The Central Bank of Nigeria (CBN) has announced the postponement of the proposed launch of its digital currency, e-Naira. A statement by CBN Director of Communications, Mr Osita Nwanisobi, said that the launch, which was […]
Vice President Yemi Osinabjo has said that the Federal Government’s Economic Sustainability Plan (ESP) is aimed at mitigating the macroeconomic shocks of the COVID-19 pandemic. Osinbajo’s spokesman, Laolu Akande, in a statement on Tuesday […]
The Ministry of Humanitarian Affairs, Disaster Management and Social Development says it has commenced the payment of arrears of stipends for batches A and B of the 2016 and 2018 volunteers of the N-Power programme nationwide. […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has agreed to retain the Monetary Policy Ratio (MPR) at 11.5 per cent. Mr Godwin Emefiele, CBN Governor, made this announcement on Friday […]
There are five major applications that make Koinon Technology Services tick. First is its P2P transfers and remittances. Second is its B2B cross-border cloud payments. Third is its digital retail, ecommerce and omnichannel Point of […]
The U.S. national debt is rising at a pace never seen in the history of America. With a current debt exceeding $28 trillion – an increase of nearly $5 trillion in 14 short months, Washington […]
The Central Bank of Nigeria (CBN) has said that Nigeria will work with Bitt Inc as a technical partner in its bid to launch its own cryptocurrency, the eNaira. The CBN announced the formal engagement […]
Economists have lauded the National Bureau of Statistics (NBS) estimates for Q2 Gross Domestic Product (GDP), which grew by 5.01 per cent. The experts, on Thursday in Lagos, however, urged the Federal Government to put measures […]
Rising world food prices for producers are making headlines and causing concerns among the public. The most recent data show a moderation in consumer food price inflation globally, but as the International Monetary Funds, IMF, […]
President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law, while working from home in line with COVID-19 protocol. Mr Femi Adesina, the President’s spokesman, who confirmed this development, said the president is […]
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