City Lagos Financial News

Nigeria’s central bank digital currency (CBDC) is not getting the warm reception expected from its crypto-savvy population.

Humanity’s future lies in some of the most vulnerable spots on the planet. We’ve seen that in stark relief of late. A United Nations report last month concluded that the world’s population is increasingly crowded into a group of often low-lying, middle-income megacities in Asia and Africa.Jakarta and Dhaka dethroned Tokyo’s long-held status as the world’s biggest city, with 42 million, 37 million and 33 million people respectively.

Narendra Modi's historic visit to Nigeria from November 16-17 can open investment opportunities for Indian companies in the mining, infrastructure and defence sectors in the African nation. This would be the first visit by an Indian PM to resource-rich West Africa in 17 years. Modi’s visit will also seek to boost security, counter-terror, defence industry and energy partnership, ET has learnt. The previous visit by an Indian PM to Nigeria was by Manmohan Singh in Oct 2007. During that visit, both countries elevated the status of their bilateral relationship to a “Strategic Partnership’.

Taiwan has rejected South Africa’s demand that it move its representative office in the country from the capital, Pretoria, to the commercial center of Johannesburg

FanCode has signed a three year deal with T Ten Global for streaming rights of Zim Afro T10, Abu Dhabi T10 and Lanka T10. The second edition of Zim Afro T10 will start on September 21 and is expected to produce nine days of high-quality cricket, with the likes of David Warner, Dawid Malan, Yasir Shah, Carlos Brathwaite, and Colin Munro, all in the mix. The tournament will put the spotlight on cricket’s fastest format at the Harare Sports Club. The six franchises in the tournament are the Harare Bolts, Bulawayo Brave Jaguars, Cape Town Samp Army, Durban Wolves, Jo’Burg Bangla Tigers and the NYS Lagos.

okada, and boda boda. They are transforming mobility in Africa. Behind the rise is a story of supply and demand.

Nigerian legislators have begun an investigation into the alleged importation of contaminated fuel into the country, part of efforts to resolve issues causing a rift between an oil refinery owned by Africa’s richest man Aliko Dangote and the industry r...

Tools For Humanity, the operator of Worldcoin (WLD), will change the way it collects data in Chile after legal challenges.

Africa’s most populous country has ground to a halt as Nigeria’s largest labor unions begin striking to demand a salary increase amid the worst cost of living crisis in decades

Hundreds of students in Nigeria rushed to get food donated to their school by the government to help ease hardship, triggering a stampede that left two dead and 23 others injured

Nigeria’s Central Bank teamed up with the blockchain-powered financial platform Gluwa Nigeria on March 7 to accelerate the use of eNaira, the nation’s central bank digital currency (CBDC).

National Testing Agency (NTA) has announced that 23 candidates have achieved a perfect score of 100 in the JEE-Main engineering entrance exam. The majority of these high scorers hail from Telangana. A total of 11.70 lakh candidates appeared for this crucial exam. Out of the 100 NTA scorers, seven are from Telangana, two from Haryana, three each from Andhra Pradesh, Rajasthan, and Maharashtra, two from Delhi, and one each from Gujarat, Karnataka, and Tamil Nadu. The NTA officials clarified that the NTA score is not the same as the percentage of marks obtained but represents normalised scores. A senior official explained, «NTA scores are normalised scores across multi-session papers and are based on the relative performance of all those who appeared for the examination in one session. The marks obtained are converted into a scale ranging from 100 to 0 for each session of examinees.»

National Testing Agency (NTA) has released the final answer keys and announced the results of the Joint Entrance Examination (JEE) Mains 2024 session 1 exams on Monday. The Paper 1 exams were held on 27, 29, 30,31 January and 1 February, while the Paper 2 exam was held on 24 January. Among the candidates who scored 100 NTA scores, seven are from Telangana, two from Haryana, three each from Andhra Pradesh, Rajasthan and Maharashtra, two from Delhi and one each from Gujarat, Karnataka and Tamil Nadu.

As the world’s demand for chocolate grows, farmers in Nigeria are moving into protected areas of a forest reserve that’s home to endangered species like African forest elephants

A stakeholder in the blockchain and fintech ecosystem has called on the federal government of Nigeria to implement regulations that will foster the widespread integration of the approved blockchain policy in the country. Nigeria’s National Blockchain Policy aims to deliver economic growth, job creation and more financial inclusion. 

A UNESCO report released during Lagos Fashion Week notes Africa’s fashion industry is growing rapidly to meet demand but that inadequate investment still limits its potential

ATLANTA — ATLANTA (AP) — Metropolitan Atlanta is home to the second highest number of soundstages in the U.S., including the massive Tyler Perry Studios and Trilith Studios. But many productions have chosen to shoot in and around the city itself, often as stand-ins for other locations (it’s a popular double for New York). Here are some landmarks and towns you might recognize:

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(This Sept. 7 story has been corrected to fix AFC's ownership structure based on updated guidance from the AFC in paragraph 3)

By Camillus Eboh

Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureaux De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation.

Pastor Taiwo Odukoya passed away in the US on Monday at the age of 67. He was the founding pastor of The Fountain of Life Church (TFOLC).