According to Money and Credit data recently released by the Central Bank of Nigeria (CBN) money supply increased from N38.6 trillion in December 2020 to approximately N44 trillion in December 2021 thereby recording an increase of 13.8% year-on-year (YoY), 10.8 percentage points higher than the estimated three per cent growth in Money supply recorded in 2020.
With the pandemic and its associated developments, the ability to timeously and efficiently place orders for drugs and medicine to meet the needs of patients and consumers has become crucial and online-based pharmaceutical service providers have created a niche for themselves by filling this yearning gap.
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme.
Nigerian Stock Market closed the month of November 2021 in the green zone as market maintained positive sentiment compared to the previous month of October 2021. The NSEASI inched up by 2.88% as against 4.52% gain recorded in the month of October 2021 while the NASD USI closed northwards with 0.07% gain recorded at the end of the month under review as against 1.49% gain in October 2021.
The last decade has witnessed a massive rave in the use and acceptance of digital currencies and assets all around the world. Amongst these digital assets, Nonfungible Tokens ("NFTs"), has gained so much popularity-particularly amongst creatives and content creators. NFTs are currently being projected as the "NEXT BIG THING" as a digital art collage was recently sold through the British Auction House as an NFT, for USD69.3 million[