BUSINESS
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Zenith Bank to Open Manchester Branch to Strengthen UK–Africa Trade
The Group Managing Director and Chief Executive Officer of Zenith Bank, Adaora Umeoji, said the new branch reflects the bank’s…
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Nigeria’s Capital Market to Adopt T+1 Settlement Cycle from May 29
Under the new framework, securities transactions will be settled one business day after the trade date, replacing the current two-day…
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CBN Scraps Affidavit Requirement for Reactivating Dormant Bank Accounts
The Central Bank of Nigeria (CBN) has removed the requirement for customers to provide affidavits when reactivating dormant bank accounts,…
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FinTech Association Backs CBN Reforms to Strengthen Banking Security
The apex bank introduced several policy measures within a short period, including a rule restricting banking applications to a single…
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Customers Protest Rising Bank Charges, Say Deductions Discourage Savings
Bank customers across Nigeria are increasingly expressing frustration over the growing number of transaction-related charges imposed by commercial banks, warning…
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Togo Seeks Higher Electricity Imports from Nigeria
The government of Togo has signalled its intention to increase electricity imports from Nigeria as part of efforts to meet…
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Afreximbank Expands Narrative of African Transformation with Season Two of ‘Impact Stories’
Afreximbank says the ‘Impact Stories’ initiative is part of a broader strategy to demonstrate how development finance is translating into…
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MSC Secures 45-Year Concession to Build Snake Island Container Terminal in Lagos
Nigeria’s maritime sector is set for a major transformation following a landmark agreement involving the world’s largest container shipping company,…
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CIBN Inducts 2,020 Chartered Bankers, Urges AI-Driven Transformation in Nigeria’s Financial Sector
Nigeria’s banking profession received a significant boost as the Chartered Institute of Bankers of Nigeria (CIBN) inducted 2,020 new chartered…
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Food Import Duty Suspension Helped Ease Inflation Pressure, Says Customs Chief
Nigeria’s temporary suspension of customs duties on selected imported food items has contributed to easing inflationary pressures in the economy,…
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