Bahamas mandates banks to adopt CBDC
The Bahamas, the first country to issue a central bank digital currency (CBDC), is drafting regulations to mandate…
Browsing Tag
Nigeria
Nigeria to maintain fixed petrol prices in ’24 budget
Nigeria plans to spend 5.4 trillion naira ($3.7 billion) in 2024, a 50 per cent increase from 2023, to maintain…
Agriculture boosts Nigeria’s economy
Nigeria’s economy received a boost of N309 billion following the initiation of dry season farming, focusing on…
Zimbabwe approves Musk’s Starlink
Zimbabwe's telecommunications regulatory authority has approved Elon Musk's Starlink, the satellite arm of SpaceX,…
Nigeria raises rates to 26.25%
Nigeria's central bank has implemented a significant adjustment, raising its benchmark lending rate from 24.75 per…
Nigeria’s naira decline prompts rate discussions
The Nigeria's naira has sharply declined since mid-April, with a 28-year high inflation rate likely prompting the…
Nigeria opens oil blocks for intl. investment
Nigeria has extended an invitation to international investors possessing both financial prowess and technical…
Microsoft closes down Nigeria’s Africa Development Centre
Microsoft Corporation has closed down the engineering division of its Africa Development Center in Nigeria, just…
Nigeria imposes 0.5% cybersecurity levy on e-tranfers
Nigeria's central bank announced on Monday it will introduce a 0.5 per cent levy on all domestic electronic…
Nigeria secures $600m seaport infrastructure investment w/ Maersk
Nigeria secured a significant $600 million investment in its seaport infrastructure from Danish shipping giant A.P.…
