Category Archives: Economy
10 African Countries With The Highest Inflation Rate in 2025
Inflation is a challenge for several African economies in 2025, with growing consumer prices affecting the cost of living, purchasing power, and economic stability. The International Monetary Fund (IMF) World Economic Outlook report highlights that developing economies, including several countries in Africa, Europe, and the Middle East, are expected to experience double-digit inflation rates. High inflation in African countries raises concerns over economic
List of World Bank’s Top Debtors In Africa
The majority of the $38 billion (KSh 4.92 trillion) in loans taken out by the World Bank in 2024 came from African nations. Through the International Development Association (IDA), the bank offers loans and concessional grants to the governments of
Naira Gained At Official Market Against The Dollar
Nigerian local currency has slightly by 0.24 per cent against the United States dollar on the spot market segment on Friday to close at N462.33 per $1. According to data published by FMDQ, where forex is traded officially, the domestic unit
NCC CSIRT Discovers Banking App
The Nigerian Communications Commission’s Computer Security Incident Response Team (CSIRT) has discovered a newly-hatched malicious software that steals users’ banking app login credentials on Android devices. According to a security advisory from the NCC CSIRT, the malicious software called “Xenomorph”,
COVID-19: FIRS Rakes In N4.1 Trillion In 2020
The Federal Inland Revenue Service (FIRS) on Friday said it generated N4,178 trillion in taxes from January to October 2020. A senior compliance official Ezra Zubairu said the target for the period was N4.23 trillion, indicating that the amount generated
