United Bank for Africa (UBA) Plc, one of Nigeria’s leading deposit money banks (DMBs) has restated its commitment to deepening intra-Africa trade to for regional self-reliance and economic development through its financing for up to US$6bn over the next three years to eligible businesses across the continent. The bank’s Deputy Managing Director, Muyiwa Akinyemi, made this […]
Yellow Card has become the first fintech on the African continent to launch PayPal USD (PYUSD), a new stablecoin from PayPal, issued by Paxos, to open new horizons for digital financial transactions between Africa and the United States. The initiative is coming as Crypto adoption in Africa continues to surge exponentially across the sub regions […]
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL) Mele Kyari has charged stakeholders in the Nigerian oil and gas industry to adapt, evolve, and lead in the ever-changing global energy landscape. Kyari, gave this charge while delivering his address at the opening ceremony of the 41st Nigerian Association of […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has lauded the proposal by the Hon. Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, to enlist and train three million Nigerians over a period of four years, which will make the country an exporter of digital skills. Maida, who […]
With just about six weeks to the earlier deadline set by it to illegalize the use of old banknotes in the country, the Central Bank on Tuesday reversed the directive, thereby extending the legality of the old notes for transactions beyond the December 2023 deadline. It would be recalled that the apex bank had introduced […]
The National Bureau of Statistics (NBS), reported on Wednesday that Nigeria’s headline inflation rate further surged in October 2023 to 27.33 percent, up from the 27.13% recorded in the preceding month amid spiking food and other items’ prices during the month. The statistics agency, in its Consumer Price Index October 2023’ report published on its […]
The Nigerian National Petroleum Company Limited (NNPCL) reported via its official X account on Tuesday that 131 crude oil theft incidents were recorded in the oil facilities within 7 days of operations in the nation’s upstream subsector. According to the report, during the one week period, there were 24 illegal connections, 43 illegal refineries, 17 […]
The Federal Government has signed a partnership deal with the United Nations Development Program (UNDP) to begin internship payment to 3,000 fellows of the 3 Million Technical Training (3MTT) programme. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, who gave this hint on Tuesday, said that the first cohort of the programme […]
…Says Nigeria Still Unable To Meet Quota The Organization of Petroleum Exporting Countries (OPEC) on Monday reported that crude oil production by oil producing countries rose in October by 80,000 barrels per day (b/pd) compared to September output The oil cartel clarified that the output of the OPEC+ countries during the month, however, continued […]
As the President Bola Tinubu administration’s policy reform initiatives continue to accentuate the socio-economic hardships of millions of ordinary Nigerians by the day, the latest report by the Central Bank of Nigeria (CBN) indicated that more bank customers had been resorting to borrowing to survive and support their socioeconomic activities. The latest Economic Report of […]