Business

Following a successful completion of the 10th anniversary of the Access Bank Lagos City Marathon, the financial institution on Wednesday restated its commitment to community and sustainability.  Access Bank concluded its Lagos City Marathon last Saturday, as it highlighted  the platform’s ability to foster unity, promote healthy lifestyles, and showcasing African excellence on the global stage.  Since its inception in…

The Governor of Central Bank of Nigeria (CBN), Mr, Olayemi Cardoso was at the meeting of governors of Central banks of Economic Community of West African States (ECOWAS) Member States in Sierra Leone recently. Economic Integration was part of what the ggovernors discussed at the 65th ordinary meeting.

The Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, has announced that the National Assembly has transmitted the Investments and Securities Bill 2024 to President Bola Ahmed Tinubu for assent. Speaking during the Securities and Exchange Commission’s budget defense on Tuesday in Abuja, Sen. Izunaso stated that lawmakers expect the President to sign the bill into law…

 Legislators in Lagos State have commended the Lagos State Internal Revenue Service (LIRS) for achieving an unprecedented milestone in revenue generation, surpassing N1 trillion.  This landmark accomplishment positions LIRS as the first sub-national revenue agency in Nigeria to attain such a feat, reflecting its professionalism, efficiency, and commitment to transparent tax administration. Former Chairman of the House Committee on Economic…

Dr. Abdullahi Umar Ganduje, the newly appointed Board Chairman of the Federal Airports Authority of Nigeria (FAAN), paid his inaugural visit to the agency on Tuesday, February 18, 2025. During the visit, FAAN’s Managing Director and Chief Executive, Mrs. Olubunmi Kuku, delivered a detailed presentation on the agency’s operations. She provided an overview of activities across all directorates and presented…

Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world. It would be recalled that Forbes ranked Aliko Dangote as the 144th richest person in the world in 2024 with $13.4 billion. Forbes estimates Dangote’s net worth at $23.9…

Following “Ember”, spending, currency in circulation in the Nigerian banking sector increased to N5.24 trillion in January 2025, according to the Central Bank of Nigeria (CBN). data. The reported N5.24 trillion is the highest since the apex bank has been monitoring currency in circulation in the banking sector. The increasing currency in circulation is on the backdrop of CBN sustained…

The Central Bank of Nigeria (CBN) has mandated commercial banks to comply with stricter insider lending limits within six months or risk regulatory sanctions.   In a letter to banks, the CBN set a 180-day deadline for financial institutions to regularize all insider-related credit facilities that exceed the statutory limits prescribed under the Banking and Other Financial Institutions Act (BOFIA) 2020. …

Africa’s wealthiest man, Aliko Dangote has reflected on the immense risk he undertook in building the Dangote Refinery, a project that has not only redefined his fortune but also reshaped Africa’s energy landscape. The 67-year-old billionaire described the refinery venture as “the biggest risk of my life,” revealing that the final investment exceeded $20 billion, more than double the original…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Monday called for deeper economic ties between Nigeria and the Middle East, emphasizing opportunities for collaboration in infrastructure, tourism, and financial sector development. Speaking in a statement on the sidelines of the inaugural Conference on Emerging Markets Economies in Saudi Arabia, Cardoso met with Talal Al-Humond, Assistant Governor…