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Business

RTM West Africa Summit returns to Lagos, targets consumer growth and market resilience

RTM West Africa Summit returns to Lagos, targets consumer growth and market resilience

The Route to Market (RTM) West Africa Summit is set to return in June 2026, positioning itself as a leading…

CBN introduces age limit, Phone change rules for BVN holders

This approach is designed to help banks quickly detect potential fraud while giving customers an opportunity to clarify any issues.
UAE announces exit from OPEC, OPEC+

OPEC+ to Increase oil output, warns recovery May be slow

The group said it will raise output by 206,000 barrels per day. However, this increase may not have much real…
Finance Minister praises NUPRC as daily oil production hits 1.84m

Finance Minister praises NUPRC as daily oil production hits 1.84m

The finance minister described the war in the Middle East as unfortunate but said President Bola Tinubu had mandated an…
Flutterwave

Flutterwave secures banking licence, hits $40bn payments

What began as a payment gateway designed to simplify cross-border transactions has evolved into one of the continent’s most prominent…
FCMB

Oyo, FCMB, Mastercard Foundation disburse ₦1.5 billion to Youth Farmers

Oyo State Government and First City Monument Bank (FCMB) have supported 1,000 young agripreneurs to boost food production and support…

MSME Awards: FG launches ₦1 billion grant scheme for small businesses

The Federal Government says it will give out more than ₦1 billion to support small businesses in Nigeria through the…
HOC Capital Club, Cersei Partners launch global citizenship advocacy body

HOC Capital Club, Cersei Partners launch global citizenship advocacy body

HOC Capital Club, in partnership with Cersei Partners, has launched a new global advocacy platform aimed at redefining citizenship and…
Muyiwa Akinyemi

Transcorp Hotels appoints Muyiwa Akinyemi to board of directors

Transcorp Hotels Plc, the hospitality arm of Transnational Corporation Plc (Transcorp), has announced the appointment of Mr. Muyiwa Akinyemi as…
CBN

33 Banks meet targets as CBN concludes ₦4.65trn Recapitalisation Drive

The Central Bank of Nigeria (CBN) has concluded its sweeping banking sector recapitalisation programme, with lenders raising ₦4.65 trillion in…
CBN

Cybersecurity: Nigerian banks face tight CBN deadline

The Central Bank of Nigeria (CBN) has issued a strict directive to banks and other financial institutions, requiring them to…
CBN concludes banking sector recapitalisation as operators raise N4.65trn

Nigerian Banks raise N4.65trn new capital as CBN concludes recapitalisation programme

CBN said 72.55 per cent of capital was sourced locally and 27.45 per cent from international markets, a development it…
Oracle

Oracle layoffs impact 12,000 in India

Oracle’s senior leadership reportedly began notifying affected staff via email around 6 AM on March 31, communicating the company's decision.
Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Naira slips to N1,387/$ as Nigeria’s reserves fall below $50bn

The Central Bank of Nigeria expects reserves to rise to about $51 billion by the end of 2026 as part…
NMDPRA

Fresh gas price hike hits Nigeria’s power sector

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has increased the price of natural gas for power companies to…
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