In a landmark event, the University of Ibadan commemorates its 75th anniversary by appointing UBA CEO, Oliver Alawuba, as an Ambassador. This honor celebrates his remarkable contributions to the banking …
Business
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Nigeria’s central bank has lifted its restrictions on virtual assets service providers (VASPs), allowing them to operate bank accounts and offer services to customers who deal in cryptocurrencies. The Central …
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The Nigerian Extractive Industry Transparency Initiative (NEITI) has announced that it has recovered over $3 billion from the oil and gas sector, and identified over $20 billion more in unremitted …
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President Bola Tinubu has assured foreign investors of ease in the repatriation of funds as the Federal Government ramps up efforts to attract more businesses to the country. The Nigerian …
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Nigeria, Africa’s largest economy, is facing a wave of exits by multinational companies that are struggling to cope with the country’s macroeconomic environment. The federal government says it is in …
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Nigeria’s small and medium-sized enterprises (SMEs) are set to benefit from a $20 million Trade Finance Facility Agreement signed by the African Development Bank (AfDB) and FSDH Merchant Bank. The …
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Nigeria is facing a drug crisis as the value of medicines imported into the country rose by 68 percent to N81.8 billion in the third quarter of 2023, according to …
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Procter & Gamble (P&G), a multinational consumer goods company, has decided to end its operations in Nigeria after more than three decades, citing unfavorable macroeconomic conditions. The move could result …
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Jumia, Africa’s leading e-commerce platform, has announced Sunil Natraj’s appointment as its Nigerian unit’s new CEO, effective from January 1, 2024. Natraj will replace Massimiliano Spalazzi, who has led Jumia …
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Nasir El-Rufai, the former governor of Kaduna State, Nigeria, has announced his plans to set up a $100 million venture capital fund for startups in the country, especially those in …
