A member of the Central Bank of Nigeria (CBN) Monetary Policy Committee, Dr. Mo’ Omamegbe, has projected that Nigeria’s surging inflation will further devalue the exchange rate of the Naira as cost of producing import-dependent products continues to rise month-on-month in the country. Omamegbe, who is a former Head of Strategy Securities and Exchange Commission […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, on Wednesday departed Abuja for the United States (U.S) to seek global partnerships and support for Nigeria’s recently inaugurated Energy Transition Plan. The Senior Special Assistant to the President on Media and Publicity Office of the Vice President, Laolu Akande, gave this hint in a statement which indicated that […]
Barely a week after Grey, one of Nigeria’s fast-growing digital payment startups, announced the successful completion of its $2.5 million seed funding round, another firm in the rapidly evolving digital payment space, Duplo has announced its raising $4.3 million in a new seed round deal . The startup’s latest funding round feat, which brings its […]
The Director General of the Securities and Exchange Commission (SEC) Nigeria, Mr. Lamido Yuguda, has restated the regulatory commission’s commitment to continuously partner relevant agencies in its strive to completely eliminate all Ponzi schemes in the nation’s capital market. Yuguda who gave this hint in Abuja noted that the SEC had been fighting a serious […]
…tasks govt on revitalization of under-performing sectors The Centre for the Promotion of Private Enterprise (CPPE), a leading private sector advocacy organization, has urged the National Bureau of Statistics (NBS) to do more in reporting the maritime sector’s performance in view of the importance of the nation’s gross domestic product (GDP) growth. The Centre’s founder/CEO, […]
Investment and economic experts at Bancorp Securities Limited, one of Nigeria’s investment research and consultancy firms, have predicted sustained mixed trading sessions on the Nigerian bourse this week as investors bargain hunt and cherry-pick fundamentally sound stocks. The analysts gave this projection in the firm’s ‘Weekly Stock Recommendations: Aug 29th– April 2nd 2022’ report circulated […]
The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, at the weekend described the prospect of Nigeria’s march towards attaining 95 percent digital literacy in 2030 based on the National Digital Economy Policy and Strategy (NDEPS) 2020 – 2030, as bright in view of the growing performance of the ICT sector over […]
Grey, a Nigerian fintech that provides virtual international bank accounts to African freelancers and remote workers, has raised $2 million in seed funding to ease digital transactions across the continental borders. The fintech startup was founded in July 2020 as an instant exchange service to help Nigerians exchange foreign currencies in their domiciliary account for […]
Information and Communications Technology (ICT) experts have warned that Nigeria and other nations are at the risk of losing $7 trillion yearly to cyber threats if nothing is done to protect the increasingly risk-prone global cyberspace. As a risk-averting measure, Nigeria’s cyber-security experts and stakeholders in the financial service sector have charged the Nigerian government […]
Information and Communications Technology (ICT) experts have warned that Nigeria and other nations are at the risk of losing $7 trillion yearly to cyber threats if nothing is done to protect the increasingly risk-prone global cyberspace. As a risk-averting measure, Nigeria’s cyber-security experts and stakeholders in the financial service sector have charged the Nigerian government […]