News at the speed of light
Nigeria’s central bank has announced the successful clearance of foreign-exchange backlogs for 14 banks, with settlements initiated for international airlines. The statement released on Wednesday revealed that approximately…
Executives in the Nigerian fintech sector are preparing for an upcoming regulatory overhaul by the central bank aimed at tightening controls to combat persistent fraud issues. Yemi Cardoso,…
Fitch Ratings has placed Union Bank of Nigeria Plc’s (UBN) Issuer Default Ratings (IDRs), Viability Rating (VR), and National Ratings on Rating Watch Negative (RWN) following the Central…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, is celebrating the 6th year of operation of its flagship artificial intelligent Digital Assistant and Chatbot – Leo, and…
Nigerian equities are emerging as top performers in the Europe, Middle East, and Africa (EMEA) region for 2024, with the 151-member NGX All-Share Index recording an 11% surge…
Globacom Ltd, a prominent Nigerian telecommunications firm, has refuted recent claims suggesting it owed MTN interconnect charges. According to a reliable source within Globacom, the alleged outstanding amount…
…Market Cap Hits N1.022tn Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just…
Nigerian companies are concluding the final quarter of 2023 with a historic cash reserve of N2.3 trillion, marking the highest cash balance in recent history. This data, compiled…
Digital publishing and book marketing platform, Okada Books, has announced the cessation of its operations in Nigeria, concluding a decade-long journey in facilitating self-published books and empowering writers…
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has called on countries to take a more proactive approach in developing central bank digital currencies (CBDCs). Eleven…
