Breaking news and insights at nigerianewsservice.com
China and Nigeria have renewed their $2 billion currency swap agreement for three years, aiming to enhance financial cooperation and lessen dependence on the U.S. dollar amid threats from U.S. …
China-Nigeria Renew $2 Billion Currency Swap Amid U.S. Tariff Warnings Read More
Tanzania has eliminated fees on card payments to boost digital transactions, contrasting sharply with Zimbabwe, where a 2% tax on electronic payments hinders adoption. While Tanzania’s digital payment usage is …
Tanzania’s Digital Payment Promotion vs. Zimbabwe’s Tax Hindrance Read More
Discovery Group has launched Cogence, South Africa’s first global discretionary fund manager, integrating BlackRock’s asset management expertise and Aladdin Wealth™ technology. The initiative addresses the complexities of investment markets while …
Discovery Launches Cogence: South Africa’s Premier Global Discretionary Fund Manager Read More
Uruguay’s Central Bank increased the benchmark interest rate from 8.5% to 8.75% to align with a 4.5% inflation target. Despite stable year-on-year inflation at 5.03%, core inflation is rising. GDP …
Uruguay’s Central Bank Raises Benchmark Interest Rate to Combat Inflation Read More
The World Bank has reversed its decade-long stance against financing large hydroelectric dams, recently endorsing the Rogun Dam in Tajikistan and potentially backing other large projects. Critics express concerns about …
World Bank Resumes Funding for Large Hydroelectric Dams Amid Controversies Read More
Nigeria and South Africa lead globally in digital asset ownership, with significant awareness and understanding among their populations. A high percentage of respondents have engaged with digital assets, driven by …
Nigeria and South Africa Dominate Global Digital Currency Ownership Read More
El Salvador will privatize or shut down its Chivo cryptocurrency wallet amid a $1.4 billion loan agreement with the IMF. While bitcoin stays legal tender, the government acknowledges low public …
El Salvador Moves to Close Chivo Wallet Amid Bitcoin Policy Shift Read More
During a bankers’ conclave in Agartala, Union Home Minister Amit Shah advocated for unique financial guidelines catering specifically to the Northeast region’s demographics and economic conditions. He highlighted the region’s …
Union Minister Shah Advocates Customized Banking Guidelines for Northeast Growth Read More
Ethiopia is implementing extensive economic reforms under Prime Minister Abiy Ahmed, including the floating of its currency, the birr, and opening its market to foreign investments. While these reforms aim …
Ethiopia’s Economic Reforms: Challenges and Uncertainties Ahead Read More
A Consensys report ranks Nigeria and South Africa as top countries for cryptocurrency ownership, with 73% and 68% ownership rates respectively. Practical uses for crypto drive adoption amid low traditional …
Nigeria and South Africa: Leading the World in Cryptocurrency Ownership Read More