Business

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...

Nigeria’s Electronic Payment Transactions Hit N384trn in July 2025 – Says CBN Gov.

Nigeria’s journey towards a cashless economy is gaining momentum, with electronic payment transactions surging to N384 trillion in July 2025. This significant growth...

Gold Prices Soar to Record High, Surpassing $4,000 per Ounce

Gold prices have surged past the $4,000-per-ounce mark for the first time in history, driven by concerns over the U.S. economy, a looming...

CBN, SEC Collaborate on Cryptocurrency Framework – CBN Gov. Cardoso

The Central Bank of Nigeria (CBN) is working closely with the Securities and Exchange Commission (SEC) to develop a sustainable framework for digital...

Naira Strengthens at N1,485/$, as US Currency Weakens on Monday

The Nigerian naira has started the week on a strong note against the US dollar, with the local currency trading at N1,485.5 per...

Dollar Weakens Amid US Govt. Shutdown Concerns

The dollar index fell 0.22% to 97.90 on Monday, extending losses for a second session as concerns over a potential US government shutdown...

Dangote Refinery Confirms Staff Layoffs, Cites Sabotage Concerns

The Dangote Petroleum Refinery has confirmed that it recently laid off some workers as part of an ongoing reorganisation exercise aimed at curbing...

Femi Otedola Boosts Stake in FirstBank with N1.21bln Investment

Mr. Olufemi Otedola, Group Chairman of First HoldCo Plc, the parent company of First Bank, has increased his stake in the bank by...

First Bank Revolutionizes Banking for Visually Impaired and Physically Challenged

First Bank has launched a pioneering initiative to provide tailored financial services for blind, partially sighted, and physically challenged customers across its operations....

Naira Hits One-Month High in Parallel Market N1,530.96 per dollar

The Nigerian naira has strengthened to N1,527 per US dollar in the parallel market, marking its highest level in over a month. This...

Africa’s Digital Future Bright as AI Startups Attract $1.25bln in Funding – Tony Elumelu

Tony Elumelu, Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, has highlighted the significance of African AI startups attracting $1.25...

AfDB’s 9th President Takes Oath, Champions African Self-Reliance

Sidi Ould Tah has been sworn in as the 9th president of the African Development Bank (AfDB) Group. He succeeds Nigeria’s Dr. Akinwumi...

DMO Unveils September 2025 FGN Savings Bonds

“The subscription window for the bonds opened on September 1, 2025, and will close on September 5, 2025” The Debt Management Office (DMO)...

From Boardroom to Grassroots: How Tony Elumelu Is Redefining Leadership and Lifting Millions Out of Poverty

In a world searching for models of transformational leadership, few names resonate as powerfully as Tony Elumelu, the Chairman of United Bank for...

Forbes Billionaires List: Dangote, Otedola, Adenuga, Abdulsamad Put Nigeria on the Map

Nigeria now has four tycoons on Forbes’ prestigious Real-Time Billionaires List, cementing their status among the world’s wealthiest individuals. The ranking, which was...

Breaking: Nigeria’s Foreign Exchange Reserves Surge to $41bln, Highest in 3 years

Nigeria’s foreign exchange reserves have surged to $41.00 billion, the highest in 44 months, according to figures published by the Central Bank of...