BUSINESS

By Victor Irechukwu, Head of Engineering, OnePipe. In recent years, non-bank providers have been integrating financial services into various products and services. This enables merchants that have these embedded financial services to interact with their customers in new ways. Recall Nigeria’s recent cashless experiment? The main problem was not because …

The Managing Director and Regional Executive, Ecobank Nigeria, Bolaji Lawal has reiterated the bank’s commitment to supporting any investment that will stimulate the growth of Nigeria’s economy and transform the opportunities in Nigeria into business and empowerment for the youth. Lawal noted that the bank is ready and determined to …

In a move to address the environmental impact of plastic bottle waste pollution, the Coca-Cola System in Nigeria has announced the modification of its products’ bottles. The Director of Public Affairs, Communications and Sustainability at Coca-Cola Nigeria, Nwamaka Onyemelukwe, disclosed this during the Annual System Beach Cleanup exercise held in …

The Central Bank of Nigeria on Thursday admonished students and management of tertiary institutions in the country to adopt the e-Naira for payment of tuition fees, salaries, and other transactions in view of its benefits. The Assistant Director, CBN Ekiti State Branch, Mr Ayodeji Adeboboye, said that e-Naira remained “a …

About 80 per cent of Small and Medium Enterprises fail before their fifth anniversary due to harsh economic environments, lack of access to capital, and poor business practices, which have stunted growth and transition of micro-businesses, a new report has said. According to the report titled “Perception Study: Efficiency and …

The Presidency has said that President Bola Ahmed Tinubu has not approved 114% salary review for elected politicians and judicial officers. This disclosure is contained in a statement issued by the Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake, where he described as misinformation media …

President Bola Tinubu says Nigeria is now ready for global business as ongoing reforms will be sustained for a more competitive economy that attracts foreign direct investment (FDI). Tinubu spoke on Thursday, in separate meetings on the sidelines of the New Global Financial Pact Summit in France’s Palais Brongniart. According …

The Federation Account Allocation Committee, FAACsays it shared N786.161 billion among the three tiers of government in May 2023. The figure represents an increase of N130.23bn compared to the N655.93bn shared in April 2023, and it is the highest this year and the first increase following a constant decline since …

The Central Bank of Nigeria has said the recent monetary policy decision on floating naira is a managed float and not free float In a recent interview with Bloomberg in Rabat, Morocco, Deputy Governor Kingsley Obiora revealed that the Central Bank of Nigeria clarified its recent monetary policy decision. On floating naira …

Since its grand entrance into the Nigerian banking sector, PremiumTrust Bank has sent tongues wagging on the issue of ownership structure. Licensed by the Central Bank of Nigeria in December 2021 to operate as a Commercial Bank in Nigeria, but officially opened for business in Port-Harcourt, Rivers State on the …