The International Monetary Fund (IMF) has listed four potential risks of bitcoin to a country’s economy, as the global financial body says it doesn’t recommend legalising...
Between January and December 2021, the Nigerian banking sector’s credit to the private sector rose by N5.1tn or 16.67 per cent, according to data obtained from...
The consumer price index, which measures inflation increased to 15.60 percent year-on-year in January 2022. This is 0.87 percent points lower than the rate recorded in...
The Central Bank of Nigeria (CBN) has debited N2.03 trillion from the Federal Government’s account to settle interest on the loan obtained under the Ways and...
President of the Cocoa Farmers’ Association of Nigeria (CFAN), Adeola Adegoke, has said the country is losing about N60 billion yearly as a result of refusal...
Nigeria’s hope of escaping its financial woes is far from close, as once again, the Organisation of Petroleum Exporting Countries (OPEC) has ranked the country among...
A $165 billion drop in Africa’s Gross Domestic Product (GDP) pushed 26 million people into poverty in 2020, African Development Bank (AfDP) President Dr. Akinwunmi Adesina...
The $100 million arms deal is meant to help Taiwan “sustain, maintain and improve” its air-defense missiles in the face of pressure from China, a US...
The external reserves have fallen below the $40bn mark to the lowest point in over three months, figures from the Central Bank of Nigeria have revealed....
Facebook’s owner Meta Platforms saw its stock market value slump by more than $230bn (£169bn) on Thursday, in a record daily loss for a US firm....