We Did Not Suspend OPay, PalmPay’s Accounts – CBN
The CBN has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director, Corporate Communications, Isa AbdulMumin, told the…
Order Electronic Banking Platforms Overhaul, Reps urge CBN
The House of Representatives has urged the Central Bank of Nigeria to direct banks to immediately overhaul their electronic transaction platforms. According to the House, the move has become necessary…
The Top 10 Fastest Growing Sub-Sectors in Nigeria
While Nigeria’s oil sector experienced some shortcomings in 2022, other sectors have stepped up, showing remarkable growth. Business Insider Africa presents the Top 10 fastest-growing sub-sectors in Nigeria. This list is…
FG rakes in N10tn VAT under Buhari – NBS
The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President, Major General Muhammadu Buhari (retd.). This comes against the backdrop…
10 Day After Supreme Court Ruling, CBN Okays Use of Old Naira Notes
Ten days after Nigeria’s Supreme Court ruled that the N200, N500 and N1,000 notes would remain legal tender until December 31, 2023, the CBN has acknowledged the court’s ruling. Last…
Nigeria, Others Set to Benefit from the World Bank’s $12 Billion Food Relief Fund
The World Bank has disbursed $12 billion across the world to help combat food insecurity. Almost half of the entire fund was sent to Africa. The World Bank’s donation was…
UN Agency Predicts 50% Growth In Africa’s E-commerce
Africa’s e-commerce is projected to grow by as much as 50% by 2025, just two years from now. This projection is courtesy of the United Nations Economic Commission for Africa.…
MultiChoice Africa Accelerator Programme Set to Boost Prosperity of African SMME
At a time when unemployment challenges and economic instability are high, small and medium-sized businesses (SMMEs) are proving to be the engines of economic growth and job creation throughout the…
The 13 Big Upsets in Nigeria’s 2023 Elections
The 2023 presidential and National Assembly elections were keenly contested by 18 political parties, among which include the ruling All Progressives Congress, the opposition Peoples Democratic Party, the Labour Party,…
Ten Interesting things to Know About Nigeria’s Upcoming Presidential Election
Nigeria is set to hold its 5th presidential election under its 4th republic on the 25th of February, 2023. This election is said to be one of the most important…
Naira Redesign: Evaluating the Effectiveness of CBN’s Communication
There is a popular theory that Nigerians are resilient. The CBN naira redesign policy put that famous theory to the test in several ways. People have been stretched in a…
BREAKING NEWS! Supreme Court Fixes March 3 for Judgement on New Naira Note
The Supreme Court on Wednesday adjourned judgement in the new naira policy suit to March 3, 2023. With the apex court’s decision, Nigerians, especially consumer and business groups as well…
The Top Universities in Africa Based on Levels of Education and Employability
The list is courtesy of the Center for World University Rankings. The list consists of universities situated in South Africa and Egypt. The importance of Universities cannot be overstated as…
The Key Takeaways from President Buhari’s new Currency Directives
The unrest in Nigeria spurred by the scarcity of legal tender forced the president of the country to address the nation. In his address, he gave new directives that would…
BREAKING: Buhari Extends Old N200 Notes Validity by 60 Days
President Muhammadu Buhari has extended the validity of the old N200 notes by 60 days. The President announced this in his nationwide address on Thursday, February 16, 2023. He said,…
CBN opens Portal for Old Naira Notes deposits
The Central Bank of Nigeria has opened a portal for the collection of old naira notes from people who still have the notes with them. The banking regulator opened the…
How Scammers are Profiting from Turkey-Syria Earthquake
Scammers are using the earthquakes in Turkey and Syria to try to trick people into donating to fake causes, security experts have warned. These scams claim to raise money for…
New Naira: POS Agents Charging Above N200 will be Jailed – CBN
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that Point of Sale agents who charge above N200 for the CBN cash swap programme will be arrested…
Nigeria and Senegal Sign MoU on Local Content in Senegal’s Oil and Gas Industry
Nigeria and Senegal sign a Mou on local content. This deal was inked at the 7th Sub-Saharan Africa International Petroleum Exhibition and Conference in Lagos. Senegalese officials noted that they…
BREAKING: Supreme Court Presses Pause on CBN’s Naira Swap Case Until Feb 22!
The Supreme Court has adjourned, until February 22, the lawsuit filed by Kaduna, Kogi, and Zamfara states seeking to stop the full implementation of the naira redesign policy of the Central…