Moscow has failed to meet a deadline for over $40 billion in outstanding debts as Western sanctions squeeze the Russian economy. The Kremlin has downplayed the news, insisting it has enough to pay what it owes.

Flutterwave is a Nigerian fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent.

Nigeria has approved 3 trillion naira for the payment of petrol subsidy for this year. This follows the extension of subsidy payment and implementation of the Petroleum Industry Act by 18 months.

Olaoluwa Awojoodu, Co-Founder & CEO, E-Settlement talks to GuardianTV about access to basic financial services in Nigeria. E-Settlement focused on providing Innovative, Dependable, Easy-to-use, Affordable, and Secure payment solutions to everyday financial problems in Africa.

Parliamentary aides are protesting the nonpayment of their salary arrears by the National Assembly.

President Muhammadu Buhari in 2019 signed into law a bill to increase the monthly minimum wage from ₦18,000 to ₦30,000, following the strike by the Nigerian Labour Union in late 2018. A couple of years down the road, some states, ever dependent on Abuja for capital, are yet to effect this change while others that affected the increment have stopped due to a lack of funds. ⁣⁣

Despite a severe shortage of foreign exchange (forex), overseas education continues to drain the country’s resources, as Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, admitted $80 million weekly disbursements for personal travel allowances or payment of overseas school fees. The amount, which translates to $960 million yearly, is disbursed to banks to enable Nigerians to meet their forex responsibilities. This is after a recent report indicated that Nigerians spend £30 million (about N20 billion) yearly paying tuition in the United Kingdom alone while the country’s education system grapples with challenges of underfunding, poor remuneration, and obsolete teaching facilities.

Tricycle operators desert Kano roads, protest against govt daily tax payment

Imo government clears air on payment of salaries and pensions

Here are a few reasons to pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on Friday.⁣ ⁣

Here are a few reasons to pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on Friday.

Here is why you should pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Tuesday.