Saturday , November 27 2021

Tag Archives: Nigeria

Nigeria Ranks 50 Out of 180 Globally in Cybersecurity — NCS Boss

Nigeria Ranks 50 Out of 180 Globally in Cybersecurity — NCS Boss

The National President of Nigeria Computer Society, Prof. Adesina Sodiya has disclosed that Nigeria ranks 50 out of over 180 countries globally in the cybersecurity space. The NCS boss disclosed this at the Information Technology Systems Security  Professionals 2021 conference themed  “Stakeholders Engagement and Coordination issue.” Sodiya said Nigeria was …

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Nigeria, Ghana Sprint to Join Digital Currency Race

Nigeria, Ghana Sprint to Join Digital Currency Race

Nigeria and Ghana are racing to adopt a central bank digital currency as they look to ride the wave of popularity of cryptocurrencies in West Africa’s two largest economies. Central banks in both countries have partnered with foreign financial tech companies to create digital versions of their currencies, joining the …

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Nigeria Borrows Fresh $4 Billion through Eurobonds

Nigeria Borrows Fresh $4 Billion through Eurobonds

Nigeria has raised another $4bn through Eurobonds. The Debt Management Office disclosed this in a statement on its website on Tuesday titled ‘Nigeria raises $4bn through Eurobonds’. This would raise Nigeria’s Eurobond debt from $10.37bn as of the end of March according to figures obtained from DMO’s external debt stock …

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Envoy Mulls Establishment of Chinese Banks in Nigeria

Envoy Mulls Establishment of Chinese Banks in Nigeria

The Chinese Ambassador to Nigeria, Cui Jianchin, says he is in talks with Chinese-owned banks to establish operations in Nigeria. This, the envoy said, is to boost Nigeria’s economy and expand trade relations between the two nations. Cui made this known on Tuesday in Abuja while addressing Journalists during the …

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Nigeria, China Trade Volume Rises to $20 Billion in 2020

Nigeria, China Trade Volume Rises to $20 Billion in 2020

The Chinese Ambassador to Nigeria, Ambassador Cui Jianchun, has said that the trade volume between his country and Nigeria was $20bn in 2020 despite the coronavirus pandemic. During the period, the envoy explained, China’s GDP also grew to $15.7tn from $10.5bn. Addressing a news conference in Abuja on Tuesday to …

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Zenith Bank Launches AI Powered Chatbot, ZIVA on WhatsApp

Zenith Bank Launches AI Powered Chatbot, ZIVA on WhatsApp

Nigeria’s leading financial institution, Zenith Bank Plc, has introduced an Artificial Intelligence (AI) powered Chatbot on WhatsApp named ZIVA (Zenith Intelligent Virtual Assistant), which enables customers to perform financial transactions and enjoy real-time customer service from their mobile phones. Customers can enrol by simply adding the bank’s verified WhatsApp mobile …

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Nigeria Records $85.21 Billion Net Foreign Liabilities – IMF  

Nigeria Records $85.21 Billion Net Foreign Liabilities - IMF  

Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International Monetary Fund has said. From 2016, Nigeria’s foreign liabilities jumped by 42.41 per cent from $131.56bn, while foreign assets rose by 13.67 per cent from $89.87bn. Foreign assets are the …

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