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Nigeria is now the second largest bitcoin market after the US. According to details obtained from Quartz, Nigeria peaks at second place with a volume of 60, 215 BTC valued at more than $566 million. This makes Nigeria, asides the US, the largest volume globally on Paxful, a leading peer-to-peer bitcoin marketplace. Experts attribute this…
According to the latest capital importation report released by the National Bureau of Statistics (NBS), Nigeria received a sum of $1.46 billion from capital inflows in the third quarter of 2020, as against $1.29 billion received in the previous quarter (Q2 2020). This indicates a 12.86% increase. It however dipped by 74.03% as against $5.63…
Environmentalists have continued to lament the high level of waste in the country and the subsequent need to address it. Now, more than ever, there is the urgent need for proper collection and recycling of used packages and containers littering the drainages and waterways if one must build a sane environment. Statistics reveal that about…
The FG’s current drive to diversify the nation’s economy is yielding results and the recent launch of the National Gas Expansion Program and National Autogas Roll-out Initiative is proof of this. The initiative aims to convert about one million cars from petrol powered to Compressed Natural Gas powered by the last quarter of 2021. Furthermore,…
The FirstMobile App, a digital bank application attributed to First Bank has been awarded the 2020 Best Mobile Banking App in the Global Finance Best Digital Bank Awards 2020. This was revealed in a statement released by Mr Gbenga Shobo, the Deputy Managing Director of the bank. The achievement is anchored on the bank’s relative…
The Nigerian National Petroleum Corporation (NNPC) has completed the construction of Escravos-Lagos pipeline phase 2 (36’x342km). There will be the immediate transmission of gas to power stations in the country. Zakhlem Construction Nigeria Limited assigned the project to the NNPC.The construction company is one of the biggest construction pipeline with the potential to serve many…
The Nigerian economy has lost over N700 billion to the #EndSARS protest over the last 12 days. This has led to growing concerns as efforts are being made towards resuscitation of national economic activities due to the economic redundancy caused by the Covid-19 lockdown. Reports have it that the Lagos State Government has lost at…
The presidency has stated that it is considering an omnibus reform bill that will improve the quality of business across the country. The bill will enclose all the reforms introduced so far into the business sector of the economy in a single legislative framework. According to reports, the bill is undergoing working preparations by the…
Amidst the rising panic over the nation’s debt, opinions have been expressed concerning the effect of such debt rate on the economy. Professor Yemi Osibanjo, the Vice-President spoke on Wednesday at a media roundtable to address the issue. He said Nigerians shouldn’t be bothered about the country’s high public debt rate and the means to…
The recently announced hike in the pump price of Premium Motor Spirit (PMS) and electricity tariff is generally perceived as doom for most Nigerian homes. This is comprehensible as many are still grappling with the backlash of the total lockdown occasioned by the Covid-19 pandemic. It won’t be out of place to express such apprehension as…
