Browsing Tag
Nigeria
Bola Tinubu’s U-turn on Niger sanctions received with relief in northern Nigeria
By Mansur AbubakarBBC News, Kano1 hour agoAfter the army seized power in Niger last year, the president of its giant neighbour Nigeria was at the forefront of demands that the junta step down, even warning that the West African bloc…
South Africa, Nigeria, Ghana, Liberia and Ivory Coast hit by major internet outages
By Natasha Booty & Moses Kollie GarzeawuBBC News in London & Monrovia14 March 2024Updated 18 minutes agoImage source, Getty ImagesMajor internet disruption has been reported in various countries across Africa. Widespread outages…
Nigeria’s central bank steps up FX settlement, naira still under pressure
Nigeria's central bank stepped up its settlement of outstanding forwards with an additional $500 million payout to clear a dollar demand backlog, a spokesperson said, but forex shortages continued to drive the naira currency into a…
Nigeria oil enters unclear new era after Shell’s onshore asset sale By Reuters
© Reuters. FILE PHOTO: The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
By…
Nigeria and Kenya suffer worst currency hits in more than 20 years
For Nigeria and Kenya, 2023 certainly had its ups and downs. While both countries recorded significant growth across numerous industries, there were still instances of socio-economic drawbacks. Beyond economic instability,…
EIU Forecasts Over 10% Currency Devaluation for Nigeria, Egypt and other African Economies in 2024
The Economic Intelligence Unit!-->…
‘Big News’—Forget The Spot Bitcoin ETF, A Huge Unexpected Bank Flip Could Be About To Hit The Price…
BitcoinBTC and crypto prices have soared this year, pushed higher by expectations of major changes in 2024.
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CBN extends timeline for issuance of letters of credit to five working days as FX crisis persists in…
The Central Bank of Nigeria (CBN) has extended the timeline for the issuance of letters of credit from 24 hours to five working days as the country continues to struggle with foreign exchange scarcity.
In the approved 2020 service…