Nigeria must become a predominantly cashless society, and can act as a knowledge hub for the world on central bank digital currencies, says Godwin Emefiele.
A year after launching Africa’s first digital currency, Nigeria’s central bank is turning to the nation’s three-wheeler taxi operators to speed the adoption of the eNaira, as regulators across the world scrutinise its every move. It’s offering a 5% discount to drivers and passengers of the three-wheeler taxis known locally…
Nigeria expects to raise its daily crude production closer to its OPEC quota in about two weeks as authorities re-open wells that had to be shut to keep criminals at bay.
Nigeria is losing nearly all of its oil output pumped through a major pipeline in just one example of theft that’s growing amid surging prices for crude, according to a labor union.