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The Central Bank of Nigeria (CBN) has added 10 others to its existing list of licensed International Money Transfer Operators (IMTO) in the country, bringing their total number to 57. They include Swift Payment, Direkt Wire UK…

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A slow rollout of COVID-19 vaccines and a lack of funding to bridge the gap between poor and rich countries could set Africa back two to five years, says the United Nations Economic Commission for Africa (UNECA or ECA). Dr.…

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The Nigerian Communications Commission (NCC) has urged Nigerians to ensure that mobile devices, particularly handset models,  are type-approved by the NCC before purchase. According to Engr Bako Wakil, the Director, Technical…

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The Economic and Financial Crimes Commission (EFCC),  Nigeria's leading Anti-Graft Agency, has raised the alarm over fraudulent Investment Schemes in the country, while warning Nigerians to be wary of such scams. (The EFCC is…

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Green Africa Airways Ltd, a Nigerian start-up airline, based in Lagos, Nigeria over the weekend received its first aircraft at the Murtala Muhammed International Airport, Lagos, South-west Nigeria. The new low-cost carrier,…

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The next batch of beneficiaries of Nigeria's Economic Sustainability Plan (ESP), the Survival Fund’s Payroll Support track, will receive their payments and the one-off general Grant of N50,000 for Micro, Small and Medium Enterprises (MSME)…

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The International Monetary Fund (IMF) has said that the path to recovery in 2021 is expected to be long and divergent, with focus on the Middle East and Central Asia Region. The IMF revealed this in its most recent Regional and…

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Dangote Cement Plc, Africa’s biggest producer of the building material, will ramp up capacity by more than a third to meet Nigeria’s burgeoning demand as the economy recovers. “We are expanding capacity from about 50,000 tons a…

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Oil futures regained ground on Friday, with West Texas Intermediate (WTI) crude settling above the $62 a barrel level after upbeat economic data for the US, including PMIs and new homes sales, lifted hopes of a fast recovery in fuel demand.…

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Nigeria’s stock market index rose by 0.43% to close at 39,301.82 points on Friday amid sustained bargain hunting activities. The market capitalization also rose by N82 billion to close at N20.568 trillion compared to N20.486…