How Rising Fuel Costs Are Driving Nigeria’s Transition to CNG
In the aftermath of the rapid and constant increase in fuel prices in Nigeria, drivers in major cities like Abuja, Lagos, Benin, and Ibadan are becoming early adopters of CNG (compressed natural…
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Jumia Cuts Losses to $19M (₦30bn) Despite Forex Challenges
In its pursuit of profitability, Jumia meticulously reduced losses in Q2 2024 through sales and marketing…
Kenya Reduces Interest Rate to 12.75% Amid Cooling Inflation
In July, the Central Bank of Kenya (CBK) announced it would reduce the interest rate by…
Unity Bank Seeks ₦700 Billion Support from CBN for Providus Bank Merger
The Central Bank of Nigeria (CBN) has announced that it will provide a facility to support…
Access Bank Lowers Stake in Botswana Subsidiary for Regulatory Compliance
To comply with the listing requirements of the Botswana Stock Exchange (BSE), Access Bank has reduced…
First Bank Fires Over 100 Employees, Freezes Accounts Amid ₦40bn Fraud
In July 2024, First Bank terminated over 100 employees in connection with a ₦40 billion fraud…
Bitcoin Dips to $52,000 as Ethereum Falls to $2,100
Bitcoin has fallen over 13% in the past two days, hovering at $52,000, while Ethereum dropped…
Nationwide Internet Blackout on Day 1 of Nigerian Protests
On Monday, August 1, 2024, citizens of Nigeria embarked on a ten-day nationwide protest against the…
New US Visa Update: Relief for Individuals Refused Under P.P.9645
If your visa application to the United States was denied under Presidential Proclamation 9645 (issued in…