Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022, indicating an increasing prominence of the digital currency in the nation.
This is despite the Central Bank of Nigeria’s restriction on cryptocurrencies in the nation.
In February 2021, the CBN had said, “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind…
Introducing limited edition of STAR GIRL SKIN TREATS – Face soap (in cupcakes) and Body Soap in other treat shapes because soaps shouldn’t be boring!
They are made from the finest ingredients and with so much love to nourish, remove impurities and leave you…
In the space of just about a month and a few days, four major cryptocurrency firms have been attacked and over $300 million lost as hackers succeeded in gaining access to thousands of crypto wallets.
With the crypto industry already unsettled with the complaints of…
The Project Coordinator, MSME Survival Fund and Guaranteed Offtake Scheme, Tola Adekunle, has stated that over 1,258,183 beneficiaries have benefitted from the Federal Government’s Micro Small and Medium Enterprises (MSME) survival fund.
Indeed, the MSME fund launched by the Buhari-led administration in 2020 was to cushion the effects of the COVID-19 pandemic especially on vulnerable MSMEs and…
The National Sugar Development Council (NSDC) has revealed that Lagos, Ogun and Oyo states account for 80 per cent of sugar consumed in the country.
It stated that households consume less than 20 per cent of sugar, while industrial consumption takes the largest…
In line with their mission to deliver solutions that enhance stakeholders’ value, Sterling Bank has launched another branch of their coworking space, Café One, at the Palms Shopping Mall, on 15 July 2022 in Ibadan.
Café One is a digital hub that also doubles as a…
umia is the leading e-commerce platform in Africa with its marketplace supported by its proprietary logistics business, Jumia Logistics, and its digital payment and fintech platform, JumiaPay. Jumia Logistics enables the seamless delivery of millions of packages while JumiaPay facilitates online payments and the distribution of a broad range of digital and financial services.
Jumia provides an…
Nigeria’s total foreign debt as at March, this year stood at $40 billion, increasing from $38.4 billion last December; domestic debt also rose from N23.7 trillion to N25 trillion within the same period.
Such levels of debt, the Nigerian Association of Chambers of Commerce…
The naira has weakened to new low of N700/$1 at the parallel market as dollar demand pressure from retail end users persists.
The naira closed last week at N630/$1 and has stayed within the N620/$1 band for weeks before the current low.
Findings showed that although many…
Since the official declaration of economic recession in early 2016, Nigeria has experienced a proliferation of the world’s oldest scam, the Ponzi scheme.
In the wake of the economic crunch of 2016, the Central Bank of Nigeria and the International Monetary Fund had stated that Nigeria’s economy had slipped into recession. The effect was evident through the country’s significant decline in…