Blockchain technology, often associated with cryptocurrencies like Bitcoin, has gained significant traction worldwide due to its innovative and secure approach to data management. In essence, blockchain is a distributed ledger that records transactions across a network of computers. What sets it apart is its transparency and immutability, making it nearly ...
In a digital age where the security of personal and sensitive information is paramount, Hyperspace Technologies Limited is making waves with its groundbreaking Multi-Factor Authentication (MFA) system driven by blockchain technology. Known as cipherKEY tap2sign™ MFA, this innovative security solution leverages the power of blockchain, public/private key cryptography, and Near ...
The recent announcement by the Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, regarding the repayment of outstanding forward contract debts to banks has raised questions about its potential impact on the value of the Naira against the US dollar. In this review, we delve into the ...
Recent findings by The PUNCH have shed light on Nigeria's substantial undisbursed World Bank loan, totalling approximately $8.25 billion as of July 2023. This revelation is based on data sourced from the Summary Statement of Loans/Credit/Grants available on the World Bank's official website. Some Background A closer examination of the ...
In a world that's rapidly embracing digital solutions, Nigeria has been no exception. However, this technological shift has come with its fair share of challenges, especially in the realm of international transactions. The scarcity of foreign exchange (forex) in Nigeria has left many searching for alternative payment methods, and traditional ...
The recent meeting between Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan failed to breathe new life into the UN-brokered Black Sea grain deal. This agreement ensured safe passage for Ukrainian grain shipments to global markets, including Africa, the Middle East, and Asia, but had been suspended since ...
In a recent virtual religious event, the former Emir of Kano and former Central Bank of Nigeria (CBN) governor, Muhammadu Sanusi, exhibited restraint when discussing President Bola Tinubu and Nigeria's ongoing economic struggles. He tried to exonerate Tinubu from the ongoing economic woes in Nigeria, while putting the whole blame ...
In a significant development, PZ Cussons Nigeria Plc (PZCN) has unveiled a game-changing plan. The company's holding entity, PZ Cussons (Holdings) Limited, intends to acquire all outstanding shares from its shareholders at an impressive rate of N21 per share. More Details of the Plan PZCN currently boasts 3,970,477,045 shares listed ...
In what comes as a piece of good news for shareholders, Guaranty Trust Holdings Plc (GTCO) is set to distribute an interim dividend of N14.72 billion for the first half of 2023. This dividend translates to 50 kobo per share. The decision was recently put forth by the company's Board ...
In the world of economics, predicting the future is often akin to peering into a crystal ball. For a large part of 2023, this crystal ball seemed unusually bright, with the global economy outperforming expectations. The unexpected strength came from robust consumer demand and healthy labour markets, prompting economists to ...
Recent investigations have cast a spotlight on the activities of Chinese companies operating in Nigeria's financial sector, raising concerns about potential illegal activities that could undermine the integrity of the nation's financial systems. Background to the Story In recent years, Chinese firms have significantly expanded their presence in Nigeria's financial ...
On September 6, all eyes will be on Nigeria's Presidential Election Petition Court (PEPC) as it prepares to deliver judgment on the contentious February 25 presidential election. The main focus of this judgment revolves around the victory claimed by Senator Ahmed Bola Tinubu and his party, the All Progressives Congress ...
Financial inclusion in Nigeria has faced numerous challenges, hindering the Central Bank of Nigeria's (CBN) goal to increase it to 95 percent by 2024. In a report by The Guardian, a concerning issue has emerged which suggests an alleged illegal mining of customer data through point of sales (PoS) terminals ...
Mike Adenuga, a name synonymous with wealth and success, is undeniably one of Nigeria's most prominent and influential business figures. With a fortune built on the twin pillars of telecommunications and oil production, Adenuga's rise to becoming Nigeria's second richest man is nothing short of extraordinary. Early Life and Education ...
Abdul Samad Rabiu, a prominent Nigerian industrialist and entrepreneur, has left an indelible mark on the business landscape of Nigeria and beyond. As the founder and chairman of BUA Group, a diversified conglomerate with a strong focus on manufacturing, infrastructure, and agriculture, Rabiu's journey is one of resilience, innovation, and ...
