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GOOGLE CONTRIBUTES $16 BILLION TO SUB-SAHARAN AFRICA’S ECONOMY IN 2023

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Google's recent report reveals that its tools and programs contributed an impressive $16 billion to Sub-Saharan Africa's economy in 2023. Titled "The Digital Opportunity...
Business

GTBANK NAMED BEST BANK IN CORPORATE SOCIAL RESPONSIBILITY AT EUROMONEY AWARDS 2024

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Guaranty Trust Bank Ltd (GTBank), a flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), has been awarded Best Bank in Corporate Social Responsibility...
Business

THE FUTURE OF ONLINE GAMBLING: WHY CRYPTO ROULETTE IS LEADING THE WAY

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In recent years, the world of online gambling has experienced significant changes, with cryptocurrency emerging as a dominant force. Among the various crypto-powered casino...
Business

WHY CRYPTO ROULETTE IS SHAPING THE FUTURE OF ONLINE GAMBLING

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The landscape of online gambling has transformed significantly, with cryptocurrency leading the charge. Among various crypto-based games, ROULETTE has surged in popularity due to...
Business

SEC URGES GOVERNMENT-OWNED ENTERPRISES TO LIST ON NIGERIAN EXCHANGE LIMITED

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The Securities and Exchange Commission (SEC) is calling on Government-Owned Enterprises (GOEs) to list on the Nigerian Exchange Limited (NGX) as part of President...
Business

POTENTIAL IMPACT OF CBN RECAPITALIZATION ON FBN HOLDINGS’ DIVESTMENT

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Some financial sector stakeholders suggest that the Central Bank of Nigeria's (CBN) recapitalization requirements may have prompted FBN Holdings Plc to divest from FBNQuest...
Business

PRESIDENTIAL COMPRESSED NATURAL GAS INITIATIVE URGES NIGERIANS TO EMBRACE CNG OPPORTUNITIES

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The Presidential Compressed Natural Gas Initiative (P-CNGi) is calling on Nigerians to seize the initiative's benefits to alleviate economic challenges while aiming to convert...
Business

CBN RECONSTITUTES BOARD FOR KEYSTONE BANK

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The Central Bank of Nigeria (CBN) has reconstituted the board of Keystone Bank Limited to enhance the bank's operations. Ada Chukwudozie has been appointed as...
Business

NAIRA DEPRECIATES TO N1,645 PER DOLLAR; APPRECIATES IN NAFEM

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The Naira depreciated to N1,645 per dollar yesterday, down from N1,640 per dollar on Tuesday. In contrast, the Naira appreciated to N1,539.65 per dollar...
Business

EQUITY MARKET GAINS N314 BILLION, SUSTAINS BULLISH MOMENTUM

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On Wednesday, the equity market continued its bullish trend, adding N314 billion to investors' portfolios. The market capitalization rose from N56.133 trillion to N56.447...
Business

PENCOM REPORTS N20.79 TRILLION IN PENSION ASSETS, HIGHLIGHTS STATES FULLY IMPLEMENTING CPS

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The National Pension Commission (PenCom) announced that Nigeria's total pension assets have reached N20.79 trillion. However, only seven states and the Federal Capital Territory...
Business

TREEPZ CELEBRATES FIFTH ANNIVERSARY WITH LANDMARK ACHIEVEMENTS IN AFRICAN MOBILITY

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In commemoration of its fifth anniversary, Treepz, Africa’s leading corporate mobility startup, has marked significant progress in the continent's transportation sector. The company is...
Business

CHALLENGES IN AFRICA’S FINANCIAL INCLUSION JOURNEY

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A major challenge in Africa's financial inclusion efforts is the significant number of unbanked individuals who lack access to financial services. According to the...
Business

TIMUR KULIBAYEV: KAZAKH ENTREPRENEUR AND BUSINESS LEADER

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Timur Kulibayev, born September 10, 1966, in Almaty, Kazakhstan, is a prominent Kazakh entrepreneur, executive, and public figure. He has significantly impacted the business...
Business

CBN WARNS OF RISKS TO EXTERNAL RESERVES GROWTH DUE TO FUEL SUBSIDY REMOVAL AND OTHER FACTORS

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The Central Bank of Nigeria (CBN) has highlighted potential risks to the growth of external reserves for 2024/2025, citing fuel subsidy removal, increased import...
Business

NAIRA DEPRECIATES TO N1,656.49 PER DOLLAR IN NAFEM

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Yesterday, the Naira depreciated to N1,656.49 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ revealed that this marked a...
Business

CBN REPORT REVEALS BUSINESS CONSTRAINTS AND FUTURE OUTLOOK

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The Central Bank of Nigeria (CBN) has identified insecurity, high interest rates, and multiple taxes as major constraints on businesses in August 2024. In its...
Business

NIGERIAN BREWERIES PLANS TO USE RIGHTS ISSUE PROCEEDS TO ELIMINATE FOREX EXPENSES

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Nigerian Breweries Plc has announced that it will use the proceeds from its ongoing N599.1 billion Rights Issue to eliminate foreign exchange-related expenses and...
Business

CBN PROJECTS EXTERNAL RESERVES GROWTH RISKS, BUT POSITIVE OUTPUT GROWTH EXPECTED FOR 2024/2025

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The Central Bank of Nigeria (CBN) has highlighted potential risks to the growth of external reserves for 2024/2025 due to factors such as fuel...
Business

STERLING BANK MIGRATES TO AFRICA’S FIRST INDIGENOUS CORE BANKING SOLUTION

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Sterling Bank Limited has transitioned to SeaBaaS, believed to be the first fully indigenous core banking solution in Africa. Developed by Peerless, SeaBaaS represents...
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