Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has announced plans to introduce a fresh set of foreign exchange laws and guidelines aimed at addressing the depreciation of the Naira and achieving stability in the exchange rate. Speaking at the 2023 Annual Bankers Dinner of the Chartered Institute of Bankers of…
The burgeoning economic partnership between the Federal Republic of Nigeria and the Federal Republic of Germany witnessed further expansion and strengthening as two important agreements were signed between Nigerian and German businesses on Tuesday. Speaking in Berlin, Germany, at the 10th German-Nigerian Business Forum, President Bola Tinubu said that with a resilient democracy, Nigeria is…
President Bola Tinubu, on Monday, in Berlin, Germany, told international investors that beyond Nigeria’s natural resources, the people of Nigeria, who are highly educated, highly skilled, and naturally industrious are the primary asset and advantage the country wields over other nations in the global race for new investments. The President spoke at a panel discussion…
Bola Tinubu delivered an address to the audience at the G20 Investment Summit and the Compact with Africa Conference in Berlin, Germany. The Nigerian President traveled to Berlin on Saturday, November 18, to participate in the conference, aiming to attract investments in energy and infrastructure while fostering trade, according to his office. Hosted by German…
Sam Altman, the Silicon Valley CEO responsible for the artificial intelligence-driven chatbots ChatGPT and GPT-4, has been ousted by the company’s board of directors, citing a loss of confidence in his leadership. The decision, announced in a statement, comes after an internal investigation revealed inconsistencies in Altman’s communication with the board, impeding its ability to…
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has suggested the possibility of raising tariffs nationwide. During a stakeholders’ meeting with the Executive Vice Chairman of the Nigerian Communication Commission (NCC), Dr. Aminu Maida, on Thursday, November 16, Mr. Gbenga Adebayo, the Chairman of ALTON, emphasized the need for a price review in response…
The Seme Area Command of the Nigeria Customs Service reported that it facilitated N8 billion worth of export cargoes from September to the present date. Timi Bomordi, the Customs Area Controller for the command, disclosed this information during a press briefing at the Seme command in Lagos. He highlighted that during the specified period, the…
During the first nine months of 2023, Nigeria’s tier-1 banks amassed a total of N102.96 billion in income from account maintenance, marking a 20.4 percent increase compared to the N85.53 billion recorded in the corresponding period of 2022. The surveyed banks, including First Bank, United Bank for Africa, Guaranty Trust Holding Company, Access Bank, and…
The Academic Staff Union of Universities (ASUU) has officially joined the nationwide indefinite strike declared by the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC). On Monday, November 13, ASUU issued a directive for its members to actively participate in the strike, effective from midnight of the same day. The National President of the…
President Bola Ahmed Tinubu on Saturday in Riyadh, Saudi Arabia, began his deliberation with the Captains of Saudi Arabian Industry at the Nigeria-Saudi Investment Roundtable by making clear that with his team in place, every negative perception or notion about what Nigeria has represented in the past with respect to the ease of doing business,…
