Custodians of Truth
The Nigerian banking sector is bracing for significant changes as the Central Bank of Nigeria (CBN) has mandated a new recapitalization exercise, signaling a wave of mergers and acquisitions on the horizon. This move, aimed at strengthening the resilience of […]
In an effort to provide greater economic participation from Nigerians living abroad, the Central Bank of Nigeria (CBN) has introduced two new financial products: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). These accounts aim […]
In a strategic move aimed at reinforcing economic ties, President Bola Tinubu of Nigeria has urged the Chinese government to increase the existing $2 billion currency swap agreement between the two nations. This call was made during a high-profile meeting […]
Access Holdings announced on Wednesday that its flagship subsidiary, Access Bank, has successfully completed the acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited. Roosevelt Ogbonna, the Managing Director/CEO of Access Bank PLC and CEO […]
The Minister of Solid Minerals Development, Dr. Dele Alake, has reaffirmed the government’s commitment to transforming Nigeria into a global mining hub through strategic reforms and investments in the solid minerals sector. Speaking at the opening of the 2024 Nigeria […]
The Federal Government of Nigeria has projected a significant rise in its personnel costs, estimating an increase of at least 60% for the year 2025. This surge is attributed to the recent implementation of a new national minimum wage and […]
The Nigerian Exchange witnessed a bullish trend this past week, resulting in investor gains of approximately N295 billion, despite a reduction in trading activities. This positive performance follows two straight weeks of losses, with the All-Share Index’s year-to-date standing at […]
The Nigerian Bottling Company (NBC) has teamed up with Women in Management, Business, and Public Service (WIMBIZ) to support female entrepreneurship, culminating in the award of a N1 million grant to Achiv Ngusurun, a pastry chef and entrepreneur. This recognition […]
The Central Bank of Nigeria (CBN) has launched three major initiatives aimed at enhancing financial inclusion across the country. These initiatives were introduced during the second edition of the International Financial Inclusion Conference (IFIC), held in Lagos under the theme […]
On Monday, the U.S. dollar saw a decline as investors moved away from positions that had gained from the anticipation of a potential victory by former President Donald Trump in Tuesday’s election. Vice President Kamala Harris has gained ground in […]