E-Transactions In Nigeria Now 3.5bn, Ranked 6th Globally   Following various policies by the Central bank of Nigeria (CBN) to boost cashless economy, analysts have noted that electronic transactions in Nigeria peaked at 3.5 billion in 2022, thus ranking Nigeria number 6 globally. Also, going into 2023,...

U.S.-Africa Forum Partners Nigeria, Rwanda On Space Exploration   STATEMENT: Strengthening the U.S.-Africa Partnership in Space The U.S.-Africa Leaders Summit featured the first-ever U.S.-Africa Space Forum. The Forum reaffirmed the United States’ commitment to collaborating with African partners on the peaceful use and exploration of outer space to meet...

Nigeria Risks Food Crisis in 2023 - IMF The International Monetary Fund has said that Nigerians should brace up for higher food prices/ risks in 2023 due to recent floods and high fertilizer prices. According to the National Bureau of Statistics, food inflation hit 23.72 per...

US Dollar Crashes as Naira appreciates to N740/$ at Black Market For the first time in this month, November 2022, the Nigerian currency, Naira has appreciated significantly against the US dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators who...

'Nigeria, Africa Require $40bn For Stable Electricity'   Nigeria and African countries will require an average of $40bn power grid investments annually for about five years to deliver stable electricity to citizens on the continent, the Group Managing Director, Sahara Power Group, Kola Adesina, has said. He...

Report Reveals Nigeria Spent N75bn On Hazardous Imports   A non-governmental organisation, Sustainable Research and Action for Environmental Development (SRADev) has said that between 2020 to 2021, Nigeria spent N75bn on the importation of highly hazardous pesticides. The Executive Director, SRADev, Dr Leslie Adogame, said this while...