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Technology
How airtime lending became telcos' multi-billion naira goldmine
In 2024, Samuel Ojimba travelled from Lagos to Zamfara. While in a local community, gunshots suddenly rang out, sending everyone fleeing......
Technology
How Moniepoint joined league of Nigerian unicorns
When Team Apt, a startup specialising in digital financial solutions, rebranded to Moniepoint in early 2023, it was processing $10 billion in transactions monthly for more than 400,000...
Editor | Oct 30, 2024
Economy
Nigeria's GDP Rebasing: What it means beyond the numbers
In 2014, Nigeria made global headlines when its economy was declared the largest in Africa, with the gross domestic product (GDP) surging by 89 percent to $510 billion....
Editor | Oct 29, 2024
Naira
Tumbling naira tests CBN resolve to build reserves
The naira fell to a fresh low in both the official and unofficial markets Monday as dollar liquidity tumbled, testing the Central Bank’s resolve to prioritize building its external reserves...
Editor | Oct 29, 2024
Housing
Investment in student housing rising on higher returns
There is a growing interest in student housing as investors enjoy favourable returns across campuses. The investment interest is driven by about 22 percent...
Editor | Oct 29, 2024
Oil & Gas
Nigeria taps Chevron, ExxonMobil for cooking gas relief
The Nigerian government is exploring partnerships with international oil giants, Chevron and ExxonMobil, in a bid to alleviate the persistent cooking gas shortages and soaring prices....
Editor | Oct 29, 2024
Economy
Nigeria’s GDP Rebasing: What it means beyond the numbers
Summary: As Nigeria prepares for its GDP and CPI rebasing in November 2024, the economy is expected to see a significant statistical boost, particularly from sectors like fintech, entertainment, and digital services....
Editor | Oct 28, 2024
Oil & Gas
Shell/Renaissance deal setback exposes crack in Nigeria's oil industry
An executive of global oil giant, Shell, once described Nigeria as the “jewel in the crown” of the oil major’s empire. Yet in recent years the jewel has lost its lustre....
Editor | Oct 28, 2024
Naira
Dollar funds' assets value nearly triple on naira devaluation
The net asset value of dollar funds rose to N1.67 trillion in the first nine months of 2024, from N550.5 billion reported in the corresponding period of 2023, according to BusinessDay analysis...
Editor | Oct 28, 2024
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