IMF Warns: Sub-Saharan Africa’s Oil-dependent Countries Face Slower Economic Expansion
The International Monetary Fund (IMF) has released its economic report for Sub-Saharan Africa, pointing out that countries that produce oil ...
Tag: Finance
Alibaba to Pay $433.5 Million in Settlement of US Lawsuit
Alibaba Group Holding Ltd., the biggest online shopping company in China, has agreed to pay $433.5 million to settle a ...
IMF Confirms: Nigeria Hasn’t Requested Funding
Despite the rumors swirling through business circles, the International Monetary Fund (IMF) has set the record straight: Nigeria hasn’t made ...
Nigeria Eyes $1 Billion Monthly Remittances with US Diaspora Bond
The Central Bank of Nigeria (CBN) is considering selling a special bond in the United States next year, aiming to ...
CBN Denies Rumours Over Old Naira Note Expiration
The Central Bank of Nigeria has denied rumors that the old ₦200, ₦500, and ₦1,000 notes will expire on December ...
First Bank to Migrate to Cloud, Warns of Service Disruptions
First Bank has just announced it’s jumping on the cloud bandwagon, following in the footsteps of other big Nigerian banks, ...
The IMF’s Naira Stability Fantasy: A Slap in the Face of Nigerians
In a remarkable show of economic skill, the International Monetary Fund (IMF) has announced that the Nigerian Naira is "stable." ...
Naira Exhibits Stability Signs, International Monetary Fund Reports
The International Monetary Fund (IMF) has observed that Nigeria's currency, the naira, is showing signs of stability because of smart ...
International Monetary Fund Projects Nigeria’s Economy to Grow by 3.2% in 2025
The International Monetary Fund (IMF) has released its latest World Economic Outlook (WEO) report, which predicts that Nigeria's economy will ...
X Empire Players Express Outrage Over Token Allocation Exclusion Ahead of October 24 Airdrop
Cryptocurrency Participants of the X Empire project have expressed dissatisfaction after a significant number of players were excluded from receiving ...
Putin Urges BRICS Nations to Adopt Cryptocurrencies
Russian President Vladimir Putin has suggested that the BRICS countries (Brazil, Russia, India, China, and South Africa) should start using ...
CBN Governor’s ‘Genius’ Plan to Solve Nigeria’s Economic Crisis
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has unveiled his revolutionary solution to Nigeria’s struggling ...
CBN Allocates N1.73 Trillion For Food Imports In Six Months
The Central Bank of Nigeria (CBN) has released data showing that it spent $547.7 million (N823.19 billion) on importing food ...
Nigerian Naira Posts Weekly Gain of N40.49 in Official Foreign Exchange Market
The Nigerian naira increased by N40.49 compared to the previous week in the official foreign exchange market, even though the ...
Inflation Alert: Nigeria’s Economy Teeters on the Brink
Nigeria's high inflation rate, which was about 17.01% in August 2024, has puzzled economists, government officials, and business leaders. The ...
