Business

The rhythm of Nigeria's business world
Wakanda
2 min read
Nigeria is grappling with a deepening economic crisis as the Naira plunged to an alarming exchange rate of 1,025 Naira to the US dollar in the parallel market. This decline, which continues to sow panic and instability, has ignited concerns among small-scale enterprises, manufacturers, and...
Wakanda
2 min read
Several filling stations in parts of Abuja were left without Premium Motor Spirit (PMS), causing panic among motorists and residents on Monday. This situation raised concerns of a potential fuel scarcity in Nigeria's capital city, with some speculating an imminent fuel price hike. Checks by...
Wakanda
2 min read
Introduction: Rising concerns grip Nigeria as the price of cooking gas skyrockets to unprecedented levels, with a kilogramme now fetching between N1,000 and N1,200. Daily Trust's investigative report delves into the root causes and far-reaching consequences of this alarming surge in cooking gas...
Wakanda
2 min read
AIICO Insurance Plc has initiated the implementation of the International Financial Reporting Standards (IFRS 17) in a move to enhance work processes and achieve excellence in financial reporting. IFRS 17 is a comprehensive standard designed to regulate accounting for insurance contracts...
Wakanda
1 min read
The Nigerian National Petroleum Company Limited (NNPC Ltd) has responded to allegations of underhand dealings in the award of contracts for pipeline rehabilitation, stating that the contracts were awarded based on rigorous evaluation criteria and industry standards. The company issued a...
Wakanda
1 min read
Stanbic IBTC Holdings Plc has launched its fintech subsidiary, Zest, aiming to transform the payment sector. During the launch event in Lagos, Group Chairman Basil Omiyi emphasized their vision to become the leading end-to-end financial services provider in the region. Omiyi stressed the...
Wakanda
1 min read
Ghanaian fintech startup, Dash, has ceased its operations after a tumultuous journey. Founded in 2019 by Prince Boakye Boampong, Dash aimed to create interoperability between mobile money wallets and bank accounts across Africa, streamlining cross-border payments. The company gained significant...
Wakanda
2 min read
In a recent report titled "Africa's Pulse," the World Bank has highlighted the sharp depreciation of the Nigerian Naira as one of the key economic challenges facing the African region. According to the report, the Naira has weakened by nearly 40 percent against the US dollar since a mid-June...
Wakanda
1 min read
In a noteworthy turn of events, the Nigerian Naira has displayed a substantial appreciation in its value against the United States Dollar at the Investors and Exporters (I&E) window. This development has sparked considerable interest and raised questions about the factors fueling this...
siteadmin
1 min read
Image by Gerd Altmann from Pixabay Fintech company OPay has become involved in a controversial situation that has surprised many Nigerians. Nairametrics reported that many Nigerians have discovered they have OPay accounts despite having yet to open one. This discovery has sparked questions and...
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