Connect with us


Video: New currency designs will enhance cashless economy – Nigeria’s central bank governor, Emefiele



Nigeria on Wednesday unveiled a new Naira note as part of government measures to control the amount of money in circulation.

Nigeria’s central bank governor, Godwin Emiefele during the unveiling hinted that the process for cash withdrawal from the banking system in the country would be reformed to discourage cash-based transactions.

Watch him speak on the matter below:


Video: Kenya considering debt-for-food, nature deals —Cabinet Secretary



In this video, Kenya’s Treasury Cabinet Secretary, Prof. Njuguna Ndung’u, during the recent Medium-Term Debt Strategy 2024, revealed that his country was exploring debt-for-food security & debt-for-nature swaps as talks were underway with the World Food Programme.

The country is also discussing a debt-for-medicine swap while pushing the prospect of a debt-for-nature swap to the back burner.

Watch the video below:

Continue Reading


Video: Nigeria’s Tinubu meets private sector executives over cost of living crisis 



In this video, President Bola Tinubu of Nigeria spoke with executives in the private sector about the nation’s rising cost of living and the steps being taken to solve it.


“The people of this country are only the people we have to please and we are very much concerned, from students to mothers, fathers, farmers, traders and realizing that everyone has to fetch water from the same well.


“We are looking additional efforts that might help the downtrodden Nigerians and we will provide that hope and assurance that the economic recovery is on its way. We are not saying that we have all the answers but we will not be blamed for not trying,” Tinubu said in the video.


Aliko Dangote, the richest man in Africa and the owner of Dangote Industries, along with businessmen, AbdulSamad Rabiu and Tony Elumelu, were in attendance.


Following the meeting, Mr. Dangote told reporters that “the economy, food security, and security of the nation” were the topics of discussion at the Presidential Villa in Abuja.


Nigeria is in the middle of its worst economic crisis in decades following the removal of subsidy on petrol and the floating of its currency. Its inflation is at a record high of 29.9℅. The situation has led to a surge in the cost of living and pressure on President Tinubu who came into power nine months ago.

Continue Reading


Sports8 hours ago

Exclusive: How Super Eagles captain Musa parted ways with Turkish club Sivasspor

Contrary to various reports in some Nigerian media that Turkish Super Lig club, Sivasspor, sacked Super Eagles captain, Ahmed Musa,...

Tech11 hours ago

IFC to support 100 women-led startups through She Wins Africa

The International Financial Corporation (IFC) has selected 100 women-led startup owners to support through the She Wins Africa program, an...

VenturesNow11 hours ago

Highest in East Africa, Uganda’s trade surplus with Congo DR hits $53 million

According to the Ministry of Finance’s Performance of the Economy report, Uganda had the largest trade surplus with the Democratic...

Culture11 hours ago

SA police arrest seven suspects in connection with rapper AKA’s murder

The South African Police says it has arrested seven suspects in connection with the murder of rapper, Kiernan Forbes, popularly...

Metro12 hours ago

Zambian Police to charge ex-President Lungu over ‘people will rise’ comment

The Zambian Police says they are going to charge former President Edgar Lungu to court over a recent comment credited...

Musings From Abroad18 hours ago

US appoints Tom Perriello new special envoy to Sudan

In an attempt to exert direct influence over Sudan’s peace process, the United States has appointed congressman and former diplomat,...

VenturesNow18 hours ago

Nigeria’s Central Bank clears another $400 million FX backlog

The Central Bank of Nigeria (CNB) paid out an additional $400 million in legitimate foreign exchange backlog to individuals who...

Metro19 hours ago

Nigerian govt debunks coup reports

The Nigerian government has dismissed a report that has been making the rounds in the past couple of days of...

VenturesNow19 hours ago

Nigeria’s central bank raises interest rate to 22.75 %

The Central Bank of Nigeria (CBN), during its Monetary Policy Committee (MPC) meeting on Tuesday, raised its benchmark interest rate,...

VenturesNow19 hours ago

Nigeria’s central bank issues guidelines to oversee digital platforms in financial institutions

Nigeria’s central bank, the CBN, has released new regulations dubbed ‘Exposure Draft of the Risk-based Cyber Cyber-security Framework and Guidelines...