Business
Following Binance Exit, CBN Partners With Blockchain Firm Gluwa, to Propel eNaira Adoption
The Central Bank of Nigeria (CBN) has sealed a partnership with blockchain credit infrastructure firm, Gluwa, to accelerate the adoption of eNaira. eNaira...
After Listing his Power Firm, Tony Elumelu Advices FG to Privatise Electricity Transmission
Nigerian business magnate, Tony Elumelu, a key figure controlling 15% of the nation’s electricity market, has called on the government to initiate the...
CBN Requires Monthly Financial Returns from Microfinance, Mortgage and Development Banks
The Central Bank of Nigeria (CBN) has instructed Microfinance Banks (MFBs), Primary Mortgage Banks (PMBs), and Development Financial Institutions (DFIs) to submit their...
Cascador Launches 2024 Accelerator Program for Mid-Stage African Entrepreneurs
Cascador, an accelerator program supporting mid-stage African entrepreneurs, has opened applications for 2024 with a focus on business growth and leadership development. This...
I am holding all DisCos accountable for their performance – Power Minister
Bayo Adelabu, the Minister of Power, has summoned the heads of the Abuja Electricity Distribution Company (AEDC), Ibadan Electricity Distribution Company, and the...
Northern Nigerian Farmers Forced to Pay Large Sums to Bandits for Permission to Farm and Harvest
A recent report has revealed that local farmers in Northern Nigeria are compelled to pay hefty sums, ranging from N70,000 to N100,000, to...
767 Nigerian Companies Shut Down in 2023 – MAN
The Manufacturing Association of Nigeria (MAN) has disclosed that 767 manufacturing companies shut down operations while 335 experienced distress in 2023. This unfortunate...
‘No justification for carnage in Gaza’ — Yussuf Tuggar
Nigeria’s Foreign Minister, Yusuf Tuggar as a delegate of Bola Ahmed Tinubu during the State Visit to Doha expressed that Israel must stop...
Bitcoin Falls by 6% after Reaching All-time High of $69,000
Bitcoin has fallen by over 6% after shattering its previous record and reaching an all-time high of over $69,000 on Tuesday. The initial...
Airtel Buys Back 991,861 Shares from Citigroup to Reduce Capital
Airtel Africa, the telecommunications giant, has successfully repurchased 991,861 of its shares, valued at $0.50 each, from Citigroup Global Markets on the London...
Breaking: Bank of Ghana Suspends Forex Trading Licences of GTB and FBNBank
The Bank of Ghana has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN)...
Fintech Startup Brass Furloughs Employees Amid Economic Challenges
Fintech startup Brass has announced its decision to furlough an undisclosed number of its employees temporarily due to prevailing economic challenges. CEO Sola...