GERMANY AND NIGERIA FORM ALLIANCE TO PROMOTE MSMEs

The governments of Germany and Nigeria have reaffirmed their commitment to further collaboration in a significant step to support Micro, Small, and Medium Scale...

CENTRAL BANK OF NIGERIA BANS BANKS AND FINTECHS FROM INTERNATIONAL MONEY TRANSFERS

The Central Bank of Nigeria (CBN) has taken a big step by outlawing banks and fintechs from offering services for foreign money transfers. This...

NIGERIA TO EXPLORE OPPORTUNITIES IN GREEN HYDROGEN

On Tuesday, the federal government announced that it has begun researching potential in green hydrogen as part of the transition from fossil fuels to...

TELEDENSITY IN NIGERIA DECLINES TO 102.97% AS NCC MODIFIES METRICS

The Nigerian Communications Commission (NCC) has made data available showing that the teledensity of the nation decreased from 115.63% in August 2023 to 102.97%...

CENTRAL BANK OF NIGERIA RELEASES $500 MILLION TO PAY OFF ADDITIONAL VERIFIED FOREX LIABILITIES

The Central Bank of Nigeria (CBN), in an effort to clear the backlog of confirmed foreign exchange transactions, has issued $500 million to a...

SOUTH AFRICA RECORDS DROP IN INFLATION

According to official statistics released on Wednesday, South Africa's monthly inflation rate fell 0.4 percentage points to 5.1% in December.  The National statistics agency...

GHANA TO RECEIVE $300 MILLION FROM WORLD BANK TO AID ECONOMIC RECOVERY

The World Bank Group has approved a $300 million funding package to support Ghana's economy. This choice comes after Ghana recently reached a deal...

NIGERIA GOVERNMENT APPROVES NEW STRUCTURE FOR FIRS

The Federal Government of Nigeria has authorized a new organizational structure for the Federal Inland Revenue Service to improve operations. The agency announced this...

NIGERIA RAILWAY CORPORATION TO RESUME TRAIN SERVICES ON ABANDONED ROUTES

The process of bringing historical narrow gauge networks back is now the focus of the Nigerian Railway Corporation (NRC). The Eastern line is presently...

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