Nigeria’s Current Account Surplus Strengthens Forex Stability
Nigeria recorded a current account (CA) surplus of $6.1 billion in Q3 2024, up from $3.9 billion in Q2, marking…
Day: January 16, 2025
CBN Unveils Digital Payment and Document Management Solutions
The Central Bank of Nigeria (CBN) has launched two major initiatives: the Document Flow (DocFlow) System and the Ministries, Departments,…
Foreign Firms Rethink Investments Amid Capital Decline
Foreign-owned companies in Nigeria are scaling back their capital investments as returns on capital employed (ROCE) decline. BusinessDay’s analysis shows…
NBS Removes Crime Survey Report Amid Website Attack
The National Bureau of Statistics (NBS) has removed its recently published “Crime Experience and Security Perception Survey 2024” report from…
FG to Establish Farmers Database for Targeted Support
The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security, has signed an agreement with the National…
NCC Orders Disconnection of Nine Banks’ USSD Services Over Unpaid Debts
The Nigerian Communications Commission (NCC) has directed telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) services of nine…
Tinubu and UAE Leader Discuss Trade Investment and Regional Stability
President Bola Ahmed Tinubu of Nigeria and Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) held…
Scott Bessent Faces Senate Scrutiny Over Taxes Trade and Deficits
Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, is set to face tough questions from the Senate Finance Committee…
Nigerians To Pay More For Calls And Data As Tariffs Increase
The Minister of Communications and Digital Economy, Bosun Tijani, has announced that Nigerians will face a tariff increase of 30…
Apple Seeks New Credit Card Partner as Goldman Backs Out
Apple is in talks with Barclays and Synchrony Financial to replace Goldman Sachs as its credit card partner, sources say.…
Nigerians Embrace AI with High Enthusiasm and Adoption
A new global survey by Ipsos and Google reveals that Nigeria’s online population is leading in Artificial Intelligence (AI). The…
Smartphone Market Grows in 2024 Despite Economic Challenges
Global smartphone shipments grew by 2.4% year-over-year (YoY) in the fourth quarter of 2024, reaching 331.7 million units, according to…
NCC and FCCPC Sign Agreement to Strengthen Telecom Consumer Protection
The Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) have signed a Memorandum of Understanding…
Wini Group Debuts AI Varsity In Nigeria To Boost Africa’s Tech Adoption
Wini Group has announced the establishment of Wini University, Nigeria’s first Artificial Intelligence-focused institution, in Epe, Lagos. The university aims…
FG’s Economic Policies to Boost Marketing Industry in 2025
Industry experts predict Nigeria’s marketing and advertising sector will benefit from the federal government’s economic policies in 2025. According to…
Equity market posts N930bn loss
The Nigerian equity market recorded a significant loss of N930.62bn at the close of trading on Wednesday, marking the third…
34.8% inflation rate triggers fears of rising prices, hardship
Nigeria’s inflation rate surged to 34.80% in December 2024, a marginal increase from November’s 34.60%, according to the National Bureau…
FCMB appoints executive director
First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its new Executive Director of Corporate Services…