The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …
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Nigerians Trade N78bn Bitcoin Amidst Restrictions by CBN
Nigerians traded at least N77.75bn ($185m) worth of Bitcoin in the first three months of the year despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country. …
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Access Bank acquires Kenya lender, Sidian Bank, with N15 billion
Access Bank Plc has paid a sum of N15 billion to acquire Kenyan lender, Sidian Bank Ltd, owned by Centum Investment Plc. The acquisition amounts to 83.4% equity ownership stake …
- EconomyManufacturing & Consumer GoodsNewsNigeriaWestern Africa
NGX: Market capitalisation loses N42 billion on Wednesday
The Nigerian Exchange Ltd., (NGX) on Wednesday ended three consecutive sessions of gain with market capitalisation closing at N28.677 trillion from N28.719 trillion on Tuesday, representing a loss of N42 …
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Kenya suspends all passenger flights from Dubai
Kenya has suspended all inbound and transit passenger flights from the United Arabs Emirates (UAE) to retaliate against a move by Dubai to ban all passenger flights from Kenya over …
GMG, a global well-being company, plans to open more than 100 sports retail stores in Egypt, one of the Middle East’s largest retail markets, within the next five years. The …
One factor is the critically poor state of the economy. The Nigerian Bureau of Statistics recently published the country’s unemployment rate for the fourth quarter of 2020, reflecting a continued …
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Here are the twenty-two African startups joining the UNICEF StartUp Lab second cohort
UNICEF has announced the twenty-two startups that will be taking part in this year’s cohort of the UNICEF StartUp Lab. Over two hundred applications were received from across Ghana. UNICEF …
Dogecoin increased in value of a staggering 6,000 per cent since the beginning of the year and doubled in value in the space of one week. Just like other cryptocurrencies …
The United Nations Children’s Fund (UNICEF) has urged those who received the first dose of COVID-19 vaccine, Astrazeneca vaccine, to take a second dose for stronger immunity against the virus. …