Niger Republic Seeks Nigeria’s Help Amid Fuel Crisis Despite Diplomatic Strain
Despite months of strained diplomatic relations and fiery rhetoric, the Republic of Niger has turned to Nigeria for urgent assistance following a crippling fuel shortage in the landlocked West African nation. According to findings by Akelicious, a high-powered delegation of…
Burkina Faso Reclaims Its Gold Industry, Establishes First National Refinery
Burkina Faso has taken a groundbreaking step towards economic sovereignty by establishing its first-ever gold refinery. After gaining full control of its gold mining sector, the country now refines its own gold, ensuring that more wealth stays within its borders….
CBN shifts MPC meeting to February 19, 20
The Central Bank of Nigeria has rescheduled the 299th Monetary Policy Committee meeting earlier slated for February 17 and 18, 2025. In a statement on Monday, the apex bank said the meeting will now be held on February 19 and…
Five countries where Naira has more value than local currency
For Nigerians planning to travel abroad without worrying about fluctuating exchange rates, there are destinations where the naira holds more value than the local currency. Exchange rates can significantly impact travel budgets, and choosing a country where the naira is…
Bianca Ojukwu Meets Namibia’s First Female President-Elect to Strengthen Nigeria-Namibia Ties
Wife of late Odumegwu Ojukwu and Nigeria’s Minister of Affairs, Bianca Ojukwu, has arrived in Windhoek, Namibia, where she met with the country’s first female president-elect, Dr. Netumbo Nandi-Ndaitwah. Upon arrival at Hosea Kutako Airport, she was warmly received and…
Nigeria’s FirstBank sets sights on Ethiopia, Angola, Cameroon
Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria is gearing up for its next growth phase as financial systems across the continent open up to new opportunities. More than a decade after an acquisition spree that…
Nigeria to expand credit access to citizens
Nigeria will establish a national credit guarantee company in May to lend to businesses and individuals, President Bola Tinubu said in an speech on Wednesday. Tinubu, who took office in May 2023, campaigned on economic reforms including expanding credit access…
Qatar Central Bank announces year-end holidays for financial institutions
Doha, Qatar: Qatar Central Bank announced Wednesday and Thursday, January 1 and 2, 2025 as official holiday for financial institutions. The year-end closing holiday announcement was made on the social media accounts of the central bank. It stated, “Based on…
Nigeria, Saudi Arabia forge stronger ties on export credit, insurance, and market access
Nigeria and Saudi Arabia are advancing plans to strengthen their economic partnership, focusing on enhancing export credit, insurance frameworks, and market access. This development follows a series of high-level meetings held in Riyadh, Saudi Arabia, as outlined in a statement…
Nigerians groan as cash scarcity compounds hardship
Limited cash supply, low cash deposits caused rationing, says banks …Reps urge CBN to address cash crunch as economic hardship bites ChapiOdekina Abuja— A resurgence of widespread and intense cash rationing by banks have compounded the severe economic challenges confronting…