May 23, 2024
- 49 views
Central Bank of Nigeria Enforces New Licensing Rules for Bureau de Change Operators
The Central Bank of Nigeria (CBN) has mandated all existing Bureau De Change (BDC) operators to re-apply for new licenses in their preferred category. This was announced on Wednesday in…
- Banking
- May 22, 2024
- 43 views
IMF Reveals 56% of Central Banks Lack National Cybersecurity Strategy for Financial Sector
The International Monetary Fund (IMF) revealed that 56 percent of central banks or supervisory authorities in a survey of 51 countries do not have a national cyber strategy for the…
- Fintech
- May 22, 2024
- 76 views
CBN Announces Moniepoint, OPay, And Others to Resume New Customer Enrollments Soon
The Central Bank of Nigeria (CBN) has announced that mobile money operators, and fintech firms like Moniepoint, Kuda Bank, OPay, and Palmpay, will resume enrolling new customers in another couple…
- Business Report
- May 22, 2024
- 53 views
Airtel Africa Marks Significant Financial Milestone Amid Currency Fluctuation Challenges
Airtel Africa, a leading telecommunications and mobile money services provider announced that its subsidiary, Bharti Airtel International (Netherlands) B.V., has fully repaid its $550 million bond maturing on Monday. This…
- Business Report
- May 15, 2024
- 70 views
Legal Battle Looms Over Mandatory Registration for PoS Operators in Nigeria
Point of Sale (PoS) operators in Nigeria, represented by the National President of the Association of Mobile Money and Bank Agents, are gearing up for a legal showdown over the…
