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Category: Business

Nigeria Inaugurates New Sovereign Investment Board, Prioritizes Economic Growth and Stability

Abuja, Nigeria – In a significant move aimed at bolstering its economic development, Nigeria has officially inaugurated a new Sovereign Investment Board (SIB). The board, established under the Sovereign Investment Fund Act 2021, is tasked with managing the country’s long-term savings and investing in strategic assets to drive economic growth and stability. The newly appointed …

Nigeria Officially Embraces Crypto, Grants Operators Licenses

Abuja, Nigeria – In a landmark move that signals a significant shift in its financial landscape, Nigeria has officially recognized cryptocurrency as a legal tender. The country’s Securities and Exchange Commission (SEC) has granted licenses to a select group of cryptocurrency operators to operate within the Nigerian market. This decision marks a reversal of the …