EXPLAINER: What the Renewed Hope Infrastructure Fund means, by Bayo Onanuga
Background: Nigeria needs $35 billion yearly, up till 2040, to cover its infrastructure expenditure. President Muhammadu Buhari, realising that the government could not meet this huge cost, established the…
Again, naira appreciates against dollar, here’s Tuesday’s black market rate
The naira has continued to appreciate against the dollar in both the official and black markets just moments before the MPC meeting which starts today. Political Economist NG reports that…
Elumelu Foundation Announces 10th Cohort of Entrepreneurship Programme
Over 50 business sectors from farming to technology represented. 20,000 entrepreneurs from 54 countries across Africa funded in 10 years – doubling original target The Tony Elumelu Foundation (TEF),…
MTN to cut costs, hike prices of tariffs for voice, data in Nigeria
March 25, 2024 MTN Nigeria is working on restoring its profitability and strengthening its balance sheet through managing costs and tariffs after Africa’s biggest telecoms operator reported a slump in…
FG Files Tax Evasion Charges Against Binance
March 25, 2024 The Federal Government has taken legal action against Binance, a prominent cryptocurrency exchange platform. Channels Television reports that, the charges formally lodged at the Federal High Court…
CBN, Cryptocurrency and terror financing, by Ken Ugbechie
Central Bank of Nigeria, CBN, at the twilight of 2023 lifted a ban on cryptocurrency third party transactions. Early this year, it followed it up with fresh guidelines to banks…
Nigeria Solicits Joint West Africa Regional Protection of Undersea Cables
Following recent undersea cable cuts that challenged connectivities in many countries in the West Africa region, Nigeria has called for a coordinated and multilateral approach by the region to protect…
Nigeria gives businesses four years to adopt eco-friendly reporting standards
March 23, 2024 Nigeria on Friday said it will oblige companies to disclose their eco-friendly practices and how they manage the effects of climate change in their financial reporting within…
Cardoso magic: Naira keeps a steady rebound against the dollar
The Naira has continued its bullish run against the dollar in both the official and black market in what experts attributed to the improved and innovative forex policy of the…
Nigeria’s public debt now N97trn as at December 2023 – DMO
March 22, 2024 Nigeria’s public debt stock as at Dec. 31, 2023 was N97.341 trillion (108.229 billion dollars), according to data released by the Debt Management Office (DMO) on Friday….