press-freedom

Nigeria: deepening currency crisis, soaring inflation are threats to country’s economy

Currency crisis in Nigeria deepens as its currency, the Naira, has dropped to ₦1,040 per dollar, which comes as a national industrial association has warned that soaring inflation is a threat to the country’s economy. In the parallel market, Nigeria’s currency has dropped to N1,040 per US dollar as supply surpassed demand, which was due […]

China boosts support for Africa’s least-developed countries to attend November expo

The upcoming 2nd edition of China International Supply Chain Expo (CISCE) will see higher participation from the least-developed countries, especially from Africa, in part in an attempt to showcase China’s resilience against trade barriers from the United States and other trade partners. The organizers of the CISCE that kicks off in Beijing on 26 November […]

Nigeria fines Meta $220 million for breaching data law

Nigerian authorities fined Meta, the mother company of Facebook, whatsApp and Instagram, 220 million dollars for breaching consumer and data protection laws as well as abusing its position as market leader. The fine was announced following a 34-month investigation by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC). Meta is also accused of sharing Nigerians’ […]