News

The Central Bank of Nigeria (CBN) has taken a significant step towards enhancing the adoption of Nigeria's digital currency, eNaira, by signing a Memorandum of Understanding (MoU) with blockchain firm...

There are breaking records in the Nigerian stock market. The NGX All-Share Index (ASI) catapulted to an unprecedented 100,335.3 points, marking a remarkable surge of 743.66 points. This surge, reminiscent...

According to a report by 'Africa: The Big Deal,' startups across Africa experienced a significant surge in funding, raising $217 million in February 2024. This marks a remarkable 182% increase...

The Central Bank of Nigeria (CBN) has issued a directive mandating Microfinance banks, Primary Mortgage Banks (PMBs), and Development Financial Institutions (DFIs) to submit their financial returns monthly through the...

The official foreign exchange market, the Nigerian Autonomous Foreign Exchange Market, witnessed a 40.46 per cent drop in turnover to $4.37bn (N4.03tn) in January from $7.34bn recorded in December 2023....

Nigeria's ambitious goal of achieving a 70% broadband penetration by 2025 is encountering significant obstacles due to the ongoing foreign exchange crisis and declining investment in telecom infrastructure. Impact of...

The House of Representatives on Wednesday passed a bill seeking the establishment of the National Tax Crimes Commission to address revenue leakages in tax management and administration in the country....

The Nigerian National Petroleum Company Limited and First Exploration and Petroleum Development Company Limited Joint Venture have supported 11 host communities in Bayelsa State with healthcare services. The free healthcare,...

Equity market investors on Tuesday saw N227bn added to their wealth as the Nigerian Exchange stayed in the green zone. The All-Share Index and market capitalisation appreciated by 0.40 per...

OpenAI, the business behind ChatGPT, has stated that it will contest the allegations made in Elon Musk's lawsuit against the company. To support its position, the company has released what it...