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Diaspora remittances have surged by 61% in the first 10 months of 2024, reaching $4.22 billion through International Money Transfer Operators.
The Nigerian government has approved the $2.4 billion sale of Shell's onshore assets to Renaissance Africa Energy Company Limited, a local oil and gas consortium. The acquisition is part of a deal that will see Renaissance acquire Shell's entire onshore portfolio in Nigeria.
The Organised Private Sector has criticized the Central Bank of Nigeria's decision to limit PoS withdrawal limits, citing cash scarcity as a major issue. The sector argues that this restriction is not in line with their operations.
Nigeria and Ghana's contrasting political and electoral systems have raised concerns amidst their recent independence celebrations, with significant disparities in their democratic profiles emerging. The stark differences highlight the need for reforms in Nigeria's electoral process.
