Money

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has confirmed that the Federal Government will miss its 2025 revenue target by about ₦30 trillion. Instead of the ₦40.8 trillion projected to fund the ₦54.9 trillion “budget of restoration,” federal revenue is now expected to close the…

In today’s world, the unexpected can happen at any time, which is why it is advisable to save for emergencies. A hospital bill, job loss, sudden rent increase, car repair or urgent family need can scatter even the best plans if you have no money set aside.  An emergency fund…

Nigeria’s jobs story is often framed around government hiring and big private companies. But the data suggest a different reality: most Nigerians are employed by the informal economy and by micro, small and medium enterprises (MSMEs). The latest Nigeria Labour Force Survey shows that informal employment remained extremely high at…

The naira strengthened on Tuesday, trading at ₦1,460 per dollar in the parallel market, up from ₦1,470 per dollar on Monday. The local currency also appreciated in the Nigerian Foreign Exchange Market (NFEM), closing at ₦1,447 per dollar, up from ₦1,450 the previous day. Data from the Central Bank of…

Africa’s digital economy is growing faster than many expected. From mobile money to cross-border fintech apps, the continent is steadily moving into a future where buying, selling, and sending money no longer depends on traditional banks.  In the middle of this transformation lies the big question of if Bitcoin eventually…