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‘Volatility, slow settlements limit crypto use in Africa’

‘Volatility, slow settlements limit crypto use in Africa’

Cryptocurrency payment platform built for African and emerging-market businesses, KuvarPay, has said that despite the growing global adoption of digital assets, many African merchants are still unable to benefit due to volatility concerns, slow settlement times and fragmented payment infrastructure. The firm said this while announcing its official market launch, noting that the platform enables […]

Nigeria’s 2026 outlook brightens, but oil, FX and policy shocks still pose risks —PwC

Nigeria’s 2026 outlook brightens, but oil, FX and policy shocks still pose risks —PwC

By Peter Egwuatu  Nigeria’s economic outlook for 2026 shows encouraging signs of stability and renewed business confidence, but  experts at PricewaterhouseCooper, PwC, warned that the gains remain fragile and highly exposed to oil market volatility, foreign exchange pressures and policy-induced shocks.  This was the consensus at the PwC and Businessday Executive Roundtable, on Nigeria’s 2026 Budget […]

Payment downtime spikes during ‘Detty December’, CBN reveals

Payment downtime spikes during ‘Detty December’, CBN reveals

By Babajide Komolafe The Central Bank of Nigeria, CBN, has disclosed that payment system downtime and service interruptions increased significantly during the December festive season, popularly known in Lagos as “Detty December,” exposing coordination gaps across Nigeria’s digital payments ecosystem. According to the CBN Fintech Report, insights drawn from surveys of fintech executives, stakeholder workshops and […]

Wike, Labour reach midnight truce as strike is suspended

Wike, Labour reach midnight truce as strike is suspended

The Federal Capital Territory (FCT) Minister, Nyesom Wike, and organised labour unions have reached a midnight agreement that led to the suspension of the ongoing strike and the immediate resumption of work by affected employees.

Nigerian content policy not targeted at foreign oil companies — FG

Nigerian content policy not targeted at foreign oil companies — FG

By Obas Esiedesa, Abuja The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has clarified that the Nigeria’s local content policy was not designed to restrict scope of operation of foreign oil companies in the country’s oil and gas sector. Lokpobiri spoke at the pre-conference opening of the 2026 Nigeria International Energy Summit (NIES) in […]