After a profitable 2019 for the Norway based Chinese-backed OPay, the company has announced that several of its subsidiaries will be exiting ... Nigeria or temporarily stopping operations. In 2018, Chinese investors backed the startup with $180 million to take over the mobile money space in Nigeria.
After Benin withdrew from the race for head of the World Trade Organization (WTO) and Nigeria finally nominated Ngozi Okonjo-Iweala to represent ... it, Egyptian lawyer Abdel Hamid Mamdouh says he is the AU's only legitimate candidate for the WTO leadership.
Africa’s population will double by 2050. The continent and its vast pool of exceptionally young human capital – with a median age of 19.7 ... years – is gifted with an historic opportunity for sustained economic development. One of the key factors in realizing this growth is the widening of access to higher education - however, there are legitimate questions to be asked about what kind of education is on offer and who gains access to it.
The Francophone countries coming together to replace the colonial currency, the CFA Franc with the Eco, may be “a major step forward and a ... positive thing,” says Andrew S. Nevin, Chief Economist, Nigeria Clients and Markets Leader at PricewaterhouseCoopers (PwC). But for Nigeria, the eventual uniformed adoption of the single currency challenges the sovereignty of its naira.
COVID-19 is increasingly wreaking havoc on the health of Nigerians, but its economic impact may well be more devastating. Before the pandemic, ... the Nigerian economy was growing at an anaemic rate of 2%. The country has also been suffering from high poverty and unemployment rates. This is paradoxical for a country endowed with humongous natural resources.
Despite the effects of COVID-19, Africa’s young creative industries remain ripe for investment opportunities. African music, film, and fashion ... continue to gain global popularity, with companies like Netflix and Universal Music Group expanding their presence on the continent.
Professor Oluyemi Oluleke Osinbajo, fondly referred to as Pastor-Prof in prominent Yoruba circles, is the current Vice President of Nigeria, ... serving his second term. A pastor, professor, and lawyer, he is not a typical cunning and seasoned politician. So how has he managed to rise to such prominence? Who are his supporters, and who are those that are against him?