The Naira fell 1.47% against the dollar in the black market after the Central Bank of Nigeria raised its monetary policy rate to 26.25%. Financial experts cite increased dollar demand and inflation concerns. The drop raises import costs, impacting businesses and the broader Nigerian economy...
HerRyde, a women-only ride-hailing app in Nigeria, has temporarily suspended operations after a successful year-long trial in Abuja, aiming to improve its system and secure additional funding for future expansion. The app empowered women drivers and prioritized passenger safety.
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Discover the impact of escalating food prices on Nigerian households amidst stagnant wages. Explore the latest costs of essential staples like rice, beans, and garri, highlighting the financial strain on citizens. Calls for government intervention intensify as families struggle to meet basic...
http://saharareporters.com/2020/02/28/coronavirus-nigerian-traders-china-town-lament-decline-sales
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Below are the 10 countries perceived to be the most corrupt, and more country-related rankings can be found here. Country Corrupt Rank Best Countries Overall Rank Colombia. 1. 51 Mexico. 2. 33 Ghana. 3. 67 Myanmar. 4. 57 Guatemala. 5. 65 Saudi Arabia. 6. 31 Brazil. 7. 28 Kenya. …
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Jumia has confirmed that it is offloading its hotel and flight bookings vertical, Jumia Travel, which will now be handled by Travelstart, a major player in the sector.
“We have decided to enter into a partnership with our partner, Travelstart. While we will continue to promote the Travel...
The consumer price index, which measures inflation, rose to 11.61% in October, data released by the National Bureau of Statistics (NBS) has shown.
This is an increase of 0.36 percentage points compared to 11.24% recorded in September.
This was the exact inflation rate recorded in May 2018 when...
Bill Gates, the world’s richest man for nearly two decades, says he has paid over $10 billion in taxes, adding that he is willing to pay as much as $20 billion.
Speaking about the US 2020 elections and the tax policies between the Democrats and the Republicans, Gates said he is willing to...
NEW YORK, Sept 4 (Reuters) – A U.S. judge on Wednesday rejected Exxon Mobil Corp’s and Royal Dutch Shell Plc’s effort to revive a $1.8 billion arbitration award against Nigeria’s state-run oil company, which stemmed from a dispute over a 1993 contract to extract oil near …
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Oil prices jumped as much as 4 per cent on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of Hormuz, through which a fifth of global oil consumption passes.....
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Having a fake currency note in your pocket is as good as walking around with a piece of paper. Because there’s absolutely no single monetary value attached to a fake currency, especially here in Nigeria.....
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outh African telecoms giant MTN has paid more than three-quarters of a record $1.5-billion dollar fine levelled by Nigeria for failing to disconnect unregistered subscribers, the government said late Tuesday. Africa’s biggest wireless operator…
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The popular TV show The Men Who Built America, has a lot of important business lessons and entrepreneurs and policymakers everywhere. This is because the focuses on some of the greatest business strategies some of the....
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China wants everything from Africa: its strategic location, its oil, its rare earth metals, and its fish, leaving African nations indebted to Beijing....
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Oil prices dipped on Thursday after data showed record U.S. crude oil production, which resulted in a surge in stockpiles. Outside the United States, however, oil markets remained tense as all exemptions to U.S. sanctions on Iran expire, the political crisis in Venezuela escalates…
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Minister of State for Petroleum Resources, Ibe Kachikwu, yesterday in Riyadh, Saudi Arabia, said about N900 billion ($2.5 billion) is required to rehabilitate Nigeria’s refineries....
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BlackBerry Messenger's consumer service will close down on May 31, 2019, the company announced in a blog post earlier this week. It's unclear how many users will be affected, but since its launch.....
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Good morning! This is the tech news you need to know this Wednesday. Netflix posted its biggest quarter ever for paid subscriber growth, adding 9.6 million net paid subscribers globally. But the company’s guidance for subscriber growth was weaker for the second quarter than...
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SINGAPORE — Creative Technology founder and one of Singapore’s greatest entrepreneurs, Sim Wong Hoo, has some advice for budding entrepreneurs. “Don’t get married”. The 63-year-old grinned at this writer’s shocked expression and explained that entrepreneurs need to be focused and committed, and...
In line with its commitment to provide mobile developer training to 100,000 Africans to develop world class apps, Google has said it is offering 30,000 scholarship opportunities and....
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