Are you looking to convert your bitcoin to naira quickly and easily? As more people in Africa begin to adopt cryptocurrencies, many are interested in converting their Bitcoin to Naira and searching for the best way. There are numerous crypto exchange platforms online, and it can get overwhelming trying to figure out which one you …
Weekly Economic Index: CBN yields to court orders, Emirates is done with Nigeria, Gaddafi’s missing uranium
CBN bows to the Supreme Court’s order After six long weeks of naira swap tussle, the Central Bank of Nigeria (CBN) finally bows to the Supreme Court’s order to extend the deadline for the use of old naira notes to December 31, 2023. Nigerian residents can now do business with the old banknotes of N1,000, …
Payday secures $3M seed round to power the future of work for Africa
Payday, the leading Pan-African neobank issuing global (USD, EUR & GBP) accounts to Africans, has announced a $3M seed round, led by Moniepoint Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II and angel investors – Dare Okoudjou Founder and CEO of MFS Africa & Tola Onayemi CEO of Norabase. …
Nigeria’s cash crunch is squeezing out multinational companies
Nigeria has been in the middle of one of the oddest cash crunches in history. Following a currency redesign, naira notes virtually vanished from banking halls, ATMs and POS shops. As a result, many people experienced a new way of being broke — having money but being unable to spend it. It’s easy to see …
Weekly Economic Index: $3 million cloud credit to women founders and tax exemption for telecoms
$3 million cloud credit to women founders As part of initiatives to commemorate this year’s 2023 International Women’s Day (IWD), UK- Nigeria Tech Hub and Google are collaborating to empower women founders. Through the collaboration, $ 3 million will be in Google Cloud credits to women founders in Nigeria. These cloud credits are often expensive …
How to create an online menu that works for your restaurant
The online menu is an essential element of your restaurant’s digital presence. It is the first point of interaction between your customers and your culinary offerings, making it a vital tool to entice potential patrons to visit your establishment. A well-designed, functional online menu can boost your restaurant’s reputation and increase sales. In this article, …
Meta’s legal battles in Africa are rising
Meta has been at the centre of numerous controversies for years, from its handling of user data to its role in spreading misinformation and disinformation. But its latest legal trouble, involving content moderators in Africa, highlights a different kind of problem: the exploitation of vulnerable workers in the global South. Earlier this week, a Kenyan …
Devolution of power: A new dawn for Nigeria’s struggling power sector
Last week, President Muhammadu Buhari assented to 16 constitution alteration bills. The signed bills include devolving more power to Nigerian states, empowering them to take charge of their growth and granting them autonomy in major areas like electricity, railways, and the judiciary. Since Nigeria transitioned into a democratic government, there have been efforts to move these items …
Jumoke Dada’s Taeillo is taking its share of Africa’s urban furniture market
Every society is broken into three main class structures- the upper, middle and lower classes- and Africa is no exception. This class stratification produces a clear distinction among people across the various classes, quantitatively and qualitatively. In a typical African upper-class society, the pattern and choice of lifestyle are sharply in contrast to those of …
Is it useful to use a personal loan comparator?
Personal loans can be a great solution for those who need extra cash to cover unexpected expenses or to make important purchases. However, with so many options available, it can be challenging to find the best deal. This is where a personal loan comparator in South Africa comes in handy. A personal loan comparator is …