Public debt in Nigeria rose to N142.3 trillion in Q3 2024, reflecting a 5.97% increase due to naira depreciation and higher domestic borrowing. This report delves into the key drivers, debt components, and implications for the nation’s fiscal health.
Billionaires worth a staggering $1.2 trillion, including Elon Musk, Jeff Bezos, and Mark Zuckerberg, attended Donald Trump’s inauguration, underscoring the event’s high-profile allure.
TRUMP coin, the official meme cryptocurrency tied to President-elect Donald Trump, faced a sharp $6 billion market value drop after Melania Trump introduced her rival token, MELANIA. The Solana-based MELANIA coin soared to a $12 billion valuation within hours of its launch, shaking up the crypto market. This development comes as the Trump administration signals a new era of U.S. crypto innovation.
Conservio, a South African travel-booking platform, has raised US$1 million to expand its nature-based travel operations across Southern Africa. Founded in 2020, the platform supports sustainable accommodations while promoting conservation efforts.
The United States has signed an agreement with Nigeria to repatriate $52.88 million in forfeited corruption proceeds.
Amazon Web Services now accepts Naira payments, easing financial barriers for Nigerian businesses. This move empowers startups and SMEs to access AWS's robust cloud services.
LemFi, a fast-growing fintech focused on cross-border payments, has secured $53 million in new funding to expand its services across Asia and Europe.