The National Bureau of Statistics (NBS) has released inflation figures for December 2022 seeing a slight drop from the previous 21.47 percent in November 2022 to 21.34 percent. This is the first time the country’s inflation figure will drop month-on-month…
The Board of Trustees of the Tony Elumelu Foundation, the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the appointment of Somachi Chris-Asoluka as Chief Executive Officer, following the retirement of current CEO, Ifeyinwa Ugochukwu.…
Every year, MTN Foundation actively invests in empowering Nigerian youths in the arts and creative industry through partnerships on various creative projects and theatre productions. And this year, they brought us an array of exciting festivals and theatre productions that…
A total package of about $8.9 billion was mobilized on Tuesday by the African Development Fund (ADF) for Africa’s low-income countries, the highest in its 50-year history. The fund will be considered in ADF’s 2023 to 2025 financing cycle. The…
Quidax, Nigerian crypto exchange has announced the laying off of 25% of its staff. This is coming barely few months after sponsoring Big Brother Naija with N10 million as well engaging in endorsement. About twenty (20) of its staff were…
Sequel to the massive retrenchment of workers in microblogging platform, Twitter and Facebook, Africa’s e-commerce giant, Jumia says it will layoff some of its staff. The essence of the proposed retrenchment according to the company is to create a leaner…
The World Bank has commended the administration of Governor Yahaya Bello of Kogi State for its financial transparency and awarded the state for distinguishing itself among 35 other states on Fiscal Transparency and Accountability, Debt Sustainability and Domestic Revenue Mobilization.…
The planned redesign of some Nigeria’s currencies – N200, N500 and N1000 will have a smooth sail as the country’s legislative arm on Wednesday gave its backing. This was approved during a plenary session following a debate on a motion…
Nigeria’s Vice President, Professor Yemi Osinbajo, has approved the framework for the construction of a $3 billion hydropower plant project in Benue State. This was disclosed on Wednesday in a statement issued by the office of the vice president (OVP).…
Mustapha Muhammed, an alleged currency speculator, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC). Muhammed also known as Mustapha Naira, was picked up in the Wuse area of the Federal Capital Territory (FCT), ABUJA on…
