Business/Finance

Court Forfeits Keystone Bank Shares To Fg Over N20

CBN Increases ATM Transaction Fees, Asks Banks To Begin Implementation March 1

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has announced an upward review of the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial policy and regulation department, the CBN said the revised charges will take effect from March 1. While this latest increase means Nigerians will pay mo ... Read more

U.S. IBM Exits Nigeria, Ghana, Others

International Business Machines (IBM) has announced plans to exit Nigeria, Ghana, and several key African markets. The first also planned to transfer its regional operations to MIBB, a subsidiary of Midis Group, a multinational information technology (IT) and telecommunications conglomerate. The transition aligns with a new operating model th ... Read more

CBN Grants BDCs Forex Market Access Extension to May 30 2025

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has granted eligible Bureau de Change (BDC) operators more time to access the Nigerian Autonomous Foreign Exchange Market (NAFEM) for foreign exchange (FX). Initially, the CBN had granted BDC operators temporary access to NAFEM to purchase $25,000 weekly from December 19, 2024, to January 30, 2025. However, i ... Read more

BUA Foods Achieves Record-Breaking FY 2024 Results with 109% Revenue Jump

BUA Foods Plc, one of Nigeria’s leading food manufacturing companies, has announced its unaudited financial results for the fiscal year 2024, posting significant growth across all key performance indicators. The company’s resilience, operational efficiency, and strategic expansion efforts have continued to drive remarkable financial per ... Read more

NESG Appoints Wole Adeniyi, Mohamad Darwish, and Olusegun Alebiosu as Board Members

Olusegun Alebiosu (MD/CEO, First Bank Limited)

The Nigerian Economic Summit Group (NESG) has announced the appointment of three leaders, Mr Wole Adeniyi, Mr Mohamad Darwish, and Mr Olusegun Alebiosu, to its board of directors. These appointments reflect the NESG's steadfast dedication to promoting visionary leadership and strengthening partnerships with key business leaders and private sect ... Read more

Against All Odds, Firstbank Eyes Another Decade Of Growth

Olusegun Alebiosu (Managing Director/Chief Executive Officer, First Bank of Nigeria Limited (FirstBank Group)

In the first nine months of last year, the earnings per share (EPS) of FBNHoldings Plc, the parent company of First Bank of Nigeria Limited as well as its profit grew by 125 per cent year-on-year (Y/Y). But there is much more to where the premier bank stands in core banking and its profitability is not a mere accretion of transaction charges but ... Read more

BUA Foods Achieves Record-Breaking

BUA Foods Plc, one of Nigeria’s leading food manufacturing companies, has ...
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CBN Increases ATM Transaction Fees,

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has announced an upward review of the transact ...
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CBN Grants BDCs Forex Market Access

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has granted eligible Bureau de Change (BDC) op ...
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U.S. IBM Exits Nigeria, Ghana, Othe

International Business Machines (IBM) has announced plans to exit Nigeria, Ghana ...
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Court Forfeits Keystone Bank Shares

An Ikeja Special Offences Court ordered forfeiture of Sigma Golf Nig. Ltd. right ...
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