Samuel Nwite
AUTHOR: Samuel Nwite
Ghana Raises Interest Rate to 22% As Cedi is Ranked Worst Performing Currency in...
Ghana’s currency Cedi has continued on its downward trajectory that degenerated following the outbreak of Russia-Ukraine war.
Bloomberg reported Wednesday that the Cedi recorded its...
Trapped Fund: Emirates Suspends Flights Operation to Nigeria
Emirates Airline announced Thursday that it has suspended operation in Nigeria, more than a month after it made public its struggles to repatriate $85...
Tencent Shuts Down Businesses, Cuts 5% Workforce As China’s Economy Tanks
China’s economy has struggled to overcome shocks emanating from a series of events including covid-19 and the crackdown on the internet industry.
The situation has...
Pastel, A Nigerian-based Digital Bookkeeping Startup, Raises $5.5m in Seed Round
Nigerian businesses have strived for years without access to digital bookkeeping, exposing them to evitable loss of business transaction records. Recently, the situation opened...
Nigeria’s Central Bank Increases Interest Rates Paid on Savings Accounts to 4.2%
The Central Bank of Nigeria (CBN) has carried out an upward review on interest rates paid on savings accounts, directing banks to implement at...