Dr. Wunmi Bewaji, a securities and financial regulation expert, has indicated that the current momentum of Nigeria’s naira against the dollar is expected to endure. He further forecasted a potential rapid decline in the value of the dollar in the upcoming weeks. Dr. Bewaji shared these insights while speaking with a correspondent from TECHECONOMY, highlighting […]
The naira saw a consistent rise against the United States dollar on Thursday, gaining N18 to reach 1,382/$ at the official market. This appreciation in the naira’s value followed significant gains recorded by the local currency in both the official and parallel foreign exchange markets a day earlier, with a closing rate of N1,400/dollar on […]
After three consecutive days of bearish trading, the Nigerian Exchange (NGX) saw a N74bn increase in value on Thursday. During the previous three days, the equity market experienced a downturn, losing N469bn due to sell-offs. The All-Share Index rose by 0.13%, reaching 104,387.47 points, while the market capitalization climbed to N59.02tn, pushing the bourse’s year-to-date […]
Aliko Dangote, Africa’s wealthiest individual, has amassed a net worth totaling $15.3 billion, as per data compiled from the Bloomberg Billionaire Index. Dangote’s fortune has experienced a remarkable surge, coinciding with the resurgence of the Nigerian naira in both official and unofficial markets. Previously, Dangote encountered a turbulent period, witnessing a substantial decline in his […]
M-PESA Safaricom has entered into an international money transfer agreement with Onafriq, Africa’s largest digital payments network, which operates in 40 African countries. The collaboration aims to facilitate remittance flows to Ethiopia more efficiently. M-PESA offers individuals convenient financial services via mobile phones, without the need for a bank account, only a Safaricom sim card. […]
The recent kidnapping of students in Northern Nigeria has once again highlighted the pervasive security challenges facing the region, prompting urgent calls for action to ensure the safe recovery of the victims and prevent similar incidents in the future. This piece explores potential solutions to recover the kidnapped students and prevent future school kidnappings, focusing […]
The Nigeria Data Protection Commission (NDPC) has entered into two notable Memoranda of Understanding with the National Lottery Regulatory Commission (NLRC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to enhance data protection efforts across various sectors. Dr. Vincent Olatunji, the national commissioner/CEO of NDPC, represented NDPC, while Mr. Lanre Gbajabiamila, director […]
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has urged the Economic and Financial Crimes Commission (EFCC) to assist in combating the problem of crude oil theft in the nation. During an engaging session held at the NNPC Towers in Abuja, Mr. Mele Kyari, the group chief executive officer of the company, appealed to Mr. […]
After experiencing two years of elevated yet steady loss activity, 2023 witnessed a concerning resurgence in ransomware and extortion losses, reflecting the evolving cyber threat landscape. Hackers are increasingly targeting both IT and physical supply chains, launching widespread cyber-attacks, and devising new methods to extort money from businesses of all sizes. Given the heightened risk, […]
9mobile, Nigeria’s telco focused on customer satisfaction, has advocated for increased investments and inclusion of women in all aspects of national life during the 2024 International Women’s Day celebration. The telco emphasized that a deliberate policy to include women has the capacity to drive national growth and development, highlighting that no society can flourish without […]
