Business

13th Global Awards: Nigeria’s CBN scoops Central Bank of the year title

Femi Fabunmi

1 week ago

Although progress has been made, the CBN says challenges still remain, such as maintaining low inflation and completing banking reforms.

Africa’s next chapter: when growth meets responsibility in betting market

Michael Adesina

2 weeks ago

Before thinking about limits, penalties, or warnings, it makes sense to begin with recognition. That is the thinking behind the…

Tony Elumelu Foundation disburses $100m to young African entrepreneurs

Ayorinde Oluokun

2 weeks ago

According to TEF, past beneficiaries of the programme have gone on to create incredible impact the continent, including generating 4.2…

NSC orders immediate suspension of new shipping tariffs

Ayorinde Oluokun

2 weeks ago

According to the council, the engagements responded to concerns about the timing, structure, and potential impact of the tariffs on…

Chain Reactions wins Global PR Award for Tinubu’s Reform Campaign

Kazeem Ugbodaga

2 weeks ago

The campaign, executed in collaboration with the Presidential Media and Communications Team to mark Tinubu’s second year in office, stood…

UBA, BII move to bridge $80bn Trade Finance gap in Africa

Kazeem Ugbodaga

2 weeks ago

Under the proposed collaboration, UBA UK, London subsidiary of United Bank for Africa, will leverage its extensive footprint across 20…

NESREA seals Oyo firm over environmental violations

Ayorinde Oluokun

2 weeks ago

NESREA said the company was discharging untreated wastewater with offensive odour directly into the environment, in contravention of applicable environmental…

MTN Foundation, BOI unveil ₦1bn fund to power Women entrepreneurs nationwide

Kazeem Ugbodaga

2 weeks ago

“At the MTN Foundation, we have moved far beyond the era of viewing women’s empowerment as ‘social good’ or a…

IUX rolls out ‘Your Edge, Optimized’ in major 2026 Market push

Kazeem Ugbodaga

2 weeks ago

Among the key milestones is the company’s 10-year anniversary celebration, which will commemorate its transition from a boutique brokerage into…

NGX rallies as investors pocket N1.76tn in shortened trading week

Paul Dada

2 weeks ago

The top gainers for the week were John Holt, BUA Cement, Premier Paints, Zenith Bank and Learn Africa, which appreciated…

CBN sets age limit, One-time phone change in new BVN rules

Femi Fabunmi

2 weeks ago

Financial institutions are also required to create a temporary watchlist for BVNs linked to suspicious transactions. Such BVNs can remain…

Outrage as US introduces $15,000 visa bond for Nigerians

Femi Fabunmi

2 weeks ago

However, U.S. officials argue that it will help reduce the cost of deporting people who overstay, which can cost more…

Otagada faces N85m fraud charge

Isa Isawade

2 weeks ago

She alleged that the defendant dishonestly stole N85 million, the property of Gidi Credit Ltd.

Court convicts Vessel, 11 Filipinos over cocaine importation

Isa Isawade

2 weeks ago

According to the prosecution, the crew members conspired among themselves to unlawfully import 20 kilograms of cocaine aboard the vessel,…

Naira climbs sharply, gains ₦13 against dollar in one day

Femi Fabunmi

2 weeks ago

Data released by the Central Bank of Nigeria showed that the Naira appreciated to ₦1,344.42 per dollar, compared to ₦1,357.77…

Transcorp Energy wins REA–World Bank Renewable Power Project to boost electricity access in Nigeria

Michael Adesina

2 weeks ago

Transcorp Energy Limited, the integrated energy development and services subsidiary of Transnational Corporation Plc, has emerged as the successful bidder…

IWD: MTN calls for bold action to advance women’s rights, leadership

Kazeem Ugbodaga

2 weeks ago

Also speaking at the event, Lynda Saint-Nwafor, MTN Nigeria’s Chief Enterprise Business Officer, said empowering women has far-reaching benefits for…

Nigeria’s Inflation falls to 15.06% but monthly cost surge sparks concern

Kazeem Ugbodaga

2 weeks ago

The NBS noted that on a year-on-year basis, inflation showed a significant decline compared with the 26.27 per cent recorded…

Transcorp Hotels shares reach 52-week high as market capitalisation surpasses N2 trillion

Michael Adesina

2 weeks ago

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has reached a landmark financial milestone as its…

Reactivating Dormant Accounts Just Got Easier – CBN announces new rules

Femi Fabunmi

2 weeks ago

The CBN also addressed concerns about data privacy and stated that the disclosure requirements comply with Nigerian data protection laws.

APC, Vietnam join forces as Bilateral Trade hits $1 billion milestone

Kazeem Ugbodaga

3 weeks ago

The APC National Chairman further highlighted the economic progress being made under the current administration, stating that "the country's macroeconomic…

Four-Day Rally: Naira gains ₦35 against dollar at official market

Femi Fabunmi

3 weeks ago

Overall, the recent appreciation of the Naira at the official market may signal improving confidence in Nigeria’s financial system, although…

New CBN Rule: Your banking app can only work on one phone

Femi Fabunmi

3 weeks ago

The Central Bank of Nigeria (CBN) has announced that mobile banking apps in Nigeria will only be allowed to work…

Naira gains, ends week on positive note

Paul Dada

3 weeks ago

The Nigerian currency had recorded steady appreciation during the week amid sustained market activity and foreign exchange supply.

Why the CBN Is Managing the Naira’s Rise Carefully

Ayorinde Oluokun

3 weeks ago

Many observers assume that policymakers should celebrate a sharply rising currency. A stronger naira reduces the cost of imports and…

OPay opens up on reports of Lagos, Abuja office closure

Oluwapelumi Oluwayemi

3 weeks ago

The company described the claims circulating on social media and online platforms as false and misleading, insisting that its offices…

Best Crypto Payment Gateways in Egypt

Ayorinde Oluokun

3 weeks ago

When picking a crypto payment gateway, think about what really matters for your business. Consider fees, speed, which currencies are…

Naira appreciates to ₦1,376/$ at official market

Oluwapelumi Oluwayemi

3 weeks ago

Figures published on the CBN’s website showed that the local currency gained ₦25.20 against the dollar at the Nigerian Autonomous…

Middle East war causes acute gas crisis in India

Isa Isawade

3 weeks ago

The Asian country is grappling with an LPG crisis that has sent prices soaring and sparked panic buying of both…

FCMB hits ₦500bn Capital Mark, Retains International Banking Licence

Kazeem Ugbodaga

3 weeks ago

In July 2024, FCMB raised ₦144.6 billion through a public offer that was oversubscribed by 33 per cent and attracted…

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