Paxful, a peer-to-peer (P2P) marketplace for Bitcoin, plans to enter Nigeria and leverage growing interest in the digital currency in Africa’s most populous country. The new marketplace provides users with over 300 payment methods, including Paypayl, Western Union and Amazon … read more
Nigeria’s Arik Air was taken over by the Asset Management Corporation of Nigeria (AMCON), established by the government in 2010, yesterday to prevent the company from going bust. Arik Air, which had the biggest passenger turnover of all airlines in … read more
The Russian captain of a German-owned cargo ship abducted by pirates off the West African coast of Nigeria has informed relatives that all the crew members are alive, Russian state news agency, RIA Novosti, reported on Thursday. The ship, BBC … read more
Akinwunmi Ambode of Lagos State on Monday, said he would banish yellow commercial buses from Lagos roads this year. Ambode spoke at the 14th Annual Lecture of the Centre for Value and Leadership with theme: “Living Well Together, Tomorrow: The … read more
World football’s governing body FIFA on Tuesday said it had extended a ban on five officials who have been involved in a leadership battle for control of the game in Nigeria. FIFA said its disciplinary committee had “decided to extend … read more
It is about a year since the photo of a Danish aid worker giving water to an emaciated Nigerian toddler went viral. The child was visibly weak, his limbs little more than flesh and bone. But a year later the … read more
Hundreds of Nigerians took to the streets in Lagos on Monday to protest against the government’s handling of the country’s economic crisis and demand solutions to a crippling recession. Some 500 people gathered from early morning at the National Stadium … read more
In this post-truth age of fake news and ‘alternative facts’, you have to be careful who you trust online. Due to the increase in fake news stories right across the globe, we urge you to be more vigilant. Fake news … read more
President Muhammadu Buhari has asked the parliament to extend his medical leave in the UK, amid concerns that his health may be worse than officials are publicly saying. The 74-year-old leader, who has been out of the country for two … read more
The naira dropped to a record low of 500 to the dollar on the black market on Monday, even though Nigeria’s foreign reserves rose to their highest in a year, as demand for the US currency grew and the central … read more