The Central Bank of Nigeria’s digital currency, eNaira is currently not available due to an ongoing maintenance process, the financial regulator confirmed, Thursday. Recall that the CBN has been at …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
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Ethermine, world’s biggest Ether mining firm to shut down after the ‘Merge’
Ethermine, the largest Ethereum mining services provider by computing power, will shut down its servers for miners after the blockchain completes its historic technical upgrade. The news comes on the …
The energy regulator has made a U-turn and increased electricity prices by 15.7 percent, reversing the January cuts by the former President Uhuru Kenyatta administration, in what has handed consumers …
- AfricaAFRICA NEWSEconomyNewsSouth AfricaSouthern Africa
Banking transactions show slow recovery in South Africa
An index measuring South African economic transactions fell for a third successive month in August, suggesting that the economy is struggling to gain broad-based momentum after contracting in the second …
CPF Financial Services is set to administer the Public Service Superannuation Fund after the Court of Appeal directed the fund’s Board of Trustees to honor a contract that the company …
- EconomyInformation & TechnologyKenya
OPPO partners with Spotify for Customized Music Experience On ColorOS 13
Smartphone manufacturer, OPPO has announced a partnership with audio streaming platform Spotify to create an all-new easy and customizable music experience through its latest Operating System (OS), ColorOS 13. This …
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Ghana ranked 4th in Sub-Saharan Africa with highest private savings
Ghana has been ranked fourth in Sub-Saharan Africa (SSA) with the highest private savings, a report by the International Monetary Fund on “Private Savings and COVID-19 in Sub-Saharan Africa’ by …
Kenya is seeking a placeholder trade partnership before establishing a fully-fledged trade deal with the United States. Outgoing Trade and Industrialization Cabinet Secretary Betty Maina said she expects engagements on the …
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Flutterwave enables eNaira collections for one million merchants
Flutterwave, Africa’s leading payments technology company, today announced that over 1,000,000 merchants can now accept eNaira payments from their customers on their platform. This follows the 3.0 product announcement event …
- AfricaAFRICA NEWSBusinessFinance & ServicesNewsNigeriaWestern Africa
US blockchain financing startup PowerDFI acquires Naijacrypto
PowerDFI, a recently founded Wyoming-based Blockchain financial startup, has acquired Naijacrypto, a Nigerian-owned cryptocurrency exchange focused initially on the African markets. Naijacrypto, which recently expanded its offering to include multiple …