$824BN RESOURCE-BACKED LOANS SLOW DOWN AFRICA’S GROWTH

Akinwumi Adesina, the PresidentPresident of the African Development Bank (AFDB), said on Wednesday, April 24, 2024, that the $824bn resource-backed loans are responsible for...

NIGERIAN CIVIL AVIATION AUTHORITY REOPENED LAGOS AIRPORT RUNWAY

The Nigeria Civil Aviation Authority reopened Lagos Airport's 18L runway shortly after a runway skidding occurred. Dana Airline, registered number 5N-BK, overshot the runway...

FX Spot Market Posts $12.61 Billion Turnover In March

According to the report, the total turnover in the money market (MM) segment increased by 18.77% month-on-month, reaching N11.87 trillion in March 2024. This...

BUSINESSMAN DRAGS MONIEPOINT AND MFB OVER ACCOUNT RESTRICTION

On Tuesday, April 23, a businessman with the X (Twitter) handle “AIS_Savita” recently posted a complaint against Moniepoint and Microfinance Bank (MFB) over restricting his account...

South Africa Successfully Navigates Foreign Policy Tightropes

South Africa has established itself as a leading voice among the countries of the Global South with its adept handling of the foreign policy. The...

SHELT OPENS BUSINESS UNIT IN NIGERIA

SHELT Global Limited, a leading provider of cybersecurity solutions, has announced the creation of a new business unit in Nigeria. This was revealed in...

WEMA BANK REMOVES FINTECH PARTNERS FROM PLATFORM OVER FRAUD

Wema Bank, one of the Nigerian commercial banks, has denounced its partnership with over seven fintech companies from its payment gateway platform over fraudulent...

Inflation Cools In March – Good News For Interest Rates

South Africa experienced a 5.3% annual consumer price inflation rate in March 2024, which decreased from February 2024's 5.6%. Today, Stats SA released the...

SMARTPHONE RECORDS 3RD CONSECUTIVE QUARTERLY GROWTH

Global smartphone shipment continues to expand at an astounding rate, with 289.4 million smartphones shipped in the first quarter of 2024 alone. This figure indicates...

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