Business

Breaking: CBN Lifts Cash Deposit Limit, Raises Withdrawal Ceiling to N500,000

The Central Bank of Nigeria (CBN) has removed the limit on cash deposits and increased the weekly cash withdrawal limit across all channels...

FirstBank Introduces Vybe Hub to Elevate Customer Experiences for DecemberIssaVybe

By Bolaji Israel Seth Godin, an American author, entrepreneur and one of the world’s most influential business thinkers said: “A great brand always...

CBN Retains Monetary Policy Rate at 27%

The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has decided to maintain the country’s monetary policy rate (MPR) at 27%. Apex bank’s...

Entrepreneurs Hold Nigeria’s Future, Says Tony Elumelu

Nigeria’s economic transformation will be driven by homegrown entrepreneurs, not government handouts or foreign aids, according to Tony Elumelu, Chairman of the United...

Pound Sterling Hits ₦2,065.96 in Nigerian Market

The British pound sterling has reached approximately ₦2,065.96 in the Nigerian market, according to current online currency conversion services. This rate serves as...

15% fuel import duty in Nigeria’s best interest – Presidency

The Presidency has clarified that the new 15 per cent import duty on petrol and diesel is a strategic measure, not a burden...

Naira Struggles in Parallel Market, Dollar Trades at ₦1,490

The Nigerian naira is facing challenges in the informal foreign exchange market, with the US dollar being quoted at approximately ₦1,490 (sell) and...

FirstBank’s 9th Annual CR&S Week: Empowering Communities, Promoting Sustainability and Kindness

FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, has announced the commencement of its 2025 Corporate Responsibility...

Transcorp Plc’s Q3 2025 Profit Soars 54% to N38.81bln, 9-Month PBT Reaches N124.52bln

Transnational Corporation Plc (Transcorp Group) announced its unaudited Q3 2025 results, posting a pre‑tax profit of N38.81 billion – a 53.84 % year‑on‑year surge compared with...

FirstBank Revolutionizes Cross-Border Payments with PAPSS Integration on LIT App

FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, had announced the successful integration of the Pan-African Payment...

Dangote Refinery to Float 5‑10% Stake on NGX Within Year, Sets 1.4m bpd Target

Aliko Dangote, founder of the Dangote Group, announced that the Dangote Petroleum Refinery will sell between 5 % and 10 % of its equity on the...

Trust, Accountability, and Governance Key to Unlocking Africa’s $4trn Domestic Capital Potential – Elumelu

Africa’s economic growth is being hindered by a lack of trust and accountability in governance, according to Tony Elumelu, founder and chairman of...

Nigeria’s Gold Programme to Boost Foreign Reserves, Strengthen Naira – Alake

The Minister of Solid Minerals Development, Mr. Dele Alake, says the National Gold Purchase Programme (NGPP) will significantly boost Nigeria’s foreign reserves and...

UBA Set to Unveil Whitepaper on Africa’s Financial Infrastructure

Africa’s Global Bank, United Bank for Africa (UBA) is poised to further solidify its position as a leading financial institution in Africa with...

UBA Foundation Gives Students Opportunity to Vie for Over N22.5m NEC Prize

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced that the winners of the 2025...

Waves of Innovation: How First Bank turned Lagos into Africa’s Electric Playground

By Kazeem Ugbodaga The Lagos Lagoon glistened in shades of blue and gold as electric powerboats sliced through the water, cheered on by...