Nigeria limps out of recession in Q4 with 0.11% growth

Owning a car, something many Nigerians consider a pipe dream, would soon become more of a reality, particularly for low-income earners, when the Federal Government activates implementation of the planned 42 percent reduction in import tariff. With the planned reduction in levy, car importers would pay 35 percent duty and 5 percent levy (instead of […] Read Full Story

MTN’s ambition of building Africa’s largest fintech platform may be heading in the right direction after a partnership with Mastercard that was sealed on Tuesday. The partnership draws MTN closer to upstaging its closest rival, Safaricom, in Africa’s mobile banking market. The Mastercard partnership will allow millions of MTN customers in 16 countries across Africa […] Read Full Story

The foreign exchange market ended the week with naira losing 1.55 percent of its value to the dollar at the Investors and Exporters (I&E) forex window, despite improved liquidity. This was due to strong demand for dollars by the end users to meet their obligations. The market closed with the dollar being quoted at N404.67k […] Read Full Story