Nigeria
Nigeria secured a permanent seat on the board of the African Central Bank during the ongoing 39th African Union Summit. Foreign Affairs Minister Yusuf Tuggar confirmed the achievement, calling it a significant milestone for Nigeria and the West African region. This year’s summit focuses on assuring sustainable water availability and safe sanitation systems to achieve […]
Global biometric technology company Identity.io is expanding its operations to Kenya and Nigeria. This expansion follows a broader trend of African nations implementing national digital identity systems. Company Expansion Identity.io, a global provider of biometric technology, has announced its expansion into both Kenya and Nigeria. The company specializes in automated biometric identification systems (ABIS) and […]
Nigeria aims to achieve a $1 trillion economy by 2030, according to the Presidency, as the nation focuses on deepening economic and financial inclusion and establishing itself as a leading digital economy hub in Africa. The government is emphasizing reforms to restore confidence, expand inclusion, and attract investment. 2026 RegTech Africa Conference and Expo Nigeria […]
Nigeria is preparing to approve a legislative framework to regulate artificial intelligence. This move would position the nation as a leader in Africa for overseeing the rapidly expanding digital economy. While Nigeria released a draft AI strategy in 2024, gaps in regulation remained. The forthcoming National Digital Economy and E-Governance Bill aims to address these […]
OkayAfrica shares news updates across the continent daily, covering culture, politics, and more. For more in-depth stories, visit their News page. CAF Investigates Post-Match Incidents During AFCON Quarterfinals The Confederation of African Football (CAF) has opened investigations into “unacceptable behavior of players and officials” following the quarterfinal match between Nigeria and Algeria at the ongoing […]
The Central Bank of Nigeria (CBN) implemented a new capital requirement for banks, prompting questions about the stability and financial health of the banking sector. This article provides a factual overview of the recapitalization process and its impact on various banks. Capital Requirements The CBN mandated a minimum capital base of ₦500 billion for international […]
Fossil Fuel Production Plans Diverge from Climate Goals Recent reports indicate that many of the 20 countries producing 80% of the world’s oil, gas, and coal are planning to continue drilling and mining for fossil fuels at rates that exceed what is considered safe for the climate, given the global goal of limiting temperature rise […]
Nigeria defeated Mozambique to advance to the Africa Cup of Nations (AFCON) quarter-finals, setting up a match against either Algeria or DR Congo. The Super Eagles, runners-up in the 2023 tournament, displayed strong form throughout the group stage and continued their dominance in Fes on Monday. Ademola Lookman, Victor Osimhen (twice), and Akor Adams all […]
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