BUSINESS

Kevin Ugwuoke, Executive Director and Chief Risk Officer of Fidelity Bank Plc, has formally assumed office as President of the Chartered Risk Management Institute of Nigeria (CRMI). His leadership promises a reform-focused era anchored on policy advocacy, ethical standards, and digital innovation to deepen risk governance across sectors in the …

The economic partnership between China and African nations has received a significant boost, with the recently concluded fourth China-Africa Economic and Trade Expo (CAETE) registering a robust $11.39 billion in signed deals. The fourth China-Africa Economic and Trade Expo (CAETE), themed “China and Africa: Together Toward Modernization,” concluded on Sunday, …

The Economic and Financial Crimes Commission (EFCC) has arraigned Halima Buba, managing director (MD) and chief executive officer (CEO) of SunTrust Bank Ltd, over money laundering allegations. Buba was arraigned before Emeka Nwite, judge of a federal high court in Abuja, on Friday alongside Innocent Mbagwu, executive director (ED) and …

Billionaire industrialist Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, ending a 20-year tenure that shaped the company’s growth and market leadership. The announcement was made by Dangote Sugar Refinery in a statement signed by Company Secretary Temitope Hassan, confirming that …

The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the Apex Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN, through its Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali, …

The National Association of Nigeria Travel Agencies (NANTA) has issued a passionate appeal to the Federal Government to urgently intervene in what it describes as a crippling issue of “cross-border ticket sales,” where foreign-based travel agencies are consistently offering significantly cheaper flight tickets for routes originating from Nigeria, a practice …

Despite the Central Bank of Nigeria‘s (CBN) June 3, 2025 deadline for Bureau De Change (BDC) recapitalisation having lapsed a week ago, operators in the sector are holding out hope for a reprieve, engaging in ongoing discussions with the apex bank. Sources close to the negotiations indicate that BDCs are …

By Diana Tenebe, Chief Operating Officer, Foodstuff Store Nigeria is a nation that is blessed with arable land and a teeming youthful population. For so long the nation has been tied to the fortunes of crude oil. Oil revenues have dominated the sustenance of economic development. The overall annual GDP …

For the sixth consecutive year, Nestlé Nigeria has reaffirmed its commitment to environmental sustainability through a nationwide clean-up and community sensitization campaign. This initiative, executed in collaboration with the African Clean-Up Initiative (ACI) and local authorities, mobilized a total of 516 Nestlé Cares volunteers from the Nestlé head office, branch …

By Elvis Eromosele For years, Unstructured Supplementary Service Data, USSD banking in Nigeria has been a lifeline for millions of Nigerians. It was simple, fast, and accessible even on the most basic mobile phones. From transferring money to paying bills, and checking balances to buying airtime, USSD provided seamless access …