Business
CBN, Bank of Angola Sign Landmark Deal to Boost Financial CooperationCBN, Bank of Angola Sign Landmark Deal to Boost Financial Cooperation
In an effort to enhance bilateral cooperation and technical exchange, the Central Bank of Nigeria (CBN) and the Bank of Angola, on the sidelines of the ongoing Annual meetings of the IMF and World Bank, signed a Memorandum of Understanding (MOU) for bilateral technical cooperation. The agreement, which was signed …
Read More »302nd MPC: CBN in race to curb biting effects of FG’s economic reforms policy
As the various economic reforms policy of President Bola Tinubu is taking its toll on the financial wellbeing of most Nigerians, the Central Bank of Nigeria (CBN) too is not only showing that it’s aware of the concomitant pains that must come with the policy, but is also advancing on…
Read More »CBN Governor Cardoso Reaffirms Commitment to Macroeconomic Stability, Stronger Banking Sector
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s commitment to establishing macroeconomic stability, fortifying the banking sector, and establishing Nigeria as a top investment destination. Mr. Cardoso stated during a fireside chat moderated by Andreas Voss, Chief Country Representative, Deutsche Bank Nigeria,…
Read More »Dangote Warns Truckers Against Unauthorized Use of Company Logo
Dangote Industries Limited (DIL) has reiterated its warning to truck operators against the unauthorised use of its logo on their trucks, noting that their actions have caused serious embarrassment to the brand. The company stated that despite previous warnings, certain truckers with no affiliation to Dangote continue to display its…
Read More »CBN gov hails new NDIC leadership, seeks stronger institutional synergy
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has congratulated to the newly Managing Director and the Executive Director Operations of the Nigeria Deposit Insurance Corporation (NDIC) on their appointments and expressed optimism about deepening collaboration between the two institutions. Speaking on Wednesday at the CBN…
Read More »Samsung’s Q2 Profit Plunges 55% to $3.4 Billion Amid Chip Market Slump
Samsung has reported a significant drop in its second-quarter (Q2) 2025 operating profit, with figures plunging by 55 per cent year-on-year to KRW 4.7 trillion ($3.4 billion), as the company grappled with a downturn in the semiconductor sector. Samsung made this known in its second quarter report made available on…
Read More »Access Bank Tanzania Honours President Samia Suluhu with Leadership Award
Access Bank Tanzania has presented the Power of 100 Africa Women Award to President Samia Suluhu Hassan of the United Republic of Tanzania, in recognition of her exceptional leadership, inclusive governance, and contributions to national and regional development. The award was formally presented during a courtesy visit to the State…
Read More »CAC Postpones Implementation of New Portal Fees to September 1
The Corporate Affairs Commission (CAC) has postponed the enforcement of new fees and penalties on its upgraded registration portal to September 1, 2025. In a public notice, the Commission explained that the decision was taken in response to transitional challenges faced by users, including difficulties in downloading documents, processing payments,…
Read More »Equities market returns to bullish run, gains N378bn
The domestic equity market on Wednesday returned to positive growth, appreciating by N378 billion as bulls dominated the trading activities during the day. Market capitalization of listed equities increased by 0.49 per cent to N76.179 trillion from N75.801 trillion reported on Tuesday. The NGX All Share Index also appreciated by…
Read More »Body of Bank CEOs delivers critical relief to Niger flood victims
In a heart warming display of corporate social responsibility and solidarity, a consortium of Nigerian Bank CEOs, has pledged significant support to alleviate the suffering of flood victims in Niger State The Executive Governor of Niger State, Governor Mohammed Umaru Bago on Saturday in Abuja received relief materials from the…
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