IMF Reports Rising Use of Stablecoins in Nigeria as Crypto Inflows Hit $59 Billion
The International Monetary Fund (IMF) has revealed that more Nigerians are turning to U.S. dollar-backed stablecoins and digital payment platforms for sending and receiving money across borders, with crypto-related inflows reaching approximately $59 billion between July 2023 and June 2024. According to a report titled “Stablecoins in...
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News
Enugu Air, Airport Concession Critical to Enugu’s $30bn GDP Ambition
The Enugu State Government has identified the launch of Enugu Air and the planned concession of the Akanu Ibiam International...
Cooking Gas Marketers Plan Massive Imports After 140% LPG Price Surge
Nigeria's cooking gas marketers are preparing for large-scale imports of liquefied petroleum gas (LPG) following a dramatic 140 percent increase...
Oil Falls to $83 After US-Iran Accord Eases Supply Concerns
Global oil prices retreated to $83 per barrel on Tuesday after a diplomatic breakthrough between the United States and Iran...
FAAN Investigates Alleged Gold Smuggling Involving Airport Staff
The Federal Airports Authority of Nigeria (FAAN) has opened an investigation into allegations that some airport personnel may have been...
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CBN Orders Banks to Localise Payments Data to Strengthen Oversight
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Dangote, AFC Sign $600 Million Deal to Expand Fertiliser Production
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CBN Unveils New Benchmark Rate to Strengthen Financial Market Credibility
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FAAN Investigates Alleged Gold Smuggling Involving Airport Staff
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Nigeria Gas Production Rises as Domestic Sales Reach 2.18bcf/d
Technology
Galaxy Backbone Unveils Plan to Boost Nigeria’s Digital Future with AI, Cloud and Cybersecurity Investments
Nigeria’s leading digital infrastructure agency, Galaxy Backbone (GBB), has announced new strategies aimed at...
