Spotlight

August 12, 2021

Wednesday, 11th August 2021: The exchange rate between the naira and the US dollar closed at N411.40/$1 at the official Investors and...

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

Currencies

CBN-BDC debacle: Why CBN should resume funding BDCs

by Opeoluwa Dapo-Thomas

The divorce between the Central Bank of Nigeria and the Bureau De Change has created a vacuum in the heart...

laws governing FinTech companies in Nigeria

Spotlight

11 African startups selected for 2021 Ycombinator summer batch

by Janet John

Twice a year, Ycombinator, an American seed funding accelerator invests $125k in selected startups in exchange for 7% equity. This...

Bismarck Rewane, Nigerian Economic Summit Group raise concern over Nigeria’s debt

Nigeria is not in an economic crisis, experts say

by Victor Enengedi

At the just-concluded Nairametrics Economic Roundtable: How to get out of the Economic Crisis, last Saturday, Managing Director/CEO of Financial...

Court orders Shell to pay Ogoni communities N45.9 billion in 21 days

A Federal High Court sitting in Abuja has ordered Shell Petroleum Development Company (SPDC) to pay the sum of N45.9...

Commodities

FMDQ Exchange admits Dangote Cement Plc Series 1 Bond on its platform

by Chidinma Anyalewechi

The FMDQ Exchange has admitted Dangote Cement Plc Series 1 Bond on its platform. The exchange approved the listing of...

Twitter to update privacy policies globally , Twitter to remove tweets wishing Trump dies of COVID-19.

Twitter ban will be lifted in a matter of days – FG

The Federal Government has announced that its ban on the operations of the microblogging platform, Twitter, in Nigeria, will be...

WAEC says digital certificate will ease process for Nigerians seeking admission abroad

WAEC insists on no NIN, no registration for its exams in 2022

The West African Examinations Council (WAEC) has insisted that the National Identification Number (NIN) would become mandatory for registration for...

Cryptos

Coinbase posts 1000% revenue growth in Q2 2021

by Ajibola Akamo

Coinbase, a cryptocurrency exchange that is ranked by coinmarketcap as the second best with a score of 8.9, released its...

Cryptos

Ethereum overtakes Mastercard in market valuation

by Ajibola Akamo