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Category: Finance

A 2025 Overview of the Current and Future Biggest Economies in Africa
BusinessFinance

A 2025 Overview of the Current and Future Biggest Economies in Africa

Approximate GDP sizes in 2030 for a few would look similar to this: Egypt, USD 600-800 billion. Nigeria, USD 550-750 billion, South Africa, USD 550-700 billion, Algeria, USD 350-500B, depending on oil prices. Morocco & Kenya, USD 250-400 billion.

Christina NgeneSeptember 12, 2025September 12, 2025
Yuan-based Trading Challenges Business Owners in New Naira Trade Deal
FinanceNGX

Yuan-based Trading Challenges Business Owners in New Naira Trade Deal

While China’s willingness to accept naira marks a potential shift toward de-dollarising trade and improving transaction efficiency, the impact remains largely limited by structural issues.

Christina NgeneSeptember 8, 2025September 8, 2025
Naira Uptick on September 8 is Thanks to a Weakening Dollar, CBN Intervention
BusinessFinance

Naira Uptick on September 8 is Thanks to a Weakening Dollar, CBN Intervention

The month comes with one of the best Naira outlooks of the year, having started at a decent rate and maintaining the trend within the first week.

Christina NgeneSeptember 8, 2025September 8, 2025
Power Companies Failing as Banks/Lenders in a Hurry to Recover Debt
FeaturedFinance

Power Companies Failing as Banks/Lenders in a Hurry to Recover Debt

The appointment of a receiver to KEPCO and Egbin Power illustrates that banks are no longer confident in these companies’ ability to repay debts.

Christina NgeneAugust 6, 2025August 6, 2025
Nigerian Entrepreneur Charged With Fraud in Houston Faces 25 Years in Jail
FeaturedFinance

Nigerian Entrepreneur Charged With Fraud in Houston Faces 25 Years in Jail

If convicted, Adiakpan could face up to 25 years in prison and fines up to $750,000.

The case is being investigated by the FBI and IRS and prosecuted by U.S. Attorneys.

Christina NgeneJune 27, 2025June 29, 2025
More Ponzi Schemes Like CBEX Could Succeed in Nigeria Without Action
Finance

More Ponzi Schemes Like CBEX Could Succeed in Nigeria Without Action

People are drawn to Ponzi Schemes like CBEX because of the total absence of financial literacy.

The perpetrators know exactly how to exploit this, hence, the frequent repetition.

Christina NgeneApril 25, 2025April 25, 2025
Tony Elumelu talks about the rise of young business owners
BusinessFinance

Tony Elumelu talks about the rise of young business owners

Following the announcement of the TEF 2021 cohort of 4,949 entrepreneurs, the founder, Tony Elumelu joined the IOD Annual Conference…

Christina NgeneDecember 6, 2021December 6, 2021
CBN eNaira wallet limits, minimum balances for all account types
BusinessFinance

CBN eNaira wallet limits, minimum balances for all account types

For the purpose of the eNaira account operations, limits and balances, the Central Bank of Nigeria, CBN grouped customers into…

Christina NgeneNovember 17, 2021November 17, 2021
TEF selected 2021 entrepreneurs includes 1522 from Nigeria
BusinessFinance

TEF selected 2021 entrepreneurs includes 1522 from Nigeria

The Tony Elumelu Foundation, TEF has announced its 2021 cohort of 4,949 entrepreneurs – the most extensive yet. TEF 2021…

Christina NgeneNovember 12, 2021November 12, 2021
TEF names 4,949 entrepreneurs eligible for its $5000 seed capital in 2021
BusinessFinance

TEF names 4,949 entrepreneurs eligible for its $5000 seed capital in 2021

The TEF Founder, Tony O Elumelu, today is hosting an event to unveil the names of 4,949 entrepreneurs from the 54…

Christina NgeneNovember 12, 2021November 12, 2021

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News Summary Today

The explosion and a suspected attack on the Trans-Niger Pipeline, TNP, have warranted a state of emergency in Rivers State. President Bola Tinubu made the announcement Tuesday, where he also suspended the current administration as well as, instated a new leader, Vice Admiral Ibokette Ibas, for six months to run the affairs of the state.

Recent Posts

  • A 2025 Overview of the Current and Future Biggest Economies in Africa
  • Akwa Ibom Lawmaker, Idem Champions Next-Gen Human Capital Investment
  • New Mini-Grids Deed to Improve Electricity Access for 17.5m People in Nigeria
  • Yuan-based Trading Challenges Business Owners in New Naira Trade Deal
  • Naira Uptick on September 8 is Thanks to a Weakening Dollar, CBN Intervention

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