< 1 mn read Alternative finance and cryptocurrency expert, Rume Ophi, has cautioned Nigerians against being influenced by celebrity endorsements or promises of quick wealth. In a statement to Vanguard, Ophi, known as the Cryptopreacher, highlighted the risks inherent in the cryptocurrency market. Ophi stated, “The cryptocurrency space holds great potential but comes with significant risks if not approached […]

2 mn read The Trade Union Congress of Nigeria (TUC) has reaffirmed its dedication to protecting the rights and interests of Nigerian workers. The TUC pledged to persist in advocating for policies that foster social justice, equitable wages, and a decent work environment. CBN REPORTS FIRST EXPANSION IN ECONOMIC ACTIVITIES IN 13 MONTHS The Central Bank of Nigeria […]

< 1 mn read The Central Bank of Nigeria (CBN) announced that economic activities experienced their first expansion in 13 consecutive months, reaching 50.2 index points in August 2024. According to the CBN’s Purchasing Managers Index for August, the employment level contracted for the eighth consecutive month, dropping to 48.7 index points, with the Forestry sector showing the most […]

< 1 mn read Stanbic IBTC Pension Managers has reiterated its dedication to the welfare of retirees and the delivery of quality service. Following the circulation of a video online showing a distressed client at one of their offices, Olumide Oyetan, the Chief Executive Officer, confirmed that the issue has been addressed and the client’s benefits processed within the […]

3 mn read Industry experts suggest that the recently introduced windfall tax could be pivotal in diversifying Nigeria’s economy, which has long depended on the oil and gas sector. While this dependency has sometimes led to significant revenues, it has also made the country vulnerable to global oil price fluctuations. The need for diversification is urgent due to […]

< 1 mn read In an effort to reduce financial barriers to air travel, Qatar Airways has extended its discount partnership with Access Bank until December 2024. The extended deal offers up to 12% off on both business and economy class tickets for Access Bank customers who book flights online through Qatar Airways’ website. Customers can use the promo […]

< 1 mn read South African billionaire Johan Rupert has reclaimed his position as Africa’s richest person, surpassing Nigerian industrialist Aliko Dangote. According to the Bloomberg Billionaires Index, Rupert’s net worth is now estimated at $14.3 billion, while Dangote’s stands at $13.4 billion. Rupert, chairman of Richemont, has seen a substantial increase in his wealth, adding $1.87 billion this […]

2 mn read In Nigeria, there is often skepticism about the value of life insurance. However, the experience of Jewel Okwechime, a customer of Stanbic IBTC Insurance, highlights the crucial role of financial planning through insurance. Jewel Okwechime’s Journey: Background: Jewel, who previously lived in South Africa, witnessed firsthand how insurance supported people during financial difficulties. Motivated by […]

< 1 mn read In response to rising financial fraud, OPay has introduced a groundbreaking security feature called Nightguard. This new functionality aims to provide enhanced protection for users’ finances during vulnerable hours, specifically between 11:00 PM and 7:00 AM. Key Features of Nightguard: Enhanced Security During Night Hours: Any transfer attempts made within the designated timeframe will require […]

< 1 mn read Polymer banknotes, introduced to enhance durability, security, and sustainability, have been adopted by several African countries. Here’s a list of African nations that transitioned to polymer notes, including the year they made the switch: Nigeria – 2007 Nigeria was the first African country to introduce polymer banknotes, starting with the ₦5 to ₦50 denominations. Mozambique […]

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3 mn read The prices of essential foods such as beans, tomatoes, onions, and new yams have seen significant decreases in major markets in Abia and Imo, largely due to the harvest season. A survey conducted by the News Agency of Nigeria (NAN) in Owerri showed that the price of a paint bucket of beans has decreased from […]

2 mn read In the competitive digital landscape, particularly in fintech and online trading sectors, building and maintaining brand memorability is a significant challenge. Effective PR strategies can help businesses stand out and enhance their visibility. Here’s how UF Agency is addressing these challenges: The Power of PR in Fintech Press Releases: Contrary to the misconception that press […]

< 1 mn read Flutterwave, a leading payments technology company in Africa, has announced a significant upgrade to its services by enabling online merchants in Nigeria to accept American Express payments. This new feature expands payment options for e-commerce businesses and offers benefits for both merchants and customers. Key Points: Payment Acceptance: Online merchants using Flutterwave in Nigeria can […]

< 1 mn read According to the Nigerian Bureau of Statistics (NBS) Automotive Gas Oil (AGO) Price Watch for July 2024, the states with the highest diesel prices per litre are: Taraba – ₦1,721 Borno – ₦1,694 Bauchi – ₦1,619 Yobe – ₦1,610 Adamawa – ₦1,576 These high prices reflect the significant costs of diesel in certain regions, likely […]

2 mn read Angie Jones, Global Vice President of Developer Relations at TBD, discusses TBD’s role in transforming the global financial landscape through decentralised technologies and open-source solutions. 1. Inspiration Behind TBD TBD was created to extend Block’s mission of financial inclusion through decentralised technologies, particularly bitcoin. With a billion people globally lacking banking services, TBD aims to […]

< 1 mn read “NNPCL Appeals for Understanding Amid Fuel Scarcity, Reports N3.3 Trillion Profit” The Nigerian National Petroleum Company Limited (NNPCL) has called for patience from Nigerians amid the ongoing fuel scarcity affecting major cities including Lagos and Abuja. In a statement issued on Monday, NNPCL’s spokesperson Olufemi Soneye highlighted the company’s efforts to address the distribution and […]