FeaturedOil & GasDecline of Nigeria crude exports: Country heading towards economic collapse?IFM CorrespondentAugust 1, 2022 by IFM CorrespondentAugust 1, 2022 The Excess Crude Account and fuel subsidies have depleted state coffers in the first four months of 2022.... Read more
FeaturedFintechCanadian fintech Periculum officially launches in NigeriaIFM CorrespondentJanuary 19, 2022 by IFM CorrespondentJanuary 19, 2022 The company aims to solve the challenging domestic credit problem in the underserved markets... Read more
FeaturedIslamic BankingNigeria to issue $610 mn sovereign sukuk on its domestic marketIFM CorrespondentNovember 4, 2021 by IFM CorrespondentNovember 4, 2021 The fund is being raised to finance road projects, according to the Debt Management Office... Read more
CurrencyFeaturedNigeria launches Africa’s first digital currency after banning crypto exchangesIFM CorrespondentOctober 28, 2021 by IFM CorrespondentOctober 28, 2021 The e-Naira could potentially boost Nigeria's GDP by $29 bn over the next decade... Read more
EnergyFeaturedEU to allocate $65 mn to boost Nigeria’s electricity sectorIFM CorrespondentOctober 8, 2021 by IFM CorrespondentOctober 8, 2021 The EU is collaborating with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit... Read more
FeaturedFintechUntapped Global and Paga partner to make digital payments seamless in NigeriaIFM CorrespondentSeptember 30, 2021 by IFM CorrespondentSeptember 30, 2021 The partnership focuses to empower small businesses to accept digitised payment... Read more
FeaturedInsuranceUK fintech Symplifi partners with AXA for health insurance in NigeriaIFM CorrespondentSeptember 22, 2021 by IFM CorrespondentSeptember 22, 2021 The insurance benefits will be available when the customer apply and secure loans on the SympliFi app... Read more
EconomyFeaturedNigerian economy to grow by 3% in 2021: Central Bank governorWebAdminSeptember 15, 2021 by WebAdminSeptember 15, 2021 This announcement comes after lockdown measures were eased and vaccination was increased, leading to a boost in travel and tourism... Read more
FeaturedReal EstateNigeria’s real estate sector is in a fixWebAdminSeptember 9, 2021September 9, 2021 by WebAdminSeptember 9, 2021September 9, 2021 Increasing rent also makes securing accommodation difficult... Read more
FeaturedTechnologyVC LoftyInc Capital announces fund to invest in tech startups across AfricaWebAdminSeptember 2, 2021 by WebAdminSeptember 2, 2021 The LoftyInc Afropreneurs Fund 3 will invest nearly $10 mn in tech businesses in Africa... Read more