In recent years, Gabon's economy has experienced notable shifts, presenting a mixed bag of opportunities and challenges. Macroeconomic and financial developments have played a pivotal role in shaping ...
Recently, the CBN announced that it was working alongside commercial banks in Nigeria to clear the $10 billion foreign exchange backlog within the space of 2 weeks.This announcement was made on Tuesda...
Bloomberg reports that Nigeria's Finance Minister, Olawale Edun, announced that the fall in the naira was because of the overdue forward payments in the foreign exchange, which totaled $6.8 billion.&n...
27-year-old co-creator of the digital coin, Ethereum, is now the world's youngest crypto billionaire as the price of Eth surges. Last week, the second most valuable crypto, Ether, went up by over...
As the conflict between Russia and Ukraine worsens, trade between Nigeria and Russia worth more than $2 billion is jeopardized. Following the outbreak of the war on Thursday, Nigeria risks experiencin...
The Federal Reserve's main goal is to keep inflation under control while preventing a recession. It accomplishes this through monetary policy. The Fed must use contractionary monetary policy to impede...
The Dangote Group has stated that it intends to invest significantly in the steel sector of the economy.This was revealed by Olakunle Alake, Dangote Group's group managing director, during a roundtabl...
The Tertiary Institutions Entrepreneurship Scheme was created by the Central Bank of Nigeria as part of its commitment to enhance economic growth by reducing level of unemployment among Nigerian ...
The POS (Point of Sale) business has become increasingly popular in Nigeria in recent years, as it provides a convenient and secure way for customers to make payments for goods and services. In this a...
Fintech, short for financial technology, has rapidly evolved over the years and has revolutionized the way we do business, make transactions, and manage our finances. Nigeria, being one of the fa...