NAFEM Forex Turnover Surges 61% to $43 Billion
The Nigerian Foreign Exchange Market (NAFEM) saw a surge in foreign exchange trading, going up by 61.9 percent to $43.09...
AFEX Leads Charge to Improve Food Security Across Africa
AFEX, an innovative company that combines agriculture, finance, and technology, is bringing significant changes to Africa's agricultural industry. Started in...
Nigeria’s Malta Imports Reach New High Amid Controversy
In the third quarter of 2024, Nigeria's imports from Malta hit a record high of N766.81 billion, according to the...
MicroStrategy Chairman Urges U.S. to Sell Gold and Buy Bitcoin
Michael Saylor, Chairman of MicroStrategy and a leading advocate for Bitcoin, has said the United States should sell its gold...
Nigeria Excluded as $1.7bn Airline Funds Remain Blocked Globally – IATA
For the first time, Nigeria is not on the list of countries where airline funds are stuck. The International Air...
Foreign Investments in Nigeria’s Telecoms Sector Plummet by $99 Million – NBS
Foreign investments in Nigeria's telecom industry dropped significantly to $14.4 million in the third quarter of 2024, which is an...
Global Advertising Revenue to Surpass $1.1 Trillion in 2025
The global advertising industry is expected to grow more than ever before, with earnings predicted to hit $989.8 billion in...
Cardoso’s First Year: Naira Rally, Stubborn Inflation, and Economic Challenges
Nigeria's Central Bank Governor, Olayemi Cardoso, has completed his first year in office. During this time, the naira has gotten...
AfDB Calls for Homegrown Solutions to Unlock Africa’s Economic Potential
The African Development Bank (AfDB) has stressed the importance of African countries creating and using their own solutions to tackle...
Nigeria’s VAT Collection Hits N1.78 Trillion in Q3 2024
In the third quarter of 2024, Nigeria's Value Added Tax (VAT) collection hit a new high of N1.78 trillion. This...
Nigeria’s Telecom Sector Sees 87% Decline in Foreign Investments in Q3 2024
The Nigerian telecommunications industry saw a drop of 87% in foreign investments during the third quarter of 2024, according to...
Global Oil Prices Drop to $71 as Aramco Cuts Prices for Asia
The cost of global oil, measured by Brent crude futures, has dropped to $71 per barrel, staying under the important...
Baby Dogecoin Surges 75% Following Elon Musk’s Subtle Endorsement
Baby Dogecoin, a member of the Dogecoin family, saw its price go up by more than 75% after people thought...
The Naira’s Resurgence: A Beacon of Hope or a Fleeting Mirage?
The Nigerian economy has faced a lot of problems for several months, with the Naira having a hard time keeping...
FG Releases N44 Billion for Pension Payment
The Federal Government has allocated N44 billion to cover the pension payments for retirees from various Ministries, Departments, and Agencies...
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