Central Bank of Nigeria Governor, Olayemi Cardoso, announced Wednesday that the government has resolved the long-standing $7 billion foreign exchange backlog. Following a forensic audit, verified claims have been settled, paving the way for businesses, multinational corporations, and foreign investors to repatriate funds without hindrance. Cardoso made the announcement at the launch of Nigeria’s Regulatory…
The Federal Government, via the Nigeria Civil Aviation Authority (NCAA), has suspended Max Air’s domestic flight operations following a tire burst incident involving one of its Boeing 737-400 aircraft (registration number 5N-MBD) at Mallam Aminu Kano International Airport on Tuesday, January 28, 2025, at approximately 10:51 p.m. The aircraft, carrying 53 passengers, experienced the tire…
An external borrowing program of $2.2 billion, which includes the possibility of offering Eurobonds and Sukuk bonds, has been approved by the Federal Executive Council (FEC). Following the FEC meeting on Wednesday at the Presidential Villa in Abuja, Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, informed reporters of this. In…
The value of the Naira fluctuated between ₦1,690.00 and ₦1,620.00 in relation to the dollar during the Investors and Exporters (I&E) window. At the official market on Wednesday, the value of the Naira fell, trading at ₦1,681.65 to the US dollar. Naira dropped ₦10.33, according to data from the official trading platform of the FMDQ…
As you may have observed, a lot of these postings are preceded or followed with motivational remarks about a newly acquired ability or helpful insights from working on teams. Let’s be honest, though, not everyone has easy access to these chances. Before the Nigerian Bottling Company made the decision to empower a number of young…
With the theme “Nurturing Authentic Connections in Digital Ecosystems,” the 9th Lagos Digital Public Relations Summit concluded successfully and provided insightful information about how to cultivate real connections in the current digital era. The two-day event, which was sponsored by President Bola Ahmed Tinubu’s Office of the Senior Special Assistant on Digital and New Media,…
Wole Abegunde, the Group Managing Director of Meristem Securities Limited, has announced his retirement following twenty-one years of exemplary service and reaching the retirement age of sixty. Meristem had tremendous growth and created cutting-edge solutions for its customers under Wole Abegunde’s direction, becoming one of the most reputable financial organizations in the sector. In keeping…
The need for flexible office spaces has grown in the last several years. Although they used to be common, classic office layouts frequently fail to satisfy the changing demands of today’s startups and SMEs. Canton Concourse is the ideal solution for this changing workspace paradigm. This co-working space, which is situated in the center of…
Technology development has increased internet betting’s appeal to both novice and seasoned gamblers in places like Ethiopia. Foundations of Internet Gambling Online betting involves more than just picking the team or individual you believe will win as you sit on the sidelines. It comes down to strategy, research, and knowledge of how betting platforms operate….
Google announced on Thursday that, according to a recent analysis by Public First, artificial intelligence (AI) can boost Nigeria’s GDP by $15 billion by 2030. This was stated by Olumide Balogun, Director of Google’s West Africa, during the press roundtable for the Economic Impact Report in Lagos. Balogun stated that Google’s dedication to ethical AI…
