For months Nigeria’s monetary authorities kept money rates low but with inflation galloping at fast pace and an early exit from economic contraction, the era of cheap money in Africa’s largest economy could be about to end, economists say. Last week, GT Bank became the first top tier bank to make the move. GT Bank…
The high rate of unemployment, inadequate power supply and infrastructure deficit received attention on Tuesday at Ehingbeti as Ngozi Okonjo-Iweala, the just-elected director-general of the World Trade Organization (WTO), and other speakers advised the current administration to address these challenges to have the “Lagos of our dream”. Ehingbeti is an ingenuous socio-economic apparatus that has […] Read Full Story
By Providence Adeyinka ECONOMY A firm, 234Parts.com has introduced online platform for the automobile sector, to connect spare parts buyers and sellers, dealers, auto workshops and car owners. A statement from the Managing Director of 234Parts.com, Mr. Godson Madu, said that the site boasts of over 370,000 car parts listings with 28,000 unique products from
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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