First City Monument Bank (FCMB) has been recognised as a force for good in Nigeria’s financial sector, winning two prestigious awards at the Development Bank of Nigeria (DBN) 2024 Annual Lecture Series and Awards in Lagos. The bank was named…
With three months left before the deadline set for Bureau De Change (BDC) operators to meet new capital requirements, compliance remains elusive as operators cite stringent conditions. This is raising concerns over the retention of their operating licences. In May…
By Seun Ibiyemi Nigeria’s external reserves, also known as foreign currency reserves, jumped by $490 million in one week following the successful issuance of domestic dollar bonds by the Debt Management Office (DMO). Data from the Central Bank of Nigeria…
By Matthew Denis The Central Bank of Nigeria (CBN) has announced new directives for Payment Service Providers (PSPs). Effective immediately, all transactions conducted through Point of Sale (PoS) terminals—whether at physical or electronic locations—must be routed through a CBN-approved Payment…
…NNPC requests permanent presence of staffs at Dangote Refinery as part of crude deal …Stakeholders call for establishment of new committee in oil and gas sector By Seun Ibiyemi Dangote Refinery has expressed concern over the lack of patronage from…
…Three-year human assistance program receives N324bn …As new agreements signal strong Nigeria-UK ties with focus on humanitarian, economic devt The Federal Government and the United Kingdom have signed eight partnership agreements worth N589 billion (£272.6 million) to boost critical sectors…
UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa (UBA) Plc, is positioning itself at the forefront of Africa’s green revolution, advocating for climate action and a greener future. In a bold move to champion environmental sustainability…
Hyperinflation has gripped Nigeria with a ferocity that undermines the very fabric of society. Characterised by an uncontrollable rise in prices, hyperinflation reveals the dire state of our economy, driven largely by an excessive money supply that far exceeds the…
Ogun House of Assembly on Thursday passed the bill seeking to improve electricity generation, transmission and distribution within the state. The bill also seeks to establish an electricity market and key power sector bodies, as well as enforce consumer rights…
The Ogun State House of Assembly and the United Nations Children’s Fund (UNICEF) have joined forces to address the growing rate of out-of-school children in the state. The partnership is marked to reduce the 43.3% of out-of-school children in Ogun…
