Q2 2024

CBN Reduces Food Import Funding To $547.7 Million Amid Rising Inflation

Oct 20, 2024. by Praise Ben

The Central Bank of Nigeria (CBN) released $547.7 million (N823.19 billion at the official exchange rate of N1,503.3/$1) to Nigerians for food importation in the second quarter of 2024. This amount marks a 20.6% decrease from the $689.88 million recorded in the first quarter, with a corresponding reduction of N80.76 billion when converted to naira. … Read more

TikTok Removes Over 2.1 Million Videos in Nigeria for Violating Guidelines

Oct 16, 2024. by Ekohot Editor

TikTok removed over 2.1 million videos in Nigeria during the second quarter of 2024 for violating its community guidelines. According to the Community Guidelines Enforcement Report shared on Tuesday, the move is part of the platform’s ongoing efforts to enhance content moderation and ensure user safety. EDITOR’S PICKS ICYMI: Nigerian TikToker, Oloba Salo Reportedly Shot … Read more