Nigerian Developers Earn $13 Million from Android Apps in 2023, Google Report Reveals

October 5, 2024

The Central Bank of Nigeria (CBN) has issued a directive requiring Deposit Money Banks (DMBs) and all other participants in...

Nigeria Launches $10 Billion Global Fund to Boost MSMEs

The federal government has recently revealed its plans to roll out a $10 billion global investment fund aimed at stimulating...

Nigeria Targets Four Million Barrels Per Day Crude Oil Output by 2030 with New Offshore Incentives

The federal government of Nigeria has set an ambitious target to produce approximately four million barrels of oil per day...

Naira Falls as Forex Scarcity Hits BDC, Operators Blame IMTOs for Shortage

The Bureau De Change (BDC) operators in Nigeria have linked the recent depreciation of the Naira in the parallel market...

Rising Inflation Drive Banks to Raise Staff Wages, Outsourcing Costs Skyrocket

Based on the data monitored by journalists, the total wages and salaries borne by ten prominent banking groups in Nigeria...

CBN Launches EFEMS to Combat Forex Market Distortions and Boost Transparency

On Thursday, the Central Bank of Nigeria (CBN) introduced a new system aimed at overhauling the foreign exchange (forex) market....

Nigerian Bank Net Interest Hits N4.07 Trillion Amid Increase Rates

February 27, 2025

Ecobank Transnational Incorporated (ETI), Guaranty Trust Holding Company (GTCO), and Zenith Bank Plc have emerged as the leading financial institutions...

ARM Pension and Access Pension Merge for Better Retirement Management

October 3, 2024

The National Pension Commission (PenCom) has officially announced its approval for the merger of ARM Pension Managers Limited and Access...

Barbican Capital vs. First Bank: Court Set to Address Alleged Share Disputes

October 3, 2024