In the dynamic world of finance, predicting the movements of stock markets is both a science and an art. For investors looking to seize opportunities and make informed decisions, it's essential to keep an eye on the signals that suggest a potential uptick in the stock market. Here, we present ...
In a bid to provide investment opportunities for Nigerians, the Debt Management Office (DMO) has officially opened subscriptions for Federal Government bonds. These bonds come with attractive interest rates of 11.031% for the two-year tenure and 12.031% for the three-year tenure, per annum. This disclosure was made by the DMO ...
In a significant move toward expanding its product offerings, Nigerian fintech startup Anchor has successfully raised $2.4 million in a seed round. This latest funding injection comes just a year after the banking-as-a-service (BaaS) provider secured over $1 million in a pre-seed round, bringing its total funding to an impressive ...
In a highly anticipated turn of events, the verdict on the petitions filed by the People's Democratic Party (PDP) and its candidate Atiku Abubakar, as well as the Labour Party and Peter Obi, is set to be unveiled on Wednesday, September 6, 2023. This significant development was formally announced by ...
In a recent revelation, the Department of State Services (DSS) has sounded an alarm regarding alleged plots by certain politicians to orchestrate violent protests against the Federal Government. This disclosure comes as a matter of national security, with the security agency stating that these planned protests are rooted in economic ...
In a monumental stride towards empowering Africa's youth and combatting climate change, Akinwunmi Adesina, President of the African Development Bank (AfDB), has unveiled a groundbreaking $1 billion climate adaptation initiative. Some Background to the Story This visionary project, forged in partnership with the Global Center on Adaptation, was announced during ...
The movement of Nigerians to the United Kingdom has long been a topic of interest and analysis. In recent years, the numbers have continued to rise, prompting discussions about the implications and trends associated with this migration. In this report, we delve into the data and insights surrounding Nigerians who ...
Canada, often celebrated as a land of opportunities, has for years been a beacon for international students seeking a brighter future. With its world-class education system and welcoming atmosphere, Canada has lured thousands of ambitious individuals from around the globe. The promise of a Canadian education leading to permanent residency ...
Canada is grappling with a persistent housing crisis, marked by a 6% increase in the average selling price within six months, reaching CA$668,754. Additionally, the average rental price for a one-bedroom apartment has surged to CA$2,078. Policymakers are now scrutinizing the role of international students in driving these soaring housing ...
In a recent update to its privacy policy, billionaire Elon Musk's platform, X, formerly known as Twitter, is set to introduce significant changes that have sparked discussions regarding user data collection and its implications. This report delves into the details of these policy modifications and their potential consequences. What Elun ...
In a notable revelation during his inaugural press conference as Minister of Finance and Coordinating Minister of the Economy, Chief Olawale Edun candidly acknowledged that the nation's economic stability had been elusive for nearly a decade. This admission has sent ripples across the political landscape and has led to ...
In a significant update to its mobile app, YouTube Music has introduced a comments section on its 'Now Playing' screen. This move aims to enhance the user experience by allowing music enthusiasts to engage with comments related to specific tracks and videos directly from the app. This report delves into ...
A recent report by The Technology Councils of North America (TECNA) and Canada’s Tech Network (CTN) highlights Nigeria's prominent position as the second-largest source of tech talent professionals migrating to Canada. This trend is part of a broader movement of tech talent to Canada, primarily from India, Nigeria, and Brazil. ...
Artur Eze, a prominent Nigerian businessman and the CEO of Atlas Oranto Petroleum, has emerged as a key player in the country's energy landscape. Born on November 27, 1948, in the Southern-Eastern region of Nigeria, Eze's journey to success is a testament to his determination and business acumen. From his ...
In his maiden press conference as Minister of Finance and Coordinating Minister of the Economy, Chief Olawale Edun addressed the pressing economic challenges facing Nigeria. He candidly acknowledged that the nation's economic stability had been elusive for nearly a decade. Edun pointed out that the current economic landscape was marked ...
