Friday, July 28, 2023
Thursday, July 27, 2023
Video - Guinness world records pursued with gusto in Nigeria
At least 40 Nigerians have previously been recognized by the Guinness World Records. The newfound pursuit of Guinness glory is a surprise for many.
Video - Parents face tough times as public universities hike fees in Nigeria
Many Nigerian students, and their parents, are worried they won't be able to complete their education following a decision by public universities to raise fees by 200 percent. The universities say the hike is necessary due to the surge in the cost of living raising the cost of operations.
Video - Nigeria continues to record surge in adoption of cryptocurrencies
Africa's most populous country is still reporting a boom in the use of cryptocurrencies despite warnings from authorities. Nigerians say bottlenecks around banking transactions, a scarcity of foreign exchange, and the belief that cryptocurrencies are an easy and quick means to make money, contribute to crypto's popularity.
Related stories: Nigeria’s crackdown on Bitcoin echoes global crypto conundrum
Video - Nigeria becomes first African nation to roll out digital currency
Video - Central bank of Nigeria raises key lending rate by 25 basis points
Samson Owolabi, an associate in research and portfolio management at Zedcrest Wealth, says there were several key reasons behind the Central Bank of Nigeria (CBN) increasing the interest rate, including persistent inflation and record levels of money supply. Owolabi, however, added that the CBN needs to find alternative methods of addressing such issues rather than simply resorting to interest hikes.
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