Browsing Category
Economy
34 posts
Nigeria Ranked As Africa’s Second Most Cyber-secure Country After Senegal
Nigeria has been recognized as the second most cyber-secure country in Africa, following Senegal. According to a report…
Goldman Sachs Has Joined Other Major Wall Street Banks In Revising Down Its Growth Forecast For China
Goldman Sachs, in line with other major Wall Street banks, has revised its growth forecast for China downwards,…
Federal Reserve Pause: Global Central Banks Take Divergent Paths With Rate Cuts, Hikes, And Pauses
Last week, major central banks around the world choose different paths in their approach to monetary policy, with…
The Growing Mortgage Crisis In The UK As Lending Rates Skyrocket
Experts have issued a warning about a looming cliff edge that could have detrimental effects on the U.K.…
Nigeria’s e-Payment Transactions Grew By 42% To N387 trillion In 2022
According to data from the Nigeria Inter-Bank Settlement System (NIBSS), electronic payment transactions in the country grew by…
Amazon Plans To Lay Off 18,000 workers, More Than Meta Did Last Year
Amazon has announced that it will be cutting down its employee headcount, and now plans to reduce more…
Salesforce Announces A 10 Percent Cut Off Its Employee Headcount
American cloud-based software company Salesforce has announced that it will be reducing its headcount this year. The announcement…
Nigeria’s POS Transactions Hit A Monthly All-time High Of N735.6 Billion In September 2022
In September, the value of transactions conducted via point of sales (POS) terminals ran into a total of…
Nigeria’s e-Payment Transactions Value Stood At N32.8 Trillion In September 2022
In the month of September, transactions worth N32.8 trillion were performed electronically through the NIBSS Instant Payment platform…
Google Announces The Launch Of A Cloud Region In South Africa, Its First In Africa
Today, tech giant Google announced the launch of its first cloud region in Africa. Located in South Africa,…