Custodians of Truth
Hanan Morsy, the Chief Economist at the Economic Commission for Africa, estimates that 54.8% of the world’s impoverished live in Africa. According to a report from the News Agency of Nigeria, Morsy made this statement on Monday at the 55th […]
Many Nigerians are currently battling to make ends meet due to a lack of the recently released N200, N500, and N1000 currency notes. Artisans and petty dealers who depend primarily on cash for their everyday operations are the most severely […]
The African Brands Media Limited has announced plans to present “The Africa’s 100 Most Valuable Brands 2023” on March 29 in Lagos. The company stated in a statement that the Africa’s 100 Most Valuable is a special report of an […]
In response to the worsening foreign exchange crisis, Deposit Money Banks have reduced the amount of Personal Travel Allowance and school fees their customers are eligible for. Due to a lack of foreign exchange, lenders have recently been forced to […]
The Chinese Foreign Ministry announced on Tuesday that starting on Wednesday, China’s overseas visa offices will resume issuing visas of all categories to foreign nationals for the first time in three years since the COVID-19. Following the government’s declaration of […]
According to a new analysis from the economic think tank Centre for the Promotion of Private Business, Nigeria’s economy is collapsing and has lost nearly N20 trillion since the Federal Government mopped up cash by over 70% through the Central […]
As of Thursday at the Investors and Exporters window, the naira was worth N461 to the dollar, increasing its value. In comparison to the N461.25 for which it was exchanged to the dollar on Wednesday, the rate reflected a gain […]
On Wednesday, the Nigerian Exchange Limited recovered as investors made N107 billion. On Tuesday, the market experienced a loss of around N1 billion. The market capitalization and All-Share index both increased by 0.35 percent to 55,801.14 and N30.397tn, respectively. The […]
In what appears to be a twist in the ongoing saga of the Nigerian currency, commercial banks in Nigeria have started issuing out old N500 and N1000 notes to their customers. This development follows the Supreme Court’s recent ruling on […]
Flutterwave, an unstoppable force in African fintech, has denied losing $2,949,557,867 to hackers. According to a report making wave on Sunday, hackers stole the sum of 2,040,557,867 from the company’s account, thereby affecting almost 300 customers. The company, however, revealed […]