Business

CBN Warns Against Rejecting Standard N100 Banknote

By Samuel Akpan The Central Bank of Nigeria (CBN) has cautioned Nigerians against rejecting the standard N100 banknote, declaring it legal tender and...

After impactful 12-year tenure, Tony Elumelu Steps Down as UBA Chairman, Nnorom Steps In

Tony O. Elumelu, United Bank for Africa (UBA) Plc Group Chairman, will retire from the Board of Directors on August 21, 2026, after...

Capital market key to translating economic reforms into household prosperity – CMAN

By Maryanne Awuya The Capital Market Academics of Nigeria (CMAN) has said Nigeria’s capital market must play a central role in translating nation’s...

CBN Orders Banks to Freeze Terrorism Financing Accounts

By Samuel Akpan The Central Bank of Nigeria (CBN) has ordered all banks and financial institutions to immediately freeze accounts linked to terrorism...

Nigeria’s BOP Surplus Drops to $2.38bln in Q1 2026

By Samuel Akpan Nigeria posted a balance of payments surplus of $2.38 billion in the first quarter of 2026, lower than the $2.67...

Fostering Greener Future: UBA Foundation Plants Trees in Iconic Lagos Schools for World Environment Day

To mark World Environment Day 2026, the UBA Foundation the corporate social responsibility arm of United Bank for Africa Group launched its 2026...

Tinubu Smashes Optasia’s 12-Year Stranglehold on Nigeria’s N3trn Airtime Credit Market

President Bola Ahmed Tinubu has moved decisively to dismantle South African firm Optasia’s 12-year dominance of Nigeria’s lucrative airtime credit lending and data...

Nigeria’s Capital Inflows Surge 84% to $10.37bn in Q1 2026

By Samuel Akpan Nigeria attracted $10.37 billion in foreign capital in Q1 2026, marking an 83.83 percent increase from $5.64 billion a year...

Tony Elumelu: How an Eight-Year Struggle Built a Two-Million-Customer Insurance Giant

Business mogul and Chairman of Heirs Holdings, Tony Elumelu, has reflected on the remarkable rise of Heirs Insurance Group, describing its journey from...

FirstMobile: How to Install and Register for FirstBank’s Mobile App

Picture this: it is payday, and you need to transfer money to a loved one or pay a utility bill. In the past,...

Beyond Colonialism: Tony Elumelu Pushes for Global Investment in Africa

Nigerian business tycoon Tony Elumelu has urged Africans to warmly welcome investors from every corner of the world and finally move beyond colonial-era...

Transcorp Hits ₦20.3bln Dividend Milestone at 20th AGM, Stakeholders Excited

Transnational Corporation Plc (Transcorp Group), a premier African conglomerate with core interests in energy, power, and hospitality, has announced a total dividend payout...

Cardless Payments Go Nationwide via New UBA, Redtech, and MoMo PSB Deal

By Maryanne Awuya United Bank for Africa (UBA), Redtech, and MoMo Payment Service Bank (MoMo PSB) have launched a payment interoperability partnership aimed...

Jim Ovia Retires from Zenith Bank; Mustafa Bello Steps In

By Maryanne Awuya Zenith Bank has announced the retirement of its founder and Group Chairman, Jim Ovia, following the completion of his tenure...

SEC Crackdown: 13 Nigerian Firms Hit With Asset Freeze for Terror Financing

The Nigerian Securities and Exchange Commission (SEC) has ordered an immediate asset freeze for 13 capital market entities suspected of financing terrorism. This...

From Crisis to Recovery: How the CBN’s “Bold Reset” Reshaped Nigeria’s 2026 Economy

The Central Bank of Nigeria (CBN) is charting a measured path to economic recovery, crediting its sweeping monetary and banking overhaul with driving...