Wednesday, February 26, 2025

Olawale Afolabi

CBN’s big rate hike hasn’t helped the naira just yet. Here’s why

After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg termed as a "jumbo rate hike" in its boldest move...

Banks hasten connection as govt warns no NIN, no cash transfer

Millions of vulnerable Nigerian households may miss out on a government awarded cash transfers as the authorities say only those who connect their bank...

Binance trade volume questions effectiveness of Nigeria ban over naira

Nigerians flocked to virtual private networks (VPNs) to gain access to cryptocurrency platforms after the government blocked access to the websites this week. Searches for...

Electric bikes (or okada) are entering Nigeria. India offers key lessons

The electric-bike startup Spiro is expanding into Nigeria and planning to entice motorbike taxi (okada) operators to switch from petrol-powered bikes to the green...

Nigerians decry Tinubu’s no food import decision as hunger mounts

Nigerians have reacted with dismay to President Bola Tinubu's announcement on Thursday, ruling out food imports despite soaring food inflation and widespread hunger. The decision...

Latest Stories

Agriculture struggles as Nigeria’s economy expands in 2024

Nigeria’s economy recorded a stronger performance in 2024, growing...

NNPC, Swedish Stena Bulk and Caverton launch shipping venture

The Nigerian National Petroleum Company (NNPC) Shipping, Swedish Stena...

UN’s climate change panel starts 62nd plenary session in China

The 62nd edition of the Intergovernmental Panel on Climate...

Nigeria sues Binance for $81.5 billion in economic losses

Nigeria has filed a lawsuit against cryptocurrency exchange Binance,...
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