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Nigerian buy-now-pay-later company reportedly shuts down after several years

The Lagos skyline seen from the water
Stock image: kopee15 / Wikimedia Commons, Public domain

A Nigerian company offering buy-now-pay-later services has reportedly closed its doors after several years in operation. Customers with outstanding balances are said to be awaiting guidance.

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The Lagos skyline seen from the water
Stock image: kopee15 / Wikimedia Commons, Public domain

Naira posts fresh losses as CBN adjusts the dollar rate, despite $55.2bn in reserves

The Central Bank of Nigeria has adjusted its official dollar exchange rate, and the naira has recorded fresh losses. This comes even though the country's foreign reserves are reported at $55.2 billion. Analysts are watching how the currency moves in the coming days.