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CBN rolls out baseline standards for  Anti-Money Laundering solutions

By Elizabeth Adegbesan   The Central Bank of Nigeria, CBN, in a bid to encourage financial institutions’ adoption of emerging technologies that enhances detection and reporting of suspicious transactions in real time,  has rolled out a draft  ‘Baseline Standards for Automated Anti Money Laundering’, AML, solutions. This is contained in its letter signed by the Director, Banking […]

Dangote Refinery slashes petrol price by N15 per litre  

By Yinka Kolawole & Obas Esiedesa Dangote Refinery has slashed the pump price of premium motor spirit (PMS), also known as petrol, by N15 per litre. In a statement, yesterday, the company said that as a result of the reduction, Nigerians can now purchase the product at N875 per litre in Lagos instead of N890; N885 […]

Nigeria’s foreign trade in LC rises 4%  to $269.83m

By Elizabeth Adegbesan   Nigeria’s foreign trade through Letters of Credit   (LC) grew by 4.4 percent year-on-year, YoY, to $269.83   million in the first four months of 2025 (4m’25) from $258.46 million in 4m’24. The Central Bank of Nigeria, CBN,    disclosed this in its International Payments data.   LC is a bank document guarantying payment for imports […]

Seyi Vibez partners EMPIRE, unveils new single ‘Pressure’

By Adeojo Kunle In a significant career move, Nigerian music star Balogun Afolabi Oluwaloseyi, popularly known as Seyi Vibez, has officially partnered with global music distribution and record label giant EMPIRE. The announcement was accompanied by the release of a brand-new single titled “Pressure”, marking a sonic evolution for the artist who has made a […]

